IN THE NEWS

Texas A&M Announces $550M Texas Medical Center Complex

The Texas A&M University System revealed plans to build a $550-million complex in Houston’s Texas Medical Center area. Once completed, the development will house the university’s Engineering Medicine (EnMed) program, while providing housing for medical and nursing students in Houston. Medistar Corp. is the developer. The project will include: Show Full Story Renovation of an 18-story building at 1020 Holcombe Rd. for the EnMed program. Renovation is scheduled for a summer 2020 completion. Ground-up construction on a 704-bed, 572-unit student-housing facility, which will include a 1.2-million-square-foot garage. The project will deliver by June 2022. Ground-up construction on a 30-story medi

Innovation Hub Called 'Silicon Valley of Golf' Ready to Tee Off in Texas PGA

When PGA of America's Chief Operating Officer Darrell Crall and other top executives of the golf industry group began touring the country in search of fertile ground for creating innovation for the sport, they didn't expect to find it on a former cattle ranch. Show Full Story But, as Crall and his team navigated the Texas Blackland Prairie ground dodging cow pies, they found a raw piece of land with enough room to build a new corporate headquarters with two championship golf courses, as well as a convention center hotel and resort. That helped them make the decision to relocate their longtime headquarters from Palm Beach Gardens, Florida, a city known for its golf courses and gated communit

Report: 1,000 new jobs heading to Amazon distribution center in Irving

After much speculation on Amazon's workings in North Texas, the e-commerce giant has plans to hire 1,000 workers at a new warehouse near DFW International Airport. Show Full Story The Dallas Morning News confirmed Friday that the hundreds of jobs will be part of a new 1 million square-foot near the south side of the airport for a shipping facility. In January, the Dallas Business Journal reported that the company submitted plans to the Texas Department of Licensing and Regulation for the warehouse. The warehouse was built in 2018 on a speculative basis by Dallas-based CLX Ventures. Located at 2601 S Airfield Drive, the space is being retrofitted for about $53 million and could be completed

One of South Korea's Largest Banks Buys Dallas Office, Retail Tower in Milestone Deal

South Korean financial giant KB Financial Group, one of the four largest banks in South Korea, has made a big buy in Dallas with a record-setting deal for the city. The Seoul-based bank, through affiliate KB Asset Management Co. Ltd., bought The Union Dallas, an office and retail property totaling nearly 506,000 square feet, for $370 million, or about $731 per square foot. KB Asset Management purchased the majority of The Union from the seller, Phoenix-based RED Development. The Union Dallas is located between Victory Park and Uptown, a sought-after neighborhood in Dallas. The deal takes the new title of being the priciest property per square foot in Dallas, surpassing The Pearl, a 25-story,

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