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How to Pick the Best Apartment in North Dallas

Looking for the best apartment in North Dallas? Selecting the right apartment in North Dallas is confusing and challenging. You must do a thorough research, especially if you want to pick the right apartment.

People, who live in apartments they cannot afford, are not happy. They have a problem paying their rent. You do not have to live in an expensive apartment. why? Because there are affordable apartments in North Dallas.

If you want to pick the right apartment in North Dallas, follow the following tips.

Real Estate Agents

Look for reputable real estate agents in North Dallas. They have sold several properties in this area. So, they know where you can find the best apartments.

Look for trustworthy agents. They will help you. Why? Because they get some of their clients from referrals. So, they help people find the right property. If you are happy with the apartment, you will definitely refer some of your friends to that agent.

Do not use real estate agents you do not know or trust. Untrustworthy real estate agents do not care if you find the right apartment. They just want to make the sale. They are good at convincing people to buy a property.

They may convince you to select a wrong apartment.

Real Estate Companies

Secondly, real estate companies can help you find the best apartments. Top real estate companies in North Dallas have the best apartments in this area. They have built several apartments.

In fact, it is easy to find their apartments. A lot of people live in these apartments. And most of their apartments are conveniently located.

Visit their offices. Ask them if they have apartments on the market right now. They will show you apartments that are on sale. If you like these apartments, buy one of them.

You will never regret buying an apartment from a top real estate company.

The Internet

Real estate investors use the internet to promote their apartments. They have websites and blogs. They post their apartments on their websites. Go through these websites, especially if you are serious about finding the right apartment.

You can even perform a simple search on your favorite search engine. You will find several apartments in North Dallas online.

The mistake that most people make is they rent or buy an apartment they have not visited. They do not know how the apartment looks like. So, they end up selling the apartment after a few months.

Visit every apartment you want to buy.

Inspect the Apartment

Once you have a list of several apartments, it is now time to inspect them. There are so many things you may not realize when you visit the apartment.

For example, you will not know if there is a problem with electrical wiring.

Inspecting the apartment will save you a lot of money. You will never buy an apartment that needs repair. And you will never spend a lot of money on unnecessary repairs.

These are the best ways for picking the best apartment in North Dallas. Check out several apartments in this location if you want to make an informed decision.

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Amazon’s battle in Seattle over homeless tax highlights Dallas’ growing problem as HQ2 decision looms – Dallas Business Journal

amazon

Amazon’s spat with the city of Seattle over a job tax on big employers to raise money to purportedly ease homelessness raises questions about the ramifications if the e-commerce goliath were to choose Dallas for its HQ2.

Amazon (Nasdaq: AMZN) had halted plans to build a 17-story tower at its headquarters after the Seattle City Council seemed set on imposing a $500-per-employee tax on the city’s biggest employers. Construction resumed on the tower last week after Seattle reached a compromise for a tax of about $275 per full-time employee.

By that time, however, tempers had flared by people on both sides of the tax, calling attention to the relationship between Amazon and its hometown, and raising questions about what responsibility, if any, Amazon bears for Seattle’s homeless problem.

Dallas, which has a growing homeless problem of its own, is one of 20 metro areas that Amazon shortlisted for what it’s calling its second headquarters, or HQ2. Amazon has said the $5 billion second headquarters will be as big or bigger than its first, employing 50,000 in jobs that pay $100,000 and up.

While most folks in the Dallas business community would consider landing the massive project to be a godsend, others caution that downsides of the deal would include rising traffic congestion and housing costs, among other negatives.

An influx of high-paying jobs creates demand for luxury housing, which encourages developers to build high-cost units instead of affordable units that are required for people experiencing homelessness to recover, said David Woody, president and CEO of The Bridge, a Dallas shelter and homeless assistance center. The center serves about 8,500 people annually.

“Seattle’s problem is worse than ours, but we are catching up to them quickly because of the extreme poverty and lack of affordable housing in Dallas,” Woody said in an email response to questions from the Dallas Business Journal.

The DBJ focused on poverty, homelessness and a growing income gap in this week’s cover story.

Some 4,140 homeless people were counted in Dallas and Collin counties on Jan. 25, 2018, according to data collected by Metro Dallas Homeless Alliance. That’s up from 3,789 in 2017.

In Seattle, the most recent homeless census available was 11,643 people in 2017.

To address the homelessness crisis in Seattle, the city government formed a task force that recommended that employers with annual revenue in excess of $20 million per year be taxed to generate additional revenue to provide affordable housing.

Several companies, including Microsoft and Boeing, criticized the tax. Amazon went so far as to halt construction on a downtown Seattle building that would add about a million square feet of office space and support up to 8,000 new jobs.

Amazon and other large companies should not be viewed as a socially insensitive for their opposition to the tax, said Mike Davis, economist and business strategy professor at Southern Methodist University’s Cox School of Business in Dallas.

Davis called the tactic of taxing employers based on the number of employees and their salaries “economic illiteracy on the part of Seattle.”

