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 […]
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.
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 […]
Multifamily Housing Prospects in DFW
In June 2013, Greg Williams, national leader of KPMG LLP’s real estate division, predicted North Texas would be a major target for real estate investors due to the projected growth in the area. Almost a year later, that prediction seems to have been prophetic. According to Marcus & Millichap’s 2014 Annual Report, the multifamily market has shown a 40 percent increase in transaction velocity. The Q4 2013 report compiled by CBRE showed a 92% occupancy rate for existing multifamily units […]