By Steve Brown and the Dallas Morning News North Texas new home sales rose 14 percent in the fourth quarter from a year earlier. But even with strong demand, Dallas-Fort Worth builders couldn’t break the 30,000-home start barrier in 2016. Builders started 29,337 new homes in the area last year — an increase of only about 5 percent from 2015 levels, according…read more →
Texas experienced a net gain of out-of-state residents in 2015, with 107,689 more people moving to Texas than Texas residents moving out of state. This is a 4 percent increase in the net gain of Texas residents from 2014 (103,465 residents). The total number of residents moving to Texas from out of state in 2015 increased 2.8 percent year-over-year to…read more →
By Steve Brown and the Dallas Morning News StreetLights Residential is working on a more than 400-unit apartment and shopping center development across the street from the Inwood/Love Field DART rail station off Maple Avenue. The planned development would occupy more than 4 acres at Denton and Hudnall drives just east of Maple. The property is now occupied by a…read more →
By Steve Brown and the Dallas Morning News One of Rockwall’s highest-profile developments has been purchased by a Dallas-based investment and development group. PegasusAblon has bought The Harbor development on Lake Ray Hubbard with plans to upgrade the property. PegasusAblon acquired the 130,000-square-foot retail and restaurant portion of The Harbor and land for additional construction. “The Harbor is one of…read more →
By Steve Brown and the Dallas Morning News What a year — 2016 saw a string of all-time highs in the North Texas real estate market. Record commercial property sales. Record home prices. Construction cranes sprouting across the horizon. This year has been like a flashback to the 1980s boom, but without the crooked savings and loan money and development…read more →
By Steve Brown and the Dallas Morning News The Dallas area is ranked as the top housing market in the country in a new report by mortgage giant Freddie Mac. Dallas, Nashville and Honolulu are at the head of a list of cities that have seen the most housing market improvement, according to a just-released market report by the Washington,…read more →
By Steve Brown and the Dallas Morning News Another high-rise is on the way on Uptown’s booming McKinney Avenue. Developers have received the go-ahead to build an 18-story apartment tower at McKinney and Boll Street. The rental project would be built on the site of the Idle Rich Pub. “The building will have a restaurant on the ground floor and a…read more →
By Steve Brown and the Dallas Morning News A Dallas developer is catching a ride on the collector car craze. Fred Gans builds condos for cars. His Garages of Texas constructs and sells high-end storage space for people who dote on their vehicles. “These guys own a lot of cars and often have them scattered in different locations,” said Gans,…read more →
From Bloomberg News and Investors Business Daily For John Bull, a Portland, Ore.-based contractor who specializes in self-storage centers, a typical day entails supervising a crack, 10-person crew that uses light-gauge steel and screw guns to build 100,000-square-foot monuments to American materialism. They can finish one every four months, but these days that’s just not fast enough. Bull’s services are in high-demand — so much…read more →
Full article by Candace Carlisle and the Dallas Business Journal As Frisco’s land costs skyrocket and the city matures as a North Texas housing market, builders have filed fewer housing permits in the past few months, which means fewer homes under construction in the city limits. And for the first time in city history the median price for a new…read more →
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