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Dallas Business Journal
PGA Tour tournament raises record donations for nonprofits
This year’s Charles Schwab Challenge brought in a record of more than $20 million through its Birdies for Charity campaign, according to a recent announcement about the funding haul for this year's PGA Tour stop in Fort Worth.<\p> The annual fundraising effort, which is celebrating its 20th anniversary, will benefit more than 30 nonprofits.<\p>
$40M project with HQ already on board takes shape
Health and nutrition company Omnilife should move into its new new U.S headquarters in Allen next fall.<\p> Omnilife USA Inc. will occupy 73,209 square feet within the Prodigy Park business hub being developed by Heady Investments near North Watters Road.<\p>
DFW regains top spot in influential real estate ranking
The Dallas-Fort Worth metro ranks as the top emerging real estate market across the United States and Canada, with the highest investment and development potential.<\p> That’s according to the 2025 Emerging Trends in Real Estate report from the Urban Land Institute and PricewaterhouseCoopers. The closely watched annual report compiles data from more than 2,000 industry experts who are surveyed to "highlight the most pressing topics shaping the commercial real estate landscape."<\p>
New pro sports team looks to rev up economy in boomtown
Simon Keizer and Ben Watson didn't know their lives were about to change when they met at a wedding in Frisco in October 2022.<\p> Watson, a Sherman native who at the time was living in New York and playing professional soccer, came home to attend his brother's wedding. He happened to meet Keizer, an England native who was living in Virginia but has spent much of his life in Texas. They hit it off almost immediately when they started talking about soccer.<\p>
Dallas students receive $4M boost from investment giant
Roddrick Jones credits her adviser in the Education is Freedom program in Dallas County schools for guiding her down the path toward a college degree and a career she’s passionate about.<\p> Today, as an adviser herself for the nonprofit, she does the same for thousands of students each year.<\p>
Best Places to Work share amazing perks
There's a new class of Best Places to Work in Dallas Business Journal's annual awards and, as usual, many offer cool perks or other culture-building amenities that employees love.<\p> Dallas Business Journal recognized the 103 members of the 2024 class at a rousing football-themed event at the Hilton Anatole on Oct. 29.<\p>
Best Places to Work ranked
For 22 years, Dallas Business Journal has trained the spotlight on workplaces that support and invest in their people. Today a new class of 103 companies has officially joined the esteemed ranks of the Best Places to Work.<\p> DBJ recognized the 2024 class at a rousing football-themed event at the Hilton Anatole on Oct. 29, complete with pigskins and jerseys.<\p>
Dallas' bright future glimpsed in these projects
The evolution of Dallas Executive Airport, the redevelopment of the Kay Bailey Hutchison Convention Center and the growth of both new and established industries are some of the biggest economic opportunities that Dallas Economic Development Corp. CEO Linda McMahon sees for the city.<\p> McMahon officially stepped into her new role July 1 as the first CEO of the Dallas EDC, an independent entity overseen by a city council-approved board that focuses on job creation, marketing the city and attracting business investments.<\p>
Mike Hoque to buy neglected downtown Dallas site
Mike Hoque, CEO of real estate firm Hoque Global and a major investor in downtown Dallas, is in the process of buying a neglected, city-owned property near the Farmers Market — one that has been frequented by squatters and vandalized in recent years.<\p> In late August, the City of Dallas listed the site at 711 S. St. Paul St. for sale after city staffers found it in dilapidated condition during visits earlier in the summer. The team found biohazards, graffiti and numerous code violations.<\p>
Free flights for life? Southwest board perks detailed
Southwest Airline Co.'s outgoing and incoming board members' compensation plan includes free flight perks and financial payment, according to an Oct. 24 filing that outlined the Dallas-based airline's recent corporate agreement with Elliott Investment Management LP.<\p> The agreement announced last week with Elliott, which controls 11% of the airline’s common stock, ended the threat of a looming proxy fight between the company and the activist investor. Elliott withdrew its request for a December special meeting of the company’s shareholders.<\p>
Chicken Express founder buys North Texas shopping center
