North end apartments Dallas is a great place to stay at and invest in. Dallas is continuously evolving and therefore it is a great place to invest in. With unlimited facilities and amenities Dallas provides people, it has attracted many. From enough job options to various ways to refresh the mind Dallas is always inviting people. Some characteristics to look into when you invest in the apartments-
Dallas Cowboys legend Roger Staubach remembers well his first real estate negotiation with current team owner Jerry Jones.
Jones was building what is now AT&T Stadium in Arlington, where the Cowboys play. Staubach wanted a luxury box.
Jones asked Staubach to pay up front to have the box for 20 years.
“I said, ‘Well how much would that be, Jerry?’” Staubach recalled at a recent real estate industry event. “He said, ‘How about $3.5 million?’”
“I said, ‘Well how about $3 million?’ And he said, ‘OK,’” Staubach continued. “I thought, ‘Well, why didn’t I say $2 million?’”
Staubach shared the story May 10 while inducting Jones, a trailblazer in both sports and real estate, into the North Texas Commercial Association of Realtors and Real Estate Professionals Hall of Fame.
Click through the slideshow with this story to see Commercial Real Estate Hall of Fame inductees from this year and legends inducted in the past.
Jones, founder and CEO of Blue Star Land Co. and owner, president and general manager of the Dallas Cowboys, was inducted along with Toby Grove, president of KDC; and Mickey Ashmore, current chairman of retail services Americas for CBRE and previously president/CEO and majority shareholder of UCR. Ashmore received the Michael F. McAuley Lifetime Achievement Award for community service.
KDC’s biggest project in development under Grove is CityLine, a 186-acre mixed-use project in Richardson that will build out to 5 million square feet of office space, almost 4,000 apartment units, two hotels and two parks.
KDC along with Karahan Cos. and Columbus Realty formed “Team Legacy” to develop Legacy West, a 240-acre mixed-use project in Plano. JPMorgan Chase’s corporate campus is currently under development at the project, which also includes Liberty Mutual’s regional headquarters, Toyota’s new North American Headquarters, and FedEx Office’s corporate headquarters.
Ashmore has created and taught classes on commercial real estate and is the founder of an annual scholarship contest designed to showcase the best photographic interpretations of “Retail as Art” from DFW high school students. He has also been involved with The Family Place, Genesis Women’s Shelter and CASA.
Jones’ Blue Star Land Co. has developed AT&T Stadium in Arlington and The Star in Frisco, the Dallas Cowboys’ training headquarters. Starwood, a 550-acre residential development in Frisco; Riata, a 2,000-unit multifamily community in Austin; and StarCreek, a 500-acre mixed-use development in Allen, are among other Blue Star developments.
Jones also was inducted into the Pro Football Hall of Fame in February of 2017 and completed his trek to Canton with the unveiling of his Hall of Fame bust and induction ceremony in August 2017.
Which brings us back to the story that Staubach, the Cowboys quarterback turned real estate mogul, shared at the NTCAR induction.
After settling on $3 million for the stadium box, Staubach told Jones that the price tag was more money than he’d made in 11 years playing for the Cowboys.
To which Jones replied, “Well, golly, I’m gonna frame that check,” Staubach said, eliciting laughs from the real estate crowd.
“He framed it and he’s never cashed it,” Staubach said. “And if you believe that…”
DALLAS – Dallas Police and SWAT units have the suspect of a barricaded person call from Sunday evening in custody. The standoff occurred at an apartment complex in the 5400 block of Peterson Lane in North Dallas near the Galleria Mall.
Dallas Police confirmed that no one was injured and the suspect is in their custody, but were unable to provide additional information at this time. Two armored SWAT cars had entered the complex, after which the suspect was taken out of the apartment and into custody.
Check back for more on this developing story.
Hines, a Houston-based international real estate firm, has expanded its footprint in North Texas with the acquisition of a property near DFW International Airport.
