Charles Schwab to build corporate campus near Perot’s Circle T Ranch development

San Francisco-based Charles Schwab (NYSE: SCHW) could open up a massive operations center on a corporate campus planned adjacent to Circle T Ranch, a 2,500-acre mixed-use, master-planned development in Westlake.

The financial services company is expected to buy 74 acres of land adjacent to the Circle T Ranch from Hillwood by the end of the year, according to real estate sources.

“We’re very interested in the Dallas area for future growth and have signed a lease in the Westlake area that can accommodate up to 500 employees,” said Sarah Bulgatz, a spokeswoman for Charles Schwab, in an email to the Dallas Business Journal. Bulgatz declined to comment concerning speculation about future real estate deals involving Charles Schwab.

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Tax breaks for multifamily develoopment could reinvigorate East End

An Urban Land Institute panel of experts weighed in on initiatives that would spur more development to Houston’s East End.

The panel said that increasing residential density, particularly along the light rail, is the first step toward bringing needed amenities, like a supermarket, to the neighborhood. More multifamily development will bring more retail to the area, the panelists said, which will in turn increase the tax increment reinvestment zone (TIRZ) funds that can go to infrastructure improvements to the streets and parks of East End.

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