Bursting the property bubble: why 2015 is not 2007

For many involved in the business of buying and selling global real estate, the memory of 2007 is fresh.

As today’s commercial property prices and yields begin to exceed the levels seen in the months leading up to the crisis, concern is mounting in some quarters of the global economy that this property cycle is reaching its peak.

New numbers from JLL, which track the movement of money around the world’s property markets, show soaring demand for commercial real estate and unrelenting investor appetite.

Read More Here on The Investor 

Luxury apartment complex breaks ground near new Exxon Mobil campus

A new luxury apartment project has broken ground in Springwoods Village, a growing master-planned community north of Houston.

Martin Fein Interests Ltd. began construction in June on The Mark at CityPlace Springwoods Village. The six-story, 268-unit apartment project is located on 3.75 acres in a $10 billion mixed-use development called CityPlace, along Springwoods Village Parkway next to Exxon Mobil Corp.’s (NYSE: XOM) new campus.

Read More Here on the Houston Business Journal

Gaedeke Group readies to break ground on Legacy West office tower

Shortly after unveiling the design of its new Legacy West office tower, Dallas-based Gaedeke Group plans to break ground on the 14-story, 327,856-square-foot building, which is the first of a two-building office complex.

The complex will sit next to the headquarters of FedEx Office and Toyota North America upon completion of the two campuses. Liberty Mutual Insurance also will have a large regional hub near the new building.

Read More Here on the Dallas Business Journal 

Conifer expands Frisco HQ; to add 660 new jobs

Frisco-based Conifer Health Solutions, a subsidiary of Dallas-based Tenet Healthcare Corp. (NYSE: THC), has significantly expanded its North Texas headquarters, with plans to add an estimated 660 employees to its corporate office.

“We’re experiencing a lot of growth with new clients and internal growth,” James Enna, Conifer vice president of finance and accounting, told the Dallas Business Journal in an exclusive interview.

Read More Here on the Dallas Business Journal 

Another downtown Austin site to go vertical; office, shops and parking planned

Brandywine Realty Trust, a big East Coast real estate company, continues to nab market share in Austin and has a downtown development on the drawing board.

An office, parking and retail structure is in play at 405 Colorado St., just south of the Frank hot dog restaurant. The company has issued a request for proposals to engineering companies, according to sources. The site is one of the few remaining surface parking lots downtown.

Read More Here on the Austin Business Journal 

After billions in new investments, Texas ranks as best state for business

After billions of dollars in new development projects in 2014, Texas is being recognized as one of the best states for garnering big company investments and creating jobs.

California’s Farmer Bros. coffee company moving HQ to North Texas

Another California company is headed to North Texas.

Farmer Bros. Co. – a 103-year-old coffee company that is based in Torrance, Calif. – said Tuesday that it’s moving its headquarters to Denton County.

Farmer Bros. will relocate to a new half-million-square-foot office and distribution center on Interstate 35W near Texas Motor Speedway.

Read More Here on The Dallas Morning News 

Fort Worth’s apartment rent growth breaks record at 6.8% annual gain

Fort Worth’s annual effective rents grew 6.8 percent year-over-year in March, which is the city’s highest rent gain in the current real estate cycle, according to research from Addison-based Axiometrics.

Meanwhile, the annual effective rent growth for the same time period in Dallas reached 6 percent. Dallas and Fort Worth’s annual rent increases surpass the national effective rent growth of 5 percent.

Read More Here on the Dallas Business Journal 

Investors Turn to Big Real-Estate Funds

Investors are pouring more money into real-estate funds than they have since the property bust, but a few giant fund firms are collecting the lion’s share of the spoils.

Pension funds, endowments and other big institutional investors are putting more cash into private-equity firms with large real-estate funds and strong track records, leaving smaller firms to fight over the scraps.

Read More Here on The Wall Street Journal