New Construction

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 →

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 →

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 →

Why is Maxwell Drever spending $240M to save an iconic Dallas skyscraper?

By Steve Brown and the Dallas Morning News Maxwell Drever likes to garden. The California real estate investor doesn’t mind getting a little dirt under his fingernails to make something bloom. “I’m a master gardener — I love taking gardens and making them really spectacular,” Drever said. “I love restoring gardens. “And I love restoring buildings, too.” In downtown Dallas,…read more →

Urban Genesis Plans November Start of New Oak Cliff Apartments in Bishop Arts

Full article by Amanda Popken and As soon as the rain lets up, demolition will begin on the four homes where 70 apartments will be under construction in November. Urban Genesis spoke with the Bishop Arts Neighborhood Association Tuesday night about the Bishop High Line project and the other 50 apartments they have planned just a block away. The projects are planned along Melba…read more →