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Dallas-Fort Worth Trails Only San Francisco, Seattle In Q1 Net Office Absorption

[if IE 8]> <link rel="stylesheet" href="https://www.bisnow.com/css/style-ie8.css"> <![endif][if lt IE 9]> <![endif][if (gte IE 9) | (!IE)]> <![endif] StartFragment The Dallas-Fort Worth office market is seeing sustained, demand-driven growth with net absorption that rivals the top office markets in the country, according to the latest report from Transwestern. DFW net absorption numbers are behind only San Francisco and Seattle — and ahead of San Jose/Silicon Valley — for Q1. Flip those locations for four-quarter trailing numbers — the Dallas-Fort Worth office market soaked up 5.5M SF of office space in the last 12 months, second only to San Jose-Silicon Valley, which posted just ove

You Want To Know More About Amazon HQ2? Enjoy The Silence

Nine months ago, Amazon tucked itself into a cannonball and splashed every city in North America with an unprecedented public challenge: Convince us to build a multibillion-dollar headquarters in your town. StartFragment There were only a few requirements. For starters, Amazon would need a metropolitan area of least 1 million people. An international airport was compulsory, as were inroads to a few major universities. Cities were encouraged to provide financial incentives, and the dollar figures bandied about quickly soared into the billions. The prize: a $5B investment for Amazon’s second headquarters and 50,000 new jobs. Show Full Story The waves from that initial plunge morphed into what

Warren Buffett's Berkshire Hathaway to purchase Ebby Halliday, portfolio of brands

Ebby Halliday kicking up her Texas-inspired cowboy boots at her famed little house turned office in Preston Center. Ebby Halliday announced Monday it will be acquired by a subsidiary of Warren Buffett’s Berkshire Hathaway. Minneapolis' HomeServices of America will purchase the North Texas-based real estate company’s three brands: Ebby Halliday, REALTORS and Dave Perry-Miller Real Estate, both based in Dallas, as well as Williams Trew Real Estate, headquartered in Fort Worth. It will also acquire the firm’s affiliated mortgage and title companies. Show Full Story Ebby Halliday and its brands will continue to function under their current brand names, according to a news release. Financial ter

Howard Hughes Corp. partnering with city of Allen on 270-acre development

Monach City is being developed on 270 acres. HOWARD HUGHES CORP./JLL The property will have a 2-to 3-block main street with retail and restaurant options. HOWARD HUGHES CORP./JLL Currently, plans call for roughly 4.25 million square feet of office space. HOWARD HUGHES CORP./JLL Monarch City was designed to be walkable for office tenants and residents who visit the property. HOWARD HUGHES CORP./JLL Start Marketo Munchkin End Marketo Munchkin Schema.org Definition Start VWO Async End VWO Async Start BounceX tag. Deploy at the beginning of document head. End BounceX Tag StartFragment Allen’s population growth, access to major employers a

Hall Park developer seeks to add live, work, play concept to office park; plans include performing a

Hall Park, one of the first and largest office parks in Frisco, could include a live, work and play concept in the future. Craig Hall, developer behind Hall Park, presented his master plan to update the office park Wednesday in a joint work session of the Frisco City Council and the Planning and Zoning Commission. “We are looking to update and modify our current planned development zoning to continue to stay relevant,” Hall said during the meeting. Show Full Story The expected project cost would be $3 billion, and the size of Hall Park would increase from 2.5 million square feet to 8 million square feet, according to the plans. Hall Park is a 162-acre development with 200 companies and more

North Texas tops Forbes' best cities for jobs

With 25.6-percent job growth since 2006, the Dallas-Plano-Irving area ranked No. 1 on Forbes’ 2018 list of the best cities for jobs. It marks the North Texas region’s second year in the top spot after it dethroned San Francisco in 2016. Its two-year reign stems from consistent job growth over the past several years, Forbes reported. Last year, Dallas-Plano-Irving posted 2.8-percent growth, and has seen 19.6-percent growth since 2012. “Simply put, this Energizer bunny just doesn’t stop,” Forbes wrote. The region is poised to keep hold of its job consistency for a few reasons. It’s home to a range of industries, with the Big D posting double-digit percentage growth in almost every sector that

Frisco to offer driverless rides to public under new partnership

The driverless-car industry is gaining momentum, and this time it's going to let the public in Frisco take it for a test ride. A California startup called Drive.ai — working with the Frisco Transportation Management Association — will offer trips to more than 10,000 people, according to a statement issued Monday. The vehicles will travel between fixed points in an area devoted to retail, entertainment and offices at HALL Park and the Star in Frisco. The pilot program, which will operate on public roads, is slated to start in July. It will run for six months, with a planned expansion in Frisco Station. The partnership is part of an industry effort to push the technology to a broader audience

University of North Texas will build first permanent branch campus in Frisco; construction to start

Frisco Mayor Jeff Cheney, left, and UNT President Neal Smatresk pose for a photo with UNT mascot, Scrappy the Eagle. (via Courtesy UNT) The University of North Texas will build a permanent branch campus in Frisco to serve at least 5,000 students. Construction is scheduled to start no later than March 2022. Show Full Story StartFragment On Tuesday, Frisco City Council, the Frisco Economic Development Corp. and the Frisco Community Development Corp. unanimously voted to approve the new campus. The future UNT branch will be located at the southwest corner of Preston Road and Panther Creek Parkway on 100 acres of land, to start, provided by the city of Frisco at no cost. “The benefit to Frisco

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