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TxDOT plans underway for Interstate 30 Canyon revamp

In Industry Newsby Bradford

Makeover to improve connectivity; includes two new deck parks Texas Department of Transportation officials in a public meeting Tuesday night unveiled their plans for the Canyon redesign of the below-grade roadway on Interstate 30 that separates downtown and the Cedars. The $300 million construction project for the depressed roadway on I-30 between I-35 and I-45 and I-345 — known as …

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Amazon is moving into the physical world with first Texas 4-star store in Frisco

In Industry Newsby Bradford

Amazon has taken internet commerce by storm. So the next frontier is…brick and mortar? The internet retail giant opened its most recent Amazon 4-star store in Frisco, making it the sixth brick-and-mortar location for products sold on the Amazon website. Amazon now offers weekday tours of its Fort Worth fulfillment center. Visitors can see how the online retailer’s robotics work. BY GORDON DICKSON …

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Uber to Host First Town Hall Meeting on Self-Driving Technology at Its Own ‘HQ2’

In Industry Newsby Staff

Dallas Could Join San Francisco, Toronto as Testing Grounds for Automated Vehicles Ride-hailing company Uber plans to host its first town hall meeting this week at its new Dallas regional hub that company officials are referring to as HQ2, a moniker made popular by online retailer Amazon that stands for second headquarters. At issue: questions about Uber testing its self-driving …

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Chick-fil-A and Starbucks Distributor to Move California Headquarters to Texas

In Industry Newsby Bradford

Subsidiary Plans to Centralize Corporate Services A distributor to move its corporate headquarters to Texas from California to centralize its operations. The organization is a distributor to major restaurant chains such as Chick-fil-A, Chipotle and Starbucks. Quality Custom Distribution is a part of Golden State Foods, and a global supplier to the quick-service restaurant and retail industries. The organization is …

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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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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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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 …

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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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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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10 Ways Women Can Climb the CRE Ladder

In Industry Newsby Bradford

Carving out a career in a traditionally male-dominated industry like commercial real estate can be a daunting proposition for women at the beginning of their careers. However, women can climb the CRE career ladder by capitalizing on their own strengths and creating a culture of inclusivity, according to panelists at the women’s breakfast during the annual BOMA International Conference & …

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Dallas-Fort Worth Industrial Market Leads the US in Construction and Leasing Activity

In Industry Newsby Bradford

Market Stat: Industrial Market in Dallas-Fort Worth Shows No Signs of Slowing Down Dallas-Fort Worth currently leads the nation in terms of industrial development, as the market currently has 29 million square feet of completed industrial space over the past 12 months, and there are no signs of slowing down. The Metroplex currently ranks above the Inland Empire market in …

4 Property Management Trends for 2019

In Industry Newsby Bradford

From operating high-performance buildings to maximizing tenant occupancy, leading landlords, building and asset managers shared their insights. Smart buildings and data Amidst the growing market of smart sensors and systems promising everything from energy efficiency to improved tenant relationships in commercial buildings, one major point is often overlooked: smart technology in and of itself doesn’t make a building smart. The …

One-Quarter Of All U.S. Office Construction In The Past Decade Was In Texas

In Industry Newsby Bradford

Texas metropolitan areas have been leading the nation in office construction and have no reason to pump the brakes on future construction projects since demand only continues to grow, a new report from CoStar says. “The Texas miracle still has lots of steam,” CoStar Group Director of Market Analytics Paul Hendershot said. “We continue to be on top of the …

U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist

In Industry Newsby Bradford

CHARLOTTE, N.C. — The current U.S. economic expansion — 120 months and counting — is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for additional growth until at least 2021 before the start of the next recession. The last time the U.S. economy expanded …

100 Years of Office Space Trends

In Industry Newsby Bradford

The modern office focuses on technology, comfort and collaboration, but the road to get to a place with standing desks and flexible work stations was more than a century in the making. From the first open floor plans of the early 1900s to the introduction of the cubicle to the current creative office trends, office spaces are an ever-evolving concept that is …

Why Google is planning a $600M investment in Midlothian

In Industry Newsby Bradford

Google is making an even larger investment than expected for its first data center in Texas. The search-engine giant, part of the Silicon Valley’s Alphabet Inc. (Nasdaq: GOOGL), is putting $600 million in the Ellis County facility, according to a statement on Friday. The company says it will create a number of jobs at the data center and hundreds of …

DFW Job Growth Exceeds 3%, Boosts Housing

In Industry Newsby Bradford

Mortgage rate, stock market and other economic fluctuations will always have an effect on consumer confidence, but DFW area builders have been able to adjust, improving cycle times and leveraging costs. DALLAS—In its latest new hire, Trendmaker Homes hopes to capitalize on a metro known for its strong employment growth and housing affordability. Dallas-Fort Worth, which ranked in the top …