Downtown Dallas Wakes From Sleepy Past
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Downtown Dallas was the slow point in this Texas cities real estate market. The activity was in the suburbs or in the central business district. Now the activity is in the downtown region and properties are changing hands quickly as the land rush is on.
The activity is not amongst the institutional investors like the major banks and pension funds, but the entreprenuers. Presently downtown Dallas has a low occupancy rate and depressed rental rates, but these speculators see the potential for a turnaround.
After watching years of redevelopment in Dallas’ central business district, they’ve decided to make a move. More than $400 million in downtown office towers have changed hands in the last few weeks, and more transactions are in the works.
Longtime downtown proponents say it’s proof that the turnaround has taken hold. It’s also evidence that real estate investors are craving new markets.
“The good news is that they are taking notice of the city paying attention to CBD and the new residential and retail construction going on,” said John Zogg, managing director of Crescent Real Estate Equities, downtown’s biggest office landlord. via WFAA.com
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
ECONOMIC REPORT
'Prolonged' recession, higher joblessness seen likely
NABE survey indicates most economists now believe U.S. recession's started
By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
not bad 
I can't speak for the whole state of Nevada, but in the Las Vegas area, homes are still selling, we ...
