"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..."
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..."
"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."
"Gov. Greg Abbott said Monday that he will let the state's stay-at-home order expire Thursday as scheduled and allow businesses to begin reopening in phases the next day, the latest ramp-up in his push to restart the Texas economy amid the coronavirus pandemic."
"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."
"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..."
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."
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..."