RECA Weekly NewsWire
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October 6, 2016 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Professional Janitorial Service of TX
Top Stories
While many fear the end of the current economic cycle, the fact that the recovery was so protracted leads me to believe that we may have another two years left in the current growth cycle.
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As retailers that have traditionally served as mall anchors, be they department store chains or big-box players, announced major store closings this year, co-tenancy clauses have become an area of risk in a shaky market.
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Two-thirds of building owners surveyed also said that health considerations affect how they design and construct buildings. Sixty-nine percent of owners who measure employee satisfaction and engagement reported improvement in both attributes due to their healthier building investments. These findings are included in the report, "The Drive Toward Healthier Buildings 2016."
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Boston Federal Reserve President Eric Rosengren has recently expressed concern about leaving the interest rate at its current low level for too long, potentially creating asset price bubbles. He had singled out the commercial real estate sector in particular, according to an article in the Wall Street Journal.
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Local News
Austin Proper Residences will include 244 hotels rooms and a limited collection of 99 residences and penthouses atop the Austin Proper Hotel.
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Developers have doubled the size of the entertainment and retail portion of the project to 200,000 square feet, and they have accelerated the construction schedule for the 300-room hotel and 35,000-square-foot convention center also planned for the site so that all three components will be complete in time for the 2018 Major League Baseball season.
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National News
Windows, desks and employees are being wired up in a quest to create healthy, evidence-based environments.
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The latest efforts are attempts to temper skyrocketing rents, especially as more tech jobs flood into cities outside of Silicon Valley. Over the last five years, Bay Area rents have more than doubled, including in the cities considering rent control measures, the San Francisco Chronicle reports.
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The cascading staircases of the architect's Escher-like creation are coming to Hudson Yards.
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The Sacramento Kings announced Thursday that their new downtown arena had been certified LEED Platinum by the U.S. Green Building Council, "the highest level of global recognition for environmentally conscious buildings and organizations." The team said Golden 1 will be the first indoor arena to achieve that status.

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Events
Date: 10/11/2016
Time: 11:15 am - 1:00 pm
JW Marriott
110 E 2nd Street

The November transportation bond... the MoPac Express Lanes... Mobility35... It's a lot of projects with a lot of names, but are all these initiatives really going to get Austin moving again? In this special Ideas Forum with our partner CTCAR, get the latest updates from local and regional transportation leaders and how they're coordinating to improve mobility in Central Texas. Do you have any questions you want the panelists to cover? Email ryan.poulos@reca.org.
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10/22/2016
8:00 am - 12:00 pm
Sammys House
2415 Twin Oaks Drive

Make a donation below, contribute your talents and pool your resources with other RECA members to benefit Sammy’s House in our annual Christmas in October.
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11/3/2016
11:00 am - 6:00 pm

Avery Ranch Golf Club
10500 Avery Club Drive
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