Land

We are now in year seven of an economic recovery and the recovery/growth phase of Dallas’ real estate cycle. Given that the average real estate cycle is seven years in duration, some would take this to mean we are in the ninth inning and a couple of strike-outs away from lights out at the ballpark.

Once again, D CEO will recognize outstanding achievement in the residential real estate sector—in a market that continues to be one of the hottest in the country. Nominations are now open for the awards program, with a deadline of June 24.

When the program works, everyone is happy. Developers get low-cost capital from silent investors who really just want to break even. Investors get those all-important green cards, which provide permanent residency. Those who facilitate the investments get their cuts. And cities benefit from new jobs and tax-generating enterprises and developments.

Transwestern has named Paul Wittorf to replace Jack Eimer as market leader for the firm’s North Texas operations, based in Dallas.

An active, robust economy produces good jobs, good pay, and high occupancies, such as we have seen the last three years. This has produced record compressed capitalization rates at levels not inversely seen since my Great Depression (I986-1990).