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Business
Lauren Seaver, president of Opportunity Housing Group. [Photo: OHG]
The Last Word: OHG’s Lauren Seaver on City of Dallas Acquiring Briscoe Apartments for $82M for Mixed-Income Housing
by Dallas Innovates | Staff Report | Dec 19, 2022
The city of Dallas announced last week that it has spent $82 million through the Dallas Housing Finance Corporation to acquire The Briscoe, a 322-unit class-A multifamily property at 12639 Coit Road in North Dallas. The Briscoe was previously charging tenants full market-rate rents. Now it will reserve 161 units for residents earning at or below 80% of the area median income.
Current residents who qualify will see their rents reduced at their next lease renewal, saving an average of $222 a month, or $2,659 a year.
by Lance Murray |
Dec 16, 2022
Israel-based MCE Systems Ltd., which has a North American office in Dallas, has appointed Jim Hudak, a former senior Microsoft exec with a focus on mobility, IoT, and AI at Microsoft, to the MCE advisory board.
MCE is a global leader in digital device lifecycle management (dDLM) for mobile and IoT devices....
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by Lance Murray |
Dec 16, 2022
Dallas-based sports entertainment and technology company Topgolf has announced several leadership moves it said will help propel the company business forward. Topgolf, which currently has 85 global venues, plans to open another 50-plus venues over the next five years — roughly 11 new venues each year....
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by Dallas Innovates | Staff Report |
Dec 16, 2022
Gorji is a small, five-table restaurant near Belt Line and Montfort in Addison. Featuring new Mediterranean cuisine with "championship steak" and "sustainable seafood," it's the opposite of fast food. So opposite, that when you take your table, you'll be the only party sitting there all night.
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Grata CEO Patrick Brandt (left) and Founder Mark Bunting [Photos: LinkedIn]
Grata Raises $6M in Seed Funding for Recognition Platform, Adds Industry Experts to Executive Team
by Lance Murray | Dec 16, 2022
Founded in 2019 by Mark Bunting, Grata is a first-of-its-kind online platform for consumers to convey recognition directly to a brand's frontline employees in real-time. The company said that investors who have joined to support the success of Grata include Capital Factory, Clutch, Hall Group, and Perot Jain.
The startup has assembled a team of entrepreneurial veterans and industry experts including Patrick Brandt, Wesley Bryan, Allison Swope, and John Rabara.
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by Lance Murray |
Dec 16, 2022
Brian Ralston has been promoted to executive vice president, chief mortgage banking officer at NexBank, the largest privately held bank based in Texas and a subsidiary of NexBank Capital Inc.
Previously. Ralston was senior vice president of mortgage banking since 2013.
In this new position, Ralston will lead the strategic direction of the mortgage banking division and continue to be responsible for all origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending, NexBank said....
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by Lance Murray |
Dec 16, 2022
Lori Read has joined Plano-based RKD Group, the leading fundraising and marketing solutions provider to nonprofits in North America, as senior vice president of strategic growth.
“Lori is a dynamic force in our industry,” CEO Tim Kersten said in a statement. “We’re excited to welcome her to RKD and anticipate our strong continued growth trajectory through her strategic leadership.”...
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by Lance Murray |
Dec 16, 2022
Fort Worth-based Operio Group announced Sol Clahane is its first chief revenue officer, bringing more than 20 years of experience in revenue growth and strategy alignment to her new post....
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S2 Capital Hires New Head of Capital Formation, Investor Relations
by Lance Murray | Dec 16, 2022
Patrick Connell has joined Dallas-based S2 Capital as head of capital formation and investor relations of the national private investment firm that focuses on residential real estate.
Connell will lead fundraising and manage S2’s growing relationships with sophisticated institutional investors globally. He will also lead the firm’s investor relations team and open the New York office....
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by Lance Murray |
Dec 16, 2022
Sally Beauty Holdings Inc. announced an upcoming change in its board of directors as part of a planned leadership transition.
The Denton-based leader in professional hair color that sells and distributes professional beauty supplies globally through its Sally Beauty Supply and Beauty Systems Group businesses, said that Robert “Bob” McMaster, who plans to retire as a director, is not standing for re-election and will step down as board chair at the conclusion of the company’s annual meeting on Jan....
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by Lance Murray |
Dec 16, 2022
The 20-story, 507,000-square-foot McKinney & Olive offers premium office space, 50,000 square feet of retail, and a one-acre piazza surrounded by walkable amenities not far from Klyde Warren Park and the Dallas Arts District. Designed by architect César Pelli, the building opened in 2016 and quickly became an Uptown Dallas icon.
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by Dallas Innovates | Staff Report |
Dec 16, 2022
Pop. Pop. Pop. Pop. Pop. That soundtrack of delightful noises is coming soon at Coupes, a new "French-inspired champagne bar with a touch of Texas." Opening at the end of December in The Shops of Highland Park at 4324 Oak Lawn Avenue, the bar's setting was conceived by Dallas-based Coevál Studio.
Coupes aims to be a destination for celebrating life’s little moments over a glass of sparkling vintage and small plates of gougères, wild mushroom tartine, oysters, caviar, and more.
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Photo: Toyota Motor North America
Toyota, Oncor Collaboration Will Put a Charge in Vehicle-to-Grid Research
by Lance Murray | Dec 15, 2022
The companies will collaborate on a pilot project on vehicle-to-grid technology, which allows vehicles to flow energy from their battery packs to the electric grid.
"We envision a future where Toyota BEVs provide a best-in-class mobility experience, but also can be utilized by our customer to power their homes, their communities, or even power back the electric grid in times of need," said Toyota's Christopher Yang.
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by Quincy Preston |
Dec 15, 2022
Dallas-based Drive Shack Inc., creator of the modern mini-golf brand Puttery, plans to voluntarily delist from the NYSE in order to focus on running the business and achieving growth.
Entertainment venues and "competitive socializing" are a driver of that growth: Puttery has expanded to five locations since its debut in North Texas in 2021. "Going dark" will allow management and employees to focus on running the business and achieving growth—without the distractions of being a publicly traded company, it says.
Entertainment venues and "competitive socializing" are a driver of that growth: Puttery has expanded to five locations since its debut in North Texas in 2021. "Going dark" will allow management and employees to focus on running the business and achieving growth—without the distractions of being a publicly traded company, it says.
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by David Seeley |
Dec 15, 2022
You may hear a buzz in the air soon within a mile of 11 Dallas-area Walmart stores, but it's not the sound of an early electric Santa sleigh. It's another sign that commercial drones are becoming more and more a part of our daily lives. The big-box giant has expanded its drone delivery partnership with DroneUp into Texas.
For a $3.99 delivery fee, customers within a mile of each store can order packages and see them drop gently to their yard or driveway on the same day.
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by Dallas Innovates | Staff Report |
Dec 15, 2022
Earlier this week, we told you the Dallas Cowboys were planning $295 million in upgrades for AT&T Stadium. During NFL league meetings in Irving in the last few days, the team got a green light on their plan to pay for the job, Sports Illustrated's Mike Fisher reports.
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