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38,500-SF Lone Star Park Warehouse Trades In Off-Market Deal to 1031 Exchange Buyer

In Press Releasesby Bradford

DALLAS – In an off-market deal, a California-based 1031 exchange buyer has scooped up a vacant 38,500-sf warehouse in Lone Star Park as the first location in Texas for a specialty tire retailer. The move-in-ready Lone Star Park warehouse, at 1900 Lone Star Dr., Dallas, has changed hands in a 30-day look, 15-day close. Brock Wilson senior vice president and …

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Kennington Commercial Transitioning Two Galleria-Area Properties to Retail

In Press Releasesby Bradford

DALLAS – Changes are coming to Alpha Plaza and Midway Center as their owner, Kennington Commercial, rolls out a new strategy to keep pace with increased multifamily and mixed-use development within the three-mile trade area of the Dallas Galleria. Kennington’s projects, totaling 122,363 sf, are being transitioned to retail from flex industrial in anticipation of higher demand. Approximately 1,000 multifamily …

CORFAC International a Network Of CRE Professionals Helps Companies Make Local and Global Connections

In Bradford Buzzby Bradford

CORFAC International sought to solve challenges with local and global connections through its international network. CORFAC optimizes its database of brokers to deliver client-focused solutions and connect the industry. For small companies, establishing local relationships can ensure we handle real estate transactions with market expertise. Local commercial real estate professionals and brokers know what works and what doesn’t work in …

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Texas Indicators: Continued Economic Health

In Industry Newsby Bradford

Thanks to a “robust” July 2019 job growth and steady unemployment growth, Texas’ health economic indicators remain strong. According to data released by the Federal Reserve Bank of Dallas, the state’s Texas Business-Cycle Index grew at an annualized 5.9%, “increasing for the seventh straight month, following a six-month period of slowing growth.” Even as the rig count and oil/gas prices …

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The Value of a Handwritten Note

In Bradford Buzzby BradfordLeave a Comment

ERIK BLAIS Growing up I tended to take my dad’s advice with a grain of salt. Some words of wisdom he told me were: “Take a jacket, it will be cold tonight.” “Saving is a better choice than spending.” Last, “Always remember to change your oil every 3,000 miles.” My thought process when it came to his great wisdom usually …

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10 Labor Day Facts

In Bradford Buzzby Bradford

Monday, September 2, 2019, is Labor Day, in the U.S. The holiday will be celebrated by families around the country with picnics, barbecues, road trips, and sports events. It is the last blast of the summer vacation season.  Labor Day now is a federal holiday and most Government offices, schools, and, businesses are closed.  So what is labor day? Here …

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What Does the Fed’s Interest Rate Cut Mean for the CRE Industry?

In Industry Newsby Bradford

The quarter percentage point cut won’t have a significant impact on the commercial real estate industry, industry sources say. The Fed’s interest rate cut is unlikely to boost commercial real estate values, according to industry sources. The Federal Reserve cut its key interest rate by a quarter percentage point on Wednesday to ensure the U.S. economy against downside risks from …

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Replace Rejection with Value

In Bradford Buzzby Bradford

CHARLIE HAWKINS – Leather is peeling off my dress shoes. Sweat is pouring through the back of my dress shirt in the 100-degree Texas summer heat. Alas, the American Dream. Analysts estimate that anywhere between 75% and 90% of all real estate agents fail within the first five years of starting their real estate career. Most would agree that the …

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What is the Bradford CRE Property Manager Difference?

