Perry-Miller Streiff Group

Nine agents thus far, and by the time you read this, there may be TEN!

This past summer, in-between saving and remodeling his historic estate, Waverley Hill, in Staunton, Virgina, Dave Perry-Miller and Ryan Streiff were up to something else. Together, they formed the Perry-Miller Streiff Group of eleven power house agents & dedicated support staff now working out of the flagship Dave Perry-Miller Real Estate office on Berkshire.

And the entire city is paying close attention.

This group closed 2016 by selling a whopping $100 million of real estate. The team is led, of course, by Dave and Ryan, and other members of this elite team include: Laura Michelle, Courtney Jubinsky, Karen Fry, Gaynelle Henger, Jason Bates, Charles Gregory, Kathy Finn, Betsie Sears, and Carolyn Vandagriff.

“Our clients appreciate not only the high end marketing and staff support, but also the unmatched agent collaboration that is unlike any other real estate team in town,” says Gaynelle Henger

And they are going to kill it in 2017: just last week The Perry-Miller Streiff Group had a record breaking closing (since 2009, that is) in Lobello Estates. The Perry-Miller Streiff Group also recently brokered the last two highest sales ever in the hot-getting-hotter gated community of Glen Lakes:  7 Kingsgate, listed for $1,995,000, and 7711 Glen Albens, a home that was, like many of the team’s sales, an off market deal when it actually sold, having been previously listed and in MLS both with Ryan Streiff and with Briggs Freeman. The home, designed by Ralph Duesing and built by Tommy Ford, was last listed at $2,795,000 and had been on the market since 2013. Like we said, Glen Lakes is HOT.

7711 Glen Albens copy (more…)

floresrawlings

How badly has our real estate market been harmed by this news? Why did he wait until now, or was Rawlings’ timing impeccable?

The news about Dallas’s Police and Fire Pension System goes from bad to worse. And it continues to be negative national news that could potentially hurt our housing market. In particular, the Wall Street Journal ran a backwash of Dallas Morning News reporting blaming everything on the “bad real estate investments.”

Those “bad real estate investments” are not the whole reason why the fund is in trouble and asking taxpayers for $1.1 billion. It’s mismanagement, and an incredibly thoughtless accounting trick that has enabled retirees and mature pensioners to essentially rob from the young.

In that recent New York Times piece that has the world talking about “Dallas’ bankruptcy”, the blame is put on the state legislature in 1993:

To many in Dallas, the hole in the pension fund seems to have blown open overnight. But in fact, the fuse was lit back in 1993, when state lawmakers sweetened police and firefighter pensions beyond the wildest dreams of the typical Dallas resident. They added individual savings accounts, paying 8.5 percent interest per year, when workers reached the normal retirement age, then 50. The goal was to keep seasoned veterans on the force longer.

Guaranteed 8.5 percent interest, on tap indefinitely for thousands of people, would of course cost a fortune. But state lawmakers made it look “cost neutral,” records show, by fixing Dallas’s annual pension contributions at 36 percent of the police and firefighters’ payroll. It would all work as long as the payroll grew by 5 percent every year — which it did not — and if the pension fund earned 9 percent annually on its investments.

Buck Consultants, the plan’s actuarial firm, warned that those assumptions were shaky, and that the changes did not comply with the rules of the state Pension Review Board.

The DROP accounts were like savings accounts with a guaranteed interest rate. But few news reports critiqued it. . The media only blamed the “shaky real estate investments.(more…)

Most Endangered Historic Places in Dallas

Fair Park’s Hall of State (Photo: Michael Cagle)

My tip came in last week, this is what I was told by an anonymous source:

“The city attorney’s office is now telling Mayor Rawlings that the Humann plan won’t fly, that they were wrong, and they do need to open the bid up to RFPs.”

As a blogger, I guess I could have published that last week. Instead, I made a few phone calls to the Dallas City Attorney’s office. No response. Then I made a few phone calls Monday. No one has yet to return my call. I sent an email to Paul Simms yesterday, he responded nearly immediately that he had not heard anything.

Then today, Jim Schutze writes in the Dallas Observer — good Lord he posted at 4 a.m., my kind of hours — that the rumors are flying around City Hall that the Fair Park privatization plan is on its deathbed:

 …close observers around town are beginning to place bets on strong rumors that the Walt Humann Fair Park deal will fall apart soon. The ostensible reason – the one for public consumption — would be that a new adverse city attorney opinion says it wasn’t done right.

Hmmmmm.

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dallas open houses

Now here is a home that could teach a few thousand builders some new tricks. A new home with smooth, clean lines, no turrets (clutching heart), no 10,000 foot ceilings, and even no “dust bunny graveyards” fake crowns. Let’s call it the “anti-McMansion”.

