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Croft Young [Photo: CBRE]

CBRE Adds Veteran Investment Banker as Chief Investment Officer

by | Apr 28, 2023

Croft Young, a senior investment banker, will join Dallas-based CBRE Group as chief investment officer in July, the company announced.

The real estate services and investment company said that its global Corporate Development and Strategy teams will report to Young.

CBRE said it has enhanced its market position over the last several years through a combination of organic growth and mergers and acquisitions (M&A)....

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Stealth Monitoring Supercharges AI Capabilities with Acquisition of Caliber Communications
by | Apr 28, 2023

Addison-based Stealth Monitoring has acquired Caliber Communications and Syncro Monitoring (collectively called Caliber), further expanding its capabilities as a leader in technology-driven commercial video surveillance.

Stealth and Caliber, based in Stoney Creek, Ontario, are both leading video surveillance businesses focused on designing, installing, and providing proactive remote video monitoring solutions and related services to commercial, construction, financial, industrial, real estate, retail, transportation, and logistics, and utility businesses throughout the United States and Canada....

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George W. Bush Presidential Museum Appoints New Director, Celebrates Bush Center 10th Anniversary
by | Apr 28, 2023

Teresa Lenling has been named as director of the George W. Bush Presidential Museum, a role in which she will drive all facets of the Bush Museum’s programs and lines of business, the George W....

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Comerica Bank Announces New $3M CoWorkSpaces Program for Its Small Business Customers
by | Apr 28, 2023
In the coming weeks, Comerica Bank will open its new $5 million BusinessHQ small business collaborative space (above) at its bank location on East R.L. Thornton Freeway in Dallas. But wait—there's more. Today Comerica announced that it is repurposing idle real estate at other banking centers throughout North Texas to create Comerica CoWorkSpaces, a new concept backed by a $3 million investment. The new concept will offer complimentary office space exclusively to the bank's small business customers.
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Dallas' T.D. Jakes is shown along with Wells Fargo's San Francisco headquarters [Courtesy photo & Wells Fargo photo]

T.D. Jakes Group and Wells Fargo Partner to Build Inclusive Communities With Up to $1 Billion Over 10 Years

by | Apr 27, 2023
in a major announcement today, Dallas-Based T.D. Jakes Group and San Francisco-based Wells Fargo & Company unveiled a strategic partnership aimed at driving "economic vitality and inclusivity in communities across America." The announcement includes a big number: Up to $1 billion. That's the amount in capital and financing Wells Fargo is committing to the partnership over 10 years, as well as grants from the Wells Fargo Foundation.
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Pioneer Natural Resources Names New Chief Executive to Succeed Retiring CEO
by | Apr 27, 2023
Currently Pioneer's president and COO, Richard D. "Rich" Dealy brings more than 30 years of industry experience in roles spanning nearly all operations and business functions at Pioneer and its predecessor company. He will replace the retiring Scott Sheffield. The news comes amid reports that Exxon Mobil Corp. has held preliminary talks with Pioneer about a possible acquisition of the company.
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2 Arizona CRE Companies Open $17M HQ in the Dallas Design District
by | Apr 27, 2023
Since 2020, Creation and LGE Design Build have charted aggressive growth in Texas. The two Arizona companies currently have more than $280 million in shared commercial real estate projects under construction totaling 1,854,718 square feet in Dallas-Fort Worth and Houston, and another $503 million is in the pipeline across the state—with more to come.
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Texas Named ‘Best State for Business’ for Record-Breaking 19th Year in a Row
by | Apr 27, 2023
The streak continues. Texas has been named the Best State for Business by the country's top CEOs in an annual survey conducted by Chief Executive Magazine for a record-breaking 19th year in a row, Governor Greg Abbott announced.
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Sinclair Digital CEO Farukh Aslam [Courtesy photo]

The Last Word: Sinclair Digital’s Farukh Aslam on Snagging an Economic Development Agreement with Fort Worth

by | Apr 27, 2023
On Tuesday, the Fort Worth City Council approved an economic development agreement with Sinclair Digital, the smart buildings tech startup that brought The Sinclair—a Marriott Autograph Collection hotel called "the world's first all-digital hotel"—to downtown Fort Worth. Under the agreement, Sinclair Digital will launch a new corporate R&D and tech center in downtown Fort Worth. According to the Star-Telegram, city tax incentives will enable the hiring of 30 to 40 new employees over the next few months, with programmers included in the new positions.
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Dallas-Based Pacific Elm Properties Buys St. Paul Place Office Tower in Downtown Arts District
by | Apr 26, 2023
Jonas Woods' Pacific Elm Properties said it has bought the 22-story St. Paul Place office tower at Ross and St. Paul in the Dallas Arts District. The purchase was financed with a $66.7 million loan from MetLife Commercial Mortgage.
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U.S. Energy Development Corp. Expands Footprint in Permian Basin With $225M Investment
by | Apr 26, 2023
U.S. Energy Development Corp. is expanding its footprint in the Permian basin, building on its existing investments of over $400 million in the region over the past year. According to CEO Jordan Jayson, many operators in the Permian region are turning to innovation and advanced tech to tap into the remaining potential of the area, improve efficiency and safety, and maintain high levels of output.
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TPG Raises $3.4B for Second Fund Aimed at Capital Solutions in Tech Industry
by | Apr 26, 2023

Global alternative asset management firm TPG has closed TPG Tech Adjacencies II, the firm’s second fund for its strategy dedicated to providing flexible capital solutions to the technology industry....

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Rendering of part of the Goldman Sachs campus slated to be built north of downtown Dallas. [Image: Henning Larsen Architects]

DBJ: Hillwood Urban Tapped as Developer of $500M Goldman Sachs Dallas Campus Project

by | Apr 26, 2023
Dallas-based Hillwood Urban has been tapped as the developer of the $500 million Goldman Sachs campus to be built north of downtown Dallas, according to the Dallas Business Journal. Part of a planned 11-acre project from Dallas’ Hunt Realty, the nearly 900,000-SF Goldman Sachs campus will be the company's second-largest in the U.S. and home to some 5,000 employees.
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Norway’s Visitech Expands Capacity with New Allen Factory Supporting 3D Printing Market Growth
by | Apr 25, 2023
Norway-based Visitech AS has established an Americas office in Allen after acquiring DLP design house Keynote Photonics in the city. Now the company aims to build a factory in Allen that will be able to produce its full line of projectors and subsystems for state-of-the-art 3D printing and direct imaging applications in 2024.
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First Look: Extenet Opens Its New Frisco HQ for Wireless and Fiber Infrastructure Solutions
by | Apr 25, 2023
Last August we told you Extenet was moving its HQ from suburban Chicago to a high-tech future in Frisco. Thursday it cut the ribbon on its new home—and here's what it looks like inside.
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CompTIA Tech Workforce Report Lauds DFW, Texas as National Leaders
by | Apr 25, 2023

More tech jobs were added in Texas in 2022 than any other state, and Dallas-Fort Worth continues to be a major driving force in tech, according to a new report released by CompTIA, the nonprofit association for the information technology (IT) industry and workforce....

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