"The Senate, voting unanimously just before midnight Wednesday evening, passed the economic aid package...[A] section of the bill allows a multifamily borrower with a federally backed multifamily mortgage who is experiencing financial hardship due to the COVID-19 emergency...to request a forbearance - a temporary reprieve on payments - for 30 days. Borrowers can also request two 30-day extensions."
"U.S. stocks skyrocketed on Monday, with the Dow setting a single-day point record in a broad-based rebound, after mounting coronavirus fears sent global markets into a week-long swoon...Last week, the rapid spread of coronavirus across countries outside of China rocked global markets, sending all three of the major indices into a correction in a matter of day, and pushing safe-haven bond yields to record lows."
"It appears that Amazon (NASDAQ: AMZN) might be opening yet another fulfillment center in Dallas-Fort Worth, according to multiple reports. Recent plans submitted to the Texas Department of Licensing and Regulation describe an unnamed tenant that would be taking a 1 million-square-foot warehouse in Irving near DFW International Airport...According to a report by the Dallas Morning News, some local real estate brokers have said that Amazon is looking at the property along with a similarly sized building in Fort Worth."
"Dallas and Houston's economic stability are projected to be somewhat of an anomaly in the U.S. over the next several years, even as much of the world's economic growth slows, according to research firm Oxford Economics."
"Charles Schwab is moving its corporate headquarters to Westlake, Texas, after the brokerage firm merges its business operations with TD Ameritrade. San Francisco-based Charles Schwab announced on Monday an agreement to buy TD Ameritrade in an all-stock transaction valued at $26B."
"From the arrival of the In-N-Out burger chain to the open-air retail shopping mall concept and breezy environmentally sound high-end homes, Dallas-Fort Worth for a long time has mirrored the commercial and residential trends of Southern California. Now, a report from CommercialCafé is putting numbers behind everyone’s suspicion that Californians themselves are flocking to the Metroplex."
"Apartments are a huge part of the Dallas-Fort Worth economy, responsible for billions of dollars and tens of thousands of jobs a year, and yet there are not nearly enough of them...And when it comes to apartment rehabilitation and renovation projects, DFW shows its economic potential with renovations and repairs alone pushing about $2B into the local economy and creating up to 7,000 jobs yearly..."
"American Specialty Health Inc., a 32-year-old firm that serves millions of customers across the United States, has rented 164,000 square feet of offices in the Heritage Commons office complex near Interstate 35W to expand its North Texas operations...co-founder, chairman and CEO George DeVries said in a statement...'With access to a talent-rich labor market, a variety of residential options, lifestyle amenities and an established community, our company is poised to grow and thrive in North Texas for years to come.'..."
"Austin has seen more proportionate growth from net migration than any other major U.S. city in the past 10 years, according to a new analysis...more than 50 percent of migration to Austin from 2012 to 2016 was from people leaving other large Texas cities, such as Houston, Dallas and San Antonio. But census date also shows that a net of thousands of people from states like California, Florida and New York came to Austin during those years."
"TEXRail kicked off commuter rail service between Downtown Fort Worth and DFW International Airport on New Year's Eve with a ceremonial run between the Grapevine/Main Street Station and the airport...One transit-oriented development is Grapevine Main, a $105M mixed-use property in Grapevine that will feature retail, restaurant, office, hospitality space and a train station...Trinity Metro projects that TEXRail will have more than 8,000 daily riders in 2019 and 13,000 daily riders by 2035."