Plano gets top marks in apartment renter survey

Plano is at the top of a list of U.S. cities that renters say are the best places to live.

Apartment List’s latest renter confidence survey put Plano with Boston and Arlington, VA as the three best markets in the country.The apartment marketing firm compared conditions in 100 U.S. cities for the report.

Apartment renters were asked to rate the areas for factors including safety, state and local taxes, access to recreation, commute times and economic conditions.

Read More Here on The Dallas Morning News

DFW office vacancy reaches 15-year low

Office space in Dallas-Fort Worth has reached a 15-year low as lease rates continue to climb, driven by the region’s booming economy that brought in roughly 110,500 jobs in the past 12 months, according to the latest JLL data for the second quarter of 2015.

“We are a major job generator and there’s nothing in the cards to show it will change in the near future,” Walter Bialas, vice president and market research director for JLL, told the Dallas Business Journal.“This is an interesting economic cycle we’re in right now.”

Read More Here on the Dallas Business Journal

Report: Commercial real estate investment up 45 percent in first quarter

U.S. commercial real estate activity soared in the first quarter, according to a new report by Colliers International.

Commercial property investments jumped 45 percent in the first three months of 2015 compared to a year earlier, the Seattle-based commercial real estate firm reports.

Investment volumes totaled $129 billion year over year, with the largest volumes going into office transactions ($33.5 billion) and apartment ($33 billion.)

Read More Here on The Dallas Morning News 

Soaring D-FW home prices mean trouble for buyers, higher tax bills

A report that says Dallas homes are overvalued couldn’t have come at a better time.

The study by a top Wall Street analyst was released just as local residents are getting their annual property tax appraisals. The tax appraisal on my house is up more than 25 percent. Yikes. So you won’t get any argument from me that Dallas home values are rising way too fast.

Believe it or not, home prices are jumping in North Texas for the “right” reason.

Read More Here on The Dallas Morning News

Scott Beck’s $3.5B Valley View redo is at the gate, ready to go

ts been about three years since Dallas developer Scott Beck, through his firmBeck Ventures, unveiled plans for a massive redevelopment of the 430-acre site surrounding the firm-owned mall, Valley View Center.

In that time, plans have evolved and costs have escalated as Beck refined his reimagined Valley View community. Now, Beck and city officials could nearly be ready start developing on those plans, which were funded with the help of a $250,000 grant from the city.

Read More Here on the Dallas Business Journal

Stonelake will build $250M urban residential district in West Dallas

Stonelake Capital Partners announced Thursday that it plans to develop a $250 million urban residential district in West Dallas called Trinity Green.

The Dallas-based private equity firm closed on the purchase of 25 acres at 1000 Singleton Blvd. in December. It is at the intersection of Singleton Boulevard and Sylvan Avenue.

Read More Here on the Dallas Business Journal

Best Real Estate Deals 2015: Lifetime achievement goes to JLL’s Paul Whitman (Video)

If it weren’t for Paul Whitman’s father, who recommended his son get into real estate, perhaps the 47-year real estate veteran would’ve followed a very different career path.

But then JLL’s Executive Chairman of the Americas Roger Staubach would’ve missed meeting the “famous real estate guy in Dallas.”

Read More Here on the Dallas Business Journal