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Younan Properties, once a sizable landlord in Dallas, just put its last holding in the city up for sale. But it is not exiting the market, CEO Zaya Younan said. 
The 410K SF Lakeside Square near 75 and Forest Lane is the last office tower Younan Properties owns in Dallas. HFF will broker the sale, which was first reported by the Dallas Morning News. The company has been in the process of…
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Amazon Wants Cities To Compete For Its New $5B North American HeadquartersE-commerce king Amazon.com Inc. has opened its search for a North American site to build a second $5B headquarters, where it will employ an additional 50,000 high-paid employees. 
The tech giant has issued a request for proposals and is soliciting bids from state governments and local officials interested in bringing the new campus to their community. The RFP mentions that incentives offered by bidders will be “significant factors” in…
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Meet The Two Guys With $25B To Spend On Real Estate In The U.S. And Europe
Norges Bank Investment Management, the body which manages Norway's $988B sovereign wealth fund, has just appointed real estate chief investment officers for the U.S. and Europe. They have a mission to spend $25B in the two regions combined. Per Løken…
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This Report Says Retail Jobs Will Disappear Entirely To Automation. Here's The Effect On Real Estate.Human employment in the retail sector could disappear entirely. That is the startling assertion made by Oxford University academic Carl Benedikt Frey and Citigroup last week in a 114-page report. Frey came to prominence in 2013 when he predicted that 47% of all current global employment was susceptible to automation. The current report, Technology At Work 3.0, goes even further for the retail sector. Here is what you need to know about the predictions for employment, which have big implications for real estate. |
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U.S. House Approves Harvey Aid, But Will Texas Do The Same?
On Wednesday, in a 419-3 vote, the U.S. House of Representatives passed a $7.9B Harvey aid package, sending it to the Senate for approval before it can be presented to President Donald Trump for his final signature. "Help is on the…
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Companies Are Paying $33M More A Year To Be Close To Tech TalentWhen it comes to the search for young tech talent, companies are not sparing any expense. Some employers are even paying a $33M annual premium to be in the country's top tech city over a burgeoning market. "Since the cost of talent is the largest expense for most firms, the quality of that tech talent is becoming one of their most important considerations," CBRE Director of Research and Analysis in the San Francisco Bay Area Colin Yasukochi said in a statement. Employers are flocking to some of the most expensive real estate markets in the country in pursuit of young professionals, spending multimillions annually on real estate costs and employee wages. These tech markets overwhelmingly possess three key factors: strong higher education attainment, robust job creation and a large millennial presence. |
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