Top Stories
You could be forgiven for getting used to the site of torn up roads and construction equipment in Austin. But if you’re wondering why those things have come to the East 51st Street and I-35 area, the answer is a series of improvements meant to make the interchange less unwieldy and to update the East 51st Street corridor.
Visit http://buildingatx.com/2015/07/east-51st-street-improvements/ to view the full article online.
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Advocacy
Beginning Sept. 1, HOAs will be allowed to hold board meetings electronically or by phone as long as every board member can hear and be heard and every homeowner can listen. Notice of an electronic or phone meeting must include instructions for homeowners wishing to participate.
Visit http://communityimpact.com/2015/07/08/new-law-brings-changes-for-hoas/ to view the full article online.
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Local News
General Motors has purchased a 302,604-square-foot industrial building in North Austin, a move that could grow its presence in the city.
Visit http://communityimpact.com/section/commerce/ to view the full article online.
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National News
Today, as the U.S. opens its first embassy in Havana since 1961, it is worth discussing the opportunities for investors and developers in commercial real estate in Cuba. While excitement is natural after a 55-year thaw, it must be noted that progress in most sectors will be slow, and profit will only be possible if due respect is given to the current legal, social, and environmental conditions on the island.
Visit https://www.linkedin.com/pulse/so-fast-reality-commercial-real-estate-cuba-christian-beaudoin to view the full article online.
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Major hotel brands putting money behind an owner’s choice to go with them is spurring deals and strengthening financing for those deals, Meridian Capital Group’s managing director Seth Grossman tells GlobeSt.com. As we reported in June, Grossman and Meridian VP Sarah Kuebler negotiated a $100-million bridge loan for the refinance of a six-property hotel portfolio located in Florida, Texas, North Carolina and Minnesota, on behalf of a Los Angeles-based private-equity fund.
Visit http://www.globest.com/news/12_1143/sandiego/hotel/Meridian-Capital-Group-Arranges-100M-For-Hotel-Portfolio-359377-1.html to view the full article online.
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Events
Date: 8/12/2015 Time: 8:00 am - 1:30 pm JW Marriott 110 E 2nd St In addition to the traditional Mid-Year Economic Forecast lunch, our newly expanded program includes a new keynote transportation breakfast followed by new educational breakout sessions covering hot topics in the commercial real estate industry. Register for the entire half-day or just the breakfast or lunch - no matter what, the educational breakout sessions are included. Sponsorship opportunities are also still available.
Visit http://www.reca.org/events/event/mid-year-economic-forecast-635147 to view the full article online.
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Date: 8/26/2015 Time: 5:30 pm - 7:30 pm Urbanspace 801 W 5th St #100 REAL YP events are for members only... but this is your chance to bring anyone who might be interested in becoming a RECA member! Enjoy some snacks and beverages while you mingle with other young professionals.
Visit http://www.reca.org/events/event/real-yp-recruitment-party-637588 to view the full article online.
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Date: 8/27/2015 Time: 2:00 pm - 3:00 pm Online Webinar: This webinar serves as a great introduction to the Argus Valuation software for those who have little or no previous experience with the software, or for those who are interested in how it works. The presenters will take it slow - starting with what you see when you first open the program. They'll take you through how to build an ARGUS model "from scratch" - without relying on the ARGUS Wizard or an existing template. The presenters will then explain the initial set up of the Property Description pages and introduce the various ways that the Argus software can assist anyone in the valuation of any commercial real estate property.
Visit http://www.reca.org/events/event/webinar--an-introduction-to-argus-valuation-659631 to view the full article online.
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