Love Field area boom will bring first new office project there in decades

Developers are set to begin construction on the first office building near Love Field in almost three decades.

KDC — the same developer that did the huge State Farm Insurance campus in Richardson — plans to build the office project as part of the $200 million mixed-use West Love development under construction on Mockingbird Lane.

Read More Here on The Dallas Morning News

D-FW apartment rents rise higher than national average with a jump in January

North Texas apartment renters just can’t catch a break.

After near record rent increases last year, a just-released snapshot of January’s Dallas-Fort Worth apartment market shows more rent hikes are on the way.

Dallas-area apartment rents were up 5.7 percent last month compared with January 2015, according to the new research from apartment analyst Axiometrics Inc.

Read More Here on The Dallas Morning News

Case-Shiller: Dallas-area December home price gains the largest in almost 2 years

Dallas-area home prices posted another lofty gain in the latest nationwide comparison.

Dallas prices were up 9.6 percent in December from a year earlier in the Standard & Poor’s/Case-Shiller Home Price Index released Tuesday.

The local home price rise was among the five largest such increases in the country and was almost twice the nationwide gain of 5.4 percent.

Read More Here on The Dallas Morning News

3 Multifamily Trends That Could Impact Your Bottom Line

Bisnow reports on three trends in the multifamily industry: Retail Pricing, Assumptions, and Maturing Debt.

From reporter Tonie Auer:

There’s no slowdown on multifamily deals, but there’s some trends to watch as you hit the gas pedal on deals. Berkadia senior director Michael Ware tells us three trends his team is closely monitoring.

Read the full article at

More details revealed for historic renovation project in downtown Houston

A Dallas-based developer is poised to transform an iconic office building in downtown Houston into a luxury apartment tower that blends historical architectural elements with modern amenities.

Todd Interests is under contract to purchase and redevelop the Great Southwest Building, formerly known as the Petroleum Building. The 21-story office tower, built in 1927, is located on Texas Avenue, between Austin and Capitol streets, along the eastern half of city Block 72 near Minute Maid Park.

Read More Here on the Houston Business Journal

How a financial industry giant is quietly growing its Austin empire

Charles Schwab Corp. (NYSE: SCHW) is moving forward with plans to build a dedicated campus for employees in North Austin starting with about $14.5 million in renovations at the so-called “Tivoli Building,” which it purchased nearly a year ago.

The acquisition, which closed in August 2014, included the mid-rise Tivoli office built in 2000, a 500-space parking structure and 60 acres that eventually will be developed. IBM Corp. was the seller of the property located near the Top Golf facility at Burnet Road and Esperanza Crossing.

Read More Here on the Austin Business Journal

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

Galderma looking to expand its U.S. headquarters in Fort Worth, add 342 new jobs

Fort Worth-based Galderma Laboratories LP would like to expand its U.S. headquarters with a new 100,000-square-foot facility in the Interstate 35W corridor in north Fort Worth that could become home to 342 new jobs.

But the deal is contingent on state and local economic incentives, which have yet to be approved.

The international manufacturer of dermatological products could also choose to expand its operations with a new facility in Granbury, New Jersey.

Read More Here on the Dallas Business Journal

Commercial projects adding new retail, office and apartments at McKinney’s Craig Ranch

McKinney’s Craig Ranch has completed more than $130 million in commercial real estate deals that will add new retail and office projects to the popular Collin County community.

Construction is underway on the Marketplace at Craig Ranch, a 100,000-square-foot shopping center at Custer and Stacy roads that will include a supermarket and additional retailers. Encore Enterprises Inc. has bought 20 acres for the retail center.

Read More Here on The Dallas Morning News