Archive for October, 2016

Commercial property forecasters fret about an industry slowdown, possible recession ahead.

By Steve Brown and the Dallas Morning News Prospects for the 2017 U.S. commercial property still market look good, to hear the majority of real estate folks tell it. Certainly Dallas is in the biggest building boom it’s seen in almost three decades. But a lot of the industry’s executives are looking over their shoulders, fretting about everything from rising…read more →

Construction jobs help Texas post biggest monthly employment gains since December 2014

By Jill Cowan and the Dallas Morning News After several months of slowing that economists largely attributed to the ripple effects of the oil bust, Texas’ economic engine was firmly back on track in September, adding 38,300 jobs, the state reported on Friday morning — the state’s highest gain in almost two years. According to the Texas Workforce Commission, the last…read more →

Construction kicks off on $1.5 billion Frisco Station project.

By Steve Brown and the Dallas Morning News Construction has started on the first building in the biggest development in Frisco’s much-touted $5 billion mile of projects. The 242-acre Frisco Station project wraps around the Dallas Cowboys’ new headquarters and practice facilities on Warren Parkway just west of the Dallas North Tollway. Work begin Tuesday morning on a seven-story office…read more →

Virgin’s Richard Branson breaks ground for Dallas hotel with hat, horse, and Dirk Nowitzki handshake.

By Karen Robinson-Jacobs and the Dallas Morning News Sir Richard Branson, who launched a travel and entertainment network that spans oceans, began putting his stamp on North Texas on Monday with the official ground-breaking for Virgin HotelsDallas.  And in a nod to the region’s cowboy roots, he rode in on a horse. Accompanied by a beauty queen. Construction on the…read more →

Homebuilding forecast: Another strong year for Dallas home building and jobs in 2017

By Steve Brown and the Dallas Morning News Dallas area homebuilders can look forward to another strong year of housing demand and job growth in 2017, according to one of the country’s top housing economists. “Dallas continues to be one of the best markets in the country,” said Jeff Meyers, president of Meyers Research. “This is really the number one housing…read more →

Labor constraints keep a lid on D-FW home starts

By Steve Brown and the Dallas Morning News Labor constraints and rising construction costs held back North Texas homebuilders in the most recent quarter. Home starts fell slightly from a year ago as the median price of houses sold in the Dallas-Fort Worth area jumped more than 13 percent in the 3-month period ending in September. “Builders continue to share with…read more →

DART seeking developers for Mockingbird Station properties.

By Steve Brown and the Dallas Morning News Mockingbird Station was Dallas’ first transit-oriented development. Now the commuter rail line that made Mockingbird Station a success is offering a major development opportunity next door. Dallas Area Rapid Transit has hired a commercial real estate broker to find a developer to build on 11 acres of parking lots it has at…read more →

Final phase of State Farm’s mammoth Richardson campus opens its doors.

By Steve Brown and the Dallas Morning News After three years of construction, work is finally done on the huge State Farm Insurance campus in Richardson. Developer KDC said Wednesday that it’s finished construction on the fourth and final tower in the project at Plano Road and Bush Turnpike. The State Farm towers contain 2.1 million square feet, making it…read more →

Dallas-area apartment rents at all-time high.

By Steve Brown and the Dallas Morning News A huge demand for new apartments in North Texas has pushed rents and building occupancy levels to an all-time high. Dallas-Fort Worth apartment rents jumped by an average of 7.1 percent in the third quarter from a year ago. Previously rents in the area had never seen an average annual increase of…read more →