In Dallas, the Real Estate Biz is Real Estate Good
Dallas is a hot commodity, real-estate-wise. Says so right here, in Commercial Property News, where Meridian Capital Group managing director Alex Katz insists 2007's shaping up to be a very good year, if 2006 was any indication. Katz figures 350 people are moving to Dallas-Fort Worth a day -- seriously? -- and, ya know, with numbers like that, yer gonna need the housing.
Not only that, but California investors are laying down some long green on Dallas land; there's proof of that right here, in a just-posted Dallas Morning News story about how Cali-based Younan Properties Inc. is trying to pick up the 50-story Thanksgiving Tower on Elm Street. And downtown's perking up with office spaces being turned into "urban lifestyle" lofts -- "similar to what you would see in New York or Los Angeles," says Katz. "Investors believe there is a favorable business climate here, the cost of housing is low, and real estate is relatively inexpensive in comparison to other parts of the country."
I've always said that oughta be this city's motto: "Dallas, we may not be better, but we are cheaper." --Robert Wilonsky
Get the Weekly Newsletter
Our weekly feature stories, movie reviews, calendar picks and more - minus the newsprint and sent directly to your inbox.
- Hate Our New Comment System? Just Make a Burner Facebook Account.
- SCOTUS Talked about UT Admissions Behind Closed Doors Thursday. Tuesday We Learn What...
- Dallas Animal Services to Partner With Lost Dog App to Help You Find Fido