RECA Weekly NewsWire
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January 21, 2016 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
United Heritage Credit Union
Top Stories
A $2 billion highway in Arizona, a $1 billion tunnel in Seattle, a $4 billion LNG liquefaction facility in Louisiana, a $2 billion light rail extension in Canada — all of these projects fall under the category of "mega." The U.S. Federal Highway Administration defines megaprojects as major infrastructure projects that cost more than $1 billion, but in that definition, the FHWA includes large-cost projects that attract a great deal of public attention or political interest because of community, environment or budgetary impacts.
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Sen. Kirk Watson and Austin mayor Steve Adler, along representatives from developer Aspen Heights, CIM Group and Constructive Ventures, and an estimated crowd of 250, helped break ground for The Independent.
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Business travelers looking for a home on the road will have lots of new choices this year, as a building boom gives rise to hundreds of new hotels from New York to Houston to Los Angeles.
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Forbes just released its 2016 "30 Under 30" list, featuring 600 rising stars across 20 sectors who still haven't hit the big 3-0. But who are the up-and-coming superstars in commercial real estate?
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Naylor Association Solutions
Local News
An engineer who inspected damage across North Texas after Saturday’s deadly tornadoes says he saw "rampant irresponsibleness" in the way many homes and buildings were constructed.
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Wanted: Creative space close to downtown with a one-of-a-kind vibe near cool restaurants and bars. Prefer weird factor. Signed, Handsome.
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Riverside Resources Inc. of Austin has started work on a 100-acre mixed-use shopping center in Cedar Park that will bring new retail and office space to a rapidly growing slice of the suburbs.
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There are 10 major office buildings set to deliver in Houston this year and two next year. Of these projects, four haven't signed any tenants. The projects span across all submarkets, but Westchase and the Central Business District house the largest developments.
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National News
Insiders predicting more real estate defaults, and e-commerce outdoing brick-and-mortar have everyone wondering: What is the future of retail?

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Over the next two decades, demand for rental apartments will likely continue to be strong, if current homeownership rates remain where they are or improve only modestly.
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The commercial lending market will be rife with opportunities, but investors as well as lenders likely will face a slight change in attitude this year.
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Not every Millennial can afford to live in an Uptown luxury condo. For those who want the urban lifestyle without the price tag, there are appealing alternatives to big cities.

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Scientists at the Swiss Federal Laboratories for Materials Science and Technology (EMPA) said they have developed a super absorbing polymer (SAP) that, when introduced to a concrete mix, resists the flaking, splitting and chipping that normally occurs at high temperatures, Gizmag reported. They’ve applied for a patent for their new process.
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Events
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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