Author: harrisondfw

One of the largest showroom campuses in Dallas' Design District has been sold.Oak Lawn Design Plaza (1444 Oak Lawn Avenue) has seven single-story buildings. Built in 1970, the complex spans over nine acres and totals approximately 160,000 square feet.The buildings were purchased by Asana Partners, the North Carolina-based investor's second recent acquisition. The Oak Lawn and Dragon Street properties are home to a variety of design firms and other businesses.The new owners plan to reposition the campus as a “sophisticated retail destination with a well-crafted product mix.”Read more D-FW real estate newsHunt Realty: Elevated high-speed rail could derail $5 billion…

On Tuesday, the National Association of Realtors and several real estate companies were ordered to pay $1.8 billion in damages after a federal jury in Missouri ruled that they conspired to artificially inflate brokerage fees.In addition to the Realtors Association, defendants in the lawsuit include Keller Williams, Berkshire Hathaway HomeServices of America, and two of its subsidiaries. The ruling, handed down after a two-week trial in federal court in Kansas City, could revolutionize the way Americans buy homes. It also comes at a time when the U.S. real estate market is stalling, with mortgage rates approaching 8% and existing home…

AUSTIN — Texas had the best business climate of any state last year, marking the first time in more than a decade that the Lone Star State ranked No. 1 in the annual tally. Site selectiona magazine covering corporate relocation.Gov. Greg Abbott said Wednesday at a news conference outside the governor's mansion that the location rankings highlight Texas' pro-business policies and the efforts of state and local economic development officials.”Texas is the economic pillar of the United States,” the three-term Republican governor said.He checked statistics on Texas job creation, exports and Fortune 500 company headquarters, and blocked a $17.6 billion…

Outside cybersecurity experts helped prevent Dallas County government from encrypting its files and systems following a recent cyberattack, the city announced this week. The ransomware attack detected by the county on Oct. 19 is the first ransomware attack on Dallas city government in May, which disrupted several city services and compromised the personal information of more than 30,000 residents. , the second outbreak in North Texas in just five months. Upon detecting a cyber incident, Dallas County hired private sector cybersecurity experts to assist in efforts to contain the threat and investigate the attack, according to the latest cybersecurity notification…

Massive economic investment and population growth were critical highlights of Dallas' success last year, but it wasn't enough to keep it among the world's top 50 best cities, according to a new authoritative report.The annual 'World's Best Cities' report, compiled by Resonance Consultancy, a Canadian-based real estate and tourism marketing advisor, explores the location, reputation and competitive identity of the world's major cities with urban populations of 1 million or more. It quantifies the relative characteristics ofDallas ranked 73rd in 2024, down from 47th in the 2023 rankings.London remains at the top in 2024, followed by Paris (2nd), New York…

(TNS) — Dallas County announced Tuesday that an attempt to hack into the county's computer systems earlier this month was thwarted and officials continue to investigate the incident.The county announced on its website that IT staff had disrupted the attempt to steal data and “effectively prevented encryption of files and systems.”“At this time, there is no evidence of continued threat actor activity within our environment,” the county statement said. “Given these actions and the findings of our investigation, the incident has been successfully contained at this time and Dallas County's system appears to be safe for use.”The statement also said:…

A state farm insurance-based commercial campus outside Dallas has been sold to the former owner of the Phoenix Suns in what was touted as the most expensive suburban office deal in the nation this year.The 2.2 million square foot campus in Richardson, Texas, called CityLine, consists of four office buildings leased by State Farm Insurance. 1150 State Street, 1201 State Street, 1251 State Street and 1415 State Streetwhich includes 120,000 square feet of ground floor retail space and an approximately 42,000 square foot medical office building. 3661 N. Plano Road. The CityLine portfolio was sold to 3Edgewood Real Estate. Paradise…

DFW Economy Dashboard (September 2023) Employment growth (annualized)June to September '23 Unemployment rate average hourly wage Year-over-year growth rate of average hourly wage 5.6% 3.8% $34.19 2.8% The Dallas-Fort Worth economy gained momentum in September. Payroll growth accelerated, unemployment fell, and retail sales tax collections increased. Demand for office space remained weak in the third quarter, but industrial leasing remained active. employment Employment growth accelerates DFW added 28,000 jobs in September, up from 12,000 jobs in August. His DFW employment in the third quarter increased at an annualized rate of 5.6 percent, an acceleration from his 4.0 percent increase in…

Grace Carey/Moment RF/Getty Images The National Association of Realtors and some housing brokers were found to be liable for about $1.8 billion in a conspiracy to keep commissions artificially high. Washington, DC (CNN) — A Missouri jury on Tuesday awarded nearly $1.8 billion in damages after finding that the real estate industry's trade group, the National Association of Realtors, and some home brokers conspired to keep home sales commissions artificially high. It was ruled that he was responsible. The lawsuit covers home sales that took place between April 2015 and June 2022. “We see this as a tremendous day of…

Here's a short list of fun things to do on a chilly Halloween night in North Texas. Whatever you do, plan to stick together and watch out for ghouls and goblins. Please check the event website for schedule changes and other updates. You can find more events at Go See DFW.Related:Halloween haunted attractions in Dallas-Fort Worth offer scares and festivitiesTrick-or-treating on the streets of downtown DallasTrick-or-treating on the streets of downtownfree Dress up in your scariest or most ridiculous costume and enjoy a night of Halloween adventures. Check in at Main Street Garden to get a map of downtown candy…