Just speculation, of course; but I figure it's worth tossing out there.
Just speculation, of course; but I figure it's worth tossing out there.
I had not considered it, but that direction makes the most sense, if GSA has space in Dallas City or northern suburbs. Refurbishing a private building or moving into Class A space would be a waste.Originally Posted by txdore
WFAA: Workers say 3,500 jobs at Vought aircraft plant could be lost
LTV/Northrop Grumman/Vought and now known as Triumph Aerostructures is currently building a new facility in Red Oak that will employ about 200 people. Not really positive news and this employer will be downsizing significantly within the next 5 years.Vought Aircraft Industries, which employs an estimated 3,500, has been leasing a 314-acre aircraft manufacturing plant since 1949. The plant is now leased by Triumph, and has made wing parts for Boeing, Gulfstream and some of the largest planes flown by the U.S. military. Four years ago, the U.S. Navy, which leases to the plant to Vought, decided to sell the plant.
UAW Local 848 officials tell News 8 it was bought by a local investor, Stuart Jones, for practically pennies -- $357,000.
Why so little? They say it's because Jones has agreed to spend additional millions to clean up an environmental mess on site, and in nearby Mountain Creek Lake.
Union officials also say Jones plans on nearly tripling the rent, which would force Triumph to close the plant
Tennessee firm expanding operations west of downtown Dallas
by Steve Brown, DMN
Sep. 19, 2012
A Tennessee logistics company is significantly expanding its operations just west of downtown Dallas.
Ozburn-Hessey Logistics has leased an additional 200,000 square feet of industrial space at 3700 Pinnacle Point Drive.
ďOHLís overall presence at Pinnacle Park is now at 1.13 Million square feet and this expansion will provide them with room to expand its operations and better serve its growing client base,Ē said Ann Huntington, a senior vice president with CBRE Group who negotiated the lease.
OHL operates more than 130 distribution centers around the country.
CBRE Group negotiated the new lease with landlord representative Hillwood Investment Properties.
WSJ had a good article on how mismanaged the typical data center is. Evidently the industry has no innovative ideas on managing the storage in these places other than build more. Every analysis indicates that much of the storage is wasted, well over 50 per cent., probably higher. Wasted means server not accessed for several months. Everyone in industry is terrified of downtime, supposedly a career killer. More efficient data management now requires increased risk. It is safer to order more servers. Server farms now use up several per cent of the national grid and that share will increase. By current process, that usage will only grow. It can never decrease.
I mention it because the current profile is likely short term. Eventually we will get a process that effectively consolidates this data and requirements for space and hardware could drop quickly. People on this forum complain about Walmart leaving an area with a huge building unoccupied. These data centers likely have no other use except as data centers. if you want to see an ugly, single purpose building, check out a data center. Hopefully developers are utilizing existing ugly buildings, not building new ugly buildings.
In this companion blog, Steve Brown gets more specific to South Dallas County, which appears to be the next hot spot:Don’t look now Dallas but there’s an industrial building boom
By Steve Brown
October 4, 2012
...Dallas-Fort Worth has only about a 10 percent industrial vacancy rate, so if companies want large new distribution centers they are going to have to build.
That’s just fine with developers and brokers who have been twiddling their thumbs waiting for the market to come back.
“It’s what we’ve all been looking for and now we have got it,” says veteran Dallas industrial broker Terry Darrow with Jones Lang Lasalle.
Now's a good time for some of that rare regional cooperation. The Interstate-hugging geography of the booming warehousing industry needs thoughtful, long-range planning to ensure residential quality of life may increase in tandem with increased operational efficiency and capacity for product logistics.South Dallas County’s I-20 corridor sees boom in industrial market
By STEVE BROWN
04 October 2012
...Developers and brokers are betting that south Dallas County will see a steady stream of industrial projects for the next few years. “That southern sector is going to be a very busy spot,” said Jeff Turner, regional executive vice president for Indiana-based Duke Realty. “You are going to see some very large boxes built south.”
