Archive for June, 2016

Luxury condo tower on Lake Grapevine to soon get underway

It’s taken a few years, but the long awaited, luxury 15-story condo tower on Lake Grapevine within the $1 billion Lakeside DFW mixed-use development in Flower Mound is slated to get under construction next week. The developer, Dallas-based Realty Capital Management, plans to host a groundbreaking ceremony for the tower at Lakeside Parkway and Edgemere Road on Tuesday. Read More…read more →

Capital market pullback may take bite out of Dallas-area real estate boom

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 →

Smoke on the Water — 3015 Cedar Springs’ Perot Plans and Turtle Creek Gardens Snatched Up

From Candy’s Dirt. Way back, a rather large mansion occupied the northwest corner of Cedar Springs and … well … Cedar Springs (or Turtle Creek depending on your map). It’s sorta across the street from The Renaissance condos.  For as long as I’ve been coming to Dallas (the mid-1980s) it’s always been an empty lot.  Apparently that’s about to change….read more →

Texas Scores Big Again in U-HAUL Moving Survey

With moving season officially underway, Texas yet again has reason to brag as three cities scored in the top five destinations, nationally. U-HAUL’s annual ranking of one-way destination cities for the year 2015 offers both consistency and surprise. Texas cities regularly score well, yet Houston’s seventh consecutive ranking in the number one spot offers renewed comfort amid an oil slump…read more →

Banks Take a Step Back on Construction Loans

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 →

How the Oil Crash is Impacting Houston Home Builders – Q&A with Lawrence Dean, Metrostudy

As a senior advisor with Metrostudy, Lawrence Dean is responsible for providing housing and related information to builders, developers and investors in the Texas region. During the past 18 months of dealing with the impact of oil and gas prices that have fallen lower than many people anticipated, Dean has seen housing starts drop off, but closings increase as builders…read more →