Irving Music Factory to open 11 restaurants, six with a Fort Worth connection

In the coming days, Toyota Music Factory is set to open 11 restaurants, including six concepts from Big Beat Dallas.

Big Beat Dallas is the creation of someone known to many in Fort Worth: Billy Bob Barnett, the namesake and creator of Billy Bob’s Texas.

Along with the restaurants, Toyota Music Factory announced that Texas Lottery Plaza, an open-air central gathering space that includes a full-production performance stage for all types of live entertainment and community events, will open March 19.

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What’ll happen with that big hole in Frisco if Wade Park project tanks?

With the future of Frisco’s $2 billion Wade Park up in the air, everyone wants to know: What happens now?

Not with just the mixed-use project, but with that huge hole in the ground they’ve dug along Dallas North Tollway.

Excavation stopped almost a year ago on the site of what was supposed to be a row of high-rise buildings along the east side of the tollway near Lebanon Road. With the developer defaulting on more than $130 million in debts, lenders for the 175-acre project are threatening to foreclose.

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Dallas-Fort Worth is #2 Target for Commercial Real Estate Investment, CBRE Survey Finds

A recent survey of commercial real estate investors ranked Dallas-Fort Worth as one of the top two target markets for investment among Americas metros, second only to Los Angeles/Southern California.

CBRE’s 2018 Americas Investor Intentions Survey, which covered all asset types, shows that 88 percent of investors plan to either maintain or increase spending in 2018—up from 83 percent in 2017. 

Click to read more at CBRE.

The Top Commercial Real Estate Brokers in Dallas-Fort Worth 2018

We asked the leadership teams at North Texas’ leading commercial real estate firms to tell us who generated the most revenue for their companies in 2017. Firms were limited to the top 20 percent of their brokers, rounded up to the nearest whole person. The only exceptions were made for partners or teams who work on all transactions concurrently, and therefore, all generate the same revenue for his or her firm. This year, we honor 391.

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Fogo de Chao Fogo de Chao Restaurant Chain Sells for $560M

Plano, TX-headquartered Fogo de Chao restaurants is selling to Rhone Capital, a New York-based, private investment firm in an all-cash deal valued at $560 million. The sale represents the second time the brand has changed hands in recent years. According to a company release, the transaction is the result of a “comprehensive strategic alternatives review process taken by the company’s board of directors.”


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Lender No. 2 Also Wants to Foreclose on Wade Park

Less than a week after lender Bamcap Partners announced it would seek a forced sale of the mixed-use, Wade Park development in Frisco, TX, lender number two is joining the fray. Specifically, Gamma Real Estate indicated that the development on the Dallas North Tollway and Lebanon Parkway defaulted on its loans, and has scheduled a forced sale of the property on March 6, 2018. Gamma lent $82.7 million to Atlanta-based Thomas Land Development in early 2017.

Thomas indicated it is negotiating with both Gamma Real Estate and Bamcap Partners to avoid a foreclosure. Contractors and other firms involved with the project stopped work in late 2017, and filed more than $10 million in liens against the development for unpaid bills.

Read more at connect texas