...So far this year, expanding or relocating businesses have occupied more than 1.6 million square feet of warehouse space in the I-20 and southern I-45 corridors, according to commercial property firm Cushman & Wakefield.
...“That’s why we are investing sign money in infrastructure and getting sites shovel-ready,” Zavitkovsky said. “I think we’ll continue to see a lot of action there.” And there’s no doubt that when a couple of big industrial deals land in a certain area of town, more large companies start looking at potential projects in the same neighborhood, he said. “People get comfortable when other people have already done the due diligence,” Zavitkovsky said. “Our phones I wouldn’t say have been ringing off the hook, but we have been very busy.”
Interesting article... Somewhat conflicts with what Tucy had just posted about the flight from Freeport/Coppell area. A vast majority of that area is Light Industrial/Distribution Center type. I'm curious how much the DFW connector project is responsible for their increased vacancy... Particularly at a time of demand for this type of property.
Now we've seen the front yard pictures. So. New idea: BBVA built a dynamic Innovation Center enfronting a public square in Madrid; let's try to attract BBVA by pitching not just an office tenancy but a Western Hemisphere's Innovation Center here. Build shell spaces for creative groups into the interior of the block's "back yard", and make it a northern pivot point of the Arts District.
Banks are rapidly consolidating space and enforcing processes that every day reduce the number of people that would need to be in a HQ. Other than for a small regional bank, I do not know if banks still have a classic HQ. Most still have gigantic buildings that to outsiders look like HQs, but real staff functions and exec leadership are spread around the world. Few have any intentions to build another giant building that creates a burden to fill it.
In contrast, I do not know why non-financial firms like Google, Apple, and Facebook are in their palace building phase. No good reason exists to keep those employees centralized in some of the most expensive real estate in the country. I assume they would claim proximity for teambuilding or other boilerplate reason. I would guess 90 per cent of interactions are on the network. Physical proximity probably matters little. Also, for firms that have global pretensions, you would think they would have big pockets of employees around the globe.
Serendipitous conversations, creative thoughts, quicker troubleshooting, sales force Rolodex mingling.... these are some intangible examples that will make a business more successful that only happen in a centralized office. These are also examples of why conventions, trade show, industry meetings will never go away despite advancements in tele-conference-anything.
Just wanted to share my experience in this space. Though, I will agree this model is the exception, not the norm. I have been contacted by Google, Amazon, Microsoft and many other large tech companies and they all want me to move to their central campus. Some of the recruiters even know me by now - in fact, the latest contact asked the question, "I understand relocation has been an issue for you. Is that still the case?"... to which my reply was, "Relocation has never been an issue. If you are willing to relocate the position, I'm willing to talk." The recruiter got a good chuckle out of that one.
Sorry for the double post - but I would also add that a friend has recently relocated to the Bay Area from DFW. His evaluation of the Bay market is interesting. While the job market there is white-hot and people hop from company to company like it is the late 90's, he said the talent pool there, while larger than DFW, is certainly no more experienced or competent.
I obviously have a vested interest in saying this, but being as neutral as I can be, I think the tech industry needs to take a serious look at their overly centralized model and at the talent pool in DFW. There is a huge opportunity for tech to increase it's footprint in DFW and get talent that is just-as-good as in their backyard while at the same time lower their operating expenses.
This article is from July '12, but it seems like we should hear something about the site selection soon, maybe in the next couple months...? if the office is supposed to be open by 2014, they'll need a month or two to get the place ready...?
I really hope the mayor was successful helping to get the patent office branch in downtown Dallas.By DAVE MICHAELS
02 July 2012
...The regional patent office may also become a magnet for new business activity, Bill Sproull, president and chief executive of the Metroplex Technology Business Council, said. “I think you will see more corporate R&D centers, more entrepreneurs, more research and more patent attorneys locating around these patent offices,”
Dallas Mayor Mike Rawlings has pitched them on locating in downtown...
2011 rankings). And I know Verizon has major office in Irving. CVS Caremark is out there too. Add to that, all the insurance and energy companies with D/FW offices. I'd even be willing to grant poetic license to the term "Fortune 20" and concede he means a "very big company."
