Hong Kong developer moves forward on $300M mixed-use project in Pearland

A Hong Kong developer is moving forward on its first U.S. development: A $300 million mixed-use project in Pearland.

American Modern Green LLC, the Houston-based subsidiary of Modern Land of China, revealed an updated master plan for Ivy District, which was approved by the Pearland City Council on April 25. Modern Land of China is a publicly-traded developer that has built more than 15 million square feet of mixed-use space around the world.

Read More Here on the Houston Business Journal

Student housing: A sleeper emerges

The sleeper in the investment world – student accommodation – is suddenly wide awake. A record €14.4 billion in new capital has gone into the long-overlooked sector in the past 18 months as institutional investors jostle for position.

Transactions in the United Kingdom, the most active market, jumped from £2 billion (€2.5 billion) in 2014 to £5.7 billion in 2015, according to JLL.

Tim Noonan, managing director with JLL Capital Markets in the Chicago, says in the United States, transactions in student housing between June 2014 and December 2015 totaled $7.64 billion, of which about $3.4 billion was sold to institutional investors.

Read More Here on The Investor

Another mixed-use development kicking off on Frisco’s $5 billion mile

Developers are about to break ground on the first phase of a mixed-use project that will add to Frisco’s $5 billion mile.

Goviea Commercial Real Estate is building the more than 25-acre development between Stonebrook Parkway and the Dallas North Tollway.

Four office buildings, a hotel and a handful of restaurant and retail buildings are planned in Stonebrook Park. The development will be just north of the $1.6 billion Wade Park project.

Read More Here on The Dallas Morning News

The next Uptown? Ross Avenue gets a remake on downtown Dallas’ near east side

Thousands of commuters streaming into downtown Dallas are noticing big changes on Ross Avenue.

The busy thoroughfare on downtown’s near east side is getting a major makeover with hundreds of new apartments, townhouses, shops and restaurants.

It’s quite a turnabout for a streetscape that for decades was dominated by used car lots, second-hand stores and dodgy dives.

Read More Here on The Dallas Morning News

CEOs rank Texas as best state for business

For the 12th consecutive year, Texas was ranked as the best state in the country for businesses by Chief Executive magazine. The magazine has conducted the survey for 12 years.

Chief Executive surveyed 513 CEOs across the nation on what states have the most business-friendly tax and regulatory regimes, quality of workforce and quality of living environment.

Texas ranked No. 4 in workforce quality and manufacturing.

Read More Here on the Austin Business Journal

Galderma’s U.S. footprint expansion in Fort Worth hits major milestone

The $22 million expansion of Galderma’s U.S. headquarters in Fort Worth has hit a major milestone, having reached its uppermost height.

The expansion of the campus will bring a new 100,000-square-foot research and development center at the northeast corner of Texas Longhorn Way and Heritage Parkway in Fort Worth. The campus currently has 170,000 square feet of space.

In all, the new facility will give Galderma Laboratories LP the ability to add 342 new employees to the existing corporate headcount for a total of more than 600 workers.

Read More Here on the Dallas Business Journal

North Texas home sales up 15 percent in April as prices set record

North Texas home sales were up 15 percent in April as housing activity rose to the highest level since last summer.

Real estate agents sold 9,178 preowned single-family homes through there multiple listing service, according to data released Monday by the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

With April’s sales, almost 30,000 homes have changed hands during the first four months of 2016 – 14 percent more than in the same period last year.

Read More Here on The Dallas Morning News