All posts by Chan Patel

Texas Receives Area Development Magazine Award

The Houston Business Journal has reported that Texas has received yet another award touting our business climate — the 2015 Gold Shovel Award from Area Development Magazine. Billions of dollars in new development and the relocation of Toyota’s headquarters to Plano — along with some 4000 jobs — were among the contributing factors to our state’s ongoing business success. JGC American Inc. also plans to add roughly 1000 jobs for its new Westchase location in Houston. Of course, the concerns over […]

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We’re No. 1

This article at the Dallas Morning News proves what we at the State Bank of Texas have long known: Texas is the best place in the country to do business. Sean Lester writes, “Despite the state of Texas’ recent decline in job creation, the Lone Star state appears to still be the country’s top destination for doing business and creating business opportunity.”

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State Bank of Texas Continues Growth

State Bank of Texas had a remarkable 2014. In October, we assumed all of the deposits of the National Republic Bank of Chicago (NRB), acquiring them by entering into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC). With this move, State Bank of Texas acquired approximately $954.4 million in total assets and $915.3 million in total deposits. In addition to assuming all of the deposits of The National Republic Bank of Chicago, State Bank of Texas […]

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Major moves in DFW commercial real estate

The commercial real estate market in North Texas is thought to be notoriously volatile, and several recent events have proved that true. Yet even with falling oil prices, and a mixture of good and bad news, the overall picture remains positive.

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Expanding on expansion in Frisco

Mixed use developments are areas designed to blend residential, retail and office/commercial spaces in a pedestrian-friendly environment. And they’ve done very well in the Dallas area. In Uptown, the West Village opened in 2001, and has been booming ever since. Starting at 125,000 square feet, it will soon grow to over 250,000 square feet, with shops and entertainment and rubbing elbows with offices and condos. In Plano, the Shops at Legacy are a similar success. Its been estimated that some […]

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How to have a happy staff during the holidays

This time of year is meant to be a delight. Texas welcomes cooler temperatures, and people all across the country welcome family and friends. But if you work in the hospitality industry, it can also be a time of incredible stress. Your employees are feeling it as well. They are worried about finding the time and money for gift shopping, or about fixing meals and entertaining relatives. Here are some simple, concrete steps you can take to ensure they are […]

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More good news for the construction industry

Universities all over the United States were, like other institutions, hit by the recession. But as the recovery continues, university finances are doing so as well. Which means construction projects that were put on hold are now roaring to life. Private universities are leading the way, not being dependent on state budgets. Yale, with its generous donors, has raised $500 million dollars to construct two new residential colleges. Massive projects are similarly underway at Notre Dame. And Texas, of course, is building […]

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Texas Job Growth Continues

Construction Equipment

The business climate in Texas must be tempting. And the Texas Workforce Commission has the numbers to prove it. In October, Texas added over 35,000 new seasonally-adjusted jobs, bringing the yearly total up to nearly 422,000 total. And the good news doesn’t stop there. The state unemployment rate also fell from 5.2 percent to 5.1 percent. Altogether, Texas has set the record for adding jobs for three months in a row. Texas Workforce Commission Chair Andres Alcantar is reported to […]

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Dallas Planning A $250M Expansion of Kay Bailey Hutchison Convention Center

Kay Bailey Hutchison Convention Center, Dallas

Dallas is apparently planning a major expansion of the Kay Bailey Hutchison Convention Center in downtown. Dallas Business Journal reports that the expansion will be paid for by a 2 percentage point increase in Dallas’ hotel occupancy tax, bringing the city’s overall hotel occupancy tax up to 17%. The Convention Center is already quite large — nearly a quarter-mile in length!?! So, an expansion would make the place gargantuan!

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The Crescent About To Renovate

Dallas’ Crescent hotel and mixed-use center is about to undergo a $62.5 million renovation — Crescent Property Services LLC company is planning to spend $27.5 million to upgrade the 1.3 million-sq-ft mixed-use shopping center and offices located at the intersection of McKinney Avenue and Pearl Street in Dallas’ upscale Uptown district, and Rosewood Crescent Hotel will undertake an additional $35 million worth of renovations and upgrades on the hotel/spa/club.

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