As real estate professionals, business owners and millenials know, the way we work is changing every day. No longer are the days of the “9-5, in the office, 1 hour lunch” job. Trendy office spaces today have exposed brick, beer fridges and pool tables. Today’s workforce is more mobile than ever and they work differently than their parents did at … Read More
Earlier this week, we were going through different building options with a client when the question arose: “what is the common area factor and why is my rentable square footage different than the usable square footage?” It dawned on me that this is a topic that many office tenants and their brokers oftentimes do not give proper attention when evaluating … Read More
Developer Mike Sarimsakci, owner of 211 Ervay and the historic Butler Brothers Building is prepping plans for a mixed used development in close proximity to City Hall that would include a hotel, new office space and condos to an area of Downtown that is often forgotten by visitors, workers and residents in the area. Sarimsakci is calling it Divan Dallas … Read More
No matter where it takes place, no one likes running into a panhandler. Downtown Dallas faces this issue just like every major metropolitan downtown area. The important question is, “what is the city doing to fix it?” Dallas Police answered that question with a new initiative late last month to “crack down” on panhandling. Not only is there an increased … Read More
In a little more than one week, The Alamo Draft House will have its soft opening at 1005 S. Lamar in the Cedars area of Downtown. This will be Alamo Draft House’s second location in N. Texas with more planned. The Cedars area has been changing rapidly with interest from creative companies, business incubators and a good night life. However, … Read More
In late 2014, Florida based City Electric Supply purchased the former Belo HQ at 400 S. Record Street located near the Omni Hotel. With plans to occupy about one-third of the building and lease out the remainder, City Electric Supply began construction this week in what will be a big win for the area. Improvements for the building include interior renovation, … Read More
One thing I have noticed talking to friends and family who do not work in Downtown Dallas is that many people do not understand the resurgence of the area. Most believe that after the workers leave at 5pm, the area is “dead” with little nightlife. I would contest that nothing is further from the truth. Every day there are new … Read More
Last week, Dallas Morning News editor Steve Brown wrote a piece about the number of companies relocating from Downtown Dallas across the freeway to Uptown, calling Dallas’ new “main street” Woodall Rodgers Freeway. Big 4 accounting firm, PwC, announced last week that they would be leaving “Downtown proper” for a Trammell Crow/MetLife’s new Park District project. PwC is among several tenants … Read More
One of Downtown’s most anticipated redevelopment projects is still in jeopardy. 1401 Elm, the old First National Bank tower, made headlines in November when Olympic Property Partners LLC, the project’s capital partner, decided to drop out of the project. The developer, Dallas-based BDRC Partners is still looking for a new capital partner, but in the interim, the property’s lenders … Read More
Dallas investor Jonas Woods has closed on his latest deal in downtown Dallas, the office real estate portion of One Dallas Center. And, Woods said he’s got his eye on future investment in the city’s central business district.
The CEO of Dallas-based Woods Capital also is under contract to acquire Bryan Tower, a 34-story, 118,426-square-foot office tower at 2001 Bryan St. in Dallas.
In recent years, Woods has acquired Thanksgiving Tower and participated in the purchase of 2100 Ross Ave. in Dallas…