RECA Weekly NewsWire
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October 15, 2015 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
Top Stories
Since the release of the Zucker Report in 2014, there has been much debate around the causes of and solutions to some of Austin’s most pressing planning and development review challenges. Many of these challenges will likely be addressed in the code rewrite process over the next two years when the rewrite is expected to be completed. However, in the interim, there is a specific action the city can take without amending the code that will greatly impact the cost and quality of development in Austin: enforcing existing development review timelines.
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Austin ranked second in the nation for overall real estate prospects. That is the consensus of Emerging Trends in Real Estate 2016, the annual report published by the Urban Land Institute and PwC LLP.
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The Beyond Traffic forum was one of 11 taking place around the country, following the release of the U.S. Department of Transportation’s Beyond Traffic draft report.
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United Heritage Credit Union
Naylor Association Solutions
Local News
Known for converting a Dumpster into his home in East Austin, Professor Dumpster – aka Huston-Tillotson University environmental science professor Jeff Wilson – has teamed up with a local developer to create Kasita, a start-up focused on prefabricated housing.
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JCI Hospitality LLC, an Austin company, broke ground this week on a Hyatt House Hotel at 901 Neches St. in Austin.
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With competition heated across the board, the commercial real estate consultancy recommends that businesses looking for new quarters plan ahead by at least six months. Even with high-profile new developments like the Lincoln Property Company's 18-story, Class AA 5th + Colorado under construction, the level of demand and the need for improvements in many unoccupied spaces mean that an absolute minimum wait of three to four months is to be expected.


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As leaders of KIPP’s real estate team, they helped the organization find money along with affordable locations and coalesced a team of experts for development
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In a report by the Star-Telegram, Dallas-Fort Worth came out as the top area for commercial real estate investment. The results were from a survey of almost 1,500 real estate executives.
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After the Urban Land Institute ranked Houston the No. 1 real estate market to watch last year, the Bayou City has fallen to No. 30 this year.
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National News
For decades, most Americans settled in the suburbs. Now, there’s a mass exodus—or at least a growing movement—toward urban cores. According to Census Bureau data, American cities are witnessing a renaissance, of sorts, as residents migrate to downtown areas.
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Few topics attract more attention in the world of commercial real estate than the continuing impact of millennial workers on office design.
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Surprising though it may seem, real estate is poised to be one of the hottest sectors for mergers and acquisitions growth in the coming year. Due diligence activity in real estate during the first half of 2015 was up 57%, according to Intralinks’ Deal Flow Predictor which forecasts M&A activity six months into the future, the largest increase for any industry.
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From hotels to apartments to assisted living facilities, office buildings, industrial space, retail space and more worldwide, REITs are mandated by law to be widely held and to distribute most of their income as dividends to shareholders. And because investors can purchase shares on the stock market, REITs are considered to be a very liquid asset.
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Events
Date: 10/17/2015
Time: 8:00 am - 12:00 pm

Blackland Community Development Corporation
1902 East 22nd Street
Austin, Texas 78722

Make a donation, contribute your talents and pool your resources with other RECA members to benefit the Blackland Community Development Corporation in our annual Christmas in October.
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Tuesday, November 17
11:15 am- 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.
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