The company announced this week its purchase of the DFW East Logistics Center for an undisclosed amount. The 259,555-square-foot property encompasses three buildings on an 18-acre site adjacent to the airport, between Highways 114 and 183.
Currently, the property is just 15-percent leased to two tenants, Universal Health Services and Bisco Industries, leaving 220,000 square feet up for grabs. Stream Realty Partners is working with Hines to sign additional tenants.
“We are excited to add this property and location to the Hines logistics portfolio, which is now approaching 2 million square feet,” Hines Director Connor Tamlyn said in a prepared statement. “We look forward to significantly expanding our logistics presence in the Dallas-Fort Worth area.”
Jonathan Bryan and Randy Baird at CBRE represented the seller in Hines’ purchase.
Hines owns or is involved in 22 real estate projects across North Texas.
Health care company Envoy Partners LLC sold its 12,000-square-foot building at 7168 Envoy Court in Dallas for an undislosed amount. The buyer was 7168 Envoy partners LLC. Jason Moser with Stream Realty Parters represented the seller. Charlie Richman with JSmall Investments represented the buyer.Social services provider Metrocrest Services extended its lease at 13801 Hutton Drive in Farmers Branch, where it occupies 11,071 square feet. Luke Davis and Todd Poticny with Stream Realty represented the landlord, International Capital. Savills Studley Inc. represented the tenant.Tim Vogds with CBRE represented Mentor Texas LP in extending its 39,992-square-foot lease at 555 Airline Drive in Coppell. The landlord, GLP, was represented by Blake Kendrick with Stream Realty.
Brain Synx, a concept that offers cognitive training to children and adults, has signed a lease for 2,895 square feet at 2615 E. Southlake Blvd. in Southlake. The landlord is Zing Properties LLC. David Levinson with The Retail Connection represented the tenant.
Garland Logistics Center will be home to a Barrett Distribution Centers facility, with the Franklin, Massachusetts-based company leasing 115,041 square feet inside the development at 3800 Leon Road in Garland. Barrett offers warehousing, transportation, distribution and fulfillment solutions across the U.S. Stephen Cooper and Rick Medinis from NAI Robert Lynn represented the landlord, IDI Logistics. Joe Whitmer and Brian McKenzie at Transwestern represented the tenant.Emissions & Cooling Solutions has leased 16,800 square feet of warehouse space at 11455 Newkirk St. in Dallas. Brian Pafford, senior vice president and managing partner with Bradford, represented the landlord, ML Capital Ltd. Joe Santaularia, first vice president with Bradford Commercial Real Estate Services; Brock Wilson, senior vice president and managing partner; and Clayton Hughes, broker associate, represented the tenant.Caddo Valwood LP sold a 22,506-square-foot industrial building to CCG Valwood LP. The property sits on one acre at 1208 Tappan Circle in Carrollton. Richmond Collinsworth, first vice president with Bradford Commercial Real Estate Services, represented the buyer, while Scott Gregory of Caddo Holdings represented the seller.Boston Barricade Co. Inc., which manufactures modular construction enclosures, has leased 11,760 square feet at 1410-1416 Dunn Drive in Carrollton. Lee & Associates LLC represented the tenant. Eric Crutchfield with Stream Realty represented the landlord, Hutton & Dunn Investors LLC. Fleet services company Black Horse Carriers Inc. leased 63,911 square feet at Park West Crossing, 501 Southwestern Blvd. in Coppell, from MLRP Park West Crossing F LLC. Jeremy Kelly and Ryan Boozer with Stream Realty represented the landlord, while Bryan Graham with BLG Commercial RE represented the tenant.
McKinney Square Properties No. 1 Ltd. sold 1.44 acres at 2905 Thomas Ave. in Dallas to Peter Emish. Collinsworth represented the buyer, while Michael Turner of J. Elmer Turner Realtors Inc. represented the seller.
