“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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