Category: North Texas Market Reports

South Korean manufacturer to invest $100M into DFW expansion bringing 1,600 jobs

Posted on by ginger

A South Korean manufacturer is expanding its U.S. operations in North Texas, with Garland-based Nutribiotech USA Inc. bankrolling $100 million into the former Raytheon campus. The facility is being converted into a new $50 million business park.

Over the next five years, Nutribiotech USA, a subsidiary of Nutribiotech Co. Ltd. (222040:KOSDAQ), will increase its footprint from an existing 60,000-square-foot facility to more than 685,000 square feet of space. The expansion includes the renovation of 375,000 square feet of former Raytheon facilities and the construction of a new 250,000-square-foot facility adjacent to Nutribiotech’s current site.

“We have been growing very rapidly and Garland has been a critical part of the success,” Nutribiotech USA President BJ Lee said in a prepared statement. “As we look to the future, we are excited to be a valued and dynamic part of this region’s economic engine.”

Click to read more at Dallas Business Journal. 

Why CBRE’s Jeff Ellerman believes DFW will benefit from growing U.S. corporate consolidation

Posted on by ginger

As corporate America continues to consolidate operations in the United States, CBRE’s Jeff Ellerman says he believes Dallas-Fort Worth is well positioned to benefit from the restructuring trend.

“Consolidation from corporate America will most certainly continue,” Ellerman, vice chairman in CBRE’s Dallas office, told the Dallas Business Journal. “In my opinion, we’re going to continue to see relocations and large-scale needs coming out of other states into North Texas.

“Things don’t just happen with Toyota bringing their North American campus here; it happens over a longer period of time,” said the longtime Dallas real estate broker, who represents some of the companies rethinking their operations.

Click to read more at Dallas Business Journal. 

Dallas-Fort Worth playing big role in unprecedented building boom

Posted on by ginger

An unprecedented building boom that’s underway across the globe is expected to deliver more than 700 million square feet of office space in the next three years — and Dallas-Fort Worth is expected to play a major role in the boom.

Between 2017 and 2019, Dallas-Fort Worth is projected to rank No. 1 in office completions in the Americas with 20.5 million square feet of new office space slated to come online in the region.

Click to read more at Dallas Business Journal. 

Frisco ranks as top U.S. real estate market followed by 4 nearby suburbs

Posted on by ginger

Frisco has ranked as this year’s best real estate market in the United States, followed by four neighboring North Texas suburbs, according to a WalletHub study.

The ranking compares 300 cities across 21 metrics ranking from job growth to median home price appreciation to home sales turnover rate. So, why has Frisco landed the country’s top spot?

Click to read more at Dallas Business Journal. 

Gap between Dallas, Fort Worth widens with varying degrees of real estate performance

Posted on by ginger

The gap between Dallas and Fort Worth has continued to widen — and it’s not just the age-old rivalry between the Big D and Cowtown — with office real estate fundamentals outperforming in the eastern portion of the Metroplex.

That’s because North Texas isn’t really one real estate market, said Peter Muoio, a chief economist at Ten-X, a research group that tracks the real estate industry throughout the United States.

Click to read more at Dallas Business Journal.

Chinese-based home goods retailer readying massive project in Frisco

Posted on by ginger

A Chinese manufacturer of building materials, hardware and home goods is readying plans to make way for a massive retail hub along the U.S. 380 corridor in Frisco, sources say.

The real estate rumblings come after an affiliate of Lesso America Inc., a subsidiary of China Lesso Group Holdings Ltd., acquired two tracts of land totaling more than 76 acres in Frisco for a new mall development site in June 2016.

Click to read more at Dallas Business Journal.