Regions Southwest
Dallas-Fort Work Metroplex Draws Renters
May 6, 2008

Dallas/Fort Worth will remain economically strong this year, according to a first-quarter report by Marcus & Millichap Real Estate Investment Brokerage Co. Driven by business expansion and corporate relocations, local employers are anticipated to create 35,000 new jobs this year. Following are some of the most significant aspects of the Dallas/Fort Worth findings: the rate of employment growth will increase of 1.4 percent; developers are expected to expand for-rent inventory in the Metroplex by 1.5 percent this year with the addition of 8,000 units; vacancy is forecast to end the year at 6.4 percent; asking rents are projected to reach $788 for apartments per month by year end, while effective rents will climb to $721 per month, annual gains of 3.3 percent and 3 percent, respectively.

 
Recent Southwest Headlines
ProLogis to Increase Presence in Fort Worth with New 2MSF Park
May 16, 2008
Later this year, Denver-headquartered ProLogis will commence development of ProLogis Park Fort Worth on a 130-acre site in the North Fort Worth submarket. At full build-out the industrial complex will encompass seven structures containing a total of 2.1 million square feet of distribution space.
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
May 16, 2008
BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million.
801 Travis Goddard Sells Houston Building, Puts Another on Market
May 16, 2008
Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.
Firm Renews and Expands Lease to Occupy Entire 300,000SF Energy Corridor Building
May 16, 2008
The Shaw Group Inc. will stay put at 1430 Enclave Parkway now that it has renewed its lease with property owner Piedmont Office Realty Trust.
$1B M Vegas Resort to Cater to Thriving Mid-Size Event Market
May 15, 2008
Developers of the planned $1 billion M Resort, Spa & Casino in Las Vegas recently revealed new project details designed to address the city's dearth of conference facilities that accommodate small and mid-sized meetings and events.