Author: harrisondfw

United® Real Estate today announced the merger of United Real Estate | Dallas with REAL Dallas Properties & Management, adding 70 agents to United’s Dallas operation and expanding its North Texas presence to more than 800 agents. The move will transition REAL Dallas Properties from a commission-split model to a transaction-fee model that allows agents to retain 100% of the total commission earned on each transaction, according to the company, which United says will put agents in the best position to negotiate competitive client commissions and win more business.According to the announcement, the merger will give Real Dallas Properties agents…

Work on the redevelopment of Tom Thumb at Redbird Mall is expected to begin in the coming months. Dallas — Read this article and more North Texas business news from our partners at Dallas Business Journal. Construction on a 50,000-square-foot Tom Thumb grocery store that will be built as part of the Redbird Mall redevelopment plan is scheduled to begin in September. Construction on the store is estimated to cost about $7.75 million and is scheduled for completion in November 2025. Tom Thumb, located at the southeast corner of Camp Wisdom and Westmoreland streets, is expected to create at least…

Bennett is moving ahead with plans he revealed in April to take the company private to avoid the costs of going public, a move that would save the company an estimated $2.5 million a year. Dallas — This article was originally published by WFAA’s content partner, the Dallas Business Journal. Read the original article here. Ashford Cos., the hospitality real estate asset management company run by Dallas businessman Monty Bennett, has ceased operating as a publicly traded company. Shareholders of the Dallas-based company voted July 22 to terminate the registration of its common stock and delist it from the New…

Defense giant Lockheed Martin leased 136,165 square feet in the building in January, primarily for storage. Fan maker Big Ass Fans also has space in the building. FORT WORTH, Texas — Editor’s note: The video at the top of this story aired on January 18, 2024. The following article was originally published by WFAA’s content partner, the Dallas Business Journal. Read the original article here. A three-building industrial park on more than 30 acres in northwest Fort Worth has changed hands. Dallas-based Creation Equity and institutional investors advised by JPMorgan Asset Management have sold the 531,601-square-foot industrial park known as…

Dan Tarantine Dallas-based American Restoration was acquired by investment funds managed by Morgan Stanley Capital Partners (MSCP), Morgan Stanley Investment Management’s middle-market focused private equity team. American Restoration is a company that provides damage mitigation and restoration services for residential and commercial properties. MSCP said it will partner with the current management team, led by CEO Dan Tarantin, who will continue to lead the business. Terms of the transaction were not disclosed. “I couldn’t be more excited to partner with MSCP for the next chapter of our company’s growth and evolution,” Tarantine said in a statement. “I look forward to…

Dallas has filed a bid to host the 2024 Olympics, which kicks off this week in Paris. Here’s a look at what it would be like to host the games in North Texas. DALLAS — The Summer Olympics kick off in Paris, France, on Friday, with athletes from around the world rowing down the Seine River in a spectacular opening ceremony featuring the Eiffel Tower. Think about it, a similar scene was seen in Dallas. Well, maybe not the Seine and Eiffel Tower part. But Dallas did Dallas, which was in the running to host the 2024 Olympics, has also…

The Irving-based Pizza Hut franchise operator of more than 130 restaurants filed for bankruptcy this week. IRVING, Texas — Read this article and other North Texas business news from Dallas Business Journal’s content partners: The Irving-based franchise operator of more than 130 Pizza Hut locations filed for bankruptcy this week, presenting a new challenge for the Plano-based restaurant chain. Franchisee EYM Pizza LP filed for Chapter 11 bankruptcy protection in the Eastern District of Texas on July 22. The filing lists creditors including Manufacturers Bank, a state-chartered commercial bank based in Los Angeles, and Pizza Hut LLC. EYM Pizza owes…

The lobby of Verily’s new Dallas headquarters. [Photo: Verily] Alphabet-owned health tech company Verily announced Wednesday it will relocate its headquarters to Dallas-Fort Worth, a decision that elevates its existing regional office in Dallas’ Cypress Waters development, which opened three years ago, to the company’s primary base of operations. After months of consideration, Dallas-Fort Worth emerged as the front-runner among several possible locations after Verily was looking to expand south of San Francisco, and then-Chief Operating Officer Stephen Gillette said he wanted to evaluate all options. “I said, let’s look at Boston, Dallas, Raleigh-Durham,” said Gillette, who now serves as…

Reed Smith partner moves to Egan Nelson in Dallas | Texas Lawyer Page printed from: https://www.law.com/texaslawyer/2024/07/25/reed-smith-partner-moves-to-egan-nelson-in-dallas/ Mark Johansen of Reed Smith. Photo courtesy of news Dallas litigation lawyer Mark Johansen has left Reed Smith LLP to join mid-size firm Egan Nelson LLP as a commercial litigation partner and help build out the firm’s litigation team. July 25, 2024 4:01 PM 3 min read X thank you for sharing! The article was successfully shared with the specified contacts. What you need to know Reed Smith litigation partner Mark Johansen has joined Egan Nelson as a commercial litigation partner in Dallas. Johansen…

For more than two years, Dallas officials have been working with Deep Ellum businesses and local residents to address safety concerns and high noise levels, especially late at night.Those recommendations will be discussed at a public hearing approved by the city Planning Commission on Thursday. It could be months before the hearing is on the commission’s agenda.At the center of the plan is a plan to rezone the 274-acre area and require restaurants and bars to get specific use permits to operate after midnight. The rezoning could also add noise restrictions to better meet the needs of an entertainment district…