North Texas Businesses

What’s The GOOD News?

Good News1

June 20, 2017

Toyota2

Toyota Plano – Starting May 15, 2017, the first wave of Toyota employees — mostly in facilities and information systems management — began working in the new 2 million square foot North American headquarters in Plano.  By December 11, 2017, about 4,000 Toyota employees will work in the 100-acre development.   The company plans to move in employees in waves of about 250, with a peak of about 350 during the summer. Construction is expected to officially end in October and the project is reported to have remained on schedule.

Forbes1Forbes 2017 Global 2000 List – The Forbes 2017 Global 2000 list of the world’s largest public companies was released in late May.  The list features public companies from 58 countries that together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion of assets, and have a combined market value of $48.8 trillion. All four metrics are up from the 2016 ranking, with market capitalization up 10% from last year. Industrial & Commercial Bank of China and China Construction Bank are the #1 and #2 largest public companies in the world, with the top five rounded out by three American financial institutions: Berkshire Hathaway, JPMorgan Chase and Wells Fargo.

AT&T has leapfrogged Exxon Mobil in Forbes’ 2017 Global 2000 list, taking over the perch as the largest public company in Texas.  The Dallas telecom giant moved up a spot to 11th in this year’s edition of the rankings, with Exxon dropping down to 13th from 9th in 2016.  Japanese automaker Toyota Motor comes in at the 10th spot on the list. Round Forbes4Rock-based Dell Technologies Inc. landed at No. 608 overall and No. 14 in Texas on Forbes’ list.  Dell has been privately owned since a 2013 buyout led by CEO and founder Michael Dell, but it has a tracking stock listed on the New York Stock Exchange under the ticker “DVMT.”  Overall, the U.S. earns 565 of the top 2,000 spots, with China grabbing 263 and Japan taking 229.   The three countries account for more than half the list.

 DFW1DFW International Airport – More than 18 million passengers are expected to travel through Dallas Fort Worth International Airport during the 2017 summer travel period — a projected increase of 3.5% over last year.   More than 65 million customers pass through DFW Airport every year, making it one of the most frequently visited super hub airports in the world. The airlines serving the DFW offer a total of 163 domestic and 55 international nonstop destinations worldwide, including new DFW2nonstop routes to Rome and Amsterdam.  DFW Airport plans to spend $400 million on infrastructure, including an August 2017 start date for a new north entry cellphone lot, a better baggage handling system at Terminal B, passenger boarding bridges and more employee parking over the next few years.

TreeHouse – Home improvement retailer TreeHouse, which opened in TreeHouse4Dallas Friday June 2nd, is the world’s first retail store to produce more energy than it uses. A Tesla power pack battery wall stores harvested solar energy to redistribute when needed, and to put excess back into the grid. All of its plants are native species and watered from harvested rainwater. The store uses daylight as much as possible, and cools by using Big Ass fans.

The Austin-based home improvement store sells products that fall into 3 categories: Performance – meaning energy efficient merchandise,EKO_symbol_cmyk windows, roofing, insulation; Design including paint, flooring, cabinetry, lighting; Landscaping including decking, irrigation, gardening.  Many products come from recycled materials, are free of toxins, are more sustainable or integrate automation for ease.  Inside the store, customers will also experience a live kitchen with local chefs demonstrating smart-home appliances, and two to three classes each week on topics like native landscaping.  The location is at the northeast corner of Interstate 75 & Walnut Hill Lane. The store will span 25,000 square foot, including 5,000 to 10,000 square feet for an outdoor landscaping section.  TreeHouse has also announced it will open a second North Texas location this fall at the corner of Preston Road and Park Boulevard in Plano, adjacent to a Whole Foods.

EpicWaters1New Epic Waters Waterpark – A new Dallas-Fort Worth Waterpark is set to make an EPIC Splash! The city of Grand Prairie announces their new $75M recreational facility that is slated to open in November of this year.  Epic Waters indoor waterpark is an indoor-outdoor venue with a retractable roof that’s open year round.

