Real Estate

Every Tuesday and Thursday through July 4th the Dallas Arboretum will host a summer concert with beautiful views of White Rock Lake. Voted Best Concert Venue by D Magazine, the Martin Rutchik Concert Stage hosts some of DFW’s best bands including Emerald City, Asleep at the Wheel, A Hard Night’s Day and many more. 

For more information, visit the Arboretum’s website and concert schedule.

The Nasher Sculpture Museum and Garden has declined Museum Tower’s offer to replace the noted Oculi roof at their expense. Back to square one in the Arts District. 

Read Candy Evan’s article here. 

Got this from my friend and colleague Brady Moore at Dave Perry Miller & Associates. This is definitely THE most pampered pooch in Texas. 

Just got this from Candy’s Dirt regarding the lawsuit between Museum Tower and the Nasher Sculpture Garden in the Dallas Arts District. 

Comes word a few minutes ago that the Board of Trustees of the Dallas Police and Fire Pension System, which owns Museum Tower, has found and presented a solution the the reflective glare issue that has been a subject of a sometimes contentious debate now for more than a year.

That solution is changing the roof, notably the oculi, of the Nasher to a new orientation. And the Pension System says they will pay for it, lock stock and barrell. MT officials do, however, dispute Nasher’s claims that damage has already been done to several works of at The Nasher.

Read Candy’s full article here. 

If I were a cartoon strip, “Eeeeekkkk” would be in my thought bubble upon seeing this house. This is a tale of two properties — beautifully sleek, contemporary and clean on the outside and then “Whoa Nelly” on the inside. I like a little bohemian element here and there but this is just over the top!

It is often asked if the housing market can truly rebound if the all-round economy remains sluggish. The answer is that the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, Chief Economist at Moodys.com, addressed this issue in a recent report.

 “Historically, housing has always led the U.S. out of recessions. It is the most interest rate-sensitive part of the economy, and as rates fall during recessions, housing rises first.”

How does real estate impact the economy?

Real estate impacts the economy in several ways. As Zandi explains:

“Housing’s resurrection is crucial to the creation of more jobs. Every new single-family home creates and sustains almost five jobs for about a year. These include not only construction jobs, but manufacturing positions for producing lumber, paint, nails, plumbing fixtures, carpets, wall board and so on. Truckers are hired to move this material around, and retailers add workers as new homeowners shop at home-improvement and hardware stores. Realtors, mortgage bankers, landscapers and cable installers all increase staff.”

Is the current market momentum sustainable?

If the economy is dependent on a recovering housing market, we need to know whether the current good news being reported in the real estate industry will continue as we move forward. Again, Mr. Zandi:

“The pace of construction has risen to 900,000 homes per year and is set to double to 1.8 million in the next few years. Even this will be only enough to meet demand; in an average year, 1.25 million households are formed, 350,000 houses are irreparably damaged or demolished, and an additional 200,000 are built for use as vacation or second homes. Given pent-up household formation—hundreds of thousands have put off their plans because of the tough job market—there could be a couple of years in which closer to 2 million homes will need to be built to meet demand.”

Housing will remain strong for the next several years. That will enable the economy to continue to heal until it fully recovers.

They form the basis for all life- earth, wind, fire, and water.  The four major elements are often taken for granted, barely even noticed amid the hustle and bustle of modern life.  This spring as the weather warms and new life blossoms, bring the elements to life by creating outdoor living spaces that enhance the unique energy of each one.

Earth

Spring means a turning over of the old and a bursting forth of the new.  Before the trees bud and the flowers bloom, clear away debris from last fall.  Clearing old growth and dead foliage allows the new to take center stage.   For the ultimate in low maintenance high zen quality landscape, consider a life size sand garden.  The soothing nature of warm white sand accented by drought resistant greenery brings a sense of calm, like a beach sans ocean.  Container gardens or those planted in the ground are also a great way to act global and think local.

Air

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This is courtesy from my friend Cody Baker who came across this jewel today. How could you photograph this for a listing and what exactly, is this supposed to convey?

Downtown Dallas experienced unprecedented progress in 2012 with the completion of several marquee  projects, as well as important under-the-radar residential developments that have the city poised for more growth, business and city leaders agreed on the Sunday, March 10, broadcast of the KRLD “Pulse of the City” roundtable.

In addition to 2012 completions of a signature Calatrava-designed bridge, the opening of the Perot Museum of Science & Nature, the City Performance Hall, and the Klyde Warren Park spanning the Woodall Rogers Freeway, millions of square feet of aging office buildings are being quietly transformed into hotel and residential space.

Read more at Marquee 2012 Developments Have Downtown Dallas Poised For Growth « CBS Dallas / Fort Worth.