Category: North Texas News DO NOT USE

Colliers International Expands In Fort Worth

Posted on by Sarah

Commercial real estate services and investment management firm Colliers International (NASDAQ, TSX: CIGI) Aug. 26 announced a significant expansion in Fort Worth by hiring a team of investment sales professionals. “Investors need a real estate partner with the resources to obtain the best market information and get their clients the best prices in any economic environment,” said Steve Everbach, President | Central Region at Colliers International. “Colliers already has one of the largest and most experienced teams of Investment Sales advisers in the industry, and we are excited to have expanded this service in Fort Worth.” The five-person Investment Sales Team will be led by newly hired Senior Vice President Cody Payne, a veteran in the real estate business. Other team members are Michael Tran, Ross Meisner, Justin Beck and Austin Edelmon. Before joining Colliers, Payne was vice president of investments at Marcus & Millichap, where he specialized in facilitating investment sales transactions. Click to read more at www.fortworthbusiness.com.

Corporate Interest in DFW Continues to Grow

Posted on by Sarah

DALLAS-FORT WORTH – Office developers remain active as corporations continue to capitalize on North Texas, according to a Marcus & Millichap report. An estimated 8.1 million SF of space is expected to come online in 2019, up more than 25 percent over the year. This total is still 2.3 million SF below the cyclical high posted in 2017. Office vacancy is predicted to remain steady at 18.9 percent this year. The rate inched up 20 and 70 basis points in the previous two years. The average asking rent will remain relatively affordable compared with the nation’s other major metros. The figure will rise 2.2 percent to $25.89 per SF.

DFW Residential Non-Residential Building Surged in April

Posted on by Sarah

Construction in the Dallas-Fort Worth area surged in April. A huge year-over-year increase in nonresidential building starts added to the annual building totals, according to a new report from Dodge Data and Analytics. Nonresidential building starts in the region totaled more than $1.2 billion in April — more than twice the activity of April 2018. But residential starts fell from a year ago and totaled about $1.1 billion. Through the first four months of the year, nonresidential building starts in North Texas are up 13% from the same period last year. And residential starts are down 11%, according to Dodge Data. The jump in commercial building activity in the area erased losses in the sector in the early months of 2019. Click to read more at www.dallasnews.com.

The Intersection of Sports and Commercial Real Estate

Posted on by Sarah

With the recent announcement that the Dallas Cowboys are entering the co-working arena, we are now witnessing the emergence of a fascinating new real estate trend. The Cowboys are transcending traditional real estate investments in office space, retail, multifamily and, now, co-working, by leveraging the strength of its brand to become a commercial real estate juggernaut. It’s a fascinating study in brand loyalty, and it may hint at the future of our industry: buildings as brands. As an organization, the cowboys franchise is no stranger to wise real estate strategy. Establishing the franchise headquarters and the team’s official practice facility in a far north suburb may not seem like a play that would go on to become one of the nation’s most popular real estate developments. Click to read more at www.dmagazine.com.

Roger Staubach Partners Up With The Dallas Cowboys Again, This Time For Real Estate

Posted on by Sarah

If you live in North Texas, you pretty much worship the Dallas Cowboys, and the team’s most famous quarterback, Roger Staubach. Starting next year, Cowboys fans can live right next door to their dream team’s 91-acre world headquarters and practice facility in Frisco, Texas, about 28 miles north of Dallas. Even better news: the $62.5 million project is being developed through a joint venture with Roger Staubach, one of the most famous players in football history, Cowboys current owner Jerry Jones, and former Cowboys center Robert Shaw, a Dallas-based developer. Click to read more at www.forbes.com.

How this New York concept made a not-so-serendipitous landing in DFW

Posted on by ginger

The arrival of New York-based Serendipity Labs Inc. to the Dallas Arts District didn’t come as a result of chance, instead, it was carefully orchestrated — much like the shared office concept itself.

And, if you talk to Founder and CEO John Arenas, it would become quite clear that Serendipity Labs knows exactly who they are and what demographic the “upscale, hospitality-driven coworking concept” is targeting, with an eye on delivering on experience.

“Our concept is deeply rooted in hospitality that delivers an experience that happens to look like coworking,” Arenas told the Dallas Business Journal during a tour of the new 29,000-square-foot flagship location in Texas.

Click to read more at Dallas Business Journal.