Wednesday, May 29, 2013

Words of Wisdom from Fred Perpall, CEO of Beck Group

Work hard, Win Big.

Here, then, as part of D Real Estate Daily’s ongoing “Bonus” series, are additional perspectives from Perpall, who talks about his life growing up in The Bahamas, his management strategies, and how, in just 14 years, he went from joining The Beck Group as a 24-year-old to becoming its CEO....

Early Achiever
I had my master’s degree by the time I was 22. I started college when I was 15. We have a system in The Bahamas where after finishing grade six, they test you. If you test at an 8th grade competency, they put you in 8th grade. The only thing it doesn’t take into consideration is maturity. It didn’t equalize with me until I was probably 18 or 19, when everyone is equally immature!
People tell me, “You’re so young as a CEO.” Yes, I’ young in age, but in terms of tenure this is the 17th year of my career. I have been blessed to have had a head start and to have wonderful parents who kept moving me along. You don’t do this by yourself. You have good people around you who help you make good decisions.
I remember when I called my father to tell him I was dropping out of architecture to play basketball. That was a good one. That lasted about five minutes. That was the intention, but by five minutes into the call, I was dropping basketball to play architecture...

More info at:

May 28th, 2013 9:39am

Tuesday, May 28, 2013

Renovations coming to Downtown Dallas

Downtown Dallas’ historic Hartford Building has a new owner who plans to remodel the tower for loft-style office space.
The 14-story building at Bryan and St. Paul streets has been purchased by Dallas investor and developer Ken Good Jr.
Opened in 1959, the brick building was the first downtown high-rise built by legendary developer Trammell Crow....

More info at:

14 May 2013 08:43 PM

New owners who are remodeling downtown Dallas’ 2100 Ross tower will spend millions making the building more attractive for the people inside.
But it’s a huge, bright-colored sculpture outside the skyscraper that will extend through the lobby that will generate the most attention.
The ribbon-like magenta steel work by Atlanta artist and architect Tristan Al-Haddad is what Cousins Properties hopes will link its revamped Dallas tower to the Arts District across the street....

More info at:

22 May 2013 10:36 AM 

Walking into the Ross Avenue lobby of downtown Dallas’ Chase Tower is like entering a museum or a grand cathedral.
The floor is an ocean of carefully cut polished stone. Great marble arches line the back wall.
Built at the height of the 1980s postmodern architecture movement, Chase Tower used the most expensive materials — as did many of Dallas’ great buildings from that era.
Thirty years later, tastes have changed, and building owners are trying to switch out these formal public rooms with softer furnishings and fixtures.
One landlord wants the ground floor of its office building to look like a cross between a boutique hotel lobby and the neighborhood Starbucks.
“They are rethinking these huge lobbies — these areas which are austere,” said Cushman & Wakefield executive vice president Mike Wyatt. “You want to warm them up and brighten them up and make them an area people can utilize.
More info at:


Updated: 24 May 2013 10:16 AM

CitySquare to provide housing for most expensive homeless

A vacant lot on Malcolm X Boulevard, across the street from the Opportunity Center, has a sign posted for the Cottages at Hickory Crossing.
It’s a proposed housing project with an unusual target market.
“We’re going to build 50 single-family cottages in a gated environment for 50 of the most expensive homeless people in Dallas County,” says Larry James, chief executive of CitySquare....

For more info, go to:

March 30, 2013

Wednesday, May 22, 2013

Seattle's Best Coffee Now in D-Town

DALLAS (Dallas Business Journal) – Coffee lovers rejoice: Seattle’s Best Coffee LLC opened its first ten drive-through cafes in the area this week.

The Seattle-based subsidiary of Starbucks launched its new commuter-style coffee shops at:
  • 971 SW Wilshire Blvd., Burleson
  • 160 N. I-35 E., Lancaster
  • 3036 W. Mockingbird Ln., Dallas
  • 3560 Frankford Rd., Dallas
  • 7441 McCart Ave., Fort Worth
  • 1658 W. University Dr., McKinney
  • 778 E. I-30, Rockwall
  • 4525 N. Tarrant Pkwy., Fort Worth
  • 6057 Skillman St., Dallas
  • 3233 W. Wheatland Rd., Dallas
Frank Sica, vice president and general manager of Seattle’s Best said the move to the Metroplex is part of a large expansion strategy.

