"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."
Spectrum News San Antonio | December 19, 2018 | Spectrum News Staff - "Precourt Sports Ventures, LLC and the City of Austin announced that they have finalized their partnership to construct a privately funded $225 million soccer park and stadium on Wednesday...The natural grass, open-air stadium will be a top destination for professional and local soccer, and will serve as an entertainment and multi-purpose event venue for Austin. The site will also house a park and open space which will be available to the public year-round."
Dallas News | December 1, 2018 | Maria Halkias - "Fort Worth city officials are using their Amazon HQ2 package to court at least 60 other "potential projects" of various sizes...The city highlighted to Amazon - and now to others - Fort Worth's "access to abundant and diverse talent, STEM education efforts and university partners, effortless logistics and multi-model travel, and a community spirit that defies expectations.""
Bisnow | October 17, 2018 | Kerry Curry - "When XTO Energy...dusted off its boots and left Cowtown for Houston, the blow was expected to be devastating for a city known for its storied oil history...Still, even with the shock of losing a beloved corporation, Fort Worth is holding its own, and several of its commercial real estate sectors are thriving thanks to a strong jobs market, a diversified economy and a growing city with a business-friendly climate. A new ranking by WalletHub named Fort Worth the nation's sixth-fastest-growing large city in the United States. The city's multifamily and retail sectors are particularly hot with high occupancies and plenty of new developments either opening or on the way."
Dallas Business Journal | September 18, 2018 | Bill Hethcock - "Dallas fares well in a comparison of costs of operating Amazon's second headquarters in 20 finalist cities, according to an analysis prepared by a global site selection firm."
Multihousing Pro | September 13, 2018 - "Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Monticello Oaks, a three-story, 63-unit apartment complex in Fort Worth, Texas..."