EpicWaters3The park will have nine water slides, including an outdoor wave pool, a lazy river, an activity pool, a children’s area, and an arcade. There will be cabanas, a full-service grill/bar, and private party/meeting areas, both indoor and outdoor. It’s part of The Epic recreation center, which will feature fitness equipment, indoor tracks, a digital library, and recording studio. The complex will also have a 5,000-seat amphitheater, and more than two miles of trails. Epic is the final phase of the 172 acre Grand Central recreational development.

Information provided by Keller Williams Dallas Metro North. Call us today for assistance with your real estate needs!

Attention Flower Mound Foodies!

 

chefLocal “Foodies” are all smiles about the new eating and dining trends coming our way!

The Market at Lakeside, 2500 Lakeside Parkway, Suite 100 – opening this month, The Market at Lakeside is an independent grocery store, run by local owners Billy and Talitha Ledet. The neighborhood store will feature quality, unique, fresh food and ingredients to satisfy your everyday eating, entertaining and special occasion needs. In addition to offering basic staples, The Market will offer a variety of healthy grocery items, fresh produce, baked goods and deli sandwiches, as well as an assortment of wines and local craft beers. The Ledets strongly support local farmers and producers because they believe in the community they live in and serve. Curbside pick-up and delivery will be offered; outdoor seating is available to meet your friends and enjoy a Saturday morning croissant!

coffeeTrio Craft Coffee, 2650 Flower Mound Road (NE corner of FM2499 and FM3040) – After Carlos and Susan Palacio, owners of Trio, moved their shop down the road into a beautiful, larger new space, they wanted to bring to the community high-quality food prepared by reputable chefs. Carlos always believed that his pursuit of intentional, ingredient-focused coffee products was a natural pairing with cooking; to that end, the Palacios hosted their inaugural pop-up dinner on May 11 for 22 lucky diners.

A pop-up dinner is a dining trend in which diners are given a chance to try something new – like a meal eaten entirely in the dark, or a meal made entirely of food scaps, or in the case of Trio Craft Coffee, a meal that features coffee as both an ingredient as well as a meal pairing.

Trio plans to repeat the experiential dining experience with another pop-up dinner planned for the Fall.

Read more about Trio’s inaugural pop-up dinner: Dallas Observer

It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Call Keller Williams Dallas Metro North today to find a qualified REALTOR® to assist you with your real estate needs. 

Keller Williams Dallas Metro North remains a strong presence in the Metroplex!

Newest data indicates that Keller Williams Dallas Metro North remains a strong presence in the Dallas/Fort Worth real estate market!

Slide1In May 2017, Area 41, Keller Williams Dallas Metro North (KW-DMN) closed more than twice as many units as the next closest brokerage firm.

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide2Similarly, YTD 2017 data for Area 41 clearly demonstrates that Keller Williams Dallas Metro North (KW-DMN) closed more than double the units of their nearest competitor!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide3In May 2017, Keller Williams Dallas Metro North (KW-DMN) ranked 5th in closed units for the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties). Also notable – Keller Williams brokerage firms are a strong presence in the area, holding the top eight positions for closed units in the Metroplex!

 

slide4YTD 2017 figures indicate another strong showing by Keller Williams Dallas Metro North (KW-DMN), ranking 5th in the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties) for closed units. 8 of the top 10 Metroplex brokerage firms for Closed Unit Data belong to Keller Williams brokerage offices!

 

Slide5Keller Williams Dallas Metro North (DMN) improved to 5 fewer days on market for YTD 2017 when compared to 2016.

Furthermore, our listings are selling 16 days faster than the area MLS listings, an improvement over 2016 figures by 3 days!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.
It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Contact Keller Williams Dallas Metro North today for your real estate needs!

