New multifamily housing developments are absorbing the influx of residents flocking to Dallas-Fort Worth.
Developers will deliver about 27,000 multifamily housing units in DFW this year, which, according to a recent Marcus & Millichap, Inc. (NYSE: MMI) report, will be the highest in any market across the nation in 2018.
So far this year, more than 6,700 apartments in the metroplex have been completed, and more than 100,000 new employees joined the workforce since last year.
The growth has resulted…
In 2010, the town of Northlake, situated more than 40 miles away from Dallas, celebrated its 50-year anniversary with less than thousand residents.
“There were rumors of other towns coming out to get us and we didn’t want to be in another town,” former mayor Nita Seals had said about the town’s beginning, according the town’s website.
Now, Northlake is set to welcome more than 3,000 new homes, thanks to real estate developer Hillwood Communities.
The Dallas-based developer broke ground…
The Legacy Senior Communities, a non-profit charitable organization that serves seniors, broke ground on its new $175 million retirement community home, The Legacy Midtown Park, on June 18.
The community, located at the Midtown Park development on 10 acres of land in Dallas, will generate approximately 350 jobs.
“A community is judged by the way it cares for its elders, and it is our responsibility to build a campus that provides a wonderful lifestyle, offers the highest quality of care and…
As rents rise in United States' coastal cities, people are flocking to the center of the country. Out of the nation’s 25 largest cities, Dallas finds itself in the middle for rent growth, as well.
According to an Apartment List report released earlier this month, Dallas experienced a 1.1-percent rent increase over last year. That put Dallas at No. 13 on the list of 25 cities.
The rate of rent increase in Dallas has been on a decline since 2016, when the rate was 5.4 percent. The growth rate…
In 2017, Americans flipped 207,000 single-family homes or condos, hitting an 11-year high, according to ATTOM Data Solutions, a real estate data company. And real estate brokers, designers and contractors credit the popularity of reality TV, specifically scrappy, do-it-yourself flipper shows, with encouraging this new generation of investors. But reality rarely measures up to reality TV.
Former pro cyclist Lance Armstrong has reportedly sold his house in the Old Enfield neighborhood to Carey Smith, founder and former CEO of Big Ass Fans, who has moved to Austin to start a new business venture.
Smith paid an undisclosed amount for the 8,185-square-foot home at 1706 Windsor Road, the Austin American-Statesman reports. It went on the market in March with a list price of $7.5 million and listing agent Laura Gottesman at the helm; the Statesman reports that Smith was represented by Cari…
Following millions of dollars in renovations, a downtown Dallas office tower is attracting new tenants.
Quadrant Investment Properties in 2016 unveiled plans for improvements to Saint Paul Place, a 22-story, 273,217-square-foot building at 750 N. St. Paul St. Quadrant’s renovations included adding an outdoor patio deck with a fire pit, a conference center, a tenant lounge and an updated espresso bar.
Thanks to the refresh, CBRE, which acts as the building’s leasing representative, this week…
For 50 years, Shaddock Homes has specialized in building custom, luxury homes in the Dallas-Fort Worth area. The key to the company’s longevity and growth has been building the most beautiful houses, CEO Peter Shaddock says.
Foxworth-Galbraith is a family business run by Jack Foxworth, who’s part of the fourth generation of families that have worked at the company. Today, family members in the third, fourth and fifth generations work at the company.