Experts: Price of a Frisco address continues growth

Major development in North Texas—one of Texas’ fastest-growing regions—is driving thousands of new people to work and live in Frisco every year. However that same development is driving the cost of land higher, which in turn is driving the cost of office space and housing higher. “I’ve been in Frisco now for 20 years, and during that time real estate has continued to go up in cost and it hasn’t slowed Frisco down,” Frisco Economic Development Corp. President Jim Gandy said. “If you look across Frisco and go back a few years and look at where we are today, it’s part of the evolution of a growing city.” Jim Breitenfeld, an associate with Henry S. Miller Brokerage, LLC, said the Dallas-Fort Wor

Dubai-based investor puts The Gate's $1B development plans on the market looking for partners

The Dubai-based investment group behind the proposed $1 billion mixed-use development known as The Gate put portions of the project on the market Tuesday looking for development partners and could sell to a new master developer. "The Gate is being offered for sale with different parcels of the master development," Drew Kile, director at Institutional Property Advisors' Dallas-Fort Worth office told the Dallas Business Journal."At the end of the day, we could sell all the parcels making up The Gate or one buyer could come in and buy the entire project." An Aerial view of the Gate in Frisco, which is a 41-acre palatial mixed-use development near Dallas Cowboys headquarters in Frisco. In Januar

Frisco’s ‘$5B Mile’ reputation going global, recruiting exec says

Frisco’s heavily hyped $5 Billion Mile is getting noticed not just nationwide, but around the world, a top state economic developer said at an executive forum in the city early Wednesday. Frisco has $5.4 billion of investment either announced or under construction within a mile stretch, said Tracye McDaniel, president and CEO of TexasOne, a public-private partnership that markets the state as a premier business location. The organization generates leads for jobs and investment. The Star, a 91-acre campus along the Dallas North Tollway, is part of Frisco's $5 Billion Mile, which is garnering increasing attention from around the globe. JAKE DEAN “That’s Texas-style development,” McDaniel sai

North Collin County Habitat for Humanity Newsletter

Thank You All So Much! Thank you to Capstone Commercial Check this out Thank you to all the volunteers who helped raise the trusses last Saturday! Thank You! Thank You! Thank You!

Dallas-Fort Worth developers spend $6B on construction in 2015

The Dallas-Fort Worth region saw a spike of construction activity in 2015, with a 35 percent growth in year-over-year spending that brought the investment of constructing new commercial real estate to $6 billion. That was enough for North Texas to rank as the No. 3 metro area in the United States based on construction investment. Construction workers on a development site. JOHN WEST New York City and Miami ranked No. 1 with $34.9 billion and No. 2 with $6.3 billion of construction investment in 2015, respectively, according to New York-based Dodge Data & Analytics research. "Factors such as generally rising employment and declining vacancy rates should encourage further growth for offices,

After $1.5B in 2015 building sales, more Dallas-area trophy properties up for sale in 2016

at State Farm's CityLine Project in Richardson, Texas, Wednesday, January 20, 2016. After sales of more than $1.5 billion in high profile properties in 2015, the new year is already looking to continue the hot investment market in North Texas. With State Farm Insurance’s Richardson campus and downtown’s Chase Tower up for grabs, another $1 billion in commercial real estate is set to trade in the Dallas-Fort Worth area. Top commercial property brokers say to expect even more trophy properties to wind up on the sale table in the months ahead. “We remain very optimistic about 2016 because the leasing dynamics in Dallas are so strong,” said Evan Stone, managing director with commercial property

Exclusive: Palatial 'The Gate' development in Frisco expected to cost upwards of $1B

Invest Group Overseas CEO Anas Kozbari has been putting the finishing touches on plans for The Gate, a 41-acre mixed-use development in Frisco near the Dallas Cowboys' headquarters along the Dallas North Tollway. As those plans take shape, Kozbari said the investment by the Dubai-based group will likely increase to nearly $1 billion. An Aerial view of the Gate in Frisco, which is a 41-acre palatial mixed-use development near Dallas Cowboys headquarters in Frisco. "When you get to the real truth of it, it becomes clearer than ever before," Kozbari told the Dallas Business Journal in an exclusive interview over an espresso at the Crescent Court hotel. "We are still working on the number, but i

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