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As Frisco’s land costs skyrocket and the city matures as a North Texas housing market, builders have filed fewer housing permits in the past few months, which means fewer homes under construction in the city limits.
And for the first time in city history the median price for a new single-family home has surpassed the half-a-million-dollar mark.
Click to read more at Dallas Business Journal.
A surge of demand for data center space in Dallas-Fort Worth has the region hitting record levels of leasing velocity, but CBRE brokers say the biggest boom could soon be on its way.
“We are predicting Dallas-Fort Worth to do another 40 megawatts this year, but next year could be stronger from the pipeline we’re seeing in the market,” Brant Bernet, senior vice president and leader of CBRE’s data center team, told theDallas Business Journal.
Click to read the rest at Dallas Business Journal.
Mesa, Arizona-based developer Macavity Co. has acquired a $300 million master-planned community expected to bring more than 2,800 single-family homes, a new elementary school and the Princeton City Hall to the North Texas town a few miles east of McKinney.
The 860-acre master-planned community, called Whitewing Trails, sits near Monte Carlo Boulevard and FM 75 and is the largest planned community to get underway so far in Princeton.
Read more at Dallas Business Journal.
When it comes to aerospace manufacturing, Texas is among the top 10 states in the U.S., according to a detailed international industry analysis from PricewaterhouseCoopers. The same study also ranked the United States as the most-attractive nation for aerospace manufacturing.
Today is like Christmas for transportation and urban-planning dorks. And TxDOT is Santa Claus. Today the agency released its much-anticipated Dallas CityMAP report, a big study of the highway system in and around downtown. I’m still reading through it (it’s 351 pages long).
Fort Worth property executive John Goff is heading up a new real estate fund that plans to invest up to $4 billion in properties.