February - 2019

IN THE NEWS

DFW Tops The Nation In MOB Development

DFW Tops The Nation In MOB Development

DFW had the nation's highest rate of medical office building completions from Q3 2017 to Q2 2018, according to a new report from CBRE. MOB construction deliveries totaled 954K SF during that period, with another 95K SF of medical space still under construction as of the last half of 2018. Even development that robust doesn't add up to overbuilding, at least not yet, according to CBRE Senior Vice President, Global Workplace Solutions Jordan Buis. “Although we’ve seen growth in

BREAKING: Frisco’s Wade Park changes ownership

BREAKING: Frisco’s Wade Park changes ownership

Wade Park has a new owner, but the fate of the unfinished 175-acre mixed-use development remains uncertain. An entity called WP Development Partners LLC obtained the deed for Wade Park’s land, according to Collin County records dated Feb. 21. Thomas Land & Development, which filed records as Wade Park Land LLC in Collin County, was the previous owner. Show Full Story Stan Thomas, Thomas Land & Development CEO, said this is a positive step toward securing financing for the de

Medical City Frisco breaks ground on new medical office building

Medical City Frisco breaks ground on new medical office building

The weather didn’t stop Medical City Frisco from celebrating its groundbreaking for the new Medical Office Building and Ambulatory Surgery Center on Wednesday. The $37 million facility is slated is open its doors in spring 2020 and will include 53 patient rooms and one biplane cath lab. The building will also house a $12 million surgery center with 11 operating rooms. Medical City Frisco is located near Toyota Stadium off the Dallas North Tollway and Frisco Square Boulevard.

Why Frisco Has Site Selection Mojo

Why Frisco Has Site Selection Mojo

When it comes to site selection, Frisco has had a good run lately. StartFragment Late last year, Frisco beat out seven other locations to land the PGA of America HQ, which is currently in Florida. The move is arguably as big a deal to golfers as Amazon HQ2 is to techies. This month, Frisco attracted Keurig Dr Pepper to relocate from Plano. There will be more to come, Frisco officials said. “We're confident Frisco will continue to be the destination of choice for major corpora

Apartments could be headed to former J.C. Penney campus

Apartments could be headed to former J.C. Penney campus

A new canopy design at both the north and south entries will become a dramatic new visual element that can feature provide branding opportunity for J. C. Penney and new tenants. HKS INC. The existing atrium will be transformed to incorporate multiple functions with new lighter, brighter finishes and an interesting geometry which supports circulation and interaction. HKS, INC. The new south entry will feature a collaborative "b

Rezoning OK’d for hotel

Rezoning OK’d for hotel

A new development is being proposed that would be next to Dr Pepper Ballpark. File photo The Frisco City Council on Tuesday unanimously moved to rezone the 88.2 acres of land that houses Dr Pepper Ballpark to make way for a potential addition to the space. StartFragment On the intersection of the northeast corner of Dallas Parkway and Ikea Drive, the council lifted the previous zoning ordinance that was adopted in 2002, in hopes of installing a major hotel adjacent to the bal

Dr Pepper's new home? Frisco set to approve new office building at Dallas Cowboys' Star deve

Dr Pepper's new home? Frisco set to approve new office building at Dallas Cowboys' Star deve

The City of Frisco is poised to provide the land for construction of a new corporate office building at the Dallas Cowboys' Star development that's expected to become the new home of Keurig Dr Pepper. Frisco City Council plans to vote Tuesday to contribute the land overlooking the Cowboys' practice field for a 300,000-square-foot or larger building. The city's agenda doesn't publicly identify the beverage maker as the tenant. Show Full Story The project comes up for consider

Amazon cancels plans to build New York headquarters

New York (CNN Business) - Amazon is ditching its plans to build a new headquarters in New York after facing backlash from members of the community. "After much thought and deliberation, we've decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens," Jodi Seth, an Amazon spokeswoman, said in a statement. Show Full Story In the statement, Amazon noted that "a number of state and local politicians have made it clear that they op

Dallas could be back in HQ2 hunt if New York deal falls through

Just when Dallas thought it was a runner-up in the Amazon HQ2 beauty pageant, the city might have a second shot at the crown. StartFragment Amazon (Nasdaq: AMZN) reportedly is rethinking its plans to bring a second headquarters and 25,000 jobs to Long Island City in Queens after local activists and state lawmakers voiced strong objection to the company's deal with New York. The Dallas Regional Chamber, which championed North Texas’ campaign to attract HQ2, declined to comment

D-FW tops U.S. in homebuilding for third year in a row

D-FW tops U.S. in homebuilding for third year in a row

Dallas-Fort Worth edged out Houston to hang on to its spot as the top homebuilding market in the country in 2018. Builders started 34,750 houses in North Texas last year — more than any other metro area in the nation, according to a new report by housing analysts at Metrostudy Inc. Houston was second, with 30,146 home starts. Show Full Story Austin and San Antonio made it onto the annual ranking of the top U.S. homebuilding markets, too. StartFragment While D-FW home starts

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