RECA Weekly NewsWire

Real Estate Council of Austin®

Top Stories
Construction activity around downtown Austin doesn’t seem to be slowing down anytime soon, and sometimes it can be hard to keep track of all the projects that are underway.

Visit http://buildingatx.com/2015/02/downtown-construction-update-feb-2015-photos/ to view the full article online.

 
The fastest-growing metro areas in the United States year over year in 2014 – including both employment growth and GDP per capita growth combined – were (in order beginning with the strongest): Austin, Houston, Raleigh, Fresno and Dallas.

Visit http://www.cpexecutive.com/headlines/economy-watch-u-s-world-metro-areas-economic-growth-vastly-uneven/1004111795.html to view the full article online.

 
Now that 2015 is well underway, CodeNEXT is launching into its next phase, which will include working group meetings to address affordability, "missing middle" housing, and obstacles for small businesses.

Visit http://buildingatx.com/2015/01/whats-next-for-codenext/ to view the full article online.

 
Advocacy
Texas Senate leaders on Tuesday made a commitment to $4 billion in tax relief a clear priority in their budget, along with border security and transportation funding.

Visit http://www.bizjournals.com/austin/blog/abj-at-the-capitol/2015/01/tax-relief-transportation-top-senate-budget.html?ana=e_du_pub&s=article_du&ed=2015-01-27&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1422634990 to view the full article online.

 
The West Lake Hills City Council agreed Jan. 14 to negotiate a $45,000 contract, or $4,500 a month from January through October, with Focused Advocacy for its legislative services. The city successfully worked with Focused Advocacy President Brandon Aghamalian twice before—to pass a house bill regarding fire flow and to help secure funding for the Bee Caves Road expansion.

Visit http://impactnews.com/austin-metro/lake-travis-westlake/west-lake-hills-city-council-approves-money-for-legislative-/?utm_source=+Recycle+ad%3A+Community+Impact+Newsletter%2C+Jan+22%2C+2015+AUS&utm_campaign=Jan+22%2C++2015+AUS&utm_medium=email to view the full article online.

 
Naylor, LLC
Naylor Association Solutions
Local News
5th + Colorado is an 18-story office building from Lincoln Property Company currently under construction in the Warehouse District. When complete, there will be 179,000 rentable square feet of office space available.

Visit http://buildingatx.com/2015/02/crane-watch-5th-colorado/ to view the full article online.

 
Joining forces with a top firm is one way for a commercial real estate services firm to facilitate a nationwide expansion plan, and Lee & Associates has done just that.

Visit http://www.cpexecutive.com/regions/southwest/lee-associates-checks-houston-off-its-expansion-list/1004112038.html?utm_source=WhatCountsEmail&utm_medium=CPE%20Weekly&utm_campaign=CPE%20Weekly%20Newsletter to view the full article online.

 
Internet job search company Indeed said Wednesday it’s planning a surge of growth that could add 1,000 employees to its staff, and is moving to a larger campus in Northwest Austin to get ready for the expansion.

Visit http://www.mystatesman.com/news/business/austins-indeed-has-major-growth-plans-moving-to-ne/njyrX/%20-%2025c87188.3594047.735627 to view the full article online.

 
At many U.S. banks, such as Bank of America (NYSE: BAC ) and Wells Fargo (NYSE: WFC ) , the dramatic plunge in oil prices over the past few months won't have a significant impact on stock prices. Those two banks are huge, diversified, and hedged against volatile commodities.

Other banks aren't so lucky. One of those is Prosperity Bancshares, headquartered in Houston, with its $21 billion in total assets.

Visit http://www.fool.com/investing/general/2015/01/31/the-worst-is-yet-to-come-for-this-bank.aspx to view the full article online.

 
National News
A|P Companies, a Miami-based real estate company is expanding its apartment holdings in Georgia and Texas with the acquisition of six Class A multi-family communities for more than $200 million.

Visit http://www.cpexecutive.com/regions/southeast/atlanticpacific-cos-expands-national-footprint-with-m-f-buy-in-georgia-texas/1004111570.html to view the full article online.

 
We believe these increases are the direct result of corporate real estate professionals assuming more strategic roles and taking on more leadership positions," says CoreNet Global’s Angela Cain.

Visit http://www.globest.com/news/12_1034/national/corporate_real_estate/Corporate-RE-Execs-Paid-More-Valued-More-354749.html to view the full article online.

 
A $2 million share of the tax-free Liberty bonds being used to finance Silverstein Properties’ 3 World Trade Center in Lower Manhattan is being offered by crowdfunding platform Fundrise.

Visit http://nreionline.com/finance-investment/will-crowdfunding-attract-private-investors-3-wtc to view the full article online.

 
Auction.com, LLC, the nation's leading online real estate marketplace, has expanded its highly successful hospitality business with the formation of a new division focused specifically on the sale of hotel properties.

Visit http://www.prnewswire.com/news-releases/auctioncom-introduces-national-hospitality-division-300026034.html to view the full article online.

 
Events
Date: 2/19/2015

Time: 6:00 pm - 11:00 pm

JW Marriott

Visit http://www.reca.org/events/event/knockout-night-471224 to view the full article online.

 
This webinar will provide professionals who are new to the commercial real estate industry or those who are interested with a basic overview of the commercial development process.

Visit https://education.reca.org/index.cfm?pg=semwebCatalog&panel=showLive&seminarid=5950 to view the full article online.

 
RECA Real Estate Council of Austin®
98 San Jancinto Blvd. Suite 510 - Austin, Texas 78701
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