New Construction

Tim Hughes: Adjusting to Escalating Construction Costs

By Tim Hughes and D Magazine Dallas is fortunate at the moment, as commercial real estate is in a “hypermarket” due to the abundance of construction projects underway. As a result, our industry is experiencing macro and microeconomic influences to construction costs. In the construction business, there is a high demand for quality subcontractors without the corresponding supply, which is…read more →

That Big Box Sam’s at Cityplace May Not Happen After All, Property Could Command Higher Price

By Candy Evans and Word came Tuesday from Jonas Park, the “Accidental Activist”, that a Dallas county judge has ruled to void an ordinance for a planned development district on Central at Carroll Avenue, across from Cityplace, that was all but certain to be a big box Sam’s Wholesale Club. Talk about David and Goliath: Judge Michael O’Neill ruled…read more →

Why Dallas-area apartment builders, analysts expect starts to slow in 2017

By Steve Brown and the Dallas Morning News With more than 28,000 apartments set to open in North Texas next year, will there be enough renters to fill them all? As long as Dallas-Fort Worth’s economy keeps growing at current levels, demand for new rental units will remain high, apartment analysts and developers say. But developers say that tougher financing requirements…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 →