This Week's Dallas-Fort Worth Deal Sheet
The Statler was inducted as the 300th hotel of the Historic Hotels of America. The redesign of the Statler, perhaps the most talked about of the redeveloped hotels in Dallas, was headed by Merriman Anderson/Architects.
The redesign was completed last year, and it now encompasses 33K SF with 159 rooms, 219 residences and five retail/restaurant spaces.
“We are proud to help restore this historic and iconic hotel for the residents and visitors of Dallas and…
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Building Alert: New Multifamily Property In Fort Worth
Permits for a new multifamily community have been filed for the site at 1001 West Rosedale St. in Fort Worth. The permit lists the project as “Oleander II.” Oleander Walk Apartments is a Lang Partners development that was slated to…
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Aggressive Rate Hikes Could Cause REIT Shares To Plummet
As markets await the Federal Reserve's decision regarding future interest rate moves this week, REITs are poised for a potential drop in share price should the Fed boost short-term rates as expected.
The Federal Open Market Committee will meet Tuesday and Wednesday to discuss economic trends, the tight labor market and whether fiscal stimulus will force regulators to raise rates at a faster clip than initially forecast. The Fed is expected to raise short-term rates by…
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Meet The $3B Tech Startup Shaking Up Construction And Development
“Construction has to be the only industry that gets worse every year — costs go up and it gets less efficient.”
Katerra Head of Materials Trevor Schick is outlining the quandary the $3B startup is trying to solve. It has the potential to shake up the industry and make life quicker, easier and cheaper for developers.
The company was founded in 2015, but in January this year it raised $865M in a Series D funding round where the investors included tech giant SoftBank, giving it that $3B valuation.
Bisnow can reveal that Katerra has also signed up a trio of significant U.S. developers as its first external customers: UDR, Sobrato and Legacy Partners. Until now its principal client has been Wolff Co., the multifamily development company of co-founder Fritz Wolff. It is also looking to move beyond the multifamily sector into other areas of commercial real estate.
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Beyond The Bio: 16 Questions With VTS Chief Financial Officer Michelle McComb
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Leasing and asset management platform VTS, previously known as View The Space, hired Michelle McComb last April as chief financial officer to help scale the business following its $300M merger with competitor Hightower in November 2016. McComb has overseen the financial and operational performance of several high-profile companies, including Datto, Bloomberg's Financial Products division, UBS Investment Bank and Lucent Technologies.
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