IN THE NEWS

New report: Commercial real estate investment up 45 percent in first quarter

U.S. commercial real estate activity soared in the first quarter, according to a new report by Colliers International. Commercial property investments jumped 45 percent in the first three months of 2015 compared to a year earlier, the Seattle-based commercial real estate firm reports. Investment volumes totaled $129 billion year over year, with the largest volumes going into office transactions ($33.5 billion) and apartment ($33 billion.) “Overall, we are seeing investor confidence continually emboldened, as evidenced by the increase in cross-border investments across property types,” Brian Ward, Colliers’ president of capital markets and investment services said in a statement. Foreign inve

Done Deal

Frisco, TX – AA Marvels has purchased a 2.84 acre tract of land at Eldorado Parkway and Teel Parkway for a Montessori school. Kara Porter and Steve Burris with Capstone negotiated the transaction.

Toyota unveils sprawling North American campus in Plano (Video)

Link to video: http://www.bizjournals.com/dallas/news/2015/06/24/toyota-unveils-sprawling-north-american-campus-in.html?ana=e_du_pub&s=article_du&ed=2015-06-24&u=Bzi8jRU3/+7DItJbsTayGg02f3c170&t=1435183056 As Toyota Motor Corp. (NYSE: TM) unveiled its new North American headquarters in West Plano on Wednesday morning, CEO Jim Lentzsaid the company's sprawling campus would help make its 4,000-member team even stronger. "Bringing our team members together at this striking and inspiring new campus in Plano will help Toyota become a more cohesive, collaborative and innovative company so we can serve our customers better," said Lentz, who unveiled the designs of the campus during a press conferen

Is the worst over for the Texas economy? Dallas Fed researchers say maybe

Two Federal Reserve Bank of Dallas researchers think the worst of the Texas economic slump may be over. “The Texas economy had a rough start in 2015, with a sharp deceleration in growth from the end of 2014,” Dallas Fed senior economist Pia Orrenius and research assistant Emily Gutierrez wrote in a new report. We know the economy took a hit from the oil price collapse, the strong U.S. dollar’s negative impact on exports, the West Coast port strike and bad weather. “Compared with the weak first quarter, the regional economy is looking slightly better in the second quarter,” Orrenius and Gutierrez said. “The dark clouds over the regional economy are breaking up just enough to let some rays of

Cover story: For Plano developer Fehmi Karahan, details drive his Legacy

When Fehmi Karahan walked into a meeting with the real estate team from Electronic Data Systems, he was pensive. The Turkish-born developer was one of a number of developers being interviewed in 1998 for a seemingly impossible task: build an urban oasis in West Plano. Up until that point, Karahan had only built smaller retail centers. He was a lightweight compared to the other national developers going through EDS' selection process. EDS wanted to build a corporate campus unlike any other in North Texas, building on the foundation of Ross Perot Sr.'s original vision. Perot built the company's headquarters on a former golf course, which led to the formation of Legacy Business Park. That's how

Here’s what Dallas Midtown could look like when Valley View’s torn down in 2016 (probably)

More than three years after we were first introduced to the Valley View Mall redo known as Dallas Midtown (one day), developer Scott Beck told the Dallas City Council today that he’s “shovel-ready” and prepared “to tear down the mall in December.” But a few roadblocks remain, among them some property owners who aren’t on board with the development, and a new thoroughfare plan inside the confines of what Beck Ventures promises will one day be a $20 billion development spread out over 450 acres more or less between Valley View and the Galleria. Both were on display at Dallas City Hall today as council was asked to vote on the new plan as part of its walloping pre-summer break agenda. The detai

Chase looking at office campus sites in West Plano, Frisco

J.P. Morgan Chase is narrowing down its locations for a new regional corporate campus. The banking and finance giant is looking at spots in West Plano and Frisco – including the big Legacy West development, real estate brokers who are tracking the deal say. For several months commercial real estate firms JLL and CBRE have been representing Chase as it considers building a new office campus that could total as much as 1 million square feet. Chase would consolidate North Texas workers now in several locations into the new operations center, brokers who are familiar with the deal say. Chase is looking at two potential locations in Legacy business park as well as other land in Plano. And the ban

Huntington Learning Center Grand Opening

Huntington Learning Center Grand Opening in Frisco at the SEQ of Preston Road and Lebanon in the Tom Thumb center. Daniel Segreto is pictured along with the owner Harry Winters at the ribbon cutting ceremony.

Pro Source Athletics Golf Tournament

The Team Athletics staff would like to invite you to join us for our new and improved Golf Tournament on Monday, June 8, 2015. We look forward to this wonderful opportunity of fellowship in an effort to support the Team Athletics program. This particular event will be instrumental in the success of our program. Through your selfless support, this event enables our program to develop scholarship opportunities for our athletes, as well as increase the quality and availability of ministry and community involvement. The generous support and participation in our tournament will play a huge role in achieving the most successful year for Team Athletics to date. We would like to personally thank all

GUESS WHO'S THE NO. 1 BUSINESS FRIENDLY CITY IN THE US

Dallas earned bragging rights for having the highest overall business friendly score out of the nation's 100 most populated cities, according to MarketWatch.com. Rankings were based on three categories: economic outcome (Dallas scored 648 out of 750 points), company performance (562 out of 800) and business climate (478 out of 800) totaling 1,687 points. San Francisco came in second with 1,665 and Seattle came in third with 1,651. CBRE vice chairman Jeff Ellerman (right, with colleague Phil Puckett) tells us employers are drawn to Dallas because of its pro-business attitude, Central time zone, affordable and quality standard of living, no state income tax and proximity to an international ai

WHY DIGITAL SIGNS ARE A LANDLORD'S NEWEST SECRET WEAPON

Commercial landlords are eager for the latest in tech, whether it be repositioning boring office into "creative" space (and bumping up the rents), or even stepping up their signage game. Enplug chief strategy officer Jessie Kim tells us how this relatively easy and inexpensive move can pay big dividends. Jessie says the Culver City startup wasn't even looking at commercial real estate, but that the business came looking for Enplug. The company offers a number of services, including digital directory software and apps that go along with it. Unlike some other companies in the space, Enplug doesn't sell the signage—just the software. "Our clients can use something more like a household TV, so

Done Deal

Carrollton, TX - Legacy Aeronautics has leased 12,500 SF of industrial space at 2145 Chenault. Paul Blight of Glacier Commercial negotiated the lease with Larry Robbins of Capstone Commercial.

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