News & Industry Updates

Read about the latest industry updates, Legacy Alliance news and insights.

Texas real estate developers see potential in El Mercado Plaza (New Mexico)

A long-lasting retail center on the north side of Gallup is now in the hands of a new ownership group that has ideas to reinvigorate it. Legacy Alliance Holdings, a… Read more »

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New Mexico Top Performing State Economy Since Trump Took Office

New Mexico’s economy leads other states in job and wage gains since President Donald Trump’s inauguration in January 2017, according to an analysis of Federal Reserve Bank of Philadelphia data…. Read more »

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Greystar Thinks The World’s Tallest Modular Tower Points The Way To Solving Housing Crises

Greystar is a big believer in modular construction, so much so that it has agreed to buy the world’s tallest modular building. The multifamily and student accommodation giant teamed up… Read more »

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How Smaller Private Real Estate Funds Can Generate Bigger Returns

It’s hard to disrupt the world of big-name private equity real estate funds and their billion-dollar deals. Yet, while celebrated investment firms amass outsize funds and scoop up trophy properties,… Read more »

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A New Home for $90,000? Manufactured Housing Is Making a Comeback

(Bloomberg) — While others walked away from manufactured homes, Don Glisson Jr. stuck around. He’s seen the industry’s ups and downs in his 36 years working at Triad Financial Services,… Read more »

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Dallas’ public housing agency has an offer it hopes real estate developers can’t ignore

Dallas Housing Authority is seeking redevelopment proposals for seven of its properties, including prime real estate in Uptown, Oak Lawn and Oak Cliff. The housing authority is betting that developers can… Read more »

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Frisco’s plan commission gives approval for massive shopping mall and mixed-use project

Frisco’s planning commission has given Chinese developers the go ahead to build a huge shopping and mixed-use development on the north side of the city. The 77-acre Lesso America development… Read more »

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West Dallas residential community near Trinity Groves will bring hundreds of homes

Many of the small homes in the West Dallas neighborhood just south of Singleton Boulevard date to the 1940s and ’50s. Some are even older. But a housing community on… Read more »

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In the last year, hourly wages for Texas construction workers rose almost 12 percent.

In the last year, hourly wages for Texas construction workers rose almost 12 percent. That’s huge — over seven times higher than the increase for all private employees in the… Read more »

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What Are Hedge Funds?

The use of hedge funds in personal financial portfolios has grown dramatically since the start of the 21st century. A hedge fund is basically a fancy name for an investment partnership. It’s… Read more »

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LOIS WEISS: The HQ2 Search Is A Sham. Jeff Bezos Already Knows The Winner

I think the search for Amazon’s HQ2 has been a sham from the start and the other 17 locations on the shortlist might as well fold up, go home and realize… Read more »

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Building Alert: New Multifamily Property To Arrive In Grand Prairie

Trinsic Residential Builders has a 351-unit multifamily community planned at 3651 Grand Prairie Drive in Grand Prairie. The property is valued at $135M and will total 463K SF, according to… Read more »

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Big Developers Roll Out Co-Living Units to Woo Millennials

Numerous startup companies, including WeWork Cos., have launched apartment-sharing businesses that rent out individual rooms rather than entire apartments. Now some traditional real-estate owners are getting in on the act…

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Construction kicks off on huge Deep Ellum mixed-use project

Developers have quietly launched construction of what will be the largest mixed-use project in Dallas’ Deep Ellum district. The Epic development is on the eastern edge of downtown at Elm Street… Read more »

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Trumps’ Treasury Secretary Pick Just Made a MAJOR MOVE on Obama’s Legacy

President-elect Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin, appeared on CNBC’s “Squawk Box,” Wednesday and made it clear that the Dodd-Frank financial legislation will be targeted as part of… Read more »

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The Mega Rich Have Found an Unlikely New Refuge

When Hong Kong-based financier Michael Nock wanted a place to escape in the wake of the 2008 global financial crisis, he looked beyond the traditional havens of the rich to… Read more »

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Info for your next rent rant: Dallas sets record for average monthly rate

Dallas-area apartment renters can’t catch a break. They are on average paying about $60 a month more than they were a year ago and there is no sign of a rent… Read more »

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Redevelopment of shops, apartments in Bishop Arts to transform Oak Cliff intersection

The intersection of Zang Boulevard and Davis Street is already a construction nexus. Extension of the North Oak Cliff streetcar line has turned the crossroads into an obstacle course of orange… Read more »

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$42-million Bishop Arts project to break ground this month

The Nazerian family company expects to break ground on streets and underground utilities for its Bishop Arts project project this month. The project’s first two buildings, on the south corners of… Read more »

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Economic snapshot: Dallas-Fort Worth apartment growth nears record high

More apartments are being built in Dallas-Fort Worth than any market in the country and rents are at an all time high. The question for developers is whether there will… Read more »

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A decade in the making, Lake Highlands Town Center ramps up for construction

A northeast Dallas real estate project that’s been a decade in the making is finally moving ahead. But the next phase of Lake Highlands Town Center on Skillman Street is… Read more »

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Sharp decline in D-FW apartment leasing raises red flag for developers

While North Texas apartment developers are ramping up construction to the highest level in decades, demand for new rental units has slipped. First quarter apartment leasing in the Dallas-Fort Worth area… Read more »

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New towers on the way in Dallas’ booming Design District

Three new towers in the works will change the skyline of Dallas’ Design District. But the ambitious development plans won’t come at the expense of long-time design firm tenants that give… Read more »

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North Texas commercial construction down 33 percent year-to-date

North Texas’ building activity has tumbled in the first five months of the year, with a big drop in new commercial building projects and a smaller decline in residential construction…

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