Commercial property giant CBRE is shifting its headquarters to Dallas

The country’s largest commercial real estate firm – CBRE Group – is trading its California address for a new headquarters in Dallas.

The international property firm with more than 100,000 employees and more than 530 offices is planning to shift its head office to North Texas.

However, the move is not expected to involve the transfer of a significant number of jobs.

CBRE officials wouldn’t confirm the relocation.

But an announcement is expected tomorrow when the company discloses its quarterly earnings.

CEO Robert Sulentic already has his office in Dallas on McKinney Avenue. He has been splitting his time between Dallas and LA.

One of CBRE’s largest divisions – developer Trammell Crow Co. – is based here. Sulentic was previously CEO of Crow Co.

The Fortune 500 company with more almost $24 billion a year in revenues has a big presence in in the Dallas-Fort Worth area handling real estate

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Apartments in McKinney and an office building in southwest Dallas were among latest property sales

Sales

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Dallas-based Conti Organization has acquired Rustic of McKinney, a 260-unit apartment complex located at 2700 N Brook Drive in McKinney. The acquisition increases the company’s current Texas portfolio to 32 properties with more than 9,000 apartment units. Taylor Hill, Michael Ware, Jay Gunn, Tom Burns, and Will Jarnagin with Berkadia handled the sale.

Industrial Fabrics Inc. has purchased a 40,100 square-foot industrial building located at 3420 Dalworth Street in Arlington. Blake Wilson with Herrin Real Estate brokered the sale with Michael Stanzel with NAI Robert Lynn.

Houston-based Realty.com has purchase an office building in southwest Dallas. The four-story, 63,000 square-foot office building is at 5787 S. Hampton Rd. in Dallas. The Dallas building was acquired as part of a larger purchase from Oxley Leasing.

Hjjr Inc. purchased 3.5 acres of land in the Mira Lagos community on Joe Pool Lake in Grand Prairie. Demian P. Salmon with

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New North Dallas community planned for 21 homes

An Arizona-based homebuilder has purchased a North Dallas development site with plans to build a new urban community.

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Darling Homes, a subsidiary of Taylor Morrison Corp., has acquired more than six acres on Vanguard Way south of Forest Lane in Dallas.

The vacant property is just east of U.S. Highway 75, adjacent to the Urban Reserve neighborhood.

Darling Homes plans to build 21 houses in a project it calls Enclave at Vanguard Way. The one and two-story houses will range from 3,000 to 4,000 square feet.

“This is a rare infill opportunity,” Keith Hurand, Dallas Division President for Darling Homes, said in a statement. “This location allows homebuyers to not only build on an oversized lot but also to be inside the loop in a highly desirable Richardson submarket with a prestigious Dallas address.

“Enclave at Vanguard Way offers one of the few opportunities in Dallas to build

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Dallas is 2020’s top commercial real estate market

Even with the pandemic, Dallas is leading the country in commercial real estate deals.

North Texas topped much larger markets – including Los Angeles and Manhattan – as the U.S. metro area with the largest volume of commercial property transactions, according to a just released report from Real Capital Analytics.

Almost $12.8 billion in real estate acquisitions in the Dallas area were recorded through September.

“Dallas sits at the top of the leader board for deal volume in the first nine months of the year,” analysts with the respected research firm said. “Normally, Manhattan would occupy the #1 slot.”

Houston ranked ninth with about $5.5 billion in transactions.

Dallas was in third place for property purchases in Real Capital Analytics’ 2019 comparison, behind LA and Manhattan.

North Texas rocketed to the top of the list this year for the first time because of some huge property purchases in the first

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Dallas County leads in home price gains

With home sales surging across North Texas, Dallas County leads the area in home price gains.



a stop sign in front of a house: More than 11,400 North Texas homes sold in September.


© G.J. McCARTHY/Staff Photographer/The Dallas Morning News/TNS
More than 11,400 North Texas homes sold in September.

Median home sales prices in Dallas County were up more than 16% last month from a year earlier, according to a new report from the MetroTex Association of Realtors.

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Prices for all of North Texas were 10% higher than in September 2019.

Median home prices were the entire area are near-record highs at $291,000.

The highest home prices in the Dallas-Fort Worth area are in Collin County, where the median was at $364,220 last month.

Tarrant County, which has the lowest overall housing costs, led the area in total sales last month with more than 2,800 houses sold by real estate agents.

The largest year-over-year rise in home sales was in Denton County, where purchases were

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