As I watched the Academy Awards on television last month, I began thinking about the several industry award programs coming up to honor Dallas’ prized real estate transactions and visionary leaders. If we were to host an annual black-tie program to recognize our “Bests,” who would you expect to see in the headlines the following day? Here are my picks.
Real Points
Daily Reports on Commercial Real Estate
Articles by Jeff Staubach
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OfficeWe recently held our annual Halloween office party for our families. After the festivities, my children began to trade the candy they collected. In watching the “negotiations” evolve, it dawned on me that office investing at the portfolio level is not all that different.
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OfficeAcross Dallas-Fort Worth, the unofficial state bird of Texas is flying high again. Construction cranes are popping up all over, especially along the Dallas North Tollway. As a development-friendly market, Dallas is expected to see speculative construction shift things back to neutral conditions once significant new product is delivered.
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If you’re in town Memorial Day weekend, lace up your walking shoes and join me for a life-changing journey.
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OfficeBaseball. It’s America’s leading pastime, and nothing thrills us more than a grand slam. But we’ll take a single as long as it’s putting runs on the board. In real estate, the first “inning” of 2012 is coming to a close, and we’re bringing in Jones Lang LaSalle Research Manager Steve Triolet from the bullpen for a quick play-by-play of the top five office leases in Dallas-Fort Worth so far this year.
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OfficeJones Lang LaSalle recently published its Q4 2011 office market research, and it made me realize how well our local Dallas economy is performing in terms of vacancy and overall asking rates.
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Commercial real estate professionals should head into 2012 optimistically, based on the changes our city experienced throughout the last 12 months. Dallas welcomed numerous corporate relocations (most notably from California), which brought with them job growth, positive net absorption, and an uptick in overall average asking rental rates. These factors, among broader economic vehicles position the Dallas office market ahead of many parts of the country and have armed North Texas for moderate growth in the coming year.
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When my father entered the commercial real estate industry decades ago, he had a pretty impressive background. It goes without saying that he’s proud of his accomplishments on the field of Cowboys Stadium; but he’s even prouder of the values he learned before the NFL while serving our country in the Vietnam War as a supply officer in the U.S. Navy.
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OfficeDuring the past 10 years, technology has drastically changed the way we do business. The crucial exchange of information and the urgency of most requests is dependent upon power—and from what my clients are telling me, it has never been more critical.
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OfficeIn real estate, there’s only one thing matters, and that’s location, location, location—right? You can have the million-dollar address, five-star amenities, and unbeatable access, but it will cost.
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