Monday, December 3, 2018

Keller Williams DMN “What’s The GOOD News?” November 2018




“What’s The GOOD News?”
November 2018

1.*   With a relatively low cost of living and population growth projections that outstrip other U.S. cities by two times, Dallas-Fort Worth has been named the top real estate market to watch in 2019. The Emerging Trends in Real Estate for 2019 report from PricewaterhouseCoopers and the Urban Land Institute ranked the Metroplex as the number one market for overall real estate prospects in 2019 out of 78 other cities. Austin and San Antonio also made it into the top 20 for overall real estate prospects in the annual forecast report, which is compiled from thousands of interviews with real estate experts across a spectrum of industries.

2.*   Financial services giant Charles Schwab is working on plans to more than double its regional headquarters northwest of DFW International Airport in Westlake. The San Francisco-based firm broke ground last year on the first, $100 million phase of the 70-acre office campus near State Highways 114 and 170. The initial half-million-square-foot office complex is expected to house 2,600 Schwab workers after it opens early next year.Schwab recently filed plans with the town of Westlake for a second, 617,000-square-foot phase of the development that will add two more office buildings.  The second phase would also have an additional parking garage that can allow a total of more than 6,000 workers on the entire site.hat would make ­the new Schwab campus one of the largest employers in the area north of Fort Worth.

3.*   Million-dollar home sales are booming in North Texas. A record of almost 1,400 million-dollar houses changed hands in the Dallas-Fort Worth area in the first nine months of 2018. That's a 10 percent growth in mansion sales in the region, while overall preowned home sales are unchanged from where they were a year ago. The percentage of local properties fit for a millionaire is still low by national standards (only about 2 percent of Dallas-area homes are valued at $1 million or more), but more pricey properties are selling in DFW than ever before.

4.*   As L3 Technologies transforms itself from operating like a holding company to the defense industry’s sixth-largest company, it’s looking to invest in its core markets. Dallas-Fort Worth is arguably the defense contractor’s most important market. Two of the company’s three business units are headquartered in North Texas, and one in particular is looking to hire hundreds. “We have about 400 open reqs in the Dallas region right now,” said Jeff Miller, the president of Intelligence, Surveillance & Reconnaissance Systems, or ISR. “I would say we’ll try and put half of those in the Plano office.” ISR moved into its new Plano headquarters about six months ago and is growing faster than expected. Of the more than 400 job openings, Miller said roughly half are for engineering positions. 

5.*   Lebron James-backed pizzeria chain Blaze Pizza is set to saturate the DFW market by opening 20 additional pizza outposts over the next several years. The chain, which already operates four locally in Frisco, Arlington, Fort Worth and The Colony, is pushing to operate 1,000 restaurants in at least six countries, up from its current count of nearly 300 in five countries with the goal of becoming a billion-dollar company by 2022. In addition to James, several other star-powered investors are involved in the brand including Maria Shriver and Boston Red Sox chairman Tom Werner.


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