Business

 

 

Dallas-Based Common Dwelling Offers Investment Opportunities in Single-Family-Home Rentals

With an initial target raise of $20 million, Ty Lee's Common Dwelling online platform offers everyday Americans a chance to invest in—and profit from—single-family home rentals.

"I wanted to create a platform where people can invest with however much money they have available to them," Lee said. Even if that's as little as $100 or $1,000.
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Downtown Arlington’s Urban Union Live‑Work‑Play District Is Expanding
by | Dec 13, 2021
Dodson Commercial Real Estate is building five new mixed-use buildings along Front Street to house restaurants, retail, and apartments. The expansion will result in a five-city-block attraction for downtown Arlington. The city's largest public accounting firm, Sutton Frost Cary LLP, will be relocating to a 21,000-SF office building that's part of the project.
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The sale of Trammell Crow Center was the top DFW CRE deal for 2022.
Global Dermatology Innovator Galderma Moving U.S. Headquarters to Downtown Dallas
by | Dec 10, 2021
One of the world's largest independent dermatology companies, Galderma's portfolio includes well-known brands such as Cetaphil, Proactiv, Differin, and Restylane. The Swiss company, whose ties to Texas date back to 1961, will call Trammell Crow Center in the Arts District home.
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MP’s new magnetics facility in Fort Worth's AllianceTexas development will source materials from Mountain Pass, California and aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]
MP Materials Is Building a Magnet Factory at AllianceTexas in Fort Worth
by | Dec 9, 2021
The new magnet manufacturing facility will be the headquarters for MP Magnetics, the company's growing magnetics division. Production at the new facility could ultimately power 500,000 EV motors each year. MP, which entered a long-term supply agreement with General Motors for rare earth materials and parts, says manufacturing could begin in 2023.
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Dallas-Based Integrity Marketing Group Gets $1.2B Investment to Propel Growth in Insurtech

by | Dec 9, 2021
With a minority stake investment from Silver Lake, Integrity plans to accelerate the development and implementation of its omnichannel insurtech platform—the only one of its kind, according to the company. The deal bookends a big year for Integrity: 40 acquisitions in 2020, a downtown Dallas HQ move, and new sales placement set to exceed $7 billion.
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Arlington’s First Rate Launches $25M VC Fund to Boost Seed-Stage Fintech Startups
by | Dec 8, 2021
First Rate Ventures says it's the first fintech-focused venture capital firm in the Dallas-Fort Worth area that will focus on investments in early-stage startups in wealth, investment, regulatory, and mortgage technologies.
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Irving-Based ExxonMobil Acquires Materia Inc., Plans to Bring Its Nobel Prize-Winning Tech to Scale
by | Dec 8, 2021
The deal combines Materia’s Nobel Prize-winning hydrocarbon-based materials technology with ExxonMobil’s manufacturing capabilities to commercialize a new class of structural materials. Applications could include everything from wind power turbine blades to EV parts to sustainable construction products.
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A Supply Chain Revolution Is Driving Mobility Innovation
New technologies and fervent consumer demand are creating a burst of growth opportunities; they call for collaboration, investments, and resources for startups.
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Dallas Fintech Zirtue Opens Its Platform to Businesses as a New Alternative Payment Solution

by | Dec 7, 2021
Zirtue's Alternative Payment Solution—operating in stealth mode to Fortune 500 corporate partners since early 2021—is now open to all businesses for consumers to pay their bills. It's a "new level of convenience," CEO and Co-Founder Dennis Cail says: The product gives those who are struggling a way to lean on friends, family, and loved ones to make payments, while providing accountability and trust to the lender.
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American Airlines CEO Doug Parker to Retire, President Robert Isom Named Successor
by | Dec 7, 2021
Parker is credited with helping to create one of the world's largest airlines.
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Southwest Airlines Makes Leadership Changes Across the Company
by | Dec 6, 2021
The recent appointments span Southwest's operational, marketing, and technology teams.
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Dallas Design Firm Aims to Turn Pro Athletes’ Homes into ‘Recharging Stations’
by | Dec 6, 2021
Juliana Oliveira and her sister Sara de Oliveira co-founded Athlete-Centric Design to transform pro athletes’ lifestyles—not just with luxury design, but by improving their performance on the field through health and wellness elements. Now they hope to score by having their approach adopted as a best practice in the sports industry nationwide.
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New Evolve Biologics Plant in Sachse Will Add 300 Jobs, Reinforcing DFW as a Biotech Hub

by | Dec 6, 2021
Mississauga, Ontario-based Evolve Biologics is a producer of plasma-derived therapeutics. The firm's CEO says the new, state-of-the-art, 200,000-SF Sachse facility "will be the foundation of our future growth and global strategy," with the capacity to process 1 million liters of plasma annually and a planned expansion to 2 million liters.
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DI People: McLaren, Cyber Defense Labs, ResMan, and More Make Moves
by | Dec 3, 2021
In this week's roundup of hires and promotions in North Texas, you'll also find news from ClubCorp, Excellarate, Dallas College, Arlington Economic Development Corporation, 5G LLC, Envy Gaming, Alpine Advanced Materials, Ryan, StatLab, and more.
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Dallas-Founded Shiftsmart Raises $95M Series B Round to Grow Its On‑Demand Labor Marketplace
by | Dec 2, 2021
On the tail-end of a landmark year—one that saw Shiftsmart double both staff and revenue—the labor platform has raised funding to fuel growth and continue empowering its 600,000 workers across 50 countries with flexible gigs.
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South Korean Bank Tests Stablecoins on North Texas-Based Hedera Network
by | Dec 2, 2021
The solution developed by Shinhan Bank and a global megabank outside of Korea enables cross-border funds to be sent and received in a locally denominated stablecoin with "remarkably low fees." The solution is built using the Hedera Token Service and Hedera Consensus Service.
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