Largest North Texas Commercial Real Estate Brokerages
Ranked by Total # of Local, Licensed Agents
Rank Company Total # of Local, Licensed Agents 1 CBRE 280 2 JLL 197 3 Cushman & Wakefield 101 View This List
Metroplex Foundation Repair is offering a special discount of $1,000 on all foundation repairs in the Dallas area for a limited time.
The foundation of a home that supports the entire weight of the structure above it often becomes subject to issues that can be disastrous for homeowners. Most homes across North Texas experience a combination of foundation issues due to environmental and structural influences that could lead to extensive damage in the long run.
Before the 1960s homes were built on cedar post piers that extended only a few inches into the ground and had a very little surface area to support the foundation of the house. Over time the surface area below the posts erodes, causing the foundation to lose its integrity and the ability to support the weight of the home.
A supervisor for Metroplex Foundation Repair, who regularly inspects up to 15 houses with foundation issues each week, says the major cause of foundation issues is the shifting clay in Texas soil that leaves hundreds of homes with damaged foundations. The first signs of damaged foundations are cracks in walls, ceilings and floors, sagging roofs and chimneys, and windows and doors that become sticky and difficult to open and close.
Other issues that can cause foundation issues over the long run are poor drainage, old rusted iron plumbing, overgrown landscaping, trees planted too close to the foundations of the home with no root barrier.
Proper drainage forms a vital part of foundation drainage. A positive slope allows excess water to flow away from the foundation, and gutters, downspouts and gently sloping soil guide excess water flow away from the home that helps avoid erosion and moisture problems from occurring.
Downspout extensions, plash-blocks, and underground piping are all methods recommended by Multiplex Foundation Repair to keep foundations dry and strong.
Another common cause of foundation problems is tree roots that lift the foundations of a home when they become overgrown. Root barriers act as underground blocks that prevent roots from penetrating the foundations by discouraging them from growing horizontally.
Excess water that accumulates under the foundation of a home can disturb the balance of the slab. Plumbing leaks and sewage leaks are the worst culprits as they can cause the soil to expand that places enormous pressure on the foundation. With these issues, excavation and sump pump drainage will have to be performed before the foundation can be repaired.
For any foundation issues call Dallas Foundation Repair for a free consultation to assess the extent of the damage and offer cost-effective recommendations for repairs.
For a limited period Metroplex Foundation Repair offers a generous special discount offer that makes it easy to protect home in the Texas area.
For any issues to do with foundations and further information on how to tackle foundations issues in the Dallas area visit their website at: http://metroplexfoundationrepair.com/
Company Name: Metroplex Foundation Repair
Contact Person: William Rogers
Email: Send Email
Address:6060 N. Central Expressway Suite 500
State: TX 75205
Country: United States
DALLAS, TX — Friday will bring it a chance of severe storms east of I-35 in the Dallas-Fort Worth Metroplex.
The National Weather Service warns a dryline moving west-to-east will create storms capable of producing large hail and damaging winds. Tornado threats remain low, but some isolated cells could occur east of the metroplex.
West of the dryline, fire dangers will be critical as warm, dry and windy conditions move through the area.
Patch will bring you further weather updates as they develop.
Image via National Weather Service
Lead image via Shutterstock
Unlike most states, Texas essentially gives state legislators veto power over affordable housing in their districts. Now that law is being used to derail low-income senior housing.
State Representatives Lyle Larson (left) and Leighton Schubert
Long before Joan Hawn moved to Oak Bluff Village in Columbus, a Colorado River town about halfway between Houston and Austin, she knew it was the place for her when she got older. Now, at 72, she doesn’t know where else she could live.
Her apartment at the independent-living facility is adapted for the scooter that she needs as a result of childhood polio. And rents at other apartments in Columbus “are outrageous,” Hawn said.
But the almost 30-year-old complex is showing its own age. The door at the community center won’t open or close properly. The grass in the once-beautiful lawn is gone because of a broken sprinkler system. Problems with the plumbing and air conditioning systems are becoming more frequent.
