The Top Real Estate Stories of 2019

In the last decade, Dallas-Fort Worth has been transformed by big relocations, renovations, and new developments that span all sectors and submarkets. Standing out in a market this deep and wide—and active—isn’t easy. But in 2019, several deals and projects generated more headlines than others. We analyzed traffic on our D CEO Real Estate site and asked market experts to weigh in on the topic. Here are the stories we believe rank as the most noteworthy of the year.

Uber’s Deep Ellum Hub
A decision by Uber Technologies to house its sizeable Dallas base in The Epic II has put Deep Ellum on the map as a modern office submarket with an abundance of walkable amenities. The rideshare giant will occupy the entire 471,000-square-foot building, developed by Westdale Real Estate Investment and Management, when the tower opens in 2022. Westdale CEO Joe Beard says the mixed-use project and Uber’s arrival will help tranform Deep Ellum into a 24/7 neighborhood, versus a  weekend and nightlife destination. Click to read more at

Ray’s Buzz: O’Connor & Associates Land Forecast Luncheon-Speaker: Davis Adams, Managing Director, JLL

• As infill development continues in multi-family and retail, land prices continue to rise
• Increasing density equals increasing traffic on our streets-we are all noticing that
• Houston area population has grown from 6 to 7 million in last ten years, and is projected to grow by 3 million more in the next 10-15 years…the equivalent of moving the combined populations of Austin and San Antonio into Greater Houston-how will all the cars fit?
• In spite of our hearty growth rate, the DFW Metroplex is growing just a little bit faster
• Oil industry technology continues to lower the cost of producing oil & gas, which has mixed results for the Houston economy
• Infill land prices are ranging from $80-120 in The Heights and from $20-35 in nearby Garden Oaks

Click to

Avison Young – 2020 Expectations

• Positive job growth, low unemployment and increased population contribute to Houston’s healthy economy.
• The metro’s industrial market is experiencing record construction
levels with land prices prompting “out migration” from parts of the city.
• Major retailers are expanding e-commerce operations into larger
warehouse and distribution centers due to the area’s growing consumer base.
• Following a global trend, developers are incorporating new technology into buildings as tenants seek both efficiency and amenities to recruit and retain top talent.

Innovation and technology are increasingly important economic drivers as Houston’s research community expands in the healthcare and aerospace industries. Click to read more at

Office User Growth Favors Tech-Friendly Cities in Texas and Florida in 2020

According to new market research by CBRE, tech hubs, business-friendly Texas cities and high-growth Florida metro areas top the ranks of U.S. markets set to expand their base of office-using jobs the fastest in the coming years. CBRE analyzed the forecasts of its CBRE Econometric Advisors unit to identify which markets are expected to generate the largest percentage growth in office-using services jobs – such as tech, professional and business services, legal, and others -this year. It found that job growth in tech markets continues to defy high costs and tight labor supplies. Meanwhile, the relatively lower cost of living and strong growth of Texas and various southeastern cities continue to stoke job gains. “U.S. consumer confidence and spending remain healthy – supported by a strong stock market and high home values — which underpins most U.S. economic expansion and job growth,” said Ian Anderson, CBRE Americas Head of Office Research. Click to read more at

As California comes to grips with housing crisis, Texas real estate rises in 2020

Texas and California represent opposite poles on the spectrum of government ideology⁠—the Golden State’s Democratic supermajority versus the conservative Lone Star State’s regulation-averse independent streak⁠—and in recent years, starkly different results when it comes to housing policy and production. Predictions for this coming year highlight the divide. According to the recently released Texas A&M Real Estate Center’s outlook for 2020, the state’s homebuilding industry will still have a banner year, despite forecasts for muted economic growth. “Both the Texas and U.S. economy will likely slow in 2020 yet still register solid growth,” says Real Estate Center research economist Luis Torres. “With uncertainty around trade wars and the current crude oil trajectory, two of the strongest economic drivers for Texas will decrease economic momentum. In contrast, one of the star performers of the 2020 economy will be the housing market, with double-digit growth in new home construction for the first time since 2017.” California flips that idea on its head. Instead of attracting residents with a surfeit of new housing options despite low growth, it’s posting job growth above the national average, even beating the economies of many European nations when it comes to growth and performance metrics, yet still pushing away many residents⁠—making it harder for lower- and middle-income residents to stay—as a result of soaring housing prices and continued difficulty building new supply. Click to read more at

In Memorium: Father of Real Estate Center Julio Laguarta

COLLEGE STATION – “A marriage made in heaven.” That’s what Julio Laguarta called the partnership between Texas Realtors and Texas A&M University when the Real Estate Center was created nearly 50 years ago. Laguarta, former National Association of Realtors and Texas Realtors president, died Jan. 3. “Julio was the father of the Center,” said Executive Director Gary Maler. “Creating an organization to conduct real estate research for Texas was his idea. Although he was a Longhorn, he was ecstatic when Texas A&M agreed to house the Center he envisioned.” Appointed to a six-year term on the Center’s first advisory committee, Laguarta was elected its first chairman. Read more about Laguarta’s role in creating what was known at the time as the Texas Real Estate Research Center. Click to read more at