Fort Worth real estate agency Trademark Property Co. to build the future of the Galleria Dallas – Dallas Business Journal

Trademark Property Co. will work with retail, design, real estate, and development experts, along with city and community leaders, to develop a plan for one of Dallas’ most iconic shopping spots.

UBS Asset Management, which owns the Galleria Dallas, has hired Fort Worth-based Trademark to manage, lease and evolve the 1.4-million-square-foot development.

The Galleria is the “gateway” to the planned Midtown project, which is slated to bring 450 acres of new office, multifamily, retail and entertainment developments, as well as a city-programmed park. While apartments and office space are planned for the development, most construction has stalled due to disagreements over zoning and public sector initiatives.

Planning for the Galleria and surrounding property will begin immediately, UBS said in a news release, and will use feedback on what the future of the property should look like. Trademark will work with UBS to create a strategic plan and develop initiatives based on market and customer research, best practices and innovations in retail.

“We see enormous potential in Galleria Dallas as a true destination-worthy mixed-use district and gathering place for North Texas,” Trademark CEO Terry Montesi said in a prepared statement. “People expect more from mixed-use places today than ever before. We intend to consider every option as we evaluate how best to evolve Galleria Dallas – from the addition of other uses, improved service and experience, to added technology, destination-worthy common areas, and a thoughtful collection of best-in-class retail and restaurants. It’s about identifying strategies that fit the changing role of brick and mortar retail and mixed-use places in customers’ lives.”

Trademark has also worked on developments like Dallas’ Victory Park and Fort Worth’s WestBend.

North Texas Commercial Real Estate Developers

Ranked by Local Commercial Space Developed in 2016 (in sq. feet)

Rank Business name Local Commercial Space Developed in 2016 (in sq. feet) 1 KDC Real Estate Development & Investments 4.25 million 2 Trammell Crow Co. 3.90 million 3 Hillwood 3.10 million View This List

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Surprise? It Costs More To Rent A Luxury Apartment In Houston Than In Dallas Or Austin

Want to live in luxury in Texas? It will cost you more in Houston than in Dallas or Austin.

A high-end apartment in Houston costs about $1,448/month, RentCafé reports, using data from Yardi Matrix. In Dallas, the average is $1,428, and in Austin it is $1,432. Houston and Dallas have the same spread between high-end and low-end multifamily offerings: $490. Austin’s gap is smaller; residents only have to fork over $371 more to make the quality leap in the capital.

The cost of living in Texas is still lower than much of the U.S. The national average rent in a high-end building is $1,640/month.

Dallas may overtake Houston soon for priciest apartments. Its luxury rents have increased 7.4% in the past three years. Austin’s have risen 6.7%, while Houston’s are only up 1.8% since 2015.

The amount of multifamily supply coming online is expected to drive apartment rents down across the nation. Most of the multifamily projects that delivered in 2017 were high-end apartments. Dallas and Houston are among the top 10 cities in the nation with the most apartment inventory scheduled to deliver this year. New supply is expected to level off in 2019.

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Texas Realtor Tony Nuncio Achieves 5-Star Status in Dallas/Ft. Worth – Dallas Business Journal

DALLAS, May 1, 2018 /PRNewswire-PRWeb/ — For the sixth consecutive year, Dallas native and Realtor Tony Nuncio, founder of The Nuncio Realty Group at Dallas City Center Realtors, was named a 5-Star Real Estate Professional by Texas Monthly Magazine.

"I’m honored and humbled by my recent selection as a 5-Star Real Estate Professional in the Dallas/Ft. Worth area," said Nuncio. "My clients are everything to me. I strive to provide superb service to all of my clients. The fact that this is the sixth year I’ve been awarded this honor is overwhelming."

Nuncio was recognized by Texas Monthly Magazine for being at the forefront of today’s ever-changing real estate market, utilizing current technology to maximize his clients’ home buying or selling experience. "I pride myself on providing my clients with the highest level of personalized service and enjoy sharing my extensive market knowledge to assist them in finding the home that best fits their needs and desires," added Nuncio.

