Author: Younger Partners

Bisnow’s New Construction and Development Summit

Billingsley SVP investments and build-to-suits Marijke Lantz (far right, with Pegasus Ablon asset management VP Mark Roppolo and Younger Partners partner Moody Younger) says Billingsley’s 1,000-acre Cypress Waters project at LBJ and Belt Line opened 675 multifamily units (that were pre-leased) and has three buildings under construction, one with a HQ company, one spec, and activity is so strong that the firm is following up with another spec building. Her advice to people entering real estate world: Learn new things and learn all sides of the business to help your clients. Having a good reputation for being ethical and moral will benefit you throughout your career.

Dallas News: Fashion retailer J. Hilburn leases a north Dallas HQ

Men’s fashion retailer J. Hilburn has rented space in a North Dallas office tower for its home office. The company leased 26,000 square feet in the Park Central 3 building on LBJ Freeway.

Brant Landry of E. Smith Realty Partners negotiated the lease with Nora Hogan, Robert Deptula and Natalie Snyder of Transwestern and Kathy Permenter and Sean Dalton with Younger Partners.  J. Hilburn is currently located at 2601 W. Mockingbird Lane in Dallas.

“Park Central 3 is allowing J. Hilburn to take the next step in our company growth plan,” said co-founder Veeral Rathod. “Our new corporate headquarters provides a cohesive work environment and an efficient layout.”  Complete article.

Dallas Business Journal – September 5, 2013 – Billingsley to begin work on ReachLocal office building

Dallas-based development firm Billingsley Co. will begin construction on its latest office project in Plano by the end of the month.
Once developed, the 180,000-square-foot, three-story building at 6111 W. Plano Pkwy. will serve as the regional offices for Woodland Hills, Calif.-based online marketing firm ReachLocal Inc., which currently operates from the International Business Park.
Complete article

D Real Estate Daily: Carter Crow Joins Younger Partners

Younger Partners has tapped Carter Crow to help the company grow its industrial real estate services business. He’ll bring with him 1.2 million square feet of leasing assignments to the company, including Billingsley Co.’s Turnpike portfolio. Full article

DallasNews BizBeatBlog – Dallas real estate firm expands industrial operations

Dallas commercial real estate company Younger Partners is expanding its industrial property operations with the addition of a new exec.

Carter T. Crow has joined the firm as a managing partner charged with growing the company’s warehouse business.  Full Article

Insight: Quick Stats – GDP

According to the final estimate from the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) in the U.S. grew at an annualized rate of 1.8 percent during the first quarter of 2013, a downward revision from the prior estimate of 2.4 percent annual growth. In comparison, real GDP growth was was a very weak 0.4 percent in the fourth quarter of 2012. Growth in real GDP during the first quarter of 2013 was tempered by government spending which contracted at an 8.7 percent annual rate and consumer spending which grew at a tepid 2.4 percent annual rate.

The Federal Reserve Bank of Dallas expects modest to moderate economic growth through the remainder of the year as employment growth is projected to accelerate to an annualized rate between 1.8 and 2.2 percent during the second half of 2013, while inflation is forecast in the range of 1.5 to 2 percent over the next year. As of June 2013, the Federal Reserve Board Members and Federal Reserve Bank Presidents projected the change in real GDP for 2013 would be in the range of 2.0 to 2.6 percent.
Fortunately, we live in Texas which accounted for 9 percent of the the total U.S. GDP in 2012 and should continue to garner a large portion of future gains in total U.S. economic growth. Although the largest share of Texas’ annual growth in 2012 GDP (1.38 percent) occurred in the mining, logging and construction sector resulting from the boom in energy-related businesses, the Texas economy is diversified with a highly educated workforce and relatively low business costs that position the state for sustained economic expansion. The Texas Comptroller of Public Accounts expects Texas to achieve 3.4 percent annual growth in GDP in 2013, much stronger than the 2 to 2.6 percent growth anticipated for the U.S., led by gains in the Professional and Business Services, Trade, Transportation and Utilities, and Manufacturing sectors.

Insight: Quick Stats – Texas Economic Analysis

All the world’s a stage, but if Texas were a country where would it rank on the global stage? One measure of comparison is the Gross Domestic Product (GDP) or total output of goods and services produced by a country or, in this case, Texas. According to statistics just released by the Bureau of Economic Analysis, the GDP produced by Texas in 2012 totaled $1,397,369 million and would rank 13th in the world, behind Canada and Spain but ahead of Australia and Mexico.