“Money is fungible,” Davis said in an interview with the DBJ. “Seattle can take tax money from any source and apply it to anything they want. So to say that somehow you should be happy about this tax because it’s a tax for homeless people is nonsense.”

Davis said he doubts that a tax like the one being imposed in Seattle would fly in Dallas.

“The stereotypical Texas conservative view is, hey, this isn’t a government problem at all, and we should have low taxes because we shouldn’t have to be spending money to do these kind of things,” he said.

North Texas Economic Development Agencies

Ranked by Value of Deals 2016

Rank Agency Value of Deals 2016 1 City of Arlington Office of Economic Development $1.55 billion 2 Grapevine Economic Development $900.00 million 3 Plano Economic Development $675.42 million View This List

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Which one of Dallas downtown’s landmark skyscrapers is up for grabs?

downtown-aerial-5

Staff Photographer

One of downtown Dallas’ most recognizable skyscrapers is up for sale.

It’s hard to miss the 37-story Whitacre Tower with its huge blue AT&T emblems and new nightly light shows.

The Akard Street high-rise since 2008 has been owned by a unit of New York investor Carl Icahn’s property firm.

The almost 1 million square foot tower is the largest building in AT&T’s 4-building downtown headquarters campus.

Icahn Enterprises has hired commercial property firm CBRE to market the office high-rise to potential buyers. The office building has been listed on CBRE’s international property sales website.

AT&T’s global headquarters lease in the property runs through 2030. The sale is expected to bring in at least $250 million.

The telecom giant recently announced plans to spend more than $100 million to upgrade the 4-block area it occupies on the south side of downtown. The company owns the other three large buildings on the property.

Icahn bought the Dallas tower 10 years ago along with other AT&T properties in Atlanta and other markets.

Built in 1982, the Whitacre Tower in downtown Dallas was originally occupied by regional offices for Southwestern Bell.

In 2008 AT&T moved its headquarters from San Antonio to the downtown Dallas campus where it now has more than 6,000 workers.

After looking at several options — including a move to the suburbs — AT&T in 2016 decided to keep its global base downtown and make significant improvements to the campus.

Construction is now underway along Commerce and Akard streets to enhance public and pedestrian areas and add amenities for workers in the complex.

CBRE is advertising the AT&T tower for sale to investors on its marketing website.

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Donald Trump Jr. forms venture with Dallas money manager who raised millions for father’s campaign

AP

Donald Trump Jr. has a previously undisclosed business relationship with a Dallas businessman who helped raise millions of dollars for his father’s 2016 presidential campaign and has had special access to top government officials since the election, records obtained by The Associated Press show.

The president’s oldest son and hedge fund manager Gentry Beach have been involved in business deals together dating back to the mid-2000s and recently formed a company, Future Venture LLC, despite past claims by both men that they were just friends, according to previously unreported court records and other documents obtained by AP.

Beach last year met with top National Security Council officials to push a plan that would curb U.S. sanctions in Venezuela and open up business for U.S. companies in the oil-rich nation.

Ethics experts said their financial entanglements raised questions about whether Beach’s access to government officials and advocacy for policy changes were made possible by the president’s son’s influence — and could also benefit the Trump family’s bottom line.

“This feeds into the same concerns that we’ve had all along: The really fuzzy line between the presidency and the Trumps’ companies,” said Noah Bookbinder, who leads Citizens for Responsibility and Ethics in Washington, a public policy group. “Donald Trump Jr. sort of straddles that line all the time.”

Gentry Beach, left, a fundraiser for then President-elect Donald J. Trump, and his wife Kathryn visited the lobby of Trump International Hotel in Washington, D.C. on Tuesday, January 17, 2017.

Last February, just as Trump Sr. was settling into office, Beach and an Iraqi-American businessman met with top officials at the National Security Council to present their plan for lightening U.S. sanctions in Venezuela in exchange for opening business opportunities for U.S. companies, according to a former U.S. official with direct knowledge of the proposal.

Career foreign policy experts were instructed to take the meetings, first reported last April by the website Mic.com, at the direction of the West Wing because Beach and the businessman were friends of Trump Jr., the official said.

The official, who spoke on condition of anonymity to discuss sensitive government work, said that inside the NSC lawyers raised red flags about the appropriateness of the meeting.

The U.S. didn’t act on the pitch, which would have gone against the president’s hard-line stance on the South American nation and its president, Nicolas Maduro.

Seven months after the Venezuela meetings, Beach attended a private lunch in Dallas between Interior Secretary Ryan Zinke and Republican donors, including businessmen with petroleum interests, according to a copy of Zinke’s schedule.

The Interior Department didn’t respond to a request for comment about the meetings. A White House official said Trump Jr. didn’t arrange Beach’s visit to the NSC and his proposal was dismissed.

In a statement, the Trump Organization said Trump Jr. has never played a role arranging meetings “with anyone at the White House or any other government agency.”

