Saudi

The death of journalist Jamal Khashoggi in Saudi Arabia has created a ripple effect in the financial world (photo courtesy Flickr).

Money is a funny thing. You never know where it has been and whose hands have touched it.

This week the SoftBank Vision Fund, $93 billion strong and investing heavily in local real estate start-ups Compass and OpenDoor,  has come under the microscope because Saudi Arabia is a major investor in the fund. And the Saudi Arabian embassy in Turkey is the place where American journalist and Washington Post columnist Jamal Khashoggi disappeared mysteriously earlier this month.

Now international and U.S. media reports are suggesting that Saudi Arabia’s Crown Prince Mohammed bin Salman, or members of his family or contingent, either had something to do with Khashoggi’s death or perhaps even ordered it.

Khashoggi was a loud critic of the Saudi royal family and culture. He went to the Saudi consulate in Istanbul to sort out paperwork for his upcoming wedding.

Okay, you say, how does this tie to SoftBank and Compass and Opendoor?

There is a growing fear that if the Saudi Royal family had anything to do with this man’s death and dismemberment, the financial community — especially in Silicon Valley, and maybe the real estate community — may pull back. I mean, even Dr. Robert Jeffress, the pastor of the 13,000-member First Baptist Church of Dallas, has condemned it and I’m not sure he even realizes the Dallas connections. 

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lake highlandsLake Highlands is sought after — that’s no revelation. So when we found three homes in three different price points that all have open houses this week, we knew we hit the jackpot for our CandysDirt.com Open Houses of the Week.

This week, our houses range in price from $489,000 to $1.175 million. Which ones will you visit? (more…)

first homeWhen you’re a young family, you look for certain things in your first home — and first and foremost, you’re probably going to be looking for the home that can give you the most bang for your buck.

It’s one of the reason we bring our readers regular features like the Tuesday Two Hundred and the Thursday Three Hundred — and this week’s Thursday offering is a great example of how the $300,000 range can get you a great move-in ready first home with loads of potential for putting your stamp on the abode as well.

This North Dallas Midcentury Ranch at 3179 Jubilee Trail was built in 1961 and has a lot of the hallmarks we expect from the Fox & Jacobs era of Dallas — an open floor plan, a focal point fireplace, and bedroom layouts that provide generous bunking spaces.

It’s a floor plan that holds up to the ever-changing and cyclical vagaries of popular design choices over decades. The wallpaper may change, the tile may go from a country style mosaic to a sleek subway tile, and flooring choices may go from shag to laminate to Berber to wood, but that floorplan? What was family and entertaining-friendly in the sixties is just as family and entertaining-friendly today.

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East DallasIt’s not often you find an East Dallas home with four bedrooms and two baths for less than $250,000, which is why Lauri Ann Hanson with Dave-Perry Miller InTown knew to alert us that she had what she calls “a unicorn.”

And that unicorn, which is located on 11336 Quail Run St., was a perfect candidate for this week’s Tuesday Two Hundred, priced perfectly for a first-time buyer or an investor.

“Not only is this Highland Meadows cutie packed with charm and all the curb appeal, but it’s difficult to find four-bed, two-bath within the bubble for just $249,900!” Hanson said. (more…)

grantFind out how your neighborhood can apply for a vitality grant, and find out what North Texas city tops the list when it comes to annoying neighbors in this week’s roundup of real estate news.

CITY TO HOLD GRANT WORKSHOPS

The City of Dallas will hold workshop sessions to assist neighborhood organizations who wish to apply for a Dallas Neighborhood Vitality Grant, it was announced last week.

The grant was created to help neighborhood groups find and grow projects that address a specific need in the neighborhood, while also increasing the cohesiveness of it and neighborhood pride.

“Projects must serve a public purpose and provide community benefits by promoting the creation of strong, safe, and vibrant neighborhoods,” the city explained of the grant, which is a reboot of the growSouth Neighborhood Challenge Grant. (more…)

VictorianWhen orthodontist Patricia Simon isn’t straightening the teeth of Lakewood residents, she tends to be restoring Dallas homes, including her home in the Peak Suburban Addition Historic District she restored with her husband, Kyle.

When the two finished their home, they turned their attention to an aging 1902 Queen Anne Victorian on Moreland Avenue that had become the victim of years of deferred maintenance and the march of time.

“It’s one of the few original Victorians left in the neighborhood,” she said one Sunday as she surveyed the completed work. “There are other old Victorians here, but many of them — not all — were moved here from other places.”

When the two began, they started by trying to suss out the original floor plan. There had been a couple of additions. When they purchased the home, it had been a single family dwelling, but still retained some of the changes from when it had been multifamily housing.

“In the thirties and forties, there was a housing shortage,” Simon explained. At one point, this was divided into four apartments, and those changes were still there.

“It was probably a boarding house,” she added.

The two also began determining what could be saved, and what would need to be replaced.  “I think it’s a nod to the past, but we also realize you have to live in the present,” Simon said of what emerged as they worked. (more…)

PlanoTucked in the Plano neighborhood of Bent Tree West, our Saturday Six Hundred this week is a magnificently updated two-story home where seriously, no expense was spared to make it a gorgeous, family ready retreat.

Stager Karen Eubank was brought in by listing agent Susan Gentry of Ebby Halliday – Ebby’s Little White House prior to the sale to give advice on prospective updates, and said that the changes the owner. Thanks to her, we have an idea of how much the updates the owner chose transformed this home at 4411 Highlander Dr.

What we see in the before pictures is a well-built home, but a typical 1980s era home with a need for updates and designer touches that today’s buyers want.

It’s the rare seller that not only realizes what is necessary, but also moves ahead with those updates,” Eubank said. “So, for me it was a delight to work with a seller that shared my vision.” (more…)

design

Someone said something bad about the Silos, y’all.

For this week’s social media-generated story, we asked our readers on Facebook about design trends they feel are O-V-E-R.

And boy, did ya’ll have some opinions. Some of you are OVER granite. Others feel TVs mounted over fireplaces are on their way out. Karen Eubank, our resident design maven and stager, says the vessel tub is floating on outta here.
Some have hate in their hearts for the Tuscan, the modern farmhouse, and the McMansion.

Some even dared to take the Fixer Upper name in vain, y’all.  I think you might go to design trend aitch-ee-double-hockey-sticks for that. Like, a cupcake, a bag of shiplap, and some barbecue come to take you to a very dark place.

So below, in the name of experimentation, we’re trying something new — the responses from our readers in a slideshow format. We’ve had some itchy fingers to try this for a while, and this seemed like a great discussion to use this style of presentation. (more…)