Deal finalized for new global headquarters of Toyota Group spinoff

A real estate deal to bring the new global headquarters of a Toyota Group spinoff — Toyota Industries Commercial Finance Inc. — to Dallas has become finalized, officially following in the footsteps of sister company Toyota North America.

Torrance, California-based Toyota North America is building a new corporate campus in Plano to consolidate its North American operations under one roof.

Read More Here on the Dallas Business Journal

New rendering shows Richardson’s $1.5 billion CityLine project when it’s finished

Developer KDC has released a new rendering of what it’s huge CityLine project in Richardson will look like when it’s finished.

The $1.5 billion, 186-acre development at Plano Road and Bush Turnpike in the Telecom Corridor is one of the largest new mixed-use developments in the country.

It’s home to State Farm Insurance’s 8,000-worker regional campus. And Raytheon will start moving the first of its more than 1,500 workers into the project later this year.

Read More Here on The Dallas Morning News

Toyota finance firm chose Dallas HQ after looking at other U.S. locations

Toyota Industries Commercial Finance Inc. picked Dallas for its new headquarters after looking at potential locations in other U.S. cities.

The finance company of Japan’s Toyota Industries Corp. was set up last year and is locating its head office in the Cypress Waters development near LBJ Freeway and Belt Line Road.

Read More Here on The Dallas Morning News 

Texas looking to lasso General Electric’s headquarters

It appears Texas Gov. Greg Abbott has thrown the Lone Star state’s hat into the ring as a suitor for the headquarters of Connecticut-based General Electric, according to a report by Hearst Connecticut Media Group.

The news group obtained a one-page letter Abbott reportedly sent to General Electric CEO Jeffrey Immelt promising the company a smaller tax bill and lots of economic incentives.

Read More Here on the Austin Business Journal

Liberty Mutual’s 2 towers a ‘statement’ piece for $2B Legacy West project

When Fehmi Karahan brought Dallas-based KDC into his $2 billion vision for Legacy West, he knew he’d picked the right partner to construct beautiful office buildings.

And that is one reason why Boston-based Liberty Mutual Insurance’s expansion into North Texas will become a statement piece at the southwest corner of the Dallas North Tollway and the Sam Rayburn Tollway in West Plano.

Read More Here on the Dallas 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.

Watch one of the largest office developments in North Texas history rise in two year time-lapse video

State Farm Insurance’s new regional office campus in Richardson is slowly filling with almost 8,000 workers.

The 3-tower office complex at Plano Road and Bush Turnpike was developed by Dallas-based KDC.

Construction started on the 1.5 million-square-foot project two years ago and work is finishing up on the first three towers

Read More on The Dallas Morning News

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