Regions Southwest | Dallas
Despite Economy, Leasing Continues Apace at AllianceTexas
With Texas' business climate not quite as dire as in other parts of the country, Fort Worth’s AllianceTexas development hit almost record levels of leasing in the first three months of 2009 with more than 1.2 million square feet.
Anticipating Future Demand, Dallas Approves $514M Bond Sale for Convention Center Hotel
For the most part, banks still aren't lending and business and leisure travelers--inhibited by economic decline and job losses--have not exactly been escalating their travel plans, but such conditions are not stopping the City of Dallas from moving forward with its plan to develop a large luxury hotel. In a unanimous vote, the Dallas City Council has green-lighted an ordinance that paves the way for the sale of $514 million in municipal revenue bonds for the development of the $346 million Omni Dallas Convention Center Hotel, which is now scheduled to deliver in 2012.
While Industrial Sector Struggles Nationally, Fort Worth Complex Already Beats 2008 Leasing Figures
National numbers show the industrial market tanking, but the Alliance Global Logistics Hub in Fort Worth, Texas, has already leased 1.9 million square feet this year compared to a total of 1.1 million square feet at Alliance in all of 2008. While the industrial market nationwide took a turn for the worse in the first quarter of 2009, with vacancy rising rapidly and absorption and construction activity plummeting, tenants are taking advantage of the situation—as evidenced by the half-million-plus-square-foot lease renewals ATC Logistics & Electronics just inked at Fort Worth’s Alliance.
Summers: Dallas/Ft. Worth is M-F's 'Golden Child'
"Anyone who follows the multi-family market knows that Dallas/Ft. Worth has been the golden child of the multi-family industry for a while," asserts Matt Summers, president of management at Kaplan Management Company Inc.
 

Critical Commercial Real Estate Updates in Dallas


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