Southern Dallas News
Developer Trammell Crow Co. now has two projects along the I-20
corridor. At 4800 LBJ Freeway and JJ Lemmon Road, Crow plans to build a
500,000-square-foot speculative industrial project on 79 acres. The other I-20 project for the the Dallas-based
commercial real estate company is a 823,379-square-foot industrial
building at I-20 and Beckleymeade. Source: Dallas Morning News, March 3, 2014.
Business News
Nationstar Mortgage, one of the country’s largest mortgage servicing and
origination firms, is moving its headquarters to Dallas. Nationstar is the latest company to decide to locate a new
office in the 1,000-acre Cypress Waters development on LBJ Freeway, in
the northwest corner of Dallas. Source:
Dallas Morning News, March 24, 2014.
Dallas’ own
Tech Wildcatters was named the 8th best seed accelerator in the U.S. in a study released at South by Southwest. Now
in its third year, it’s the first time Tech Wildcatters made on the
list. Source: Dallas Morning News, March 13,
2014.
Fashion and retail in the Dallas-Fort Worth metroplex includes businesses such as Neiman Marcus, Fossil, J.C. Penney and more. The Dallas startup scene is now cultivating notable e-commerce and fashion-related technology businesses. Foot Cardigan provides a subscription-based sock-of-the-month club.
Mizzen+Main sells moisture-wicking, wrinkle-free “performance” dress
shirts for men. Need Lifestyle is a monthly e-commerce men’s shop that
blends editorial content with carefully selected items. Source: Dallas Business Journal, March 14,
2014.
Energy Transfer is moving its Dallas headquarters to a larger location
due to the company’s recent growth and acquisitions. The petroleum and
natural gas pipeline firm has leased 131,000 square feet at Preston Center, near
the southeast corner of the Dallas North Tollway and Northwest Highway. Source: Dallas Morning News, March 24, 2014.
General News
Two new television shows for NBC are filming their pilot episodes in Dallas: Salvation and Two to Go. Source: Dallas Business Journal, March 4,
2014.
Real Estate News
More than ten years ago, Lucy Billingsley had the idea to develop the
1,000 acres owned by Dallas-based TXU Energy near Interstate 635. Plans
for the massive development are underway and construction has begun on
the first three office buildings and a corporate campus park. The $3.5
billion master-planned, mixed-use development at the northeast corner of
Belt Line Road and Interstate 635 called Cypress Waters is gaining
momentum. Source: Dallas Business Journal, February 25, 2014.
The Old Parkland Hospital campus is gaining some new additions, most
notably, a tower with a dome roof on Oak Lawn near Harry Hines Blvd. The
high domed roof is patterned after Thomas Jefferson’s Rotunda building
at the University of Virginia, and towers 10 stories above the adjacent
elevated Dallas North Tollway. Source: Dallas Morning News, March 4, 2014.
City Center News
The housing market is getting tight for homes near the downtown core.
Demand is high in neighborhoods including North Oak Cliff, Lakewood and
the M Streets. The inventory of properties on the market is at a more
than 20-year historic low and prices are spiking as buyers compete for
properties. January home prices in Dallas were up 12 percent from a year
ago, and some close-in neighborhoods are seeing even higher price
gains. Source: Dallas Morning News, March 5, 2014.
Olympic Property Partners LLC. will be the lead developer on a $170
million redevelopment of the 52-story, 1.3 million-square-foot property
at 1401 Elm St. The property, which extends for an entire city block and has been
vacant, is becoming a multiuse residential, retail and office
tower. Plans include more than 500 apartments with floor-to-ceiling
windows, an indoor-outdoor rooftop deck with an infinity pool, a
multimedia theater and a public observation deck on the 50th floor. Source: Dallas Business Journal, February 27, 2014.
 Economic Review
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The City’s preliminary unemployment rate for February 2014 increased by 0.1 percentage points to 6.3 percent.
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A seasonal unemployment increase combined with a relatively unchanged labor force are the primary reasons for the increase.
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