t2 Blog

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 →

Geo-tagging will allow a developer to take a picture of a building on their phone and find out the details of all those who collaborated on it

Full Article from Smartcitiesworld.net A new property tech start-up is aiming to make it much easier for property developers and corporations to connect with construction and design professionals. Industry Hub allows all of those involved in providing services to the property and construction industry to set up profile pages to showcase their work and talents. This data is then used…read more →

D-FW, Portland lead country in home price gains at more than twice national rate

Steve Brown and the Dallas Morning News Dallas-Fort Worth home prices are rising at more than twice the nationwide rate. D-FW housing prices jumped 12 percent in August from a year earlier, according to a new report by Zillow. Only Portland, Ore. – with a 14.8 percent year-over-year increase – had a larger price hike in Zillow’s study of major…read more →

D-FW tops Texas in office leasing and construction

By Steve Brown and The Dallas Morning News The Dallas-Fort Worth area now has more office space in the construction pipeline than the state’s other largest markets — Houston and Austin  —combined. About 7.5 million square feet of new office space is being built in North Texas, compared with 4.2 million square feet in the Houston area and about 1.6…read more →

Dallas area needs more than 132,000 additional home starts, Realtors’ report finds

By Steve Brown and Dallas Morning News Almost every sector of the Dallas real estate market has rebounded to pre-recession levels — some properties even more. But homebuilding is not close to the volumes seen before the economic crash. Home starts in the Dallas-area are about 40 percent less than they were in 2005. And shortages of labor and rising…read more →