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REAL ESTATE
Forney Approves Incentives for the Villages at Gateway
FORNEY, TX – The City of Forney has recently approved economic incentive agreements with 3MEBS/StreetLevel Investments for the Villages at Gateway project. The Villages at Gateway, which will be located near North Gateway Boulevard and U.S. Highway 80, will be a regional hub for retail, services, and dining, catering to both Forney residents and beyond. This development will feature major retailers, including Target, HEB, and Home Depot. In addition to these major brands, the Villages at Gateway will include convenience retail, fast casual, sit-down restaurants, and more.
Yes, Really: A $745K Midcentury Zoned for Lakewood Elementary
Built in 1959, this Midcentury Ranch is a knockout in pictures, even before you realize where it’s located — and there’s the ballgame. At one end of the block, 4315 Briar Creek Lane lets out on Abrams near the intersection of Mockingbird, just up the street from Hudson House, Dream Cafe, and Sprouts. The other direction is a tranquil, private creek, giving the neighborhood a lush, peaceful feel. Not to mention, Lakewood! And the home is zoned for highly-rated Lakewood Elementary.
Many of the fastest-growing suburbs are in Texas
Suburban and exurban growth is outpacing that of major cities across the United States, and Texas is no exception. In fact, according to a report from StorageCafe, seven of the top 20 fastest-growing housing markets are located in the Lone Star State. The Houston suburb of Fulshear ranked as the...
New mixed-income apartment community opens in Dallas
DALLAS — A new mixed-income apartment community is officially open in the Oak Cliff neighborhood of Dallas. The 219-unit apartment community, called Oakhouse, in the 900 block of E. Colorado Boulevard adjacent to downtown and the Bishop Arts neighborhood is now leasing with the first move-ins expected this week.
Dallas home sales decline in June
Home sales in the Dallas-Fort Worth Metroplex declined 11.6% year over year in June, according to the most recent report from the MetroTex Association of REALTORS®. Active listings increased by 44.7% amid decreased home sales, with 27,901 properties on the market last month. Months of inventory reached 3.8, much higher than the 2.5-month supply seen in June 2023.
JLL: Dallas Office Trends Show ‘Green Shoots of Positivity’ Halfway Through 2024
A midyear check-in has added clarity to the state of play for Dallas’ office real estate market. JLL’s recently released update on office activity for the second quarter of the year highlights that the region has passed Chicago as the third-largest metro for office jobs. “That supply of workers needing space, coupled with a continually growing population, strong office culture, ample amenities, and available product will position Dallas to continue gaining momentum as the market transitions into the second half of the year,” the report states.
United Real Estate settles the commission lawsuits
Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. On Tuesday, United Real Estate announced that it had reached a nationwide settlement in the Gibson commission lawsuit. As part of the settlement, United will pay $3.7 million into a settlement fund. The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time.
Interesting Facts About the Tallest Building in Dallas
The 72-story Bank of America Tower at 901 Main Street in downtown Dallas is the tallest building in the city. Construction began in 1983 on a site that had been a parking lot for a few years and was completed in 1985. The original plan called for two towers with pyramid-style roofs. The second tower was supposed to be built across Main Street, where Civic Garden is located today.
Women Leaders in Commercial Real Estate
Here at D CEO, we are proud to cover the thriving commercial real estate community that industry leaders have built. For the third consecutive year, Dallas took the top spot as the most preferred investment market,* highlighting the strength and impact of this industry in our city. This accomplishment is...
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