RECA Weekly NewsWire

Real Estate Council of Austin®

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RECA’s Membership Committee has set an ambitious goal to achieve 2,016 members by the end of 2016. That would mark the most members RECA has had in its 25-year history, and would serve as a truly historic moment and proud accomplishment for the association.

Visit http://www.reca.org/blog/post/help-reca-achieve-2016-members-in-2016 to view the full article online.

 
Austin Energy officials have proposed a revised rate structure for the city-owned electric utility; mid-sized businesses would see the most savings.

Visit http://www.bizjournals.com/austin/news/2016/01/26/austin-energy-wants-to-cut-businesses-electric.html?ana=e_aus_rdup&s=newsletter&ed=2016-01-26&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1453817677 to view the full article online.

 
Although the delivery method debate has typically been dominated by design-bid-build and design-build, a new method has been creeping into the narrative and demonstrating successful results: integrated project delivery (IPD).

Visit http://www.constructiondive.com/news/integrated-project-delivery-a-new-way-of-thinking-with-potential-to-reva/412760/ to view the full article online.

 
Conducted among industry members ranging from job candidates to managers and HR executives, SelectLeaders’ survey found that 67% of respondents believe the "pace of business" and their associated amount of work and output rose last year. Similarly, 75% predict that the pace of hiring will either remain the same or decrease this year.

Visit http://www.globest.com/news/12_1285/national/employment/Business-Pace-Revs-Up-Hiring-Not-So-Much-365340-1.html to view the full article online.

 
Local News
The 14.3-acre tract owned by Central Health, where University Medical Center Brackenridge currently sits, is one step closer to redevelopment after the Central Health Board of Managers adopted the Brackenridge Campus Plan on Jan. 27.

Visit http://buildingatx.com/2016/01/brackenridge-campus-master-plan-moves-forward/ to view the full article online.

 
It’s been several months since any details about 70 Rainey have surfaced, but it’s starting to look as though a groundbreaking might be near.

Visit http://buildingatx.com/2016/01/70-rainey-groundbreaking-could-happen-soon/ to view the full article online.

 
Austin-based Forestar Group said Thursday it's getting out of the apartment development business. The company has enlisted CBRE Group Inc. to market Eleven, the most high-profile apartment project it built in Austin, near 11th Street and I-35 just east of downtown.

Visit http://www.bizjournals.com/austin/blog/real-estate/2016/01/forestar-simplifies-strategy-eleven-apartments.html?ana=e_aus_rdup&s=newsletter&ed=2016-01-29&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1454078110 to view the full article online.

 
"Construction is a large and strong segment of the market that no one is talking about," Finger said. "If all of this stops, these construction workers, they’ve got to go to another city."

Visit http://www.bizjournals.com/houston/morning_call/2016/01/marvy-finger-houston-construction-industry-faces.html?ana=e_aus_real&s=newsletter&ed=2016-01-28&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1453997870 to view the full article online.

 
National News
Colliers International Group says this year will bring continued strong demand for medical office space and strengthened investor appetite driven by higher yields, low interest rates and stable tenants. The firm’s 2016 Healthcare Marketplace research report also indicates that the retail sector can expect to a boost in medical office leasing as clinics and urgent care centers take space in shopping centers where traditional brick and mortar retailers have left vacancies.

Visit http://www.globest.com/news/12_1287/national/medical_office/Colliers-Medical-Office-is-Very-Healthy-365399-1.html?ET=globest:e48773:852195a:&st=email&s=&cmp=gst:National_AM_20160127:editorial to view the full article online.

 
Crelow is not a listings website, nor does it eliminate the commercial brokerages from the equation.

Visit http://www.globest.com/news/12_1287/national/office/An-Uber-for-Office-Space-365412-1.html?ET=globest:e48773:852195a:&st=email&s=&cmp=gst:National_AM_20160127:editorial to view the full article online.

 
As an idea that was developed fairly early on in the movement for sustainability, and picked up significant traction a few years into the new millennium, "Design for Deconstruction" has been around for some years. Yet still, considered on the scale of building lifespans, the idea is still in its infancy, with few opportunities to test its principles. In this post originally published on Autodesk's Line//Shape//Space publication as "Recycled Buildings or Bridges" Designing for Deconstruction Beyond Adaptive Reuse," Timothy A Schuler looks at the advances that have been made, and the challenges that still face, the design for deconstruction movement.

Visit http://www.archdaily.com/780427/the-avant-garde-of-adaptive-reuse-how-design-for-deconstruction-is-reinventing-recycling to view the full article online.

 
For property owners and managers, Radon Action Month is the perfect time to reconsider radon concerns. Radon assessments can be done easily and inexpensively, and many effective solutions are available to reduce radon levels to safe levels to protect occupants from health impacts, and protect themselves from regulatory action or ligation risks!

Visit http://www.globest.com/sites/globest/2016/01/20/its-national-radon-action-month/ to view the full article online.

 
The de-icing concrete uses an electrical current to generate heat to keep roads safer during winter storms.

Visit http://www.bdcnetwork.com/new-concrete-can-make-roads-sidewalks-safer-melting-ice-and-snow?eid=328250481&bid=1295138 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