Indeed, I hope you are sitting down when you hear this: there is actually a front porch to encourage neighborhood conversation!

Still, 10136 Robin Hill Lane is brand spanking new construction in Lake Highlands, a huge Millennials hang out. Instead of the usual circa 1957 brick ranch, we have a farmhouse feel with a touch of Hollywood glam by one of the area’s hottest home builders, New Leaf Custom Homes.

Boasting more than 4200 square feet of family-friendly living, this home will hold it all: kids, dogs, even a mother-in-law or two! You get five bedrooms (one for each set of parents), four full baths, an office, both a media AND game room, formals and a knock out kitchen that spaciously flows from the living room.

The finish out is phenomenal, too: high (but not too high) ceilings, custom cabinetry, gorgeous contemporary light fixtures, beautiful hardwoods, and hardware.

dallas open houses (more…)

Joe Big Pic

It may have been back in July, July 28 in fact, but we are still feeling the fun from the shindig Joe Atkins and his Bishop Arts team threw on a hot Thursday night to showcase his second and newest real estate office in the Metroplex: 419 West Eighth Street, right near Davis. He transformed a Bishop Arts house into a great real estate office space, and any Realtor who wasn’t basking in the mountain air was at the party.

419 W 8th

What a transformation!

Joe’s first office is the only residential real estate shop in downtown Dallas at 2201 Main Street, #840.

Not only was Joe showing off spacious new digs complete with meeting rooms and a full kitchen, he showed off his growing team of agents, some seasoned and some fresh from Champions School of Real Estate. One of the newest: former Coldwell Banker agent Tommy Wooten, who has won so many Metrotex awards he is going to need a Montanan Big Sky to store them. Jump for a whole bunch of crazy pics and fun people. Oh yes, this is not Joe’s last office. He has big plans for Tommy and we cannot wait for the next party:

Tommy Wooten

 

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6615 Glendora

An “O” House is a home so fabulous you have to drop whatever you are doing (yeah, even that) or holding, including your nail file, to look!

I have often said that the best person to buy a house from is a doctor. Why? They are compulsive, take care of systems to the th degree, and are highly intelligent. Most of the most complex and detailed homes I have seen belonged to physicians. So if they have designed or built a home, watch out, it’s usually loaded. And it is usually very eco-minded, too, like, say, having a charging station in the garage for the electric car. Or a back-up generator for the entire home in case of a storm.

You know, in case you have to do surgery!

6615 Glendora belongs to not just one but TWO doctors, one an M.D., one a Ph. D. It offers one of the roomiest homes in Preston Hollow (6,217 square feet) with a large backyard, saltwater swimming pool, immaculate Koi pond loaded with healthy fish, 14-foot ceilings, hand-scraped quartersawn hardwood floors, a private outdoor terrace with a fountain, and a wine closet off the sparkling clean, looks-like-it’s-never-been-used kitchen.

In fact, the entire house is as clean as an operating room. Looks like it has been a show home, not a private family residence for 18 years. The home has been painted, primped, and updated and priced exceedingly well — at DCAD value! Built by the late, great Oscar Ponder, and Don Capertone was the designer.

6615 Glendora door

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Chantilly Court by Greico Homes

Chantilly Court by Greico Modern Homes

It’s been a newsworthy summer for Greico Modern Homes. Their homes are featured in Dwell Magazine this month, and they are finalists in multiple categories of the Dallas Home Builder Association ARC Awards. But the awards that Tom Greico is the most proud of are the ones that he was awarded as a student of W.T. White High School.

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S. Edgefield HCHOTW

If you’ve been ogling over those cute tiny homes that are popping up everywhere, but you’re not sure if a life on wheels or in the boonies for you, this listing from David Griffin & Company Realtor Bart Thrasher shows that you can live itty bitty in the city.

Bart, who lives in Winnetka Heights with his wife, Karen, and son, Henry, knows a thing or two about good construction. Bart is a contractor and Karen is an incredibly talented architect, and with all that know-how between them they founded Thrasherworks, a boutique architecture and design firm based right in North Oak Cliff. And in Bart’s opinion, this property is perfect for those who believe in the gospel of minimalism and the zen of tidying up.

No wonder this unique Craftsman in Winnetka Heights is our High Caliber Home of the Week sponsored by Lisa Peters at Caliber Home Loans. While this listing is in contingency (the buyers are waiting to sell their current home), it doesn’t hurt to be prepared should it go back on the market. Call Lisa Peters at Caliber Home Loans today to get your pre-approval in line so you can put your highest and best offer in on this tiny home should you get a second chance!

342 S. Edgefield Front Porch

The front porch of 342 S. Edgefield has a hidden secret …

Jump to see the brilliant open floor plan and excellent storage inside this adorable Winnetka Heights Craftsman cottage!

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