Richardson vies for $3.2 billion Texas Instruments manufacturing plant through approval of tax incentive deal

A bid for Texas Instruments’ newest chip-manufacturing facility was advanced tonight when Richardson City Council members voted unanimously to amend an existing agreement that would reduce the company’s annual property-tax payments.

If the company chooses to expand its current Richardson facility, the city would reduce property taxes on the second phase of development within the designated “tax abatement reinvestment zone” at West Renner and Alma roads.

The agreement stipulates that property taxes would be abated for Phase 2 business personal property—a category that includes items such as computers, machinery or other movable goods—by 75 percent annually for up to 15 years.

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Best U.S. property market in 2019? All bets are on Dallas-Fort Worth

Dallas-Fort Worth tops the list of U.S. cities that real estate industry execs say will be the best for their business in 2019.

D-FW has been rated the highest for property investment and construction in a closely watched real estate beauty contest — the annual Emerging Trends in Real Estate report, which polled industry leaders on their outlook for 79 U.S. cities. The last time D-FW topped the list was in 2015, in the report looking ahead to 2016.

“I’m thrilled to see Dallas at the top of the list again,” said Byron Carlock, national real estate leader with PriceWaterhouseCoopers, which, with the Urban Land Institute, sponsors the annual survey. “Dallas is doing a lot of things right.

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Emerging Trends in Real Estate

Emerging Trends in Real Estate® is a trends and forecast publication now in its 40th edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry.

Emerging Trends in Real Estate® 2019, undertaken jointly by PwC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.

Emerging Trends in Real Estate® 2019 reflects the views of individuals who completed surveys or were interviewed as a part of the research process for this report.

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North Texas rises to become one of top U.S. data center markets

In what seems like the blink of a server light, Dallas-Fort Worth has become one of the nation’s most-popular locations for data centers, a very specific type of real estate development that requires the most-advanced technologies, specialized construction techniques, and immense power supplies.

In fact, DFW is a top five market for the multimillion-dollar facilities that are full of blinking and humming racks of computer servers. They’re often shrouded in a veil of secrecy because of their contents. And, almost all of the buildings’ amenities are geared toward keeping their servers comfortably cool and secure.

So, how popular is North Texas for data center projects? North Texas is one of five Tier 1 markets for data centers in the U.S., a list that includes Chicago, Metro New York, Northern California, and Washington D.C., The ranking places Dallas-Fort Worth as a key international data center market, making it a destination for both national and global providers.

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JLL grows technology expertise with acquisition of ValuD

CHICAGO, Oct. 3, 2018 /PRNewswire/ — JLL (NYSE: JLL) today announced an agreement to acquire ValuD Consulting, a leading provider of IBM software integration and consulting services in the United States and India. The transaction significantly enhances JLL’s ability to bring the next generation of technology to its clients through future-focused innovation and deepened expertise in IBM’s TRIRIGA*, Maximo** and Watson Internet of Things (IoT) services.***

The acquisition supports JLL’s commitment to lead the industry and its clients through digital transformation. It will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD’s unique university partnerships—to JLL’s specialized Technology Solutions team around the world. This enhanced expertise will provide clients with market-leading technology systems that enable faster, more informed real estate decisions and improved business performance.

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CoStar starts going after password-sharing users in latest legal blitz

CoStar Group is following through on its threat to sue individuals who steal access to its platform. 

The $14B, D.C.-based commercial real estate data giant filed seven lawsuits Wednesday evening in six different federal courts against real estate professionals based in New Jersey, California, Oregon, Texas and Georgia. 

The lawsuits allege that individuals who did not pay for CoStar’s platform obtained user names and passwords to its subscription database from authorized users. It says they then used the platform to access information on hundreds of properties for their own business purposes. CoStar said it contacted each individual and offered a resolution in which they would sign up for a subscription and pay for their past use, but it said they declined. 

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