RECA Weekly NewsWire
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February 18, 2016 In This Issue
Top Stories
Advocacy
Local News
National News
Events
Austin Tree Experts
United Heritage Credit Union
Top Stories
The mayor said he is working to build the foundation for what he hopes to build upon during the next three years that he is in office. A majority of that foundation focuses on the prominent issues the city faces, one of them being traffic. Adler has also mentioned a focus on development of the city and affordability in the future.
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One of the most popular features on BuildingATX is our periodic photo update featuring the major projects under construction in downtown Austin. There are lots of projects underway to be excited about — here’s a snapshot of what’s happening downtown as of February 2016:
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For hotel financing, it may be premature to declare the party over, but at the very least the guest list has gotten more exclusive. Summing up key takeaways from panelists at last month’s Americas Lodging Investment Summit conference, Fitch Ratings on Friday predicted "a more challenging debt financing environment" this year as lenders respond to the broad repricing of risk across most debt capital markets and new regulations.
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To see how quickly green has come into its own, according to the U.S. Green Building Council (USGBC), in 2012, 41% of non-residential building starts were green, as opposed to 2% in 2005. That is extraordinary progress in seven short years. For 2015, the USGBC anticipated 40% to 48% of new nonresidential construction would be green.
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Advocacy
People say everything is bigger in Texas, and the size of our neighborhoods proves it. Texas’s residential areas epitomize the concept of suburban living, but as the population of Austin continues to grow, we should embrace the beauty and benefits of increased urban density.
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The nearly 352,000-square-foot industrial park is soon to be located in the business-friendly climate of Stafford
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Local News
The family that purchased the land in December sent out a request for interest and qualifications on Feb. 8. The RFIQ, sent out to developers by law firm Armbrust & Brown, asks for ideas about how to turn the site into a mixed-use development.
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Austin and San Antonio have found themselves in rarified company on this year’s list of the "Best New Hotels on the Planet" from Travel & Leisure. San Antonio’s Hotel Emma and Austin’s South Congress Hotel took two of the top spots.
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The focal point of the complex is a 100,000-square-foot, 8,000-seat, Live Nation-operated amphitheater. The 18-acre complex will also feature an Alamo Drafthouse Cineplex, 100,000 square feet of office space and more than 250,000 square feet of clubs and restaurants. According to Skanska, in addition to live music performances, the complex is designed to host fashion shows, farmer’s markets and food festivals.
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Commercial real estate in North Texas is being transformed. And not just by corporate relocations, new developments, and the region’s population and job growth. The industry is seeing a seismic shift in its workforce, with baby boomers making way for Generation X and the millennials.
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National News
Stores that double as classrooms, sensory-rich environments and a rental versus a buy retail model. These are three of the five trends that shopping center developer Westfield believes will shape the future of retailing.
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"This project signals a new way of doing business at IDOT and a model for improvements throughout our system," Illinois Transportation Secretary Randy Blankenhorn said.

P3s continue to nab an increasing share of road and highway projects.
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It doesn’t matter if you’re a one-man band or a multinational brokerage firm, you still need a logo that correctly conveys your mission and leaves a lasting impression on those who see it. Well, who’d have thought that even something as basic as the shape of your logo would have an impact on how people perceive your brand? Apparently, it does.
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Bjarke Ingels Group has released a conceptual design for its latest project in New York, an office skyscraper wrapped in a ribbon of green terraces (+ movie).
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The secret to success in the green building industry is simple: Ask as many questions as you possibly can. Cultivating a "go-to" list of experts of whom you can ask these questions is a corollary to that tip. These folks may often have a specific and narrow area of expertise. Others may have something special — experience.
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Events
Thursday, March 10
7:30 am - 9:00 am

The Four Seasons Hotel
98 San Jacinto Blvd.
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