Nuncio, who is renowned for his high level of integrity, commitment to service excellence and his ability to produce results for his clients, has also been named by Goldline Research as one of the Top Most Dependable Real Estate Professionals in Texas and, since 2008, D Magazine, a Dallas local magazine, has named Nuncio as one of Dallas’ Best Real Estate Agents and/or a Top Producing Real Estate Agents.

"Tony did an amazing job. Before Tony, our house sat on the market for three months without a single offer. When Tony took over, he got us multiple showings a week, and a contract very quickly. He was in contact with us frequently and would let us know what was going on. We will use Tony again because the experience was great," stated clients William and Jennifer S.

Nuncio has a Bachelor’s Degree in Business Studies and a Master’s Degree in Management, both obtained from Dallas Baptist University. Prior to becoming a Realtor, he spent 30 years in various management positions in the telecommunications and restaurant industries. In his spare time, Nuncio loves to travel, supports the local arts, exploring local restaurants, and most of all, spending time with his family and friends.

About Tony Nuncio, The Nuncio Realty Group
Tony Nuncio has been a licensed real estate agent since 2003. Although his business spans the entire Dallas/Ft. Worth Metroplex, Tony has expert knowledge of the East Dallas/Lakewood, Lake Highlands and Oak Cliff areas. The Nuncio Realty Group can help you sell your home and/or help you buy the home of your dreams. For more information, please call (214) 395-0669, or visit http://www.thenunciorealtygroup.com. The Nuncio Realty Group is located at Dallas City Center Realtors, 3100 Monticello Avenue, Suite 200, Dallas, TX, 75205.

About the NALA™
The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. The information and content in this article are not in conjunction with the views of the NALA. For media inquiries, please call 805.650.6121, ext. 361.

SOURCE The Nuncio Realty Group

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Opus Virtual Offices Expands With New Prestigious Location in Dallas, TX

Opus Virtual Offices, a nation’s leader in the alternative workspace industry with more than 650 locations in all 50 U.S. states and Canada, has announced the opening of its most recent addition to the network in presitious Uptown Dallas, Texas. Located at 3626 North Hall Street – steps from Turtle Creek and the beautiful Rosewood Mansion – the site is situated in a prime business location and includes every detail needed to project a refined, polished, professional corporate image. For only $99 per month, Opus provides a live professional receptionist to answer and forward calls during business hours; a prominent corporate mailing address; local business phone and fax numbers as well as voicemail and fax to email transcription.

In addition to the basic package of Opus Virtual Office services, its new uptown Dallas location offers access to impressive, high tech conference rooms, free visitor parking and use of a guest lounge when doing business with clients as well as complimentary snail-mail scanning to email.

“Our new office in Dallas is in a fantastic, prestigious metropolitan location sure to impress any clients,” said Opus Virtual Offices CEO Yori Galel. “Besides our great $99 package of features, the additional amenities included at this Opus operated upscale property make it an ideal space for any company seeking to hone their professional image.”

Opus Virtual Offices offers more than 650 locations in all 50 U.S. states and Canada. With an Opus virtual office, every element is in place to establish an impressive corporate identity and operate businesses seamlessly, regardless of the organization’s true size or geographic location. Opus Virtual Offices has become the fastest growing company in the alternative workspace industry thanks to its simple, all-inclusive $99 per month pricing.

In fact, depending on the location, an Opus Virtual Office can not only significantly reduce office overhead, but can also dramatically boost a company’s profits. For example, utilization of the Opus Virtual Office locations in Wilmington, DE and Tampa, Ft. Lauderdale and Boca Raton, FL, has allowed hundreds of Opus clients to instantly cut thousands from their annual tax bill, thanks to those states function as low corporate tax domicile areas.

Further information is available at www.opusvirtualoffices.com

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How Did Texas Housing Weather Hurricane Harvey?

