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The newness of Uptown saves it from many of the redevelopment challenges of other older neighborhoods with functionally obsolete buildings, which makes it attractive to capital investors. As the submarket evolves, landlords are increasingly pumping capital, amenities and ground-floor retail and restaurants into existing properties, giving a glimpse into the future of the young submarket. 
“Uptown's success has been organic, so there has not been one singular driving force to credit,” Quadrant Investment Properties founder Chad Cook said. The walkable nature of the submarket was created authentically and without a lot of city and government…
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Houston-To-Dallas High-Speed Rail Delayed Again, Texas Central Drops All Lawsuits
Once again, the Houston to Dallas high-speed rail project from Texas Central Partners has pushed back its expected date of operation. Texas Central Partners project coordinator Marvalette Hunter told the audience at a Commercial Real Estate Women luncheon that the trains…
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More Details On Capital Upgrades To Park Central 3 And 4
Pennsylvania-based McKnight Realty Partners has secured $58.6M in refinancing for Park Central 3 and 4 in the Park Central submarket of Dallas. Millions of the total funding will go toward lobby renovations, exterior upgrades and revamping amenities, McKnight director of…
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H-E-B Sells Off McKinney And Grapevine Locations From Sun Fresh Package
To the dismay of H-E-B fanatics in McKinney and Grapevine, the San Antonio-based grocery giant has sold its locations at Hardin Boulevard and El Dorado Parkway in McKinney and at State Highway 121 and Hall Johnson Road in Grapevine to Safeway. …
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The 'Unintended Consequence' Of Dodd-Frank And The Impact Of Trump's Deregulation Plans On CRE LendingPresident Donald Trump has called for a reworking of the 2010 Dodd-Frank Act, which could significantly change the residential mortgage market. But thanks to rapid adaptation in the commercial real estate world, there may be little impact on the capital available for commercial projects. Though there has been some tightening from banks since the financial crisis — which was exacerbated last year as new risk retention rules took effect, requiring lenders to keep more capital on the books — debt, foreign investment and rising interest from institutional investors have kept a flood of funding in the market. |
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Multifamily Supply To Come Online This Year Expected To Be The Largest In This CycleThe general consensus surrounding this year's multifamily outlook remains consistent — the sector will experience some softening due to the amount of new supply set to deliver this year. Yardi Matrix experts project 320,000 new units coming online in 2017, the most to hit during this cycle. Most of this supply falls within a handful of the sector's largest metros and all of these new apartments are on the high end of the spectrum, Yardi researcher Paul Fiorilla said. |
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