More info. at: 

Staff Writer-Dallas Business Journal

Dallas Foreclosures Down Significantly

DALLAS (Dallas Morning News) – Continuing the downward trend of foreclosure filings, area homes being threatened by foreclosure in June are down 43 percent from last year.
Not only are upcoming foreclosure postings down dramatically, year-to-date foreclosure filings in the Dallas-Fort Worth area have fallen by nearly 40 percent over the first half of 2012.
Real Estate Center Research Economist Dr. James Gaines said foreclosures are slowly moving back toward historic norms, in part because lenders are changing how they handle past-due mortgages.
“The banks are not using foreclosure as the main way to cure the problem,” Gaines said. Instead, lenders are offering to modify loans or offering the properties through short sale.

Tuesday, May 21, 2013

Current News from the Real Estate Convention in Las Vegas

Preston Hollow Village
Retail Street Advisors partner Aaron Stephenson shows a first look at the latest Gensler renderings for the 42-acre Preston Hollow Village at the northeast corner of I-75 and Walnut Hill. Developed by Provident Realty Advisors and Kroenke Holdings, the first phase includes an almost 15k SF Trader Joe's that breaks ground in a month, along with a retail portion that should deliver in Q1 or Q2 of '14.

Retail Street Advisors
HFF's Cullen Aderhold, Aaron, and Retail Street Advisors partner Zachary Porter. Zachary tells of the second phase of Preston Hollow Village will include 1,000 multifamily units . The majority of RSA projects are mixed-use, he says. Retail is sensitive, and building that from the ground-up is critical to creating a successful mixed-use project, he stated. RSA also leases the Shoppes @ Legacy and Mockingbird Station (among the 18 mixed-use projects it leases across Dallas and Austin).

At the Sundance Square booth, CEO Johnny Campbell—who for 12 years has run this fun and bustling 35-square block area of Fort Worth owned by the Bass Brothers—points to a new plaza area at its center that will open Nov 1. Though on the area's master plan for 30 years, it's been a parking lot until now, and will include three office and retail buildings, a dancing fountain, and 55k SF space with outdoor seating, six giant umbrellas, and a big stage. Johnny predicts this could become a premier venue for outdoor concerts and bring Fort Worth an Austin-like music scene. Urban planners have long studied Sundance as a model for the pedestrian experience. And Starbucks looks likely to feature beer and wine after 4PM as it's done experimentally elsewhere.

CBRE's Jennifer Pierson and Westwood Group Development's Gary Hazlewood. Gary says that he has started a 50k SF retail/office project in downtown Grapevine. His Grapevine Station project is now fully leased and he's leasing up a medical/retail project, LaTerra Village, in Haslet.

Monday, May 20, 2013

Dallas Commercial Real Estate News

One Main Place Faces Foreclosure

DALLAS (Dallas Morning News) – A 45-year-old landmark skyscraper is set for foreclosure next month.
According to documents at the Dallas County courthouse, the 32-story One Main Place tower at Main and Griffin streets is facing a June foreclosure date after New York-based RAK Group defaulted on $69 million in debt.

Business Up at UT-Dallas

DALLAS (Dallas Business Journal) – The growing number of business students at a local university has prompted a $25 million expansion of the school's college of business.
The University of Texas at Dallas is expected to complete construction in fall 2014 on a four-story, 110,000-sf academic building for its growing college of business. The facility will include a high-tech financial trading lab, live-broadcast sales lab and a career center with interview rooms.
Boston-based Good Clancy designed the building. The Beck Group is the general contractor.

Stratford Starting Oak Cliff Project

DALLAS (Dallas Business Journal) – A local developer is set to break ground next week on a 211-acre urban mixed-use community.
Stratford Land will begin work Tuesday on The Canyon in Oak Cliff, a project four miles south of Dallas’ central business district.
It will include up to 7,500 residential units, 1,000 hotel rooms, 1.2 million sf of office space and 800,000 sf of retail. According to the project website, The Canyon will also include 35 acres of “native landscaped open space.”
To provide better access to the project, the eastbound I-30 exit ramp at Westmoreland Rd. will be relocated. The planned Margaret McDermott Bridge will also feed into the development.