Dallas, Seattle top cities for U.S. Home Price Changes

business - growth 2[reprinted] from Dallas News – by Steve Brown, Real Estate Editor, May 25, 2017

U.S. home values have risen above the peak before the last recession, according to a new report from Zillow.

Nationwide home values are 1 percent higher than they were in 2007, the real estate marketing website said in a new report.

North Texas home prices have already soared past pre recession levels.

Zillow said D-FW’s median home value in April were up 11.1 percent from a year earlier to $207,300.

That’s almost $10,000 more than the U.S. median.

Only Seattle at 11.8 percent had a greater year-over-year home price gain in April, blog 053017according to Zillow.

“Now that the typical U.S. home is worth more than ever, people may be tempted to ask if we’re in another national housing bubble,” Zillow Chief Economist Dr. Svenja Gudell said in the new report. “We aren’t in a bubble, and won’t be entering one anytime soon.

“Supply has been slow to catch up to this demand, which is causing home values to grow at a faster clip than we might otherwise expect,” she said. “Beyond that, the market’s fundamentals look largely healthy.”

North Texas home prices are now almost 50 percent higher than they were at the peak before the recession in the summer of 2017.

Median home sales prices in the region are up 13 percent for the first four months of 2017 compared with the same period last year, according to data from local real estate agents.

It’s highly beneficial to have a professional, knowledgeable, local Real Estate Agent by your side! Call Keller Williams Dallas Metro North today for all your real estate needs!

Good News – May 2017

business - growth 5Nationally, homeowners saw 24% average return in 1st Q. 2017 – Homeowners who sold in the first three months of this year saw an average price gain of $44,000 from purchase, according to a report from Attom Data Solutions released April 27, 2017. That represents a 24% return on the purchase price – the highest gain since third quarter 2007.  Nationwide, the median home price was $225,000 during the first quarter of 2017, the report stated, up 13% from a year ago. Homes in more expensive markets have seen the highest average price gains so far this year, the report found. Sellers in San Jose, California, saw an average price gain of $356,500 (71% return on investment), followed by those in San Francisco with a gain of $276,750 (65% return on investment).  The Austin-Round Rock, Texas market is the only Texas market that shows up on the Top 20 metro areas where home sellers are making the most money when selling their homes, with an average return on investment of 39% and an average price gain of $81,795…..and that puts them at the #19 spot on the list.   

shutterstock_389597869Noble Gold Investments opens IRA depository in Dallas – Delaware and New York no longer have a monopoly on storing gold and precious metals for IRAs. This month, Noble Gold Investments opened an IRA depository in Dallas, the first of its kind in this region of the country.  Charles Thorngren, CEO of Noble Gold, said they will store everything from bullions to coins and platinum to palladium at the high-security facility. He could not disclose the  location, only that it is in Dallas.

And yes, they are storing the physical metal. Like any asset, gold prices do fluctuate from day-to-day based on economic conditions and demand. On May 12, spot prices for gold were at $1,226 an ounce.  Noble Gold stores the precious metals for a flat $300 annual fee.

Plano Water TowerAltice USA Inc. expansion to bring 400 jobs to area – International telecommunications firm Altice USA Inc. has decided to expand its presence in North Texas with a new 79,000 square feet office in Plano. The company already has an office in Plano, and this new office, which they expect to occupy by the 3rd quarter of this year, will bring 400 relocated or new jobs to the city.  The company provides internet, video and phone services throughout the country with 4.9 million residential and business customers in 21 states.  Altice has expanded its 1 Gigabit per second broadband services in Texas to about 85 communities in the state and has announced a five-year plan to build a next generation fiber optic network capable of delivering speeds of up to 10 Gbps.   

Innovative Design of Connex Office Park will Use Shipping Containers as Construction Material – Construction has begun on an office park made entirely of shutterstock_554962666shipping containers, which, once started, will deliver a new office and retail option to tenants near downtown Fort Worth.  The three-story office park, called Connex Fort Worth, will sit on a tract at 1201 Evans Ave. and is being developed with the help of 40 shipping containers.  The Connex office park is slated for completion by the end of October.  Upon completion, the Connex office park will bring a zero energy building powered with the help of solar power and wind turbine trees atop the roof of the structure.   

