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Your One Source of All DFW Real Estate News from Dream Castle Realty

Governor announces the business reopening in Texas

According to REBusiness Online Gov. Greg Abbott has expanded the reopening of certain businesses and activities. 

Retailers such as barbershops, nail salons, tanning salons, and similar businesses may reopen on Friday, May 8, provided they maintain six-foot distances between workstations.  Office buildings and manufacturing plants that produce nonessential goods may restart their operations at 25 percent of their normal occupancies on Monday, May 18. 


Market Snapshot

Texas home prices rose to $249,000, a 5.8 percent YOY increase. Austin pushed the home prices in double digit.

The Texas Repeat Sales Home Price Index which provides change in single family values.  Repeat sales home index for  Dallas and Houston increased 2.5 and 3.0 percent, respectively

Texas Home Inventory and Market Snapshot

Google plans to build data center in Ellis County Texas

According to Dallas Morning news Compass Datacenters is finishing up the first phase of the data center on 225 acre track East of I35 E on Red OakGoogle has purchased more than 165 acres where it plans another huge data center — its second such project in Ellis County


Rent drops in Austin Metro during Co-Vid 19 Crisis

According to Austin Business Journal COVID-19 has slowed down the metro’s multifamily market, according to ApartmentData.com.

From March to April, apartment rents dropped 1.2 percent to $1,297. That’s a contrast from last year, when rents saw a 5.7 percent increase. 

Occupancy went up 0.3 percent to 91.1 percent in April. 


$1.5 billion Star mixed-use development coming in Frisco

According to Dallas Morning News Dallas Cowboys owner Jerry Jones Bluestar land development company is coming up with another mixed use $1.5 Billion office building in Frisco

The 11-story, 327,000-sf office tower will be at the northwest corner of the Dallas North Tollway and Cowboys Way.

Along with the office tower, a six-level, 1,200-car parking garage is planned for the west side of the tollway.


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Dallas Real Estate News You Can Use

 

 

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The best Investment on Earth Is Earth – Louis Glickman

Jan 2017 VOL 1242017

 

Winter Maintenance List 

Cover Faucets and Exposed outdoor Pipes

 

Plan your watering schedule. 

Reduce Watering to the yard and
adjust sprinkler according to weather 

 

Remove Christmas Lights and Decoration  

Different HOA have rules around when you should remove the
Christmas light decoration. Its time to put that on
your schedule on the list of things to do

 

$1B data center campus in Richardson

EdgeCore Internet Real Estate plans to build a $1 billion data center in Richardson

According to the Dallas Morning News, EdgeCore wants to build a roughly 900,000-square-foot facility on 33 acres at Shiloh Road and the President George W. Bush Turnpike.

Plans filed with the city of Richardson call for two office and data center buildings, each spanning 358,000 square feet.

Multi Family Good Deals Hard to Come by in Dallas Fort Worth Market

According to Bisnow – Once DFW’s hidden gem in the multifamily market, Fort Worth is entering a more mature market stage with barriers to entry rising. Soaring development costs and competition ramping up in the market make good deals hard to come by in Fort Worth on both the value-add and the new-build sides.

According to Lincoln Property Co. Vice President, Southwest Region Sheila Carter, “Fort Worth is one of my favorite markets, and there’s a few reasons for that. One of them is, until recently, it was the best-kept secret. It wasn’t on anybody’s radar if they were institutional clients, so you didn’t have a lot of that institutional competition….More here

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