RECA Weekly NewsWire
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December 10, 2015 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
United Heritage Credit Union
Top Stories
Unless the economy tanks, Federal Reserve honcho Janet Yellen plans to raise interest rates this month, even if it means opposition within her ranks to halt seven years of near-zero rates, the Wall Street Journal reports.
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Institutional investors rarely used to invest in real estate. But with the rise of new investment structures and global commercial real estate investors, real estate now represents nearly 10 percent of institutional investment portfolios, or $6.7 trillion.
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The US is short millions of units of needed affordable housing, and KeyBank has decided its now time to make a major expansion in the sector.
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Williamson County was the 43rd-fastest growing county in the United States over the past five years, and the 19th-fastest growing county with a population of more than 10,000 in 2009, according to new data released Thursday by the U.S. Census Bureau.
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Naylor Association Solutions
Local News
Supporters of the changes, including groups from AURA to RECA and Mayor Steve Adler, said the changes will make it easier to have more housing types in Austin, and will lead to more affordable housing in the city.
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Third+Shoal is the official new name of the 29-story office tower that will be built on the site of the current Austin Music Hall.
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Though the Austin City Council voted Thursday to reaffirm its support for pursuing a legal challenge of commercial property appraisals, two council members say they have some concerns.
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The Independent, the under-construction residential building slated to be the city’s tallest structure, has completed a key land acquisition, marking the final step in its predevelopment process.
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National News
Real estate investors worried that a December rate hike in the wake of the better-than-expected November jobs report will drag down property values need not be so fearful, said Phil McAndrews, global real estate CIO at TIAA-CREF Financial Services.
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As 3-D printing makes on-demand manufacturing feasible, it will affect the supply chain, causing producers to locate closer to their major markets.
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Many older office campuses were each created to serve the needs of a single large company. With firms reducing their footprints, many campuses will only survive if redeveloped.
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As companies compete to attract the best talent possible, locating in a redeveloped building — with its character, charm, and amenities — is becoming a key part of recruitment and retention strategies.
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Events
Tuesday, December 15
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.
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Thursday, February 4, 2016
6:30 pm - 11:30 pm

JW Marriott
110 E. Second Street

RECA’s signature event, the shindig to end all shindigs, the one that started it all...KNOCKOUT NIGHT! This black-tie, fundraising gala is complete with a cocktail reception and dinner, casino gaming, entertainment and more! Sponsoring this event is a wonderful outreach opportunity to position you and your company to existing and potential customers and contacts. Proceeds from this event fund RECA's continued operations as the leading voice for commercial real estate.
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