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Dallas Business Journal
Pro sports team wants to play at Cotton Bowl Stadium
Update: The pro sports team that wants to play at Cotton Bowl Stadium appears to be a women's soccer club in the new USL Super League. For the latest, go here. Original story: Fair Park's Cotton Bowl Stadium could soon become home to a professional...
Downtown tower lures big company from The Crescent in Uptown
While some major companies are trading spaces in legacy downtown high-rises for new construction in Uptown Dallas, a prominent company has made a move in the opposite direction. Russell Reynolds Associates Inc., a global executive search firm based...
Billions in bond projects OK'd
A ton of municipal and K-12 development is on tap in North Texas after voters on May 4 approved a range of bond packages. City of Dallas voters approved all 10 bond propositions, authorizing the city to borrow $1.25 billion to spend on new parks, road...
Presidents, corporate leaders headed to Dallas for summit
Global corporate leaders and top U.S. and African government officials are arriving in Dallas to highlight economic opportunities on a continent that is often overlooked by businesses. The Corporate Council on Africa will host its 16th annual U.S.-Africa...
Dallas-based aerospace co. opens wallet again
Dallas-based Precision Aerospace Holdings LLC has completed its second acquisition in less than 10 months. Precision, a manufacturer of aerospace and defense components, announced on May 3 it has acquired Lewisville-based Owens Machine and Tool Co....
Live map: Here’s where H-E-B is making moves in DFW
H-E-B isn’t just a Central or South Texas thing anymore — after almost two years in the region, the San Antonio-based mega grocery chain has slowly yet surely embedded itself into the North Texas grocery landscape. In fact, H-E-B’s presence...
$345M raised in Dallas for deals
Latticework Capital Management LLC announced May 2 the close of its second fund with $345 million as private equity firms continue to rake in big money. The Dallas-based firm's latest fund, LCM Healthcare Fund II, was oversubscribed, exceeding its $275...
More DFW leaders to know revealed in 40 Under 40
Today, we announce the remaining selections of this year’s 40 Under 40 honorees. They include an IT engineer who volunteers her time to mentor girls on cybersecurity, the CEO who founded a fast-growing data center development firm, the founder of...
Longtime TREC boss to lead pivotal new org
Linda McMahon, longtime leader of The Real Estate Council in Dallas, is set to become the first CEO of the newly created Dallas Economic Development Corp. The Dallas EDC announced May 3 that McMahon is the sole finalist for the leadership role and could...
Pioneer now part of Exxon
Exxon Mobil Corp. announced early May 3 that it closed its acquisition of Dallas-based Pioneer Natural Resources Co., a deal with significant ramifications for Texas' oil and gas sector. The all-stock acquisition was valued at $59.5 billion, or $253...
$850M project with big-name backers takes shape in Fort Worth
An $850 million mixed-use project proposed in the ever-popular Cultural District of Fort Worth would significantly expand the footprint of office, residential and hospitality space in the area west of the city's downtown. The project is headed by Westside...
Inspiring young North Texans in spotlight
From a nonprofit leader who puts his love of bike riding to work to a CEO who designs special events, there are a ton of inspiring young people in Dallas-Fort Worth. Those are two of the honorees in this year's 40 Under 40 awards, an annual program...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. <\p> According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite 64% who believe inflation won’t be coming down soon, and 60% who say their business is in need of financing more than it was a year ago. <\p>
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
What are the biggest commercial real estate brokerages in DFW?
It's a strange time in commercial real estate.<\p> In some industries and geographic areas, business is booming. For instance, there's still rampant demand for industrial space — although warehouses are a bit easier to find because of a glut of recent deliveries.<\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
North Texas to host 2024 U.S. Gymnastics Championships ahead of Paris Summer Olympic Games
Fort Worth is set to host America's top gymnasts as they prepare to represent the United States in the 2024 Summer Olympic Games. Join us as we reveal the rankings of the fastest-growing middle market companies in Dallas-Fort Worth! Rankings are based on revenue growth over a three-year period for companies with annual revenue of $10 million to $1 billion.
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