The community center of Oak Bluff Village in Columbus.
In January, National Church Residences (NCR), the Ohio-based nonprofit that owns Oak Bluff and other homes for low-income seniors around the country, was preparing to apply for a grant through a federal program that uses tax credits to encourage development of affordable housing. The $2 million grant, which had enthusiastic support from city and county officials, would have paid for critical repairs and update accessibility at the complex, which houses “some of the most vulnerable and economically challenged … seniors in the community,” said Tracey Fine, a senior project leader for NCR.
The group had already filed a pre-application with the Texas Department of Housing and Community Affairs (TDHCA). “We had a very high likelihood of getting the award,” she said.
But that was before NCR ran afoul of state Representative Leighton Schubert.
A 2001 state law gives individual legislators a virtual veto over low-income housing. It has essentially redlined entire legislative districts as off-limits to poor families, mostly black and brown folks, and drawn the scrutiny of federal courts and housing officials. And now that veto is also being applied to proposals for senior housing. In recent months, Republican legislators have derailed two NCR proposals in Texas. Oak Bluff was the first. The second was a new senior development in suburban San Antonio.
“I’m not sure what the impetus is behind this newly found fear of low-income elderly people.”
Under the 2001 law, members of the Texas House can award positive points to housing applications they support or negative points to those they oppose. They can even kill projects by doing nothing. Very few projects are approved without the active support of the area’s state representative — a major problem for state and local housing officials, who are under pressure from the courts, federal agencies and civil rights advocates to build low-income units in middle-class and affluent neighborhoods rather than just concentrating them in poor areas. But until recently, senior housing has faced much less opposition than family units. Compared to family housing, senior developments were so easy to get through the process that in some Texas cities, limits were placed on how many grants could go to projects for the elderly.
“I’m not sure what the impetus is behind this newly found fear of low-income elderly people,” said Charlie Duncan, research director for Texas Housers, an affordable housing nonprofit based in Austin. These days it’s even harder to pin down the reasons for opposition: In many cases, he said, developers realize that legislators hold all the cards, so they often “don’t submit full applications anymore” unless they can get support from legislators.
And when constituents object to a project, they often do so without showing up at a public meeting or writing a letter.
National Church Residences in Texas.
That’s the trouble that NCR encountered. As soon as NCR officials learned that Schubert wouldn’t support the Columbus proposal and that state Representative Lyle Larson was opposing the one in San Antonio, they put the brakes on.
Preparing a full application for tax-credit funding can cost $20,000 to $50,000. Without the letters, “It is not even worth submitting,” Fine said.
“I know that much of the opposition is happening behind closed doors and through verbal communication — not on the record,” Duncan said. “One of the bigger problems that seems to be brewing is that councils and commissions won’t allow a resolution of support to make it to their agendas, letting them die by the sands of time rather than taking an official position.”
If there was any opposition from Columbus residents to the funding for Oak Bluff Village, neither NCR nor city or county officials heard about it. Nonetheless, Schubert, who wasn’t running for re-election, declined to support the proposal to fix up the 39-unit complex. He didn’t actively oppose the subsidy; he didn’t have to. Simply remaining neutral doomed the project by denying the application the positive points that it needed.
Colorado County Judge Ty Prause said Schubert wouldn’t give a reason for his silence, but did insist that the project would get along fine without his involvement.
“I thought it would only take a phone call,” Prause said. “I did that. He flat told me that he had quit and the office was closed and he wouldn’t do anything.”
Oak Bluff, Prause said, is a tremendous asset to Columbus. “We are a small rural county, 22,600 people at last census. There aren’t any services” for the elderly such as an urban county might offer, he said. “It would just be tragic if it closed down due to this.”
Prause said the two Republican candidates vying for Schubert’s seat have both “given their assurance that they would support the grant” if Oak Bluff re-applies in the next round of funding.
