RECA Weekly NewsWire
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March 24, 2016 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
United Heritage Credit Union
Top Stories
Senior housing occupancy is at its highest level since 2007, and 2015 was a record year for sales and institutional transactions, according to CBRE
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The traditional mall has lost its appeal. There are numerous reasons why, but one of the most poignant is the resurgence of the urban center and specifically the appeal of Main Street.
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The Congressional Budget Office finds that returns on new highway construction are dwindling.
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Women in Construction Week — part of the broader Women's History Month celebration in March — kicked off this week. WIC Week aims to "highlight women as a visible component of the construction industry," according to the National Association of Women in Construction.
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Local News
After several years and two design competitions to renovate and redesign the Art Deco Seaholm Intake Building on Lady Bird Lake, the Parks and Recreation Department (PARD) is going back to the drawing board – or at least asking prospective redevelopers to do so.
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Angelenos and San Franciscans know their housing is insanely expensive, but California on the whole has some of the most expensive housing in the US, and that's driving many poor and middle-class Californians out, says a new report from Beacon Economics and released by Next 10, a nonprofit group founded by Bay Area venture capitalist.
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Competition is coming: a new survey of US investors by CBRE named Dallas the third-most-appealing market for investment in the country, behind only Los Angeles and New York.
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The low price of gas at the pump may be making American drivers happy, but the plummeting price of crude ‒ which slid more than 70% since June 2014 ‒ has been bad news for oil industry hotspots like Houston, where the energy industry downturn has had a significant impact on the local economy and commercial real estate, particularly the office sector.
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National News
Similar to the trends in office and multifamily, the retail sector is also seeing urban influences, walkability and gathering spaces being incorporated into properties.
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The hospitality industry has recognized an opportunity to appeal to Millennials and go further with the existing trends of improved hotel amenities without raising rates by simplifying individual guestrooms.
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The skyscraper, which can change colors and would house a nightclub in its "mouth," is the latest idea from an unconventional thinker.
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Storytelling, authenticity, and detail are vital to producing lifelike project artwork, according to a digital art specialist.
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Apparently there are ways of gentrifying a neighborhood that are quite groovy – and will help you avoid the ire of the locals while still cashing in on a rad business opportunity. A kinder, gentler gentrification, if you will.
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Events
Thursday, April 28
11:15 a.m. - 1:00 p.m.

Four Seasons Hotel
98 San Jacinto Blvd

Join us as we celebrate RECA's 25th anniversary with a panel discussion between the organization's founders
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