RECA Weekly NewsWire
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September 17, 2015 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
Top Stories
One Eleven Congress, one of downtown Austin’s older office buildings, will soon see its lobby and outdoor plaza changed into a much more active public space, and the building’s owner is bringing on a well-known design team to oversee the transformation.
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Tech firms find the race for space more daunting for two simple reasons — employee numbers can skyrocket overnight from a startup mode, and yet and the average term for a downtown lease is seven years.
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Construction activity around downtown Austin continues at a ridiculous pace, and sometimes it can be hard to keep track of all the projects that are underway.
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Amidst a construction boom of office and apartment buildings across the U.S., builders are reporting that a glass shortage is adding substantial costs to projects and causing lengthy delays.Curtain-wall prices have risen more than 30% in the past 18 months, as glass manufacturers struggle to keep up with the increased demand.
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United Heritage Credit Union
Naylor Association Solutions
Local News
Austin’s Parks and Recreation Department has announced two redevelopment proposals for the intake facility on Lady Bird Lake, and is asking for input in a public survey that runs until September 13.
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A year of low oil prices has undoubtedly made an impact on commercial real estate fundamentals in energy markets, although the impact is neither uniformly negative nor positive in every sector.
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It might be one of the best-kept secrets of Austin’s technology sector: Apple Inc., the world’s largest consumer electronics company, is in the middle of explosive growth here in Central Texas.
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Sharon and Clanton Lynch don’t fit the standard apartment renter profile for Dallas’ trendy Uptown neighborhood.

They aren’t 20-something urban dwellers but refugees from the ’burbs who are in their 50s.
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National News
Markets that garner the greatest demand are typically coastal gateway markets such as Los Angeles, San Francisco, New York City, Miami, and Washington D.C. But there are many other markets getting more and more interested.
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Multifamily developments may soon see the regular installment of solar power, thanks to dropping prices and improved efficiency. Prices are so low, in fact, that solar panels won't even need to be financed with subsidies or tax credits, as utilities are more accommodating, "meaning you could produce power at the same cost or better than what it costs to buy from the utility," VP of green initiatives for Enterprise Community Partners Thomas Osdoba says.
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In secondary markets landlords are finding it difficult to fill office space. Here are the five worst office cities in the country.
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Although expanding in the U.S. is far easier said than done, as many painful failures will attest, we're keeping a close eye on five international retailers as they look to break into this market. As always, retail never remains static. Expect a big push from even more international retailers anxious to get their share of the American market.
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Events
Tuesday, September 22
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.
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Wednesday, October 14, 2015
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.
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