City Center News
JQ relocating HQ to newly acquired Dallas Design District building
Engineering firm JQ has purchased a 31,000 SF building at 100 Glass Street for its new Dallas headquarters. The new location is more than twice as big as their current space and gives them additional room to grow. Plans are to bring almost 100 employees into the new location by year-end. Source: Dallas Business Journal, October 7, 2015.
Unbranded pop-up returning to Dallas for an even bigger and better event
Innovative pop-up event Unbranded is returning to Dallas for a second year, graduating to a bigger downtown space at 1600 Commerce Street. The event will host a wide range of creative brands including designers, developers, photographers, and even coffee roasters. Source: Culture Map Dallas, October 8, 2015.
General News
Shake Shack to shake up Uptown Dallas
Cult favorite Shake Shack is coming to North Texas next year, landing in Dallas' Uptown neighborhood. Shake Shack is known for its burgers, 'flat-top dogs,' and of course, shakes. It will be part of a new park/patio development near The Crescent, and will open just as the hotel finalizes a $30M upgrade. Source: Fort Worth Star-Telegram, October 15, 2015.
Real Estate News
Gatehouse Capital to develop new hotel on Baylor Scott & White's Dallas campus
Dallas-based Gatehouse Capital has finalized a deal to bring a new hotel to Baylor's campus in east Dallas, located at Gaston Avenue and Hall Street. Construction is scheduled to start later this year, and the hotel is projected to open in early 2017. Source: Dallas Business Journal, October 2, 2015.
First major project set to start in Valley View-Galleria area
Construction is to start on the first major development in Dallas' Valley View-Galleria district since reconstruction of the LBJ highway corridor was completed earlier this year. Plans are for a luxury apartment community on Noel Road, just east of the Galleria Dallas complex. The developer is Mill Creek Residential. Source: Dallas Morning News, September 24, 2015.
Small Business News
Dallas company gets deal on 'Shark Tank'
Dallas company Foot Cardigan closed a two-shark deal on ABC show 'Shark Tank,' a deal which includes Dallas Mavs' owner Mark Cuban coming on board as an investor. Foot Cardigan, a sock-of-the-month service that sells colorfully funky socks, currently has 6,000 subscribers. It hopes publicity generated by the show will increase those numbers and has increased inventory to meet demand. Source: WFAA.com, October 9, 2015.
United Way's GroundFloor invests $315K in local startups, partners with The Grove
United Way has awarded four companies $315K in seed money via its GroundFloor program, which was setup to support social innovation startups. The four winners are Eat the Yard, Adaptive Training Foundation, Equal Heart, and The North Texas Principal Fellows Program. They were selected from seven finalists and were judged by GroundFloor investors and volunteers. Source: Dallas Business Journal, October 15, 2015.
Billionaire Mark Cuban: 'North Texas is easily one of the best places for entrepreneurs to start'
During a recent speech Mark Cuban reiterated his belief that Dallas is one of the best places to start and build a business: 'North Texas, for 1,000 reasons, is easily one of the best places for entrepreneurs to get started' and 'My businesses require brainpower and effort, and there's no shortage of that here.' As a prolific investor, with stakes in over 100 companies, he knows what he's talking about. Source: Dallas Morning News, September 24, 2015.
Southern Dallas News
The return of the MAC and the creation of a new Dallas arts district
After 20 years in Uptown, the McKinney Avenue Contemporary (MAC) art gallery is moving to Southern Dallas as part of a development that will include new residential, retail, and restaurant space. The new development will be on Gano Street, between South Ervay and Durant. The hope is for the area to develop as a new cultural district. The developers are working with other cultural institutions such as Dallas Heritage Village and Cedar Union to push the concept forward. Source: D Magazine, October 15, 2015.
New Southwest Center owner listening to residents and promising quality retail
Peter Brodsky, new owner of a large piece of Southwest Center Mall, says he has 'No preconceived notion of what this site needs to be' and that 'The community needs to tell me.' Brodsky has begun meeting with members of the community as well as local officials, to determine the best way to move forward. Source: Dallas Morning News, September 21, 2015.
 Economic Review
Inflation remains muted in DFW and US
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A Consumer Price Index is a weighted average price index for consumer goods and services. The Bureau of Labor Statistics publishes a consumer price index for the DFW MSA bi-monthly. Percentage change from the previously published index value is a representation of inflation over the past two-month period.
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The DFW consumer price index decreased by 0.53 percent from Jul 2015 to Sep 2015. Over the same time period the US consumer price index decreased by 0.30 percent. The core index (price growth less food and energy) increased by 0.52 percent over the two-month time period, while the US core index increased by 0.38 percent.
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In general, inflation remains muted due to weakness in the global economy.
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