Children’s Health, Texas Health Resources to occupy new medical center at Richardson’s CityLine development

With more than 10,000 workers in the project, Richardson’s new CityLine development will have shops, restaurants, a hotel and apartments.

And there will also be a new medical facility to serve employees for State Farm Insurance, Raytheon and other employers in the 186-acre campus.

Children’s Health and Texas Health Resources will begin occupying the new medical building which is nearing completion at the southwest corner of Plano Road and Bush Turnpike.

Read More Here on The Dallas Morning News 

KDC, Richardson to open new CityLine Drive, paving way for $1.5B project

Dallas-based developer KDC and the City of Richardson plan to officially open CityLine Drive on Tuesday,paving the way for a $1.5 billion, 186-acre mixed-use development in Richardson.

The group plans to host a ribbon-cutting ceremony on Tuesday, which marks the completion of the development’s infrastructure that was developed in partnership with KDC, Richardson, Collin County, the North Central Texas Council of Governments, and Dallas Area Rapid Transit.

Read More Here on the Dallas Business Journal

5 Cities Poised To Be The Next Silicon Valley Tech Hub

As witnessed in Silicon Valley over the last two decades, Tech industry growth impacts housing values and creates a profitable environment for real estate investment. But while Silicon Valley remains the premier Tech center in this country, California’s real estate scene is over saturated.

These Tech hubs – Austin, Dallas, Seattle, Chicago and Miami – are prime environments for real estate investment.

Read more here on Forbes

Central Texas Economy in Perspective

The Austin metropolitan area added 27,700 jobs, or 3.1%, in the 12 months ending in January, according to Friday’s releases of payroll jobs numbers by the Texas Workforce Commission (TWC). Austin trails each of the other major Texas metros. Dallas grew by 4.6%, Fort Worth by 4.1%, Houston by 3.8% and San Antonio by 3.4% between January 2014 and January 2015.

Read more here on The Austin Chamber of Commerce

Homeownership in Dallas area falls as millennials balk at buying

Dallas-Fort Worth has one of the lowest big-city homeownership rates in the country. We’re counted with the likes of Los Angles, New York City and San Francisco as cities that have the smallest share of owners vs. renters, according to a new Census Bureau report.

At the start of 2015, there were more apartments under construction in North Texas than single-family homes. The DFW area has the fastest-growing apartment market in the country, with more than 30,000 units in the development pipeline.

Read more here on The Dallas Morning News

Dallas ranks among top 30 cities worldwide in global real estate investments

According to research by Jones Lang LaSalle (NYSE: JLL), with real estate investment levels reaching a new high of an estimated ten dollars chasing each dollar of prime assets, real estate is no longer considered a consequence of city success, but is now actively employed to drive it.

A look at the 30 cities worldwide where 50 percent of the US$4.6 trillion in direct commercial real estate investments has been concentrated over the past decade highlights real estate’s impact on the strength of super and primary cities and the growth of second-tier cities.

Read more here on The Investor