RECA Weekly NewsWire

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Unless the economy tanks, Federal Reserve honcho Janet Yellen plans to raise interest rates this month, even if it means opposition within her ranks to halt seven years of near-zero rates, the Wall Street Journal reports.

Visit https://www.bisnow.com/national/news/economy/fed-chair-ready-to-raise-rates-in-december-53202 to view the full article online.

 
Institutional investors rarely used to invest in real estate. But with the rise of new investment structures and global commercial real estate investors, real estate now represents nearly 10 percent of institutional investment portfolios, or $6.7 trillion.

Visit http://www.forbes.com/sites/theyec/2015/11/19/four-trends-that-are-reshaping-the-commercial-real-estate-industry/ to view the full article online.

 
The US is short millions of units of needed affordable housing, and KeyBank has decided its now time to make a major expansion in the sector.

Visit http://www.globest.com/news/12_1240/cleveland/development/Unlimited-Demand-for-Affordable-Housing-363556-1.html?ET=globest:e48168:852195a:&st=email&s=&cmp=gst:National_AM_20151116:editorial to view the full article online.

 
Williamson County was the 43rd-fastest growing county in the United States over the past five years, and the 19th-fastest growing county with a population of more than 10,000 in 2009, according to new data released Thursday by the U.S. Census Bureau.

Visit http://www.bizjournals.com/austin/news/2015/12/03/mapcentral-texas-counties-among-fastest-growing-in.html?ana=e_aus_rdup&s=newsletter&ed=2015-12-03&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1449153059 to view the full article online.

 
Naylor Association Solutions
Local News
Supporters of the changes, including groups from AURA to RECA and Mayor Steve Adler, said the changes will make it easier to have more housing types in Austin, and will lead to more affordable housing in the city.

Visit http://buildingatx.com/2015/12/council-reduces-adu-restrictions-whats-next/ to view the full article online.

 
Though the Austin City Council voted Thursday to reaffirm its support for pursuing a legal challenge of commercial property appraisals, two council members say they have some concerns.

Visit http://www.mystatesman.com/news/news/local/austin-city-council-sticks-by-commercial-property-/npbz5/ to view the full article online.

 
The Independent, the under-construction residential building slated to be the city’s tallest structure, has completed a key land acquisition, marking the final step in its predevelopment process.

Visit http://www.globest.com/news/12_1252/austin/multifamily/With-Land-Purchase-High-Rise-Moves-Forward-363991-1.html?ET=globest:e48327:852195a:&st=email&s=&cmp=gst:Texas_AM_20151203:editorial to view the full article online.

 
National News
Real estate investors worried that a December rate hike in the wake of the better-than-expected November jobs report will drag down property values need not be so fearful, said Phil McAndrews, global real estate CIO at TIAA-CREF Financial Services.

Visit http://www.thestreet.com/story/13387347/1/don-t-lose-faith-in-real-estate-because-of-looming-rate-hike-tiaa-cref-strategist.html to view the full article online.

 
As 3-D printing makes on-demand manufacturing feasible, it will affect the supply chain, causing producers to locate closer to their major markets.

Visit http://www.areadevelopment.com/advanced-manufacturing/December-2015/3D-Printing-Impact-Supply-Chain-Commercial-Real-Estate-90907.shtml to view the full article online.

 
Many older office campuses were each created to serve the needs of a single large company. With firms reducing their footprints, many campuses will only survive if redeveloped.

Visit http://www.globest.com/news/12_1247/national/auctiondotcom/Why-Office-Campuses-Have-Become-Outdated-363823-1.html?ET=globest:e48270:852195a:&st=email&s=&cmp=gst:National_AM_20151125:editorial to view the full article online.

 
As companies compete to attract the best talent possible, locating in a redeveloped building — with its character, charm, and amenities — is becoming a key part of recruitment and retention strategies.

Visit http://www.areadevelopment.com/corporate-HQ-office/Q1-2015/adpative-reuse-urban-office-market-2928111.shtml to view the full article online.

 
Events
Tuesday, December 15
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.

Visit http://recaonline.site-ym.com/events/event_details.asp?id=696699 to view the full article online.

 
Thursday, February 4, 2016
6:30 pm - 11:30 pm

JW Marriott
110 E. Second Street

RECA’s signature event, the shindig to end all shindigs, the one that started it all...KNOCKOUT NIGHT! This black-tie, fundraising gala is complete with a cocktail reception and dinner, casino gaming, entertainment and more! Sponsoring this event is a wonderful outreach opportunity to position you and your company to existing and potential customers and contacts. Proceeds from this event fund RECA's continued operations as the leading voice for commercial real estate.

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

 
RECA Real Estate Council of Austin®
98 San Jancinto Blvd. Suite 510 - Austin, Texas 78701
info@reca.org | www.reca.org