In Bradford Buzzby Bradford

Often when interviewing to add another CRE property manager to our team, many candidates’ lack the versatility that Bradford expects and receives from its managers. Many candidates’ work history has been managing for single or in-house ownerships. This requires them to comply with only one property owner’s requirements. Also, often CRE property manager candidates’ prior employers segregated property management responsibilities into …

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Diamond Vogel Paint Co. Scoops Up Vacancy at Railhead Business Station for Texas Inroad

In Press Releasesby Bradford

FORT WORTH – In a 20-day spin and no downtime on the space, Bradford Commercial Real Estate Services has landed a Texas newcomer, Diamond Vogel Paint Co., as a new tenant for Railhead Business Station in north Tarrant County. The Iowa-based company has leased 9,521 sf of class A industrial space at 500 Railhead Rd. in Fort Worth from Sun …

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Plans for Uber in Dallas Move Forward

In Industry Newsby Bradford

Officials to Vote on Tax Breaks for Uber to Create Thousands of Jobs COSTAR NEWS ARTICLE – Officials are moving the ball forward on an office project that might house major operations for ride-hailing tech firm Uber Technologies in Dallas, the fastest-growing metropolitan area in the United States. However, Uber is eyeing other U.S. cities and plans to make a …

Real Estate Dopp Kit

In Bradford Buzzby Bradford

A Dopp kit is a small toiletry bag made of leather, vinyl, or cloth. It stores grooming tools for travel. Some common items kept in a Dopp kit are deodorant, a razor, shaving cream, comb, shampoo, nail clippers, scissors, toothbrush, toothpaste, and cologne. The name derives from early 20th-century leather craftsman Charles Doppelt, a German immigrant in the United States, …

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What’s in a Letter?

In Bradford Buzzby BradfordLeave a Comment

MICHAEL T. GRANT – So, what’s in a letter? A lot of people would say “not much”. What can you express in just one letter, particularly if you are trying to brand a company? Will people understand what you are trying to do or even what you do? You need at least a few letters right? These people are wrong. …

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What are the Hardworking Cities in North Texas?

In Industry Newsby Bradford

North Texas workers might deserve some time off. Six of the country’s 10 hardworking cities are in Dallas-Fort Worth, according to a recent ranking by industrial equipment supplier Kempler Industries. Plano ranks No. 2 in the country, behind Washington, D.C. Dallas isn’t far behind in third. Grand Prairie, Garland, Irving, and Arlington all made the top 10 of hardworking cities. Kelle Marsalis, interim …

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Bradford Assumes Leasing and Property Management Of Office Project in Affluent Dallas Neighborhood

In Press Releasesby Bradford

DALLAS – Bradford Commercial Real Estate Services has been selected for leasing and property management of Highland Park West, a boutique office building in one of Dallas’ most affluent neighborhoods. The new leasing team for the 51,847-sf building is Jared Laake, market director, and Richmond Collinsworth, first vice president. David Simpson, Bradford’s executive vice president, and managing director is spearheading …

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DFW Market Insights – Industrial – 2nd Qtr 19

In DFW Market Reportsby Bradford

The DFW industrial market continues to perform well, thanks to the metro’s robust job and population growth and the continued strength of the regional and U.S. economy. Continued economic expansion nationally and strong regional demographics are driving demand for industrial space in this super-regional distribution market. As U.S. consumption and production expands, third-party logistics providers, national retailers, and consumer packaged …

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DFW Market Insights – Office – 2nd Qtr 19

In DFW Market Reportsby Bradford

Population and employment growth is driving demand for new space, according to DFW Office Market Report. Corporate relocations and expansions continue to drive office demand in Dallas-Fort Worth, fueled by the region’s competitive cost of living, accessibility, and highly educated workforce. Strong economic underpinnings have fostered a healthy office market. Nationally, the U.S. economy has entered the longest expansion on …

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Eight Things to Know About Industrial Real Estate Demand

In Industry Newsby Bradford

Tariffs are in the air, but dealmaking continues on the ground in the U.S. industrial property market. Despite a slight softening, vacancy continues to hover at all-time historic lows. So, what’s driving the action? The following are eight things to know about the demand for industrial real estate property: More tenants on the move, more locations needed. A year ago, …

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Rethinking the Dallas-Fort Worth Retail Market

In Bradford Buzzby Bradford

No asset class has realized more seismic changes during this cycle than retail. From technology to tastes, the space we devote to the consumption of goods and services continues to evolve, CoStar states.  Bradford Commercial Real Estate Services’ retail gurus, Leigh Richter – Executive Vice President and Paul Richter – Vice President rethink retail by providing insight on the Dallas-Fort …