A real estate limited liability company tied to the founder of the Chicken Express fast food chain has purchased a 44,000-square-foot shopping center in Weatherford.<\p> Weatherford-based RLS II Properties Management Inc. on Oct. 11 purchased The Village at Weatherfood at 300-318 South Main St. from California-based Sinclair Investments LLC, according to Parker County deed documents.<\p>
Workers are burned out, and one group of employees is feeling it most
The last few years haven’t exactly been stress-free, and it's left a majority of frontline workers with a sense of burnout.<\p> New research from workforce-management company UKG and consultancy Workplace Intelligence shows that 75% of nearly 13,000 frontline workers from around the world say they feel burned out. That response was highest among Gen Z workers, with 83% of those frontline workers reporting a sense of burnout.<\p>
This could take Dallas' economy to next level, experts say
Scientists dressed in white lab coats rush from work benches to private labs. Some hunch over microscopes, fume hoods and other costly pieces of equipment. Others sit at their benches analyzing data.<\p> They're all working for biotechnology startups, doing things like trying to find cures for cancer or neurodegenerative diseases, or creating new medical devices. And this scene is taking place at BioLabs Pegasus Park in Dallas, not San Francisco or Boston.<\p>
Lenders take different tack on delinquent loans as foreclosures rise
Commercial foreclosure activity across the nation crept up last month despite more positive sentiments overall across the commercial real estate industry.<\p> Foreclosure activity on U.S. commercial properties rose in September from the month prior, to 695, according to Attom Data Solutions LLC. The property data firm's analysis includes the total number of commercial properties with at least one foreclosure filing entered into its Data Warehouse during the month. It doesn't distinguish property types or sectors.<\p>
$200M projects still on drawing board
42 Real Estate still has big plans in Mesquite, although its developments might take a bit longer than originally planned.<\p> Entities tied to the real estate firm could spend nearly $200 million on new industrial projects in the city east of Dallas in the next several years. Both projects have received public support, but the City of Mesquite has recently tweaked development agreements that will allow for extended construction timelines in the face of rising construction costs and a downshift in industrial development.<\p>
Cotton Bowl renovation costs could increase
Welcome back to On the Agenda, a Dallas Business Journal feature that digs into public meeting agendas to highlight topics of importance to business people, such as new developments, corporate relocations and economic incentives. Tips for On the Agenda can be emailed to bhethcock@bizjournals.com.<\p> An architectural contract for the renovations of the Cotton Bowl could be increased. A mixed-use future for a retail center in North Dallas are in limbo. Crime statistics and police and firefighter hiring efforts will be discussed in Dallas. A new middle school and an expanded high school may get the go-ahead in Princeton. And Fort Worth is examining ways to revitalize key neighborhoods.<\p>
More companies are putting pay details in job listings
The number of job postings that list salary information continues to climb — and they tend to attract more competitive candidates.<\p> Indeed’s Hiring Lab found in a study released Oct. 23 that 57.8% of job postings on Indeed in September contained some salary information, up from 52.2% during the same time in 2023. Although the rate of growth has slowed from previous years, the rate still grew in 95 of the 110 metropolitan areas Indeed tracked. <\p>
Huge new DFW neighborhoods compete with lavish features
Kayak a crystal-clear lagoon. Float a lazy river. Release your inner Tarzan in a treehouse or on a zip line.<\p> Those are a few of the everyday activities possible for residents of master-planned communities throughout North Texas, which boasts some of the top residential amenities in the nation.<\p>
4K-home neighborhood to add to small city's transformation
Hillwood Communities started construction this week on its next multibillion-dollar residential community in North Texas.<\p> Ramble by Hillwood is now underway in Celina, bringing thousands of homes and an emphasis on nature to Celina, about 40 miles north of Dallas. Hillwood Communities broke ground Oct. 23, executives confirmed. The company had bought the land in January.<\p>
One of Texas' busiest commercial hubs to get smarter
Hillwood, developer of the 27,000-acre AllianceTexas, and partners are building a $262 million Smart Port at the site on the north side of Fort Worth, hoping to amp up its already bustling inland port and bolster the region's supply chain.<\p> A recently awarded $80 million grant from the U.S. Department of Transportation, announced Oct. 24, will help pay for the infrastructure of the project.<\p>
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