Alan Garten, the Trump Organization’s general counsel, acknowledged that Trump Jr. had invested with Beach in the past, but referred AP to a statement released by the company in April, which said their relationship was “strictly personal.”

In a statement provided by a friend, Beach said it was “absolutely not true” that he’d ever “used my longtime personal friendship with Donald Trump Jr.” to influence government decision making.

According to his friends, Beach, who has known Trump Jr. since they attended the University of Pennsylvania together in the late 1990s, developed his own relationships during the campaign and inauguration and doesn’t need Trump Jr. to broker introductions.

Beach was an avid fundraiser and campaigner for President Trump, particularly in Texas, where Trump Jr. told donors last March that Beach and another longtime hunting pal, Tom Hicks Jr., raised millions for his father’s campaign, The Dallas Morning News reported.

After the election, Beach served as a finance vice chairman for the inaugural committee and faced scrutiny after a nonprofit he started at the time advertised hunting and fishing trips with Trump Jr. and his brother, Eric, to million-dollar donors.

Last October, Beach incorporated a business called Future Venture LLC in Delaware without listing any Trump connection, signing himself as the entity’s agent.

But a disclosure report filed with New York City officials and obtained by AP via a public records request shows Trump Jr. is named as the president, secretary and treasurer of the company.

The purpose of the limited liability company could not be determined from the filings. The Trump Organization said it was set up to pursue technology investments.

Previously unreported court documents show that the two men, each a godfather to one of the other’s sons, did business together well before they formed Future Venture.

In a 2010 deposition, Trump Jr. testified that he had twice made investments in ventures that Beach had an interest in: $200,000 in a dry Texas oil well managed by Beach’s father and an undisclosed amount in a failed mining stock affiliated with Beach’s uncle.

In August 2008, while the two men were golfing together in New York, Beach suggested Trump Jr. sell his shares in the tanking stock “if you need the tax loss,” according to a copy of his testimony filed in a long running civil lawsuit between Beach and a former employer, hedge funder Paul Touradji.

In 2005, Gentry Beach (right) helped his friend Donald Trump, Jr. prepare for Trump’s wedding ceremony at the Mar-a-Lago Club in Palm Beach, Florida.

Beach’s father, Gary Beach, was convicted last month of federal bankruptcy fraud after a seven-day trial in Dallas.

Trump Jr. testified that he had other business discussions with Beach — but not all of them came to fruition, including a plan to buy a hunting preserve in Mexico with Beach.

Trump Jr. also referred Beach to someone he knew from Saudi Arabia when Beach was working on a potential oil purchase and invested $50,000 along with his sister Ivanka in an Argentine resort developed by one of Beach’s friends, he testified.

Trump Jr. estimated he exchanged roughly 500 emails with Beach at the time of his 2010 deposition.

Pressed for details about the oil well deal in his deposition, Trump Jr. indicated he wasn’t well versed in the oil-and-gas business.

“You know, I put some money with a friend,” he testified.

Jake Pearson, The Associated Press

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Dallas apartment construction boom could spur rent relief, expert says

Rent prices are dropping

There is no apartment shortage in Dallas. Rendering courtesy of Greystar

Some price relief appears to be on the way for renters in Dallas-Fort Worth. An explosion of new apartments in the area should help drive down increases in rental rates, according to a real estate analyst.

As of February 21, there were 37,547 apartment units under construction throughout the region, says David Kahn, senior market analyst in DFW for CoStar Group, the parent company of Apartments.com. Among U.S. metro areas, Dallas-Fort Worth ranks second, behind New York City, for the number of apartment units currently being built, Apartments.com data shows.

Not only will the surge in apartment construction mean more choices and more amenities for area renters, but it also will bring some downward pressure on rental rates, according to Kahn. That’s thanks to the stepped-up competition that existing apartments will be facing from new apartments.

Already, growth in DFW rental rates has slowed from about 6 percent in 2015 to 4 percent in 2016, and just under 3 percent in 2017, Kahn says. He expects growth in rental rates to continue declining, especially since a number of local apartment projects in the pipeline haven’t even broken ground yet.

“I wouldn’t say there is an apartment shortage in DFW,” Kahn says. “But in terms of overall housing, since we are building single-family homes at a much lower rate than we have previously and single-family home prices are rising faster than multifamily rents, that pushes many people that would normally buy homes into the renter pool, at least temporarily.”

The demand for more apartments in Dallas-Fort Worth has been driven in large part by the addition of more than 100,000 jobs in the region since 2013, Kahn says. The number of apartment units under construction now in the area represents about 5.5 percent of the existing supply, which Kahn says isn’t an abnormally high percentage.

Kahn says the sections of DFW seeing the most apartment construction include Uptown, Knox-Henderson, East Dallas, West Dallas/Design District, and Northwest Dallas/Medical District, along with Allen, Frisco, McKinney, Plano, and the Addison/Carrollton/Farmers Branch tollway corridor.

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