Residents of Dallas can now boast the second-highest share of luxury homes for sale in Texas. Approximately 22% of the cityโs home listings show a minimum price tag of $1 million, according to a new...
Dallas Market Update for February 2023
Dallas County Median Home prices decreased by $4,000, up 3.2% from January of 2022. The average days on market is now 80 compared to last month's 70, overall 10 days more than January of 2022....
By Kylah Artz | Feb 22, 2023
Housing Market Braces for Higher Rates
Mortgage rates in the U.S. cooled over the winter, giving real estate professionals and homebuyers a brief boost in confidence, but now that rates are bouncing back, the excitement is likely being...
Braniff Airways Building Back on the Market
A historic facility in Dallas, formerly used as a school for flight attendants, is back on the market. Davidson Bogel Real Estate has listed the Braniff International Airways' former hostess college...
Broadnax Backlog Besets Hotel Construction
Dallas currently leads the nation as the top real estate market for hotel construction, but its competitive edge is forecast to slip in the years, likely due in part to its permitting hurdles. At...
Apartment Hunters Eye Rentals Outside Dallas
Local apartment hunters are seeking better rental opportunities outside the Dallas metroplex. The latest migration data shows that nearly one in four apartment seekers wish to relocate to Dallas...
Texas State Park Land Sold to Developers
Fairfield Lake State Park will soon be closing. The Texas Parks and Wildlife Department (TPWD) announced the closing of the park and notice to vacate on February 14. This plot of land was leased at...
Lucid Private Offices Signs Local Lease
A Dallas-based firm specializing in office space operations has leased a shared office building in Plano. Lucid Private Offices -- formerly WorkSuites -- announced that the firm has leased 31,000...
City Weighs Incentives Package for Projects
Mansfield City Council will meet Monday to vote on an incentive package for two mixed-use projects that could add more than local 2,000 jobs. Spearheading the two projects is Super Studios Mansfield...
Developer’s Land Being Sold After Seizure
A luxury community developer is set to win a solo bid to buy 4.5 acres of undeveloped commercial land in Frisco. Washington, D.C.-based Petra Development reportedly placed a $9 million dollar bid to...
Rosewood Hotels Marks Return with Condo Tower
Rosewood Hotels & Resorts has partnered with a local developer on a luxury residential high-rise project planned for the Oak Lawn area of Dallas. The luxury hotel and resort company will work...
Landmark Local Mansion Has New Owner
Fort Worthโs landmark Baldridge House sold to a new owner for more than $6 million. The 11,725-square-foot Georgian-style mansion sits on nearly 1.5 acres at 5100 Crestline Road in Fort Worth. The...
17-Story Office Tower Planned for Dallas
A local real estate development and investment firm is planning to build an office high-rise in Uptown Dallas. Dallas-based Stonelake Capital Partners is moving forward with plans to build a new...
NexPoint Envisions $3B Life Sciencesย Complex
A local asset management firm is planning to invest billions to build a life sciences complex in Plano. Dallas-based NexPoint Development Co. has an ambitious plan to invest more than $3.6 billion...
Apparel Firm Adds Dallas Distribution Center
One of the largest wholesale apparel manufacturers in the country is establishing a new industrial warehouse and distribution facility in South Dallas. Global apparel firmย SanMar Corp. is planning...
Protect Against Property Scams
The sale of real estate is one of the top transactions targeted by scammers. The latest scam affecting the public and real estate professionals involves criminals impersonating a seller wanting to...
By Kylah Artz | Feb 6, 2023
30 Most Expensive Cities in Metroplex
Home prices in North Texas are continuing to increase, with home values rising most dramatically in the suburbs and towns surrounding the city of Dallas. The news outlet Stacker compiled a list of...
Big Housing Markets Challenging for Buyers
Homeowners locked into sub-3% mortgage rates have had little incentive to offload their properties, with the average 30-year fixed mortgage rate now above 6%.ย This interest rate spread is creating...
Comerica Tower May Become Mixed Use
A high-rise tower in Dallas could soon be redeveloped into a sprawling mixed-use development. The owners of Dallasโ landmark Comerica Bank Tower are planning to convert up to 20 floors of office...
ย Local Builder Plans Hundreds of Homes
A local construction company plans to add hundreds of new homes to specific retirement-focused communities around North Texas. Roanoke-based construction companyย Integrity Groupย announced plans to...
Henderson Ave. Retail Development to Commence
An East Dallas retail development project on Henderson Avenue is set to begin construction sometime this summer. In 2018, the Dallas City Council voted on a rezoning plan for the area. It was a...