RECA Weekly NewsWire

Real Estate Council of Austin®

Austin Tree Experts
United Heritage Credit Union
Top Stories
The U.S. property market landscape in 2016 will appear similar to that of 2015, with a number of interwoven aspects that bode well for savvy investors who can step out in front of ongoing, and in some cases intensifying, economic, demographic and technological trends.

Visit http://nreionline.com/finance-investment/commercial-real-estate-2016-six-trends#slide-0-field_images-1835751 to view the full article online.

 
The National Center for Education Statistics expects enrollment rates to grow in 2016, which will boost demand for student housing, which is looking more like Class-A luxury every day.

Visit https://www.bisnow.com/national/news/commercial-real-estate/everything-you-should-know-about-student-housing-in-2016-54972?rt=6101 to view the full article online.

 
A swanky new condo building rising 35 stories is set to break ground in the Rainey Street district. 70 Rainey will include a street-level restaurant and garage that will accommodate some public parking.

Visit https://www.bisnow.com/austin-san-antonio/news/multifamily/upscale-tower-set-for-groundbreaking-in-rainey-district-54931 to view the full article online.

 
With the high pace of downtown development and a new major project seemingly breaking ground each week, the Austin skyline of mid-2018 will be vastly different from what we see now.

Visit http://www.bizjournals.com/austin/blog/real-estate/2016/01/first-look-what-will-austins-skyline-be-like-in.html to view the full article online.

 
Naylor Association Solutions
Local News
A tower crane was assembled this weekend at the Hyatt House project located at 901 Neches. Crews started excavation and site prep work on the site in October of 2015. Today, crews were on site finishing up the assembly of the tower crane which will help facilitate construction of the 10-story building.

Visit http://buildingatx.com/2016/01/crane-watch-hyatt-house-downtown/ to view the full article online.

 
Austinites will be getting a new hike-and-bike bridge over Barton Creek and Loop 360. The bridge will parallel MoPac and create a way to get from south Austin downtown without a car.

Visit https://www.bisnow.com/austin-san-antonio/news/commercial-real-estate/new-bridge-brings-relief-to-austin-commuters-54928 to view the full article online.

 
The larger question — why the area is getting so many upscale units and not more within reach of people who earn below Austin’s median family income of $55,216 — is more complex and much discussed in a region grappling with a housing affordability problem.

Visit http://www.mystatesman.com/news/business/market-forces-keep-squeezing-austin-area-apartment/np4kz/?icmp=statesman_internallink_referralbox_free-to-premium-referral to view the full article online.

 
The design for CHI St. Luke’s Health–Baylor St. Luke’s Medical Center’s design for its $1.1-billion medical campus featuring one of the country’s top medical schools, a world-renowned cardiovascular research institute and a nationally recognized hospital that cares for the most complex cases, has been unveiled.

Visit http://mcdmag.com/2015/12/baylor-st-lukes-unveils-design-for-first-of-its-kind-medical-campus/#.VpkWqE0VFtR to view the full article online.

 
National News
From where we stand, 2015 has been an exciting year for architecture. From the opening of Zaha Hadid's cliff-side Alpine museum, to the ongoing controversy surrounding Herzog & de Meuron Parisian tower and Tokyo's 2020 Olympic stadium. But what feats of construction and design have we got to look forward to in 2016?

Visit http://www.cnn.com/2015/12/21/architecture/most-anticipated-buildings-of-2016/index.html?utm_content=bufferc4f1d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer&utm_term=Construction%20Dive to view the full article online.

 
Construction startups are hot and getting hotter. In an industry notorious for late adoption of technology, apps and innovative devices abound — and there doesn’t seem to be any sign of retreat. So the question remains: What is it about the construction industry that is generating so much excitement in the startup world?

Visit http://www.constructiondive.com/news/a-startup-is-born-why-construction-startups-are-capturing-major-industry/412072/ to view the full article online.

 
I want to broach a subject today that is painful for me. I love our industry – almost everything about it – the people, the pace, the financial rewards, the freedom and flexibility. And most of all, helping business owners achieve their dreams with commercial real estate.

But I have witnessed some practices that are scary and self-serving

Visit http://www.ocregister.com/articles/broker-699129-building-most.html to view the full article online.

 
The up cycle we’re enjoying is unlike any we’ve ever experienced. There are forces at play that are unique to the times, and challenge each of us to respond in different ways. Indeed, these are good times, redefined, brought into high-definition, so to speak, in three areas directly impacting our business: the nature of opportunity, the oddity of our economy and the growing threat of terrorism.

Visit http://nreionline.com/property-management/good-times-redefined to view the full article online.

 
Events
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.

 
Thursday, March 10
7:30 am - 9:00 am

The Four Seasons Hotel
98 San Jacinto Blvd.

Visit http://recaonline.site-ym.com/events/EventDetails.aspx?id=760998 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