Friday, April 10, 2009

New Dallas real estate company sees hope in downturn

A new Dallas-based real estate company hopes to find profits in the current property market downturn.

Real estate execs Adam Schiller and Brian Murphy – formerly with Austin-based Endeavor Real Estate Group – are teaming up with a group of Dallas principals to found Edge Realty Partners.

The firm will focus on retail development, brokerage and investment services.

"In spite of the current recession, we see great potential in these areas," Murphy said.

Former Staubach Retail execs Greg Bracchi, Steve Ewing, Mike Leonard and Michael Stern will also be principals in the new firm.

The just-formed company is already working on a project in Forney and one in Houston.
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By STEVE BROWN / The Dallas Morning News