What Was The Good News For March?

Six Flags Over Texas this month will debut what it’s calling North America’s first dedicated virtual reality roller coaster.    The New Revolution Virtual Reality Coaster uses Samsung Gear VR powered by Oculus and Samsung phones. Riders become “co-pilots” in futuristic virtual fighter jets and are transported into a battle to save planet Earth from an alien invasion, while trekking along at 55 mph. The headsets have adjustable straps, so guests can wear their own prescription glasses on the ride.  The new virtual reality coaster is set to open to the general public on March 26.


San Francisco-based McKesson Corp. has announced plans to spend $157 million in a Texas expansion in Irving. The health care services and information technology company will fill the former NEC buildings near State Highway 161 and State Highway 114 in Irving.  McKesson plans to add at least 975 new jobs in its expansion efforts in addition to the 900 already working in North Texas.



Giant Bicycles will occupy 3,500 square-feet near the intersection of Lakeside Parkway and Surrey Lane, in Lakeside in Flower Mound.  While Giant branded bicycles are sold in bike shops all across Dallas/Fort Worth, this will be Giant’s first brand store in the Dallas/Fort Worth market. Giant is the leading performance bike manufacturer in the world and has other Giant brand stores located in the Denver, London, Scottsdale, Paris, Boston, Melbourne and Santa Monica markets.  The Giant Bicycle Store hopes to prosper due to the biking enthusiasts that ride the Northshore Trail adjacent to Lakeside.


Argyle P & Z has given approval to a planned development on approximately 134-acres of land along the east side of I-35W and south of FM 407, across the interstate from Paradise Foods. The project is under the direction of a familiar name in North Texas, Mehrdad Moayedi of Centurion American Acquisitions, who also is the developer of The River Walk in Flower Mound.   Avalon at Argyle will include a variety of 334-single-family residential home styles, including townhomes and single family detached.  Avalon at Argyle will also include approximately 39-acres of commercial property, as well as approximately 22-acres of open space with parks and trails that will provide connectivity between the neighborhood and the retail center along I-35W.


New York-based advertising and marketing giant Saatchi & Saatchi is following one of its biggest clients – Toyota Motor Corp – to the DFW area. Instead of following Toyota to Plano, Saatchi & Saatchi has picked one of Uptown’s newest office blocks for its expansion. Saatchi & Saatchi has rented more than 50,000 square feet of office space in the new McKinney & Olive tower under construction on McKinney Avenue. Saatchi & Saatchi’s sister company Team One will also be located in the 20-story McKinney & Olive tower.  The building is set to open in late summer after two years of construction.  Since recruiting and retaining talent is a priority in the advertising industry, the walkable urban neighborhood was appealing. Saatchi & Saatchi has 130 offices in 70 countries with more than 6500 employees.


RealtyTrac recently reported that there were 110,008 investors or entities that completed at least one home flip in 2015, the highest number of home flippers since 2007, when there were 130,603 home flippers. RealtyTrac’s research shows that the peak in the number of active home flippers was in 2005, with 259,192. However, there were 1.63 home flips per investor in 2015, the lowest ratio of flips per investor since 2008.

Some 179,778 U.S. single family homes and condos were flipped in 2015, according to RealtyTrac — about 5% of sales — and, more staggeringly, flipping in 12 major markets now is above 2005 levels, said RealtyTrac. . As for metros with especially active flipping, RealtyTrac pointed to Pittsburgh (19% above 2005 levels), Memphis (18% above 2005), Buffalo (12% above 2005) and San Diego (4% above 2005), Seattle (4% above 2005) and Birmingham, Ala.(4% above 2005).

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