By Steve Brown and the Dallas Morning News Developers who are redoing one of downtown Dallas’ largest buildings have sold the promised city financial incentives for the project. Commerce Statler Development LLC — the company created by developer Mehrdad Moayedi to redevelop the landmark hotel — sold the tax increment finance grant the city of Dallas provided for the huge…read more →
Via Steve Brown of the Dallas Morning News @SteveBrownDMN on twitter The real estate business runs on money. Along with new jobs and population growth, you need a lot of moolah to pay for all that construction and investment — billions and billions of dollars in North Texas. So word of a slowdown in property market funding isn’t what industry members want…read more →
Construction lending is on the rise as development pipelines continue to expand across commercial and multifamily markets. Yet borrowers are working harder to access that capital. The volume of commercial and multifamily construction loans put in place in January reached $311.3 billion based on total project value. That represents a 14.3 percent increase year-over-year and a 40.7 percent increase compared…read more →
The Real Deal’s five-part investigation on the ‘crack cocaine’ of real estate financing—and who’s profiting from it. Sourced through Scoop.it from: therealdeal.com See on Scoop.it – Texas Lots and Land
The Federal Reserve’s first interest-rate increase in years removes a crutch that’s helped sustain price growth and padded returns for commercial real estate. Sourced through Scoop.it from: news.investors.com See on Scoop.it – Texas Lots and Land
Potential homebuyers are more concerned about mortgage lending standards and higher home prices than the slight increase in Fed rates. Sourced through Scoop.it from: www.dallasnews.com See on Scoop.it – Texas Lots and Land
With home finance costs expected to rise during the next year, some potential buyers are pushing their plans ahead, analysts say. Sourced through Scoop.it from: www.dallasnews.com See on Scoop.it – Texas Lots and Land
The huge drop in oil prices since last summer won’t impact Dallas as much as Houston but could make it harder to finance and fund commercial properties here. Source: www.dallasnews.com See on Scoop.it – Texas Lots and Land
More than a third of nationwide home sales and almost 30 percent of residential transactions in the Dallas-Fort Worth area are made by buyers who pay all cash. Source: www.dallasnews.com See on Scoop.it – Texas Lots and Land
See on Scoop.it – Lots and Land See on www.nahb.org
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