This Week's Dallas-Fort Worth Deal Sheet
Colleyville-based Urban Air Adventure Park is breaking ground on a 31K SF facility at Summer Creek Station, a 26-acre retail development in south Fort Worth at the southeast corner of Sycamore School Road and Chisholm Trail Parkway/Highway 121.
The indoor park, which will open this fall, will be an entertainment anchor for Summer Creek Station and serve as a prototype for the company's future expansion across the country. Transwestern Retail Managing Director Steve Williamson and Senior Vice Presidents…
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Top stories on Bisnow.com
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3 Ways CRE Companies Are Taking Cybersecurity Into Their Own Hands
Last month, Facebook CEO Mark Zuckerberg traveled from his home in Palo Alto, California, to Washington, D.C. The 34-year-old entrepreneur's journey across the country was prompted by the Cambridge Analytica data scandal, where data from millions of Facebook users was…
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Developers Are Pouring More Money Into Sprucing Up Airport Hotels
For decades, airport hotels were much like airports themselves: functional and convenient, but not always the classiest places to stay.
For the past few years, that has been changing as more airports are placing luxury hotels within their borders to capitalize on that convenience and generate Class-A revenue. A big driver of this trend is the resilience of demand at airport hotels of all kinds, not just Class-A product, according to an STR study as reported by the Wall Street Journal.
Hotels within a shuttle trip of airports were 73.7% occupied in 2017, seven points better than the overall average, according to STR. For hotels within walking distance of a terminal, occupancy sat at 80%, with room rates averaging $50 per…
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Architects See Housing Crisis Solutions In Design Innovations
The Bay Area's housing crisis is presenting multifamily and affordable housing designers with new challenges: how to create more density through design without significant community opposition. NIMBYs tired of fast growth, traffic congestion and bulky buildings are becoming increasingly resistant to high-density housing that is greatly needed to solve the region's housing crisis.
The need for affordable housing is a growing concern in cities around the nation, particularly for those where the cost of living is high, which is particularly true in the Bay Area. San Francisco's rents have risen 48.6% since 2010 and rank second only to New York City. In San Jose, rents rose 52.4% in the same time period.
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PropTech's Biggest Fund Manager Is Targeting Retail
Fifth Wall Ventures has raised $60M for a new PropTech fund and has a target of $200M for its new venture, which appears to be focused on retail.According to a Securities and Exchange Commission filing, the fund manager has raised…
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Beyond The Bio: 16 Questions With Ten-X Commercial General Manager Steve Jacobs
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Commercial real estate is embracing the potential of technology to support and transform the industry, and Ten-X is but one of the platforms helping power the $2 trillion machine. Steve Jacobs joined online transaction marketplace Ten-X, which aims to help investors close more deals faster, in 2016 before being promoted to general manager of the company's commercial division in March 2017. An industry vet who served as managing director at CWCapital prior to joining Ten-X, Jacobs has helped scale the company's platform into a national tool for investment sales brokers, buyers and sellers to streamline transactions and accelerate close rates. Ten-X's commercial and residential platform has been used to transact more than $53B since its inception. The company was acquired by private equity firm Thomas H. Lee Partners in late 2017 for roughly $1.6B.
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