Commercial Real Estate
The City of Dallas’ real estate tax base grew more than 8% last fiscal year, according to the Dallas Office of Economic Development’s annual Year in Review report. And while rising property values are connected, the jump in value was largely driven by physical growth — new housing construction and a significant expansion of industrial…
Where freshly printed newspapers once made their way to carriers and delivery trucks, electric golf carts will now roll out of this long-standing plant. DallasNews Corporation, owner of The Dallas Morning News, has closed on the sale of its Plano printing facility for $43.5 million, part of an ongoing effort to streamline operations, CultureMap reports.…
Two mainstays of the Fort Worth CRE scene have decided to merge their operations and launch a new outfit — Team & Vasseur Commercial Real Estate. Once competitors in the market, industry professionals Charles “C.B.” Team and Nathan Vasseur decided to join forces and throw their collective weight behind the joint project. And what better…
The Federal Reserve’s decision to refrain from issuing an interest rate cut on Wednesday could have a dampening effect on CRE activity, with industry professionals already finding it difficult to secure financing for high-dollar deals. Fed Chair Jerome Powell said the central bank was going to maintain its current target range of 4.25-4.5%, citing projections…
Officials in Irving have signed off on a couple of zoning changes that could lay the groundwork for a potential casino in D-FW. Early Tuesday morning, members of the Irving Planning & Zoning voted 5-4 in favor of rezoning a 1,001-acre planned unit development (PUD) district located at the convergence of State Hwy 183, State…
