Archive for May, 2011

Financial Times on Why Dallas is Awesome

Posted by    |    May 31st, 2011 at 5:15 am

Something like that. Yesterday’s Financial Times had a piece about how Dallas might serve as a model for how the American economy can move forward. Our fair city is having a “normal recovery” while the rest of the nation is stuck with a “speed limit” recovery, the paper says. (Check out the oddly simplistic photo illustration they used to sum up this idea.)

The reasons they give you’ve probably heard before: the 1980s banking depression in Texas made our bankers less likely to pursue risky practices, the rise in oil prices is a boost to our energy industry even as it’s a pain for those of us at the pump, and we Texans are just so gosh-darn optimistic.

Read remainder of the article at FrontBurner

Telecom in Dallas

Posted by    |    May 31st, 2011 at 5:15 am

J.R. Ewing, Texas longhorns and the telecom corridor no longer define the Dallas metropolitan area, but some things remain the same: “Everything is bigger in Texas,” said Doug Moore, senior VP of sales, marketing and services at Fujitsu Networks Inc. and chairman of the board of the Metroplex Technology Business Council.

No state income tax, an airport that allows 3-hour access to either coast (and return flights the same day) and a friendly business environment are some of the reasons that many of the world’s top technology companies call Dallas their North American headquarters. Cheap housing, a Central Time Zone location and a great labor pool also are attractive to businesses. The term “telecom corridor” fell out of favor during the early part of this century when the industry was hurting, but telecom – whether today’s flavor of the month or not – has a marked presence in the North Dallas region. L.M. Ericsson, the world’s largest telecom equipment manufacturer, and AT&T Inc., one of the nation’s largest telecom operator, both have headquarters in Dallas.

Read remainder of the article at RCRWireless

Dallas Fed Fisher Says Economy Has Too Much Liquidity

Posted by    |    May 31st, 2011 at 5:15 am

Sometimes it’s not so hard predicting the future.

If, for example, you have reports like this –

“Fed’s Fisher Says US Economy Has Too Much Liquidity” (CNBC)

The U.S. economy has moved from having too little liquidity to having more than enough, a top Federal Reserve policymaker said on Thursday.

“We’ve gone from too little liquidity to too much,” said Richard Fisher, president of the Federal Reserve Bank of Dallas.

A steep retreat in oil prices suggests this liquidity and the speculative activity it generates — not just strong demand from emerging markets — are driving the market, Fisher said.

Read the remainder of the story at Daily Markets

Coppell industrial complex is changing hands

Posted by    |    May 31st, 2011 at 5:15 am

A Coppell industrial complex is being purchased by a Colorado-based real estate investment trust.

Industrial Income Trust Inc. is buying six buildings in the Vista Point business park on State Highway 121. The buildings are being purchased for $23.1 million from developer Jackson-Shaw, Industrial Income Trust said in financial filings.

The buildings contain more than 200,000 square feet, and the sale is expected to close in the second quarter. The project is more than 80 percent leased.

Read remainder of the story at Dallas Morning News

Prime Preston Center property sold to investor

Posted by    |    May 31st, 2011 at 5:15 am

Real Estate investor Rosebriar Properties has acquired a key property in Dallas’ Preston Center district.

The Dallas real estate firm has purchased 38,500 square feet of commercial and retail space at Luther Lane and Westchester near the Dallas North Tollway.

Part of the property called Anthony Plaza was formerly leased to 24-Hour Fitness.

Terms of the all-cash purchase were not disclosed.

Read remainder of the story at Dallas Morning News

WHAT SHOULD BE #1 ON A SELLER’S LIST….

Posted by    |    May 26th, 2011 at 5:15 am

Some years back, the real estate company I was with had a division that I headed that developed new subdivisions and built spec homes….

We learned that when the construction and finish crews completed the homes, they weren’t really completed…not in perfect condition.

So we followed logic.  We had people on our staff who were trained to inspect homes as though they were buyers.  And their job was to make a list of everything that wasn’t up to snuff.

We had another crew whose only job was to take those lists and meticulously fix each item.

All builders worth their salt do that.  They call it punching out the house.

People buying new homes expect them to be perfect.  And they should.

Isn’t it interesting that people selling the homes they have lived in don’t go through the same exercise == have a neighbor or a friend go through the house and make a list of things that need attention. 

And then hire a professional punch out team to come take care of those things — and to do it BEFORE they put the house on the market?

 

BILL CHERRY, REALTORS

DALLAS – HIGHLAND PARK

Since 1964

214 503-8563

WEB

DALLAS – A Perfect Description Without Further Comment.

Posted by    |    May 24th, 2011 at 5:15 am

 

THE DALLAS THE CHAMBER OF COMMERCE KNOWS AND LOVES

First you must learn to pronounce the city name. It is DAL-LUS, or DAA-LIS depending on if you live inside or outside LBJ Freeway.

Next, if your Mapsco is more than a few weeks old, throw it out and buy a new one. If in Denton County and your Mapsco is one-day-old, then it is already obsolete. Forget the traffic rules you learned elsewhere. (Frisco has screwed everything up.) (more…)

A Gated Community in the $300′s in Frisco?

Posted by    |    May 23rd, 2011 at 9:48 pm

Last year I drove by a sign on Eldorado that said, “Kingswood”, never once thinking about a new home community. So one day I turned right and discovered almost a secret hideaway.

Nestled in the heart of Frisco lies the Hills of Kingswood, an exclusive gated community in an ultimate setting of natural beauty. With pristine views set in rolling terrain, you may forget this luxury lifestyle is only minutes from the thriving business and shopping corridors of Frisco.

Grand Homes has beautiful new homes starting in the $300’s. “The one thing I constantly hear from buyers is they are excited to live in a gated community in Frisco in the $300’s,” say Jenifer Traver community sales manager for Grand Homes. (more…)

WHO’S NOT LOCKING THE DOORS?

Posted by    |    May 20th, 2011 at 5:15 am

I’m beginning to wonder if this is a problem that is peculiar to me and not to the rest of you.

The problem is MLS agents who show my listings and leave without making certain the house is secure.  In otherwords, MLS agents who don’t check to make certain all of the exterior doors are locked.

In yesterday example, out of the five possible choices, three had been left unlocked.

When I call it to their attention, rarely are they willing to take the blame, instead saying that their client must have used that door and forgotten to relock it.

All I know is that the homeowner feels, and rightly so, that it’s the Realtor’s duty to protect the property during and after it has been shown.

If I’m going to have to accompany every agent who shows my listinngs, I’m not going to be willing to equally share the commissions.

BILL CHERRY, REALTORS

DALLAS – PARK CITIES

Since 1964

214 503-8563

GALVESTON’S STRAND: Lingering Shadow of Riches Untold

Posted by    |    May 12th, 2011 at 5:15 am

The Strand:
A Lingering Shadow of Riches Untold,
Whispering Night Bay Breezes

by Bill Cherry

Now that the battle that made Texas a republic in 1836 had ended, the founders of Galveston were finally able to get down to the business of building the new city.

While French sailors were settling in at the Gem saloon (“Your First and Last Chance” was lettered on the door) for an afternoon of drinking that would extend through the night, members of the Galveston Company began selling lots to the town they had envisioned and designed.

And in the same building, known as No. 6 Strand, near the corner of 17th Street, the first city council met to plot the course that the city would take to assure a prosperous development.

Auction houses, steamboat agents, cotton factors and mercantile stores were looking for places to settle, and the Strand seemed the most likely place. Wooden buildings were constructed, but all on stilts, because only a small levee of oyster and clam shells broke the bay’s tides from the street. (more…)