New Construction

DFW Housing Market: Growth Slows, Affordability Erodes

BY CHRISTINE PEREZ and D Magazine New North Texas homes priced under $250,000 are disappearing from the market, according to Metrostudy’s second-quarter 2016 study. New residences in that range dropped nearly 20 percent. The findings represent a “radical shift” from lower new-home prices, according to Paige Shipp, regional director of Metrostudy’s Dallas-Fort Worth region. “Over the past two years, starts below…read more →

Arizona builder expanding to Dallas area will offer luxury rental house communities

Article by @SteveBrownDMN and the Dallas Morning News An Arizona homebuilder is bringing something different to the North Texas market. NexMetro Communities’ new projects in Plano and McKinney will have luxury homes in a high-density gated community. But they won’t be for sale. The small two- and three-bedroom detached houses will be leased. The first 122-home community will start opening…read more →

With costs through the roof, DFW builders rarely construct affordable homes

By @SteveBrownDMN and the Dallas Morning News North Texas residents looking for an affordable new home may soon be out of luck. That’s because homebuilders are continuing to focus on the mid and upper-priced market while all but abandoning the lowest-priced new housing. Starts of new homes in the Dallas-Fort Worth area priced between $200,000 and $250,000 dropped more than…read more →

Wilbow Corp Acquires Land Sites From Centurion American Development

Article by @SteveBrownDMN and the Dallas Morning News A Dallas-based developer has purchased stakes in two residential projects. The home communities are among several properties sold by Centurion American Development Group, a Farmers Branch developer that’s recently come under scrutiny. Wilbow Corp. acquired ownership in the Llano Springs residential community southwest of Fort Worth and the Granada community in Westlake…read more →

The Highs and Lows of Today’s Houston Multifamily Market interview Teresa Lowery, Senior Managing Director of Multifamily, Colliers International Houston. Houston’s multifamily market has seen better times. The sector’s pricing is weak, rent growth is close to disappearing and multifamily construction continues unabated. Free rent is being offered in some neighborhoods.  Can the situation get worse?  Or better? To find out where the multifamily investment market is headed, Realty…read more →

Candy’s Dirt – Crescent Communities Brings their A Game to Bishop Arts District

by Amanda Popken and Just as our trolley track construction wraps up and the Bishop Arts stop comes online, expect the building construction to begin. Developer Alamo Manhattan has made headlines with their infamous Bishop Arts project, hopefully designed a bit better now than at first. Their Phase 1 plans would create a five-story full city block with residential above…read more →

Texas and New York vie for top ranking in commercial property development market

Article by @SteveBrownDMN and the Dallas Morning News Texas is tops in the nation for warehouse construction. And we are second nationally in both office and retail building, according to one of the country’s top commercial real estate groups. The commercial property sector in Texas supports 387,609 jobs and contributes $23 billion to the state’s economy, according to a new report…read more →

D-FW warehouse demand surges to one of the highest levels in a decade

Article by @SteveBrownDMN and the Dallas Morning News Fueled in part by the growth of Internet retailing, demand for warehouse and distribution space in North Texas continues to outpace new supply. During the second quarter, net leasing for Dallas-Fort Worth warehouse space added up to 6.6 million square feet – one of the highest net leasing totals in the last…read more →