Furniture Store Makes Way for Office Tower

PLANO (Dallas Morning News) – Demolition has begun on a former furniture store that is making way for a 13-story office tower.
On Tuesday, Trammell Crow started demolition of the Robb & Stucky Furniture building at Dallas North Tollway and Legacy Dr. in West Plano. By third quarter 2014, a 342,000-sf, Class-AA building will take its place on the six-acre site.
Trammell Crow originally announced its plans for the former furniture store site last year.
The architect is HKS Inc.

Thursday, May 16, 2013

Downtown Dallas Current Development Projects May 8, 2013

Downtown Dallas Events for May 2013

Friday, May 24
11:00 a.m. - 2:00 p.m.
Cost: Free

Pegasus Plaza
1500 Main Street
Main Street District
Pegasus Plaza Market
Our Pegasus Plaza Market series is back for the summer!  It takes place in the heart of Downtown during lunchtime, encouraging you to get out of the office, browse goods from local artists, and listen to some live music.  In addition to May 24, the Market will also be held on June 28 and July 26.

More Info

Saturday, May 18
11:00 a.m. - 5:00 p.m.
Cost: Free

146 W. Commerce Street Viaduct

Riverfront District
Trinity River Wind Festival
The Trinity River Wind Festival presented by NRG is a free, family-friendly event in Dallas to celebrate the beauty and spirit of the wide open spaces along the Trinity River.  From the Japanese kite makers to the Kroger Kids Fun Zone to Second Spin Rescue Disc Dogs, there is something for everyone.  There will also be a Dallas Zoo Outreach show and Larry g(EE) will be providing live music.

More Info                                               

Saturday, May 18
7:30 - 11:00 p.m.
Cost: $75 - $175

Dallas Heritage Village
1515 S. Harwood Street

The Cedars
History with a Twist
History with a Twist is a celebration of classic American cocktails, created by noted Dallas Mixologist Michael Martensen of Cedars Social and Smyth.  Attendees can stroll down Dallas Heritage Village's Main Street and visit various cocktail stations until 10:00 p.m. while enjoying food by Wendy Krispin Caterer and entertainment by the Singapore Slingers, the fox trot orchestra Dallas Observer calls "the coolest, quirkiest, retro jazz group."  There will also be a silent auction, photo booth, and a vintage car display.  Vintage attire from Prohibition and the early 20th century encouraged!

More Info

Saturday, May 18
11:00 a.m. - 7:00 p.m.

Traffic LA at the Joule
1608 Main Street

Main Street District
40% Off Sale at Traffic LA!
It's not everyday you can get designer duds at a discounted price, so take advantage of this opportunity while it lasts!  Traffic Men's and Women's will be offering 40% off spring collections for one day only.  While you're there, check out the other new stores part of the Joule expansion such as TenOverSix and Taschen Library.  Complimentary valet is provided.

More Info

Saturday, June 1
11:00 a.m. - 1:00 p.m.
Cost: Free

Dallas Public Library
1515 Young Street

Civic Center
Sports Talk Live!: Golf in Texas
Head to the Dallas Public Library for Sports Talk Live! as they discuss the history, players, and great stories about golf in Texas.  Guest speakers include Pat Wheeler of Texas Links Magazine, Shannon Kneisler, LPGA professional and former player, Art Stricklin of Texas Golf Writers Association, and many more.  Be sure to take a practice swing on the putting green and enter to win a door prize!

More Info

Saturday, June 1
11:00 a.m. - 2:00 p.m.
Cost: Free 

Main Street Garden
1902 Main Street

Main Street District
Ride the Link
Calling all cyclists!  Come celebrate the completion of Centralink, the bike trail connector that goes through Downtown Dallas and connects Oak Cliff, the Katy Trail, and the Sante Fe Trail.  Centralink represents the spirit of regionalism and cooperation between DART, the City of Dallas, Downtown Dallas, Inc., and bike trail organizations.  There will be bicycle tune ups from area bike shops, group rides, civic leaders answering your questions about biking in Dallas, food and giveaways, and much more!  For more information about the event and a map of Centralink, click the 'More Info' button below.

