San Antonio posts highest percentage of luxury apartment construction in U.S.

It’s no secret that luxury apartment development in San Antonio has taken off at record speed not just by local standards, but national ones as well.

To quantify the growth in luxury multifamily development, consider this: Of all the new apartment complexes delivered in 2015, 100 percent of them were considered luxury developments.

Read More Here on the San Antonio Business Journal

New restaurant and retail venues on the way at Dallas’ Victory Park

Victory Park is ramping up its restaurant and retail offerings, with a new restaurant, a café and retail emporium.

The development on the northwest edge of downtown has formed a venture with Dallas restaurateur Tristan Simon to create the new Victory Park venues.

Simon’s company – Rebees – has been hired to help with marketing and food and beverage services for all of Victory Park.

Read More Here on The Dallas Morning News

March numbers show D-FW apartment rents rising with no decline in sight

With no slowdown in sight, North Texas apartment rents were up by almost 6 percent in March, according to researchers at Axiometrics Inc.

At the end of March, average Dallas-Fort Worth apartment rents were $1,083- $59 a month more than they were just a year earlier.

Overall D-FW rents were up 5.7 percent year-over-year.

And D-FW’s apartments were less that 5 percent vacant at the end of March, Axiometrics said.

Read More Here on The Dallas Morning News

House Arrest: How low inventory is slowing home buying

Nationally, the number and share of starter and trade-up homes on the market has decreased over the past four years. We find increases of premium home prices are strongly correlated with a drop in the number of trade-up homes on the market, while a larger share of homes owned by investors is likely affecting the supply of starter homes.

America is experiencing a housing shortage. Not only are there fewer homes available to buyers of all income levels, those just starting out or making their first foray into home ownership are worse off than they’ve been in years.

Read More Here on Trulia

How Texas’ high-speed rail project landed ULI’s next big idea award

When Dallas developer Scott Beck saw the North Texas to Houston high-speed rail as one of three projects proposed for the Urban Land Institute’s Next Big Idea award at Tuesday’s gala, he had to remind himself to vote for Dallas Midtown, a nearly 450-acre proposed redevelopment along LBJ Freeway in North Dallas.

After all, his family’s Dallas-based Beck Ventures has a vested interest with a proposed $4 billion portion of the massive North Dallas redevelopment.

Read More Here on the Dallas Business Journal

Downtown construction ramps up before Super Bowl

The 2017 Super Bowl has kicked off a frenzy of construction that is expected to be complete before the big game comes to Houston.

The Greater Houston Convention and Visitors Bureau is well underway on $175 million in upgrades to the convention district. The upgrades include a remodeled lobby and exhibition concourse for the convention center itself, as well as a new facade that will incorporate highly transparent windowpanes to capitalize on the view of Discovery Green.

Read More Here on the Houston Business Journal

A creative approach to long-term financing

Originally published in Tax Credit Advisor by Paul Smith

The affordable housing industry has long required multifamily developers and owners to be creative in structuring financing for their developments given a seemingly endless need for limited resources to create and preserve these properties. In today’s environment of increased competition for scarce resources and rising costs, it is of paramount importance for developers to be innovative in maximizing each capital source on every transaction. Each additional dollar generated aids in development or rehabilitation.

Read More Here on The Investor

Almost 80,000 people moved to the D-FW area last year, census studies show

With Toyota, Liberty Mutual Insurance, FedEx and JP Morgan Chase moving to Plano, it shouldn’t be a surprise that Collin County has more new folks moving in than any other North Texas county.

New U.S. Census numbers show that more than 78,000 people moved to the D-FW area between mid 2014 and mid 2015.

And more than 20,000 of them came to Collin County.

Read More Here on The Dallas Morning News