Dallas, TX in the news
A Decade of Multifamily: 7.7 Million Apartment Units Trade for $912 Billion
Dallas-Fort Worth has been the hottest market for multifamily properties over the last decade. The market is expansive, stretching across 11 counties and 9,300 square miles with many opportunities for development. Across the metro, 149,000 units were built since 2010, most in the nation by metro.
U.S. Markets with Most Suburban Office Space: Washington D.C., DFW & Bay Area
The Dallas-Fort Worth metroplex was a very close second in terms of total existing office space across its suburban subdivisions. In fact, with plenty of room to sprawl, most of the market’s total inventory is located in submarkets outside of the central business district. Specifically, 229 million square feet, or 73% of the total market inventory, is suburban DFW office space.
Life Sciences & Biotech Hub Planned for Dallas Pegasus Park
The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence. Exxon sold its 23-acre complex on Stemmons Freeway in 2015 during a massive consolidation of operations into its new Houston headquarters. The property had been largely underutilized for more than 10 years at the time of Exxon’s real estate restructuring.
12 of the Most Innovative Coworking Spaces in Dallas
As one of the fastest-growing commercial markets in the U.S., Dallas is getting attention from companies of all types and sizes. In addition to driving employment and demand office space accross the metroplex, numerous companies, ranging from Fortune 500 giants to seed-stage startups, also rely on Dallas coworking spaces to meet their flexible workspace needs.
Top 30 Metros for Career Development: Going West is Your Best Bet for Success
Meanwhile Dallas — the home of the University of Texas at Dallas — finished in sixth place on the university quality index, while Baltimore ranked eighth. Not to be outdone, the Midwest was represented by Chicago, which tied for fourth place with Los Angeles.
Trammel Crow Knox Street Project Gets $619M Construction Loan
Plano, Texas-based private financial institution Beal Bank recently announced that it had originated construction financing of more than $619 million for the Uptown Dallas project that’s under development by Trammell Crow Company (TCC), MSD Partners, Highland Park Village Associates, and The Retail Connection.