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Firm Bringing Major Retail Brands to Dallas Is Acquired by Public Company

by | May 4, 2022
Dallas-based Open Realty—a retail-focused real estate investment firm that's helped companies like Apple, Warby Parker, and Bonobos bring brick-and-mortar stores to North Texas—has been acquired by New York-based Newmark Group. Open Realty will now join Newmark's retail services business, joining the public company's global team of more than 6,300 worldwide.
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Ericsson Launches Global Utilities Innovation Center in Plano
by | May 4, 2022
From cybersecurity to 4G and 5G cellular reliability, there's a need for a more secure and flexible modernized power grid.

Ericsson's new Global Utilities Innovation Center at its North American HQ in Plano will be a secure experience center and testing lab to enable utilities and manufacturers to explore solutions to challenges.
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Dallas Invents: 138 Patents Granted for Week of April 5
by | May 4, 2022
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: 7-Eleven's custom rack for scalable position tracking system, Bank of America's robotics process automation macro bot, CB Geotex's method of maintaining soil strength and stability, Golabs' self-balancing vehicle, K2M's expandable spinal implants, Match Group's matching users based on selections made by third parties, and more.
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Mobile Game Company President Is Named New CEO of Match Group
by | May 3, 2022
Match Group CEO Shar Dubey is leaving her post May 31, but will stay on with the company as a board director and advisor. The move will allow more time for what she calls "the give back" chapter of her life.

Incoming CEO Bernard Kim currently serves as the president of mobile game maker Zynga, where he is credited with boosting Zynga’s market cap since 2016, leading to Zynga’s pending $12.7 billion acquisition by Take-Two Interactive.
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Dallas’ Barber Partners and Bain Capital Launch $500M Cold Storage Venture Across the U.S.

by | May 3, 2022
The joint venture will develop around 15 "next generation" cold storage facilities across the country. The launch addresses a cold storage crunch that's been exacerbated by increased demand during the pandemic and the ongoing supply chain crisis. The first project: a $52 million, 302,000-square-foot "state-of-the-art" facility right in Dallas' back yard, in Denton.
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See How Three of the Top Four NFL Draft Picks (and Many More) Trained at Exos Institute in Frisco
by | May 2, 2022
Travon Walker (No. 1, to Jacksonville Jaguars), Derek Stingley Jr. (No. 3, to Houston Texans), and Ahmad "Sauce" Gardner (No 4, to New York Jets) were among the 99 NFL draftees in the 2022 class who trained at Exos facilities, including the Exos Athletes' Performance Institute in Frisco.

That's a record both for the company and the industry—and Exos says it's due to its integrated, "athlete-first" performance methodology, combining everything from technology to diet to sports psychology.
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Follow the Money: Trive Capital Raises Nearly $2B, Securonix Adds Investors to its $1B+ Funding Round, Cardinal Midstream Partners Launches with $300M Investment, and More
by | May 2, 2022
What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money.
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ICYMI: Texas Eyes New Federal Biomedical Agency

The Advanced Research Projects Agency for Health (ARPA-H) was established last month by the Biden administration with $1 billion in funding to advance biomedical and health research....

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Mayor Names HKS Principal as Citywide Representative to Dallas’ Environmental Commission

by | Apr 29, 2022
The city of Dallas has a new leader helping to oversee the implementation of its first Comprehensive Environmental and Climate Action Plan. The overarching goal? To alleviate the impacts of climate change on the region.
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With a New CEO at the Helm, Bottle Rocket Creates Three Leadership Roles
by | Apr 29, 2022
Addison-based Bottle Rocket has promoted three execs into the new roles as it eyes continued growth.

The leadership moves come after the experience consultancy and app maker began the year with a new CEO. Founder and former top executive Calvin Carter is working on a new, stealthy venture called Talon Labs.
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Southwestern Medical Foundation President and CEO Kathleen Gibson has joined the board of nonprofit LaunchBio. [Image: Southwestern Medical Foundation; istockphoto]
Southwestern Medical Foundation President and CEO Joins LaunchBio Board
by | Apr 29, 2022
LaunchBio, a life science and biotech nonprofit that expanded to North Texas in 2021, has announced four new board members, including Dallas-based Kathleen Gibson, along with a new board chair.

LaunchBio is working to accelerate the entrepreneurial support network in the region through collaborations with BioLabs, Lyda Hill Philanthropies, J. Small Investments, BioNTX, DLA Piper, and others.
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SMU Lands One of its Largest Gifts Ever to Fund Entrepreneurship
by | Apr 28, 2022
William Spears, founder and CEO of Dallas-based sustainability solutions firm Cenergistic, has given SMU the largest donation from a non-alum in its more than century-long history.

The gift will be used to set up the William S. Spears Institute for Entrepreneurial Leadership within the Cox School of Business, as well as the Spears Accelerator, to help get student- and faculty-formed businesses off the ground, and other entrepreneur-supporting efforts.
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Bitcoin Mining Company Investing $333M for New Facility South of Dallas

by | Apr 28, 2022
Colorado-based Riot Blockchain, one of the world's largest publicly traded bitcoin mining companies, announced plans to develop a 265-acre site in Corsicana—about an hour south of Dallas—adding to its growing presence in the Lone Star State. At full capacity, the development is expected to have one gigawatt of capacity—enough energy to power around 750,000 households.
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‘The Future of Dining’: Chili’s Expands Robot Servers to 61 Total Restaurants
by | Apr 27, 2022
Rita—a robot that seats guests, runs food to tables, and even sings "Happy Birthday"—has been tested in 10 Chili's restaurants in the Dallas area, California, and Florida. After performing correctly 99% of the time, she's now being expanded to 51 additional Chili's locations nationwide. "To know Rita is to love her," says the SVP of Innovation for Chili's parent company, Brinker International. "Team members have realized she really is there to make their jobs easier."
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Dallas Invents: 142 Patents Granted for Week of March 29
by | Apr 27, 2022
Dallas-Fort Worth ranked No. 9 for patents out of 250 metros. Patents granted include: AT&T's media content distribution system, Bank of America's AR dynamic authentication for electronic transactions, DJO's personalized image-based guidance for energy-based therapeutic devices, Ed Tucker Distributor's starting device for a motorcycle, Huawei's wireless battery charging with improved efficiency, and PACCAR's methods for providing augmented reality support for vehicle service operations.
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Fort Worth Becomes First U.S. City to Mine Bitcoin, Right From City Hall
by | Apr 26, 2022
Fort Worth is positioning itself to be the capital of crypto mining. Bitcoin mining machines donated by the Texas Blockchain Council began running 24/7 today, following a city council vote that authorized the six-month pilot program.

Fort Worth Mayor Mattie Parker plugged in the machines herself live on Twitter this afternoon at 2:35 p.m. “These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation," she said.
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