Or this could all be very silly. And he did a very poor job of "concealing" ExxonMobil.
In any case, I'm not too worried about it.
neatNew patent office picks downtown Dallas building for its home
By Steve Brown
November 29, 2012
The new U.S. patent office will locate in the Terminal Annex building on Houston Street ... will occupy about 45,000 square feet ... located next to Union Station
... said John Crawford, “This will attract a number of professionals in the hiring process and will attract a number of large and small companies to Downtown as they work with the new office.”
Maybe it's not a big deal like the Federal Reserve choosing Dallas, but hopefully this will make the West End and Victory Park (especially the new tower) more attractive to patent law firms.
Last edited by lakewoodhobo; 29 November 2012 at 02:40 PM.
Report: D-FW among 3 U.S. areas to recover fully from recession
Output per capita, which measures standard of living, fell 6.1 percent in North Texas during the worst year of the crisis. Employment dropped 3.7 percent in 2009, according to Brookings’ report, which tracked growth in the world’s 300 largest metropolitan economies.
North Texas has stormed back to its pre-recession peak on both measures. Austin and Houston have reached their pre-recession employment levels but haven’t fully recovered in terms of standard of living, Brookings found.
San Antonio has seen employment grow since the recession. But output per capita has fallen, indicating the area is in a partial recession, Brookings said.
It seems that this was the most appropriate thread for this. (Mods, feel free to move it if not) I applaud his frankness considering the audience!
In scorching speech to city’s developers, former Trammell Crow chief decries rising inequality, demands outreach to city’s poor
In a wide-ranging and sometimes discomforting speech at the Dallas Country Club this morning, legendary Dallas developer J. McDonald Williams spoke out about rising inequality in Dallas and the critical need for the city to reach out to its poorest and build up its declining communities.
Shlachter & Co.: Is Flextronics coming to Alliance?
by Barry Shlachter
We're just a little more than curious about a filing that points to Flextronics, a huge Singapore-based electronics manufacturing firm, moving into a facility at Alliance in north Fort Worth that no one seems to want to talk about.
The government filing states that $3.3 million worth of renovations -- an interior finish-out of about 470,000 square feet of space -- will be done for the company at a facility at 5650 Alliance Gateway Freeway by Hillwood Properties, which owns the building. The work is to be completed by July.
...Flextronics has hundreds of jobs for Fort Worth advertised on two online job sites as well as its own website. One listing popped up through Aerotek, a recruiting and staffing services firm, which this past Saturday held a job fair for an unnamed Fortune 500 manufacturing firm looking to fill 1,000 jobs in the next couple of months in Fort Worth.
Flextronics said it helps customers design, build, ship and service electronics products through a network of facilities in more than 30 countries on four continents...
Read more here: http://www.star-telegram.com/2013/04...#storylink=cpy
Anyone have an educated guess on what these type of jobs would pay?
Kohlís planning major office operation in Far North Dallas
http://bizbeatblog.dallasnews.com/20...h-dallas.html/Nationwide retailer Kohlís Corp. is planning a relocation of office workers to the Dallas area.
The Wisconsin-based department store chain has signed a letter of intent to lease two empty office buildings in Far North Dallas where it plans to locate hundreds of employees in an operation that will be new to North Texas, real estate brokers and economic development sources say.
A Kohlís spokeswoman said Tuesday that the office space is not for the companyís corporate headquarters. But she would not elaborate further about the potential use of the property.
Kohlís is renting the 230,000-square-foot Waterview Place office buildings, which are located just south of State Highway 190. The two, 3-story buildings are adjacent to the University of Texas at Dallas campus.
Main Street Dallas County (Central Expressway) has really been busy.
The mediator between the head and the hands must be the heart.
Home Depot is opening a new IT office in Irving that will employ 130 engineers
Later this month, Home Depot is opening a new IT office here.
The office will be in Irving. It will employ 80 IT engineers initially and ramp up to about 130 next year, said Home Depot spokesman Stephen Holmes.
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