General News
City of Dallas to launch Green Business Certification Program
On November 15th the City of Dallas launched the Green Business Certification Program. The program was started in an effort to help businesses attract environmentally focused customers as well as network with businesses that are green certified. Applications are available on the city’s website. Source: Dallas Innovates, November 4, 2016.
Business News
Another big office tenant is headed to Cypress Waters
The Cypress Waters development continues to land big tenants, the latest being Options Clearing Corporation, one of the world’s largest equity derivatives clearing firms. The company has leased 46,500 square feet in 9111 Cypress Water Boulevard, near Belt Line Road and LBJ Freeway. Source: Dallas Morning News, November 3, 2016.
City Center News
Downtown Dallas: A turnaround built on parks, arts, and people
Over the last few years, downtown Dallas has been transformed with residential development a major component. But another key component has been the creation of Klyde Warren Park and the continued development of the Dallas Arts District, creating a multigenerational urban environment. Source: UrbanLand, October 10, 2016.
Blue Cross Blue Shield of Texas plans innovation center in Dallas' revitalized West End
BCBS Innovation – a unit of the medical insurance giant – is moving into the former West End Marketplace building (now FactorySix03), located at Munger Avenue and Market Street. BCBS Innovation will occupy approximately 25,000 square feet in the building, which developer Granite Properties is converting into high-tech, creative office space. Source: Dallas Morning News, November 4, 2016.
Jacobs Engineering selects downtown Dallas for world HQ
Jacobs Engineering Group has announced it is relocating its worldwide headquarters to the Harwood Center in downtown Dallas, where it currently occupies 100,000 square feet and has signed on for an additional 16,563 square feet. Source: CoStar, October 25, 2016.
WeWork leases three floors at Thanksgiving Tower in downtown Dallas
Coworking space provider WeWork has signed a lease for 84,000 square feet at Thanksgiving Tower, its second location in Dallas. Its first location, at 1920 McKinney Ave in Uptown, will open in January while the Thanksgiving Tower location will open next spring. Source: CoStar, November 15, 2016.
Real Estate News
Dallas hotel project combines art and architecture on the south side of downtown
The Lorenzo Hotel, the latest hotel to be developed near downtown, will be an art-filled destination with one-of-a-kind architectural features when it opens its doors in January. The $35 million hotel will have 237 rooms, including 40 corner suites that will have unique design themes such as Louis XIV, Zen, and Lawrence of Arabia. Source: Dallas Morning News, November 21, 2016.
Small Business News
Everyone's favorite pop-up shop returns to downtown Dallas for the holiday season
Unbranded, the pop-up shop that was started by Dallas entrepreneurs Matt Alexander and Bryan DeLuca, is returning for the holidays to a high-profile location at 1517 Main Street, close to newly opened Forty Five Ten store. The tentative opening date is December 1st. Source: Dallas Culture Map, November 16, 2016.
Southern Dallas News
New grocery store opens in southern Dallas food desert
A new Save-A-Lot grocery store has opened in the southern Dallas neighborhood of Highland Hills, just blocks away from Paul Quinn College. Deputy Mayor Pro Tem Erik Wilson, who represents the area, said the store “is beautiful, it’s needed and it’s going to be a great asset to the community.” Source: Dallas Morning News, October 27, 2016.
Paul Quinn College gets $1.1M for development, revitalization
Earlier this month Paul Quinn College was the recipient of a $1.1 million investment from the Dallas Impact Investing Collaborative. College president Michael Sorrell says the school will use the money to build a 200-unit mixed-use apartment complex that will put Paul Quinn College “on the forefront of sustainable, organic, urban development.” Source: Dallas Innovates, November 1, 2016.
 Economic Review
FHFA House Price Index Q3 2016
 Source: Federal Housing Finance Agency, Quarterly House Price All-Transactions Index, 100 Largest Metropolitan Statistical Areas, 2016; Dallas Office of Economic Development, 2016. Values not seasonally adjusted.
- The Federal Housing Finance Agency House Price Index is calculated using home sales price information gathered from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.
- Home prices in the Dallas-Plano-Irving Metropolitan Division increased 1.77 percent during the third quarter of 2016. Over the same time period, home prices for the entire USA rose 1.65 percent.
More Dallas Economics
|
