Commercial Real Estate
With its name emblazoned on one of the tallest buildings in downtown Dallas, you’d never guess that Comerica Bank would be a company to initiate a huge cost-cutting scheme that meant massive layoffs and closed branches, but that’s exactly what happened Jan. 22. The workforce reduction, which equates to 250 jobs, is a significant cut…
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In the last several years, the luxury and exotic car market has exploded. Despite small setbacks from the COVID-19 pandemic, this burgeoning consumer sector is expected to balloon to more than $1 trillion by 2030 with a compound annual growth rate of 6.9 percent from 2023 to 2030. Nowhere is this more apparent than on…
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By John English Contributing Writer A mass timber construction building — essentially what’s described as a massive wooden office — is slated for Crow Holdings Development’s Offices at Southstone Yards, a 45-acre, mixed-use development in Frisco. Crow recently announced plans for the development, located at Spring Creek Parkway and Sam Rayburn Tollway 121. The mass…
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A new study from Commercial Edge shows that more than 52 million square feet of Dallas office space and more than 87 million square feet of Dallas industrial space will have loans reaching maturity between 2023 and 2025. With vacancy rates hovering at 17.2 percent for office and 5.5 percent for industrial, some strategically minded…
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Commercial real estate is in an uncertain place. With persisting supply chain problems, work culture shifts, and increasing interest rates, retail, office, and industrial properties have certainly been under pressure for the last few years. However, even as our current commercial real estate market becomes ever more precarious, one Dallas proptech startup has made it…
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