Author: harrisondfw
Some in attendance believed the legalization of casino gambling was inevitable and that DFW state needed to prepare. Dallas — This article was originally published by content partners of the Dallas Business Journal. Read the original article here. As the casino legalization movement gathers momentum ahead of the 2025 legislative session, the North Texas Commission is forming a committee of business and community leaders to study issues related to resorts and casino gambling. The “study committee” would look at the impacts of gambling in tourist destinations and make recommendations on issues such as economic development, workforce demand, infrastructure requirements, transportation…
Verily plans to double its employee headcount at its new Dallas headquarters. Dallas — read This story and more North Texas business news From our partners at the Dallas Business Journal. The San Francisco-based life sciences company announced it would relocate its headquarters to Dallas after establishing a presence in North Texas about three years ago. Verily Life Sciences LLC, the research division of Alphabet Inc. and a subsidiary of Google parent company (Nasdaq: GOOGL), announced on July 24 that it will relocate its headquarters to Dallas by the end of the third quarter. Verily plans to expand the space…
After more than 20 years working on Wall Street, brothers Ben and Luke Drums chose to start a new investment firm in their hometown of Dallas.Focused on real assets, specialty finance and structured credit, D2 Asset Management will launch with more than $1 billion in assets under management.The premise behind D2 (the name was inspired by the fact that the two share the same surname) is to invest in businesses or assets, such as operating companies that own assets or asset portfolios, through the lens of credit. D2’s primary strategy is to invest in debt by making loans.Related:CBRE economist: ‘Doom…
After more than 20 years working on Wall Street, brothers Ben and Luke Drums chose to start a new investment firm in their hometown of Dallas.Focused on real assets, specialty finance and structured credit, D2 Asset Management will launch with more than $1 billion in assets under management.The premise behind D2 (a name derived from two companies with the same surname) is to invest in businesses and assets, such as operating companies that own assets or portfolios of assets, through the lens of credit. D2’s primary strategy is to invest in debt by making loans.Related:CBRE economist: ‘Doom loop not happening’Ben…
Former MLB player and Irving native Blake Bevan will open a new youth sports facility in North Texas. ROANOKE, Texas — This article was originally published by content partners of the Dallas Business Journal. Read the original article here. A 122-acre youth sports complex is set to be built in Roanoke as family entertainment becomes popular in the Metroplex. The city of Roanoke announced on social media on July 19 that Play It Forward plans to bring a sports and entertainment venue to the Denton County city, which has a population of about 10,000. According to the developers, work on…
A new data study by USA TODAY Blueprint ranks Dallas as one of the four best U.S. cities for entrepreneurs to start a business. The study found that a record 5.5 million new business applications will be submitted in the U.S. in 2023, but 18% of startups will fail within the first year, giving choosing a top location like Dallas a crucial advantage. Blueprint analyzed eight data points from the 46 most populous U.S. cities, including the number of new businesses started, business closure rates, GDP growth and the percentage of households with self-employment income, to compile its ranking of…
The chain’s financial difficulties have led to restaurant closures across the country, including two in Dallas. Dallas — read This story and more North Texas business news From our partners at the Dallas Business Journal. Red Lobster Management LLC filed “successful bidder” papers on July 22 in the U.S. Bankruptcy Court for the Middle District of Florida in Orlando. The Florida-based seafood chain’s new owner is RL Purchaser LLC, a stalking horse bidder made up of Red Lobster’s lenders, which proposed a bid of $376 million. If the restaurant company’s July 19 reorganization plan is finalized, the transaction would include…
LDG Development is planning two new multifamily communities in Dallas.The Louisville-based affordable housing developer plans to build hundreds of units in the city with a project along Sutherland Avenue and another at 1200 N. Walton Walker Boulevard.The building on Southland Avenue, called Legacy on Keast, will include 180 affordable housing units with an estimated construction cost of $55 million, according to filings with the Texas Department of Licensing and Regulation.Related:Dallas firm Savoy Equity Partners plans affordable development in the Cedars DistrictThe Cedar Crest Community project will include 36 one-bedroom units, 84 two-bedroom units and 60 three-bedroom units, all slated to…
This summer has not only brought heat, but also a new wave of COVID-19 infections across Tarrant County. Dr. Razak Badamoshi, chief quality officer for the JPS Health Network, said an increase in COVID-19 cases was expected in Tarrant County over the summer, and did occur. As of July 13, only 2.69% of recorded emergency department visits in Tarrant County were related to COVID-19. But that rate is more than double what it was in early June, when COVID-19 made up 1.03% of emergency department visits, according to Tarrant County Public Health. “We’ve actually seen an increase in cases this…
Richardson, Texas — read This story and more North Texas business news From our partners at the Dallas Business Journal. A landmark 200,000-plus square-foot shopping center in Richardson has sold for $40.5 million. Oklahoma City-based JAH Realty LP, through affiliate JAHCO Richardson Heights LLC, purchased the property anchored by an Alamo Drafthouse and TJ Maxx at the southwest corner of Beltline Road and U.S. 75, according to a JAH news release. Houston-based Silver Star Properties REIT Inc. sold the shopping center as part of a broader effort to dispose of legacy assets as it shifts its strategy toward self-storage and…