Grand Opening of Kubota Tractor Headquarters in Grapevine – Early April marked the grand opening of the Kubota Tractor headquarters campus in Grapevine, completingshutterstock_322361249 a 2 year building process.  The new facility includes the headquarters building and an adjacent 62,000 square foot research and development building, an outdoor water garden, and a large employee lounge and food service area.  The facilities already have about 280 employees working there, with 2017 employment expected to reach 340 jobs created. The new Grapevine campus is built to ultimately house as many as 600 workers, and has already brought a payroll of $25 million annually to our area. The completion of the $50 million campus for Kubota Tractor Corp in Grapevine has pushed the vertical limit of tilt-wall construction, with its tallest concrete panel coming in at 82 ft 11 in.  In the past, tilt-wall construction has been reserved for mainly industrial buildings, but as technology has evolved — so has the use of tilt-wall construction — and it has fully transferred into the construction of office buildings.  The building appears to be four-stories tall instead of its actual three story height and has 20-foot floor-to-floor heights. A 300-ton crane was used to erect the concrete walls.

What Was The Good News For August?

Old_Courthouse_Denton_TX

Denton County property values continued their upward climb this year.  The Denton Central Appraisal District’s 2016 certified valuations were finalized on July 22, 2016. Countywide property values rose nearly 11%  over last year.  Unfortunately, property owners who disagree with the Denton CAD’s 2016 appraisal of their property value must have filed a written protest with the Appraisal Review Board (ARB) before May 1.  As expected, the 2016 Certified Valuations were less than the Preliminary Valuations, but higher than the 2015 Certified Valuations.


 California-based Charles Schwab Corp. will create at least 1,200 new jobs with its planned regional office campus in northeast Tarrant County.  The 500,000-square-foot office center in Westlake has been given a $6 million Texas Enterprise Fund grant to help pay for the project.  The San Francisco-based company rented office space in Westlake to temporarily house up to 500 Schwab employees in November 2015, so this is a commitment to the DFW area.  Construction on the new office center begins in 2017.


H-E-B continues to tease North Texans with the prospect of opening grocery stores in the region. The San Antonio-based grocery recently purchased six Sun Fresh Market stores, and remains coy about whether those locations will become home to H-E-Bs or the fancier Central Market brand. The state’s largest independent grocery chain has purchased four Dallas store locations in Uptown, Lake Highlands, Lakewood and Northwest Dallas, along with 2 more store locations in McKinney and Grapevine. H-E-B also owns 20 pieces of land in North Texas where new stores could be built.


Pinterest

Pinterest is changing the way it sells its ads.  Marketers will now be able to bid on inventory through an auction process. Previously, CPMs – or cost per thousand impressions – were only available on a fixed-priced basis. Meanwhile, the company also added that marketers can now add frequency capping, which will allow them to specify the maximum number of times a person can see their campaign.


Dallas has made the list of international cities with the greatest office rent increases, according to a report released on August 10, 2016 by commercial real estate firm JLL.  Big D was at the top of JLL’s list of top markets for quarter-over-quarter office rent growth.  Average quoted rents in the Dallas area were up 8% at midyear from the first quarter.  Office rents in North Texas now top $25 per square foot on average — a record high, according to JLL.  The only other North American markets with big rent gains on the list were Montreal (6.3%) and San Francisco (5.8%).  Rents in Houston, hard hit by the energy sector slowdown, were actually 1.1% lower this year, so as you study data, be aware that Texas numbers as a whole, may not be reflective of North Texas activities.

ford

Ford Motor Co. announced in August that it intends to have a fully driverless vehicle — no steering wheel, no pedals — on the road within five years. The car will initially be used for commercial ride-hailing or ride-sharing services, with sales to consumers coming later.  Ford’s approach to the autonomous car breaks from many other companies, like Mercedes-Benz and Tesla Motors, which plan to gradually add self-driving capability to traditional cars. In July, BMW announced a plan to put an autonomous vehicle with a steering wheel on the road by 2021.  Ford is taking the same approach as Alphabet Inc.’s Google, which supports moving directly to self-driving cars once the technology is perfected.

