In the Spotlight
 Business News
Ciao Telecom recently signed a lease to move its North American
headquarters to Dallas from Emeryville, California. The global
telecommunications provider will be leasing 22,000 sq. ft. at 8390 LBJ
Freeway on the southeast corner of LBJ and US-75. Source: Dallas Business Journal, Sept 24, 2013.
City Center News
One of the most distinctive landmarks in the Dallas Skyline has
undergone renovation and is again open to the public. The observation
deck at Reunion Tower – now named GeO-Deck for geodesic, observation and
deck – reopened October 5th after a multimillion dollar renovation. Source: Guide Live, Dallas Morning News, Oct 3, 2013.
Camden Property Trust will begin construction on their Victory Park
apartment complex any day now. The 423 units will be on the parking lot
just north of American Airlines Center. They purchased the 6-acre site
from Victory Park developer Hillwood early in 2012. Source: Dallas Morning News, Sept 26, 2013.
Real Estate News
The office vacancy rate in the Dallas area dropped more than any other
US city in the third quarter. The CBRE Group study found office demand in the expansion of professional service,
insurance, technology and financial services firms. Source: Dallas Morning News, Sept 25, 2013.
A 16-story boutique hotel is planned to begin construction in January in
Uptown. The hotel will be owned by a joint venture including New
York-based Hampshire Hotels and several unnamed Dallas investors. The
team sees in Uptown a bustling streetlife similar to other Dream Hotel
locations in Miami and New York. Source: Dallas Morning News, Oct 10, 2013.
Southern Dallas News
On Nov 3rd, just in time for the 50th anniversary of President John F.
Kennedy’s assassination, the 2-year pilot project will commence service.
Fourteen stops will be served from 11:30 am to 11 pm Monday through
Saturday. The $1.4 million project is funded through a partnership
between the city ($400,000), DART ($452,000), Downtown Dallas, Inc
($306,000) and a grant. Source: Dallas Morning News, Sept 25, 2013.
SkyWalker Property, acting on behalf of the Hangover Opportunity Fund,
recently purchased the 110-year-old Hughes Brothers Candy Factory, with
plans to start construction within 9 months. The group is planning $3.2
million of investment to convert the former factory at 1401 S. Ervay St.
into residential units. Source: CityBizList Dallas, Oct 14, 2013.
General News
Rory Meyers Children’s Adventure Garden opened Saturday September 21st
as on of Dallas’ top children’s educational centers. The 17 themed
galleries and 150 interactive exhibits operate on the premise that
learning is best retained when concepts are explained in terms children
can understand, kids can interact, play and work with a concept, so the
children can make real-world connections. Source: Dallas Morning News, Sept 19, 2013.
In 1980 the Wright Amendment restricted Southwest Airlines to nonstop
flights from Dallas Love Field to airports in Texas and four bordering
states: Oklahoma, Louisiana, New Mexico and Arkansas. In 2006 a
compromise was finally reached between Southwest Airlines, Dallas/Fort
Worth International Airport, American Airlines Inc., and the cities of
Dallas and Fort Worth: the Wright Amendment would expire in eight years. Source: Dallas Business Journal, Oct 14, 2013.
Retail on lower Greenville Avenue is comprised of an eclectic
collection of restaurants, catering to a variety of dietary and culinary
specialties. In the recent past the area had been known for its bar scene, but
changes in the streetscape design and zoning restrictions that require
businesses to obtain a special permit for late-night service have
encouraged a thriving restaurant scene. Source: Culture Map Dallas, Sept 30, 2013.
 Economic Review
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Federal Housing Finance Agency (FHFA) 2013 second quarter House Price Index (HPI) reflects that house prices rose 2.1 percent from the previous quarter
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Within the Dallas area, the HPI reflects a 2.3 percent rise in house prices
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Since 2010, the Dallas housing market has exhibited a stronger recovery than the nation as a whole
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