t2 Blog

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 →

$700 million lakeside community opens east of Dallas near Lake Ray Hubbard

By Steve Brown and the Dallas Morning News A $700 million residential community is opening its doors on Lake Ray Hubbard. The 787-acre Heath Golf & Yacht Club development near Rockwall will have 1,200 homes and an 18-hole golf course. The residential community is near U.S. Highway 80 and has homes starting at more than $300,000. Builders in the project include Dunhill…read more →

Ross Perot Jr.’s Hillwood sells $1.1 billion in properties

Hillwood’s largest North Texas industrial building portfolio is in the AllianceTexas project north of Fort Worth. Courtesy of Hillwood By Steve Brown and the Dallas Morning News Ross Perot Jr.’s Hillwood Development Co. is selling $1.1 billion of its warehouse properties to an international investor. Global Logistic Properties — a Singapore-based firm — said the purchase includes industrial buildings in North…read more →

Dallas’ Woodbine Development gets its second president in four decades

By Steve Brown and the Dallas Morning News John Scovell’s first real estate deal was a doozy. In 1973, he teamed up with Dallas oilman Ray Hunt to build downtown Dallas’ landmark Reunion Hyatt Hotel with its skyline signature observation tower. Read more about how Reunion was built in Dallas here. “What a privilege to change the skyline with your…read more →