Dallas-based coworking firm Common Desk is teaming up with another shared office provider that will take over its Oak Cliff location. Common Desk said it has invested in Her.HQ, "a female-focused coworking community and experiential workspace."Her.HQ now operates in a temporary location in downtown Dallas' Arts District. But starting in October the flexible workspace company will take over Common Desk's 4-year-old location on Davis Street in Oak Cliff."We're excited to open our first, permanent space and call Oak Cliff home," Cassi Oesterling, co-founder of Her.HQ, said in a statement. "The building offered so much of what we were looking for - a flood of natural light, plenty of open-air room, and good character."We can't wait to welcome our community and provide them with a comfortable place of empowerment. A space to work, unwind, network and grow."Common Desk - which now has several locations in North Texas - said it has out grown the Oak Cliff location. The X-year-old … [Read more...] about Coworking companies team up to reboot Oak Cliff location
Good news for Dallas-area apartment renters - you're more likely to get freebies to sign that lease. About one in five of Dallas rental communities are offering some kind of concession to bring in business, according to a new study by RealPage.Nationwide, only about 14% of apartment projects are using giveaways to land renters - a 20-year low."After peaking at 65.8% in fourth quarter 2009, the percentage of stabilized apartments in the U.S. offering concessions has been on a steady downward trajectory," according to analysts at RealPage.Apartment deals often include a month's free rent on a lease, gift cards or other enticements.Three of Texas' big city markets are the top places in the country for apartment concessions, according to RealPage. About 35% of Houston apartments are using freebies and in San Antonio 30% of the rental units come with a concession deal. Houston, San Antonio and Dallas have all seen the addition of thousands of new apartments during the last few … [Read more...] about Dallas apartment renters are wooed with giveaways
Developers in Dallas' Uptown district have gotten their second wind and are kicking off a new round of construction. More than a dozen major projects are in the works in Uptown and the surrounding area -- everything from office towers to high-rise apartments, hotels and retail space.Uptown is already Dallas' most pricey property market, with soaring apartment and office rents.The next wave of construction promises to raise the bar for both the size and cost of projects in the works for the area just north of downtown Dallas.Major projects underway or planned in Uptown or nearby locations: … [Read more...] about What’s going on in Uptown
Worries about the world economy and the shaky stock market have given homebuyers a windfall. Home mortgage rates have plunged to near historic lows, making it much cheaper to finance a property purchase.Long-term home interest rates around the country averaged just 3.6% this week — close to historic lows — according to mortgage giant Freddie Mac's surveys.That's down from late last year when mortgages approached the 5% mark and caused a pullback in homebuying.The decline in mortgage costs has cut the payments on a $300,000, long-term home loan by more than $200 a month.Home buys in North Texas have surged by 7%, fueled by the lower mortgage rates."This has been an important shot in the arm for home buyers and sellers," said Frank Nothaft, chief economist at CoreLogic. "Affordability has improved compared with a year ago, and home sales have picked up in most markets. "We expect home sales for the second half of 2019 will be up compared to the same months a year ago," … [Read more...] about Drop in mortgage rates is a boon for homebuyers and refinancing
Don’t call the real estate development company Venn a developer. Its founders prefer “neighboring start-up.” And don’t call the company’s tenants, who are scattered across 20 buildings in the quickly gentrifying Brooklyn neighborhood of Bushwick, renters. They are “members” or “Venners.” “We describe ourselves as a new way of living,” said Or Bokobza, the chief executive, whose goals include ending the displacement of lower-income residents, creating “fair housing” and “changing the narrative” of gentrification. The company compiles reports on its progress, recently announcing a 33 percent drop in loneliness among tenants. In Bushwick, Venners pay as little as $900 a month for a “shared apartment” (essentially a private bedroom with a common kitchen and bathroom) and access to community events, like mixers in the back of a bodega. Fewer companies want to be just developers … [Read more...] about A Gentler Way to Gentrify?