Category: Editorial

Discovering Updates To AT& T’s Discovery District

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BY AMY SORTER

In October 2016, AT&T announced development of the Discovery District, an urban-tech center that would house its downtown Dallas headquarters building, while creating pedestrian-friendly sidewalks, restaurants and a shopping component. AT&T, which relocated to the Dallas CBD building from San Antonio in 2008, opted to remain in place, and to invest $100 million to renovate the inside and outside of its headquarters.

And, in March 2018, J. Mark Schleyer, AT&T’s Senior Vice President of Corporate Real Estate, stopped by the North Texas CCIM Chapter to discuss what was happening with the Discovery District – and what could be expected as it moves toward its 2019 opening date. Specifically, the real estate head presented his remarks, and some cool slides, at the CCIM
monthly luncheon, on March 15, 2018, at the Park City Club in Dallas.

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2018 Texas Property Tax Deadline Change

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BY PAUL BETTENCOURT

Protesting your property taxes every year offers a great opportunity to save money. In Texas, property taxes represent approximately 40% of total business taxes. This is a large component
of expenses that can be challenged and changed.

Protesting your property taxes every year offers a great opportunity to save money. In Texas, property taxes represent approximately 40% of total business taxes. This is a large component of
expenses that can be challenged and changed.

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CCIM COMMERCIAL REAL ESTATE FORECAST COMPETITION

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BY RAY HANKAMER
rhankamer@gmail.com

KEYNOTE TALK:
Dr. Mark Dotzour
Bullets:
• Should be clear sailing ahead in 2018 for Houston businesses
• Texas is an economic miracle
• The four largest Texas cities are also the
top four in U.S. for domestic in-migration
• Texas’ and Houston’s leading economic indicators remain on an upward curve
• With no fiscal restraint shown in recent tax law change, inflation and higher interest rates are a threat and will not be good for CRE; there is no lid on debt in Washington any more, and deficit hawks

Click to read more at www.rednews.com.

“We’ve got to keep hustling”: Fort Worth fights to make a name for itself

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BY BRANDI SMITH

They don’t call Dallas ‘Big D’ for nothing. It tops lists like Forbes’ “Best Cities for Jobs” and “Best Places to Invest in Real Estate” or HousingWire.com’s “Best Real Estate Markets in the U.S.” It is the shining example of growth and development in North Texas. Therein lies the challenge for the city that could be considered Dallas’ little sister: Fort Worth.

The seat of Tarrant County, Fort Worth is the 16th largest city in the country, but its glow is often muted by the spectacle of big sis, Big D. At a recent conference on economic development, local government and economic leaders acknowledged visibility is a challenge.

“From a visibility standpoint and an informational standpoint, people just aren’t aware of us as a community,” said Robert Sturns, the city’s economic development director.

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The Amazon effect: How retailers are adapting to the rapidly changing environment

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BY BRANDI SMITH

The one constant about the retail industry is that it’s constantly changing, though experts in the field acknowledge that the current pace of change is unlike any they’ve seen in their careers.

“I feel like things are accelerating right now,” says Artemio De La Vega, president and CEO of De La Vega Development, who was one of the Development & Construction panelists during ICSC’s 2017 Texas Retail Forecast.

“As for the number of groups that are reinventing themselves and adapting to the changing times, it’s probably the most substantial shift I’ve seen,” adds Ryan Johnson, co-market leader at SRS Real Estate Partners, who moderated the retail panel during the forecast summit. “That’s why it’s a fun industry to work in. You have to be on top of your game. You have to know what’s happening in the markets. You have to know what consumers want. That’s what I love about retail.”

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Keeping Up With Kristen: Berkadia’s McDade locks up land deals

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BY BRANDI SMITH

If success in the commercial real estate industry is based on outlook and attitude, Berkadia’s Kristen McDade is going to have one heck of a 2018!

“You can almost feel the energy bubbling up!” says the Senior Director of the Houston office. “There are lots of calls on sites, offers are flying around and deals are coming together — and with realistic speed (which has been lacking for the past 24 months).”

Throughout 2017, McDade says she felt as though she was in transition. The University of St. Thomas grad only just made the move from CBRE to Berkadia late in 2016, coming on board to lead the Land Services team.

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