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 DFW healthcare developments over the past decade, I believe the market is stable," Buis said. "We’ve seen healthy demand from tenants to keep up with the new supply, and developers aren’t overbuilding. The population bo

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 development and will allow the project to move forward. He said he could not comment further but that more details would be shared soon. The development had been facing foreclosure for about a year after construction stopp

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. Medical City Frisco CEO Charles Gressle said the groundbreaking for the office extension parallels the growth of the city of Frisco, as well as the surrounding communities in North Texas and Medical City Frisco itself. W

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 corporations,” Frisco Economic Development Corp. President Ron Patterson said. Frisco has actually been on a roll for much of this decade. The city reached critical mass in terms of site selection when Dallas Cowboys owner Jerr

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 "bridge" to connect existing building "pods." HKS, INC.

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 ballpark. Anthony Satarino, the planning manager for Frisco, told the council that a new zoning outline was necessary due to the limitations the 2002 measure put on a future hotel. In the previous ordinance, a hotel was cap

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 consideration at a time when real estate brokers say Keurig Dr Pepper is planning to relocate its longtime offices from Plano's Legacy business park to The Star. To entice the move, the city will sell the 2.49-acre site at a red

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 oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City." Follow live updates from CNN Business on

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 on the latest wrinkle in what has been a high-profile and sometimes emotional search. Dallas Mayor Mike Rawlings, who took the lead in the attempt to lure the e-commerce giant, also declined when reached by the Dallas B

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 were up in 2018, the median new home sales price fell because builders were trying to produce more affordable homes for buyers. "D-FW's median new home price has dropped since last year, yet the decrease in price is not

Will DFW benefit from new San Francisco tax on its large corporate headquarters?

These companies move or are about to move their headquarters out of the Bay Area. Retaining a corporate headquarters in the city of San Francisco became a pricier proposition after San Francisco voters last fall approved a gross receipts tax on large businesses to support homeless services. StartFragment McKesson’s recent decision to move its headquarters to North Texas raises the question of whether other major companies will decide to move their headquarters out of the city of San Francisco. Show Full Story Retaining a corporate headquarters in the city recently became a pricier proposition after San Francisco voters last fall approved a gross receipts tax on large businesses to support ho

World's Largest Tool Maker Puts Regional Hub in North Texas. Dallas-Fort Worth Poised to Overtak

Stanley Black & Decker, the world's largest tool maker, agreed to open a major distribution facility in North Texas, bringing another marquee nameplate to a region that is overtaking larger population centers to become one of the biggest logistics hubs in the United States. The 1.2 million-square-foot facility, called Alliance Northport 3, is part of the 260-acre Alliance Northport development in the Town of Northlake, a small ranch community about 15 miles north of Dallas-Fort Worth International Airport along Interstate 35W -- a major north-south corridor in Texas -- and State Highway 114. The distribution hub is scheduled to open next month; construction began last year as part of an ongo

Tenants Told to Leave Valley View Mall by Next Month

After years of delay on plans to replace Valley View Mall in Dallas with and entirely new community, several remaining mall tenants confirmed Friday they have been told they must leave by next month. StartFragment Isabel Moyron has run Isabella's Flowers, Crafts and Gifts at the mall for the past 7 years. "They bring us a memorandum," she said. "We expected that, anyhow. We were ready." Show Full Story When she first started shopping at the mall many years ago, she could not afford rent at what was at that time a very busy place. "It used to be full, with all kinds of stores, like a regular mall," she said. StartFragment Over the years the shopping center declined and Developer Scott Beck b

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