More Info

Monday, May 06, 2013

Need an office makeover? It’s all in the details

When Jo Heinz walks into an outdated office building, she gives both the dominant features and the tiniest of details a close look. Each are important in a property makeover.
“Landlords are repositioning and enhancing their buildings,” said Heinz, president and CEO of Dallas-based architecture and interior design firm Staffelbach. “There are new buildings coming around, and they know their tenants are targets for those buildings. They want to make sure they can maintain their occupancy and ensure their tenants don’t have any reason to leave.”
Andre Staffelbach, founder of the firm, and Scott Cavaness, a Staffelbach project manager, agree. ...

Staff Writer-Dallas Business Journal

Office demand differs from downtown to suburbia

Even though the real estate market in North Texas’ suburbs is red hot, office buildings in downtown Dallas are simply seeing red.
At least five Class A office developments are in various stages of development in Richardson, Allen, Plano and Frisco, as cities and developers try to woo corporate tenants shopping for space.
Corporate offices boost a city’s tax roll, but the residential and commercial development that follow raise the stakes.
“There’s pent-up demand, and absorption has been strong,” said David Craig, who is the master developer of Craig Ranch in McKinney. “There’s not much square footage in the marketplace ...

Staff Writer-Dallas Business Journal

City of Allen building $70M spec office park

A rebounding and ultra-competitive market has one Dallas-area suburb racing to find space for corporate tenants.
The initial phase of the $70 million AllenPlace — a four-building, 468,000-square-foot Class A development off North Central Expressway between McDermott and Bethany roads — is expected to break ground by September.
That project is imperative to the future of Allen’s corporate recruitment, said Harry Whalen, executive director and CEO ofAllen Economic Development Corp. in an exclusive interview with the Dallas Business Journal.
“This field will become hundreds, if not thousands of jobs within the five-year build-out,” Whalen said, as he toured the ...

Staff Writer-Dallas Business Journal

Harwood Brings Connecticuit Firm to Dallas Tower

Global real estate developer and investor Harwood International has announced a new 15,068 square foot lease agreement of with Accudyne Industries at 2728 N. Harwood. Accudyne, a Connecticuit-based company is moving its corporate offices to Dallas.
Jihane Boury, VP and director of leasing for Harwood International, negotiated the lease withMichael Swaldi, Larry McCorkle and Jeff Staubach of JLL and Kevin McGlinchey ofAccudyne Industries, LLC. This lease brings 2728 N. Harwood to 100% leased.
“We’re always pleased when companies select Dallas to relocate, especially within our district of Harwood,” said Boury. “It’s important for the growth of our bustling city and we welcome Accudyne Industries to their new home.”
Accudyne Industries is a leading global provider of highly engineered pumps and compressors serving a broad array of industrial markets. Brands include Sullair, Sundyne, Milton Roy, Haskell, Dosatron, and many others. The company has five production locations across the U.S., and 15 other production facilities in seven countries across four continents. 
“We are excited to be relocating our corporate offices to Dallas and look forward to enjoying the significant advantages that this great city has to offer,” said Elmer Doty, president and CEO, Accudyne Industries, LLC. “After extensive research we felt that the vibrant Harwood district of Uptown Dallas was the best possible location for our headquarters and will accommodate our long-term needs.”
Completed in 1996, 2728 N. Harwood is a ten-story Class AA office building designed by world-renowned architect Richard Keating. 2728 is the 1999 winner of the EPA’s Energy Star “Most Efficient Building in the USA.” The building’s main amenities include Marie Gabrielle Restaurantand Gardens, a fitness center, and a 1.5 acre European-style rooftop garden.
Founded in 1988 by Swiss-born Gabriel Barbier-Mueller, Harwood International is a global real estate developer and investor with prime offices and projects in select niche markets in Beverly Hills, Dallas, Geneva, London’s West End, Paris, Sunnyvale, and Zurich. 

By David PhillipsDallas/Fort Worth