"Texas has some of the strictest laws in the U.S. against gambling, but that isn’t deterring integrated resort developer Las Vegas Sands Corp. from making an aggressive play to introduce resort-style casinos into the Lone Star State...Sands building in Texas could be mutually beneficial: Casinos can create jobs, feed significant tax revenue into state coffers and draw tourists and convention-goers to a region. And if Sands gets gambling legalization passed, it could tap into a market with major profit potential."
"The Dallas-Fort Worth metro area recorded the most multifamily transactions in the nation in 2020, with a total of 146 deals closed...After DFW, Atlanta and New York City rank the highest in the total number of local multifamily deals completed over the past decade..."
"Texas Gov. Greg Abbott announced Tuesday that the state will allow all businesses in Texas to reopen at 100% capacity next week, ending nearly a year of emergency restrictions and occupancy limits across the state."
SPI in The Dallas Morning News – Mockingbird Lane apartments will get their mojo back as murals return
"The new owners of a Dallas rental community on Mockingbird Lane plan to restore one of its most iconic features. Dallas-based Strategic Property Investment Advisory just bought the 449-unit 5 Mockingbird Apartments near U.S. Highway 75..."
"Occupancy and rental rates held firm in Dallas-Fort Worth in October as landlords relied more heavily on concessions to attract tenants, new data from ApartmentData.com shows...Rental rates remained steady year-over-year despite the pandemic...The October 2020 data shows rather than rental rate declines, apartment operators in every product type leaned more heavily on concessions to attract renters."
"The Fort Worth area added more than 15,000 jobs through the city’s economic development incentives last year with private investment totaling $4.6 billion...the Fort Worth Chamber of Commerce said 50,000 jobs were added in the past year. That included highly-skilled positions in biotechnology, aviation and transportation automation and healthcare..."
"The Texas Alcoholic Beverage Commission approved rules Aug. 25 intended to make it easier for bars to legally operate as restaurants during the Covid-19 pandemic. The state agency greatly expanded rules that had already offered a limited lifeline for some bars to temporarily reclassify themselves and generate a sliver of sales during the coronavirus crisis. The goal is to provide more ways for businesses to qualify as restaurants under Gov. Greg Abbott's executive order GA-28, which prohibits bars from reopening but allows restaurants to remain open at 50% capacity."
"In one of the largest economic development projects in Austin's history, electric automaker Tesla says it will build a $1.1 billion assembly plant in Travis County that will employ 5,000 people...Tesla officials previously have said they intend to break ground on the factory by the third quarter of this year, although CEO Elon Musk said Wednesday that initial work at the site actually began last weekend."
Gov. Greg Abbott halts elective surgeries in big metros, pauses further reopenings as Texas’ coronavirus cases spike
"Gov. Greg Abbott, a day after a key coronavirus metric he’s been watching hit “red flag” territory, again has moved to conserve hospital beds by halting elective surgeries. He also announced Thursday that he’s pausing any further reopening of businesses and other public activities until Texas can “corral” a recent surge in COVID-19 infections...Unlike the March order, though, the one he issued on Thursday didn’t apply statewide, just to Dallas, Harris, Travis and Bexar counties."
"Gov. Greg Abbott announced Wednesday that nearly all businesses may increase their capacity to 50% amid the novel coronavirus’ outbreak, with even larger crowds allowed by the end of the month...Amusement parks and carnivals may also reopen at limited capacity in counties with less than 1,000 confirmed COVID-19 cases, and starting June 19 may also operate at 50% capacity in the remaining counties that have more cases."