RECA Weekly NewsWire
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March 5, 2015 In This Issue
Top Stories
Advocacy
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
Morrison & Head
Top Stories
A vibrant, young workforce fuels the Austin economy, but with the growing demand for office space comes eight challenges.
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As Northwest Austin becomes an increasingly desirable market in which to live and work, commercial landlords of both newer and older office buildings are working to produce more updated and progressive properties to meet tenants’ needs.
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There’s no shortage of proposals when it comes to next steps for Austin transportation. From calls to look into a subway system to bus meetings about enhancing existing options, ideas abound.

Amid all those ideas for potential transportation growth, there is one transit project that is definitely going to take shape: the current Downtown MetroRail station is going to expand, thanks to a 2014 Texas Department of Transportation grant of $50 million.
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Advocacy
Lt. Gov. Dan Patrick described a $4.6 billion tax-cut package unveiled Tuesday as the kind of tax relief that has been "long overdue" in Texas.
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Austin City Council has approved multiple changes to how its meetings will operate, but the new methods will not be implemented until April.
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Naylor Association Solutions
Local News
Traffic may be crawling on MoPac, but the construction is not. The Central Texas Regional Mobility Authority (CTRMA) says the MoPac Improvement Project is now 61 percent complete, and is still on track to wrap up by the end of 2015.
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As the city prepares to build infrastructure, including wastewater lines and the Oakmont Drive extension, along Westinghouse Road in the South Georgetown tax increment reinvestment zone, or TIRZ, developer Don Bourn, CEO of Arizona-based Bourn Companies, has begun planning for future growth on his property in the zone.
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RealMassive, the first data provider to deliver open access to the commercial real estate industry, today announces the launch of the Oakland and Silicon Valley marketplaces.
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Between massive corporate relocations like Toyota and the anticipated Liberty Mutual, it’s no wonder that Texas is leading the nation in job growth.
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National News
The commercial real estate industry has had some unpleasant reminders recently about the threat terrorism poses to the industry—and the difficult balancing act in which potential targets must be hardened, while at the same time still made open and accessible to consumers. After all, unlike office buildings or certain facilities such as nuclear power plants, the whole raison d'être of these projects is to have as many people visit as often and as freely as possible.
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Experts estimate that in five years, millennials will make up more than half of the workforce. And that shift will influence how companies build office space, industry insiders said.
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The 2014 Governors Cups recognize the top performing states for capital investment attraction in a season that lasts all year.
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Meta Housing Corp. has broken ground on the Glendale Arts Colony, a $32 million affordable housing project in Glendale, CA. The 70-unit multifamily development will target artists and families in need of affordable housing, and will create an "arts colony" in the city.
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Events
Date: 3/25/2015

Time: 11:15 am - 1:00 pm

JW Marriott
110 E. Second Street
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