WHAT’S THE GOOD NEWS FOR SEPTEMBER 2015 IN DFW?

Apple Inc. is transforming a 38-acre wooded lot in Austin into its largest global operation outside of Silicon Valley.  Apple has pledged to create 3,600 new jobs while retaining at least 3,100 existing jobs.  If Apple reaches those hiring figures, it would make it the second-largest technology employer in Central Texas behind Dell Inc., which has about 14,000 local workers.  When Apple completes its Austin campus next year, it will boast 1.1 million square feet of space including restaurants, a gym and a wellness center.  Apple’s new campus is responsible for running the company’s business operations for the Western Hemisphere.

TransUnion, one of the three major credit reporting agencies, reports that this year 700,000 U.S. consumers will be capable of re-entering the housing market, and within the next five years, that population (called “Boomerang Buyers”) is expected to grow to 2.2 million.Between 2006 and 2014, TransUnion was able to track 180 million consumers, and in 2006, 48% (78 million) of that population had a mortgage, and 8% (7 million) of that group had trouble repaying that loan between 2006 and 2009. By December 2014, 18% (about 1.3 million) had rebuilt their credit to meet Fannie Mae underwriting guidelines, and TransUnion estimates 2.2 million of the remaining 5.7 million former homeowners will rebuild their credit to that point within the next five years.To be considered eligible to re-enter the mortgage market for this study, consumers have to have no unpaid judgments, garnishments or outstanding liens; no accounts past due; a FICO credit score of at least 620; and enough time elapsed between the negative event occurred and when they wish to re-enter the mortgage market (i.e. four years after a short sale and seven years after a foreclosure), according to TransUnion. Even among the 18% of consumers who have rebounded from the credit damage they sustained during the financial crisis, the majority (58%) have yet to re-enter the mortgage market.

Fort Worth-based Dollamur, is the largest manufacturer of wrestling, martial arts, gymnastics and cheerleading mats in the US.  Dollamur expects to ship about 6.3 million square feet of mats in 2015 to customers all over the US and sales are up 20% over 2014.  The company’s high-density vinyl mats are used at more than 5,000 high schools and colleges, as well as at U.S. Olympic trials, Ultimate Fighting Championship tournaments, and World Cup and NCAA competitions.  The company has grown from 80 employees in 2013 to over 100 full times employees in 2015, and plans to continue growing at or above 20% each year.

The Texas Comptroller’s early September report shows the pre-recession Texas employment peaked at 10,638,100 in August 2008, a level that was surpassed in November 2011, and by July 2015 Texas added an additional 1,188,400 jobs. Job growth, sales tax collections and building permits all signal that the Texas economy continues to outpace the national economy.  Over the past year, Texas added jobs in 9 of the 11 major industries, including professional and business services, trade, transportation and utilities, leisure and hospitality, education and health services, construction, government, financial activities, information, and other services. The Texas unemployment rate has been at or below the national rate for 103 consecutive months.

Developers are launching construction of the largest new real estate project yet in Dallas’ Deep Ellum neighborhood. Investor Westdale Properties and StreetLights Residential plan to build a 17-story apartment tower just south of Baylor Medical Center. Called The Case Building, the 337-unit tower at Main and Hall streets will be the first high-rise apartment in Deep Ellum. To fit into the old commercial district, the new apartment tower will be built in what the developers call an “industrial style.” Rental units will have 10-foot concrete ceilings, exposed brick walls and open metal shelving in the kitchens.