When Hurricane Harvey struck Texas last summer, many housing experts worried what the megastorm’s effect on the market would be. Turns out, their fears of a wounded market were needless.

"Despite the devastation of Hurricane Harvey,” said Kaki Lybbert, Chairman of the Texas Association of Realtors, “the Texas housing market had a very strong fourth quarter, helping solidify 2017 as another record-breaking year in Texas real estate.”

According to the 2017 Texas Real Estate Year in Review report from the Texas Association of Realtors, home sales volume and home prices in the Lone Star State reached all-time highs for the third year in a row last year. Overall, Texas home sales jumped 4 percent, with 336,502 homes sold statewide. Home prices also experienced steady increases in 2017, with the median sales price increasing 6.7 percent from the year prior, to $223,990.

The average sale spent just shy of two months on the market last year. According to the report, Texas overall had about three months of inventory in rotation by the end of Q4. In Q4 itself, that was a 0.1 percent dip. A stable inventory should be about six months. Active listings increased 5.5 percent from 2016 to 2017.

The strongest growth in median prices occurred in the Dallas-Fort Worth metroplex, where a third of houses for sale last year closed between $200,000 and $300,000. About two-thirds of Texas houses were occupied by the owner at the end of the year.

Lybbert attributed the strong growth to the sizable influx of residents and job growth across the state last year.

“With more than half a million people moving to the Lone Star State each year, we anticipate the Texas housing market will remain a hotbed for activity," she said.

Jim Gaines, Chief Economist with the Real Estate Center at Texas A&M University, said the year ahead should stay strong.

"Across the state, we are projecting sales activity to be even more robust in 2018,” Gaines said. “One of the big drivers will be from first-time homebuyers finding opportunity in the market with more builders focusing on the entry-level price point and lenders relaxing the requirements for first-time homebuyers. Additionally, the likelihood of more volatile interest rates in 2018 will influence homebuyers to buy now rather than later."

While Lybbert said she was happy with the strength of Texas’ 2017 market, she also echoed what many housing insiders say about continuously rising housing prices nationally—namely, that affordability needs to be guarded.

"The Texas housing market remains in such high demand that we continue to see low levels of housing inventory and strong increases in home prices,” Lybbert said. “While that continues to be good news for property owners, Texas Realtors will also continue to advocate for affordable options for all Texans."

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Three Incredible Texas State Parks You Have To See To Believe

We all know that Texas is a special state with many scenic areas that were designed to take your breath away. However, there are some areas that just seem to be a little more beautiful than others. In addition, these areas tend to be less crowded than some of the more well-known Texan attractions. So if you are looking to get away from the tourists and see a side of Texas you might not have already seen, these state parks should be on your list. Let’s pack up and see what is out there.

One of the first places on your list should be Guadalupe River State Park. While many Texans enjoy tubing on the Guadalupe, few ever get to enjoy the beauty and splendor of the actual park. It comes as a surprise to many that the there is actually four miles of river ready for swimming, fishing, and tubing. The park allows for a great time to soak up some Texas-sized rays in the river.

While there are plenty of great places to bird watch all across Texas, one of the best is located at Bentson-Rio Grande Valley State Park. One can find over 350 birds flocked around this park, making it one of the best locations in the state to see some rare and exotic birds. In addition, there are plenty of opportunities to enjoy the Rio Grande Valley with hiking and biking trails. Be sure to set aside a full day to enjoy the beauty of this park.

While there are several beautiful lakes in Texas, only Caddo Lake State Park has the distinction of offering the only natural lake in the state. In addition, this is regarded as being one of the potentially most beautiful areas in the state. In fact, people from all over the area visit this park to enjoy the cypress trees as they sway above the lake. While you are here, take advantage of one of the beautiful historic cabins and stay for the weekend. It is a surefire way to come back on Monday morning feeling relaxed and ready to battle through another week.

As you can see, there are several state parks in the state that are designed to make you feel relaxed and glad that you live in this wonderful state. Take the time to visit just one this weekend, but be sure to see them all.