In San Antonio, Larson did put his objections into writing. The legislator’s February 7 letter to TDHCA, which administers the tax-credit housing program, says that he had been contacted by several nearby homeowners concerned about traffic and “land use challenges.” He also pointed out that several hundred apartments are under construction in the area, “seeming to indicate that government support should not be needed for such a development.”
Fine said that not a single homeowner or homeowner group in San Antonio responded to NCR’s offers to discuss concerns, and the City Council had registered support for the project. And while there may be plenty of market-rate apartments going up in the affluent neighborhood, “there are no affordable units in this area and no senior units in the vicinity,” she said.
Larson didn’t return calls seeking comment for this story.
During the 2017 legislative session, various proposals to abolish or change the legislative point system failed to pass. Many other states, however, have reduced or removed the power of individual legislators to veto affordable housing developments, Fine said.
Texas is “increasingly isolated” in giving legislators so much power, Duncan said. He’s looked at the rules in about two-thirds of the states, he said, and none had the requirements for local political support that Texas does.
Many other states have reduced or removed the power of individual legislators to veto affordable housing developments.
In December, the National Council of State Housing Agencies issued a recommendation that housing agencies not allow local officeholders to veto tax-credit housing proposals. Another group, the Texas Affiliation of Affordable Housing Partners, noted that Texas has drawn criticism from both the IRS, which has a key role in the tax-credit housing process, and the U.S. Department of Housing and Urban Development, for, in effect, requiring local political approval of proposed developments.
Other states give points to projects that have “community buy-in,” but not to the point of allowing that to be a make-or-break requirement, said Michelle Norris, NCR’s executive vice president.
“I can tell you for a fact that Texas is pretty unique” on that score, she said.
Freelance journalist Gayle Reaves is a former editor of Fort Worth Weekly. She won a Pulitzer Prize in international reporting in 1994 as part of a Dallas Morning News team. She lives in Fort Worth and teaches journalism at the University of North Texas.
MCKINNEY, TX — Saturday morning, protesters across the United States will take to the streets to demand political action on gun violence. Among those protesters will be a contingent of North Texans, meeting up in four cities to make their voices heard.
Starting at 10 a.m. Saturday, we will bring you a live look at a march in the Dallas suburb of McKinney. Watch the live stream below:
Other marchers will also be protesting in Dallas, Denton and Fort Worth. Click the links below to see how you can get involved.
March For Our Lives – Dallas
Dallas City Hall: 1500 Marilla St, Dallas, TX 75201
Follow McKinney-Frisco and Dallas Patches on Facebook to get the latest on March For Our Lives events.
(Photo by Alex Wong/Getty Images)
Three of the top 10 healthiest counties in the state are right here in North Texas, according to a new report.
Denton County and Collin County are ranked among the most healthy counties in Texas, The Robert Wood Johnson Foundation’s study says.
Following closely behind is Rockwall County.
Denton ranked No. 1 in health outcomes while Collin County ranked No. 1 in health factors. Continue reading “2 North Texas Counties Among the State’s Healthiest: Study”
Dallas stands a decent chance of making the cut for landing Amazon.com Inc.’s second headquarters, according to a new survey from real estate data firm Zillow.
Zillow said it asked more than 100 housing and economics experts, who said they expect Amazon to choose either Northern Virginia or Atlanta for its new headquarters. Austin and Denver were also commonly cited as strong contenders.
Dallas took a likelihood ranking of 4 on Zillow’s ranking. Though average rents in the city are lower than many of the HQ2 contenders ranked above it, the Big D had a lower home value index and median household income than most of the cities Zillow ranked higher. Continue reading “Real estate data firm Zillow says Dallas has decent chance of landing Amazon’s HQ2 – Dallas Business Journal”
Dallas, TX, Feb. 21, 2018 (GLOBE NEWSWIRE) — Associa Principal Management Group of North Texas (PMG) has opened a new office in the Dallas Fort Worth (DFW) area. Continue reading “Associa Principal Management Group of North Texas Announces New Office Location”