This is why investors are putting money into Dallas’ skyline

Even with a big chunk of vacant office space in Dallas’ central business district — totaling more than 25 percent — some of the city’s well-located skyscrapers and walkable office towers are still garnering big rental hikes.

That’s tied to the professional services firms wanting to locate in Uptown and the northern part of downtown Dallas, said Brooke Armstrong, a senior vice president in JLL’s Dallas office.

Click to read more at Dallas Business Journal.

Dallas, Fort Worth rank as two of the top U.S. housing markets

Dallas and Fort Worth rank as two of the top housing markets in the United States based on current and projected real estate fundamentals, according to Ten-X Research, an online Irvine, California-based firm that tracks the real estate market.

The two North Texas cities ranked as “hot,” markets based on the strength of the single-family market based on current and future expectations, said Ten X Research CMO Rick Sharga.

Click to read more at Dallas Business Journal. 

With Pioneer’s looming departure, Irving’s Williams Square sets stage for big relocation, expansion

The ownership group behind Irving’s trophy office complex — The Towers at Williams Square — is planning to reposition the Class A office towers for a major corporate relocation or regional expansion in the next few years.

The four-building, 1.4 million-square-foot office complex at 5221 N. O’Connor Blvd. in Irving’s Las Colinas Urban Center is owned by an investment fund managed by a subsidiary of Apollo Global Management, Vanderbilt Office Properties and Hillwood Urban.

Click to read more at Dallas Business Journal.

Why CBRE Global Investors wants to upgrade this North Central Expressway office tower

Global real estate investment firm CBRE Global Investors recently landed its latest acquisition in North Texas — a 20-story office tower for an estimated $120 million — and it won’t be its last acquisition in the region.

With the Los Angeles-based company in the midst of plans to unleash a multimillion-dollar upgrade to Northpark Central, a 20-story, 491,803-square-foot office building at 8750 N. Central Expressway, real estate execs are looking for the next big deal in Dallas.

Click to read more at Dallas Business Journal.

A look behind the century-old Dallas firm shaping the region’s skyline

Dallas-based Austin Industries Inc. has been a part of Dallas-Fort Worth history for nearly 100 years helping develop the city skyline.

We recently sat down to chat with the company’s CEO David Walls in an exclusive interview to discuss the company’s work over the years that have forever changed the region.

Click to read more at Dallas Business Journal.

Why this Frisco business park has become the city’s hottest real estate play

Frisco’s $300 million business park — called Frisco Park 25 — is seeing a lot of would-be tenant interest, after landing its second corporate headquarters.

And the 216-acre park will likely sell out quickly based on the pent-up demand in the Frisco market, Bob Hagewood, senior vice president of Dallas-based Stream Realty Partners, told the Dallas Business Journal.

Click to read more at Dallas Business Journal.