RECA Weekly NewsWire

Real Estate Council of Austin®

Austin Tree Experts
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Top Stories
Senior housing occupancy is at its highest level since 2007, and 2015 was a record year for sales and institutional transactions, according to CBRE

Visit http://www.bdcnetwork.com/senior-housing-sector-experiences-record-setting-year-says-cbre to view the full article online.

 
The traditional mall has lost its appeal. There are numerous reasons why, but one of the most poignant is the resurgence of the urban center and specifically the appeal of Main Street.

Visit http://www.globest.com/sites/paulbubny/2016/03/09/from-food-courts-to-food-halls/?kw=From%20Food%20Courts%20to%20Food%20Halls&cn=20160309&pt=National&src=EMC-Email&et=editorial&bu=REM&slreturn=20160209083805 to view the full article online.

 
Women in Construction Week — part of the broader Women's History Month celebration in March — kicked off this week. WIC Week aims to "highlight women as a visible component of the construction industry," according to the National Association of Women in Construction.

Visit http://www.constructiondive.com/news/bridging-the-gap-7-women-construction-leaders-share-how-to-thrive-in-the-m/415167/ to view the full article online.

 
Local News
After several years and two design competitions to renovate and redesign the Art Deco Seaholm Intake Building on Lady Bird Lake, the Parks and Recreation Department (PARD) is going back to the drawing board – or at least asking prospective redevelopers to do so.

Visit http://buildingatx.com/2016/03/back-to-the-drawing-board-for-seaholm-intake-redevelopment/ to view the full article online.

 
Angelenos and San Franciscans know their housing is insanely expensive, but California on the whole has some of the most expensive housing in the US, and that's driving many poor and middle-class Californians out, says a new report from Beacon Economics and released by Next 10, a nonprofit group founded by Bay Area venture capitalist.

Visit http://la.curbed.com/2016/3/4/11161626/california-housing-costs-migration to view the full article online.

 
Competition is coming: a new survey of US investors by CBRE named Dallas the third-most-appealing market for investment in the country, behind only Los Angeles and New York.

Visit https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/best-to-invest-dallas-ranks-high-in-new-survey-57145 to view the full article online.

 
The low price of gas at the pump may be making American drivers happy, but the plummeting price of crude ‒ which slid more than 70% since June 2014 ‒ has been bad news for oil industry hotspots like Houston, where the energy industry downturn has had a significant impact on the local economy and commercial real estate, particularly the office sector.

Visit http://www.forbes.com/sites/elyrazin/2016/03/09/houston-we-have-a-problem-how-dwindling-oil-prices-hurt-houstons-commercial-real-estate-market/#251511a339a2 to view the full article online.

 
National News
Similar to the trends in office and multifamily, the retail sector is also seeing urban influences, walkability and gathering spaces being incorporated into properties.

Visit http://www.globest.com/sites/carrierossenfeld/2016/02/26/urban-social-spaces-permeate-retail-as-well/?kw=Urban%2C%20Social%20Spaces%20Permeate%20Retail%20as%20Well&cn=20160226&pt=National&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
The hospitality industry has recognized an opportunity to appeal to Millennials and go further with the existing trends of improved hotel amenities without raising rates by simplifying individual guestrooms.

Visit http://www.globest.com/sites/carrierossenfeld/2016/02/26/tracking-the-rise-of-microhotels/?kw=Tracking%20the%20Rise%20of%20Microhotels&cn=20160226&pt=National&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
The skyscraper, which can change colors and would house a nightclub in its "mouth," is the latest idea from an unconventional thinker.

Visit http://www.bdcnetwork.com/russian-architect-vasily-klyukin-unveils-design-asian-cobra-tower?eid=328250481&bid=1332712 to view the full article online.

 
Storytelling, authenticity, and detail are vital to producing lifelike project artwork, according to a digital art specialist.

Visit http://www.bdcnetwork.com/5-tips-creating-photorealistic-architectural-renderings to view the full article online.

 
Apparently there are ways of gentrifying a neighborhood that are quite groovy – and will help you avoid the ire of the locals while still cashing in on a rad business opportunity. A kinder, gentler gentrification, if you will.

Visit http://www.seattleglobalist.com/2016/03/03/new-quiz-gentrification-are-you-doing-it-right/48276 to view the full article online.

 
Events
Thursday, April 28
11:15 a.m. - 1:00 p.m.

Four Seasons Hotel
98 San Jacinto Blvd

Join us as we celebrate RECA's 25th anniversary with a panel discussion between the organization's founders

Visit http://recaonline.site-ym.com/events/EventDetails.aspx?id=780998 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