Luxury apartment complex breaks ground near new Exxon Mobil campus

A new luxury apartment project has broken ground in Springwoods Village, a growing master-planned community north of Houston.

Martin Fein Interests Ltd. began construction in June on The Mark at CityPlace Springwoods Village. The six-story, 268-unit apartment project is located on 3.75 acres in a $10 billion mixed-use development called CityPlace, along Springwoods Village Parkway next to Exxon Mobil Corp.’s (NYSE: XOM) new campus.

Read More Here on the Houston Business Journal

Texas was the top U.S. commercial real estate market last year

Last year was the best time for commercial real estate in seven years, according to a new study.

And Texas was the top commercial property market in the country, a report by NAIOP, the Commercial Real Estate Development Association, finds.

The industry group said that commercial real estate’s contribution to the national economy rose by 40 percent in 2014 from the previous year.

Read More Here on The Dallas Morning News 

Wade Park developer lands The Rustic, Steel City Pops at $1.6B project in Frisco

The development group behind Wade Park has landed some sought-after retailers, entertainment venues and restaurants for the $1.6 billion, 175-acre mixed-use development — from The Rustic to Steel City Pops to furniture retailer Arhaus.

By landing these shops, Atlanta-based Thomas Land & Development will be able to create an experience and destination unlike any other in the vicinity of the project along the Dallas North Tollway.

Read More Here on the Dallas Business Journal

J.P. Morgan Chase whittles down DFW search for new home for 6,000 employees

Banking and financial services company J.P. Morgan Chase & Co. could be closer to making a decision on its real estate search for a new Dallas-Fort Worth home for 6,000 of its North Texas employees.

The firm has narrowed down the options to the north end of the Dallas North Tollway at the $2 billion Legacy West development and other corporate options along Frisco’s $5 Billion Mile, according to real estate sources close to the deal. J.P. Morgan Chase (NYSE: JPM) is expected to select a location in the next few weeks, they said.

Read More Here on the Dallas Business Journal 

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 

First & 10: Dallas Cowboys HQ and practice facility takes shape in Frisco

The Dallas Cowboys headquarters and practice facility — a $350 million campus project known as The Star in Frisco — is beginning to take shape in Frisco’s $5 Billion Mile.

“It’s coming along pretty good,” said Joe Hickman, CEO of Blue Star Land LP, a Cowboys-affiliated firm developing the 91-acre project anchored by a 12,000-seat indoor practice facility.

Read More Here on the Dallas Business Journal

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

Top restaurant operators are flocking to Plano’s new Legacy West development

Not just Toyota and Liberty Mutual Insurance are moving to the new Legacy West development in Plano.

Some of the country’s top restaurant operators are heading to the $2 billion Collin County development, too.

Karahan Cos. – which also developed the successful Shops at Legacy retail center in West Plano – has already signed leases with a more than a half dozen big name restaurants for Legacy West.

Read More Here on The Dallas Morning News 

Conifer expands Frisco HQ; to add 660 new jobs

Frisco-based Conifer Health Solutions, a subsidiary of Dallas-based Tenet Healthcare Corp. (NYSE: THC), has significantly expanded its North Texas headquarters, with plans to add an estimated 660 employees to its corporate office.

“We’re experiencing a lot of growth with new clients and internal growth,” James Enna, Conifer vice president of finance and accounting, told the Dallas Business Journal in an exclusive interview.

Read More Here on the Dallas Business Journal