University of Oklahoma’s 2013 Regents’ Alumni Award Honoree – Trae Anderson

Presented by the OU Board of Regents and OU Alumni Association, the Regents’ Alumni Award honors the important roles of OU alumni and supporters to the life of the university. A committee formed by the Alumni Association selects the award recipients from nominations made by alumni, friends, and OU faculty and staff. Each year’s recipients receive a plaque and their names are engraved on a permanent plaque in Oklahoma Memorial Union.

Trae Anderson has provided leadership to the OU Club of Dallas Board since 1999. In addition to 14 years of service on the club’s Board of Directors, he also has twice served two-year terms as president. As president, his goal was to keep the OU standard high above others in the North Texas area. Anderson embodies the Sooner Spirit, from helping with student recruitment, and the newly established Beat Texas Lunch, and the annual Sooner Club Caravan, to supporting University Development or rolling up his sleeves to set up tables at game day watch parties, he lives and breathes Sooner. His dedication to scholarship fundraising led the board to gifts of some $300,000 during his presidencies.

His first chaired event, “The Really Really Big Best Texas Party,” was focused on encouraging participation of younger alumni. As chair of the event from 1999 to 2004, the event generated more than $280,000.

Anderson’s creativity and dedication to OU is contagious to others on the board. As a leader, he embraced change and favored new ideas, even if they were not his own. To foster relationships with younger alumni, Anderson spearheaded an effort within the leadership of the OU Club of Dallas to involve and encourage new leadership through term limits. The result was a revitalized leadership in which no current board member has served more than eight consecutive years. The OU Club of Dallas provides the most volunteer and financial support of any OU Alumni Club. The achievements of the club, which celebrates its 65th anniversary this year, have been made possible by the tireless leadership of alumni like Anderson, who is a 1994 graduate with a Bachelor of Arts in Public Relations and a minor in History.

Trae currently serves as a Principal at Younger Partners, a top-rated Dallas Based Commercial Real Estate Firm.

Insight: DFW Office Market – Sublease Space Update May 2013

As office market conditions continue to tighten in North Texas, what is happening to the region’s sublease space? Are there opportunities for companies seeking low-cost space and, if so, where are these leasing options located? Continue reading Insight: DFW Office Market – Sublease Space Update May 2013

RealPoints: Spec Office in the Works at Billingsley Co.’s Cypress Waters

Younger Partners will handle leasing for the new office facility, as well as build-to-suit projects. Moody Younger said market conditions favor the Cypress Waters development, and cited the project’s freeway access, proximity to Dallas/Fort Worth International Airport, and amenities like a 362-acre lake as key lures.

“There are limited big-block vacancies, and transaction momentum increases daily,” he said. “I expect this combination to result in rapid lease-up.”

Full Article: RealPoints – Spec Office in the Works At Billingsley Co.’s Cypress Waters

Insight: Consumer Spending Rises Amid Signs of Optimism March 2013

Consumer spending has rebounded since the end of the last recession with the latest estimates released by the US Bureau of Economic Analysis (BEA) showing that personal consumption expenditures (PCE) increased $18.2 billion, or 0.2 percent, in January 2013. While consumers pulled back on purchases of durable goods in January, expenditures on services increased by $27.9 billion, or 0.4 percent. Consumer spending accounts for roughly 70 percent of GDP in the US.

Download Full Article – Insights: Consumer Spending Rises March 2013

 

Dallas Morning News: Two Arts Plaza: Moody Younger and Kathy Permenter hired to market Two Arts Plaza

“It’s going to be a fun project to work on,” Younger said. “The business signage opportunities and the visibility on Woodall Rodgers and in the Arts District are second to none.”  See the full article.

Dallas Business Journal – DFW leasing brokers stung by moves in-house

There are three reasons why property owners decide to bring their building leasing and

management in-house, said Moody Younger of Younger Partners. Those reasons include saving

money on broker’s fees, increasing the attention on the property and the desire to create a brand

for the building, he said.

“I think this is cyclical,” Younger said. “It happened in the mid-90s and it’s happening now. Part of

that is that there’s been so much growth and consolidation in the service area and it has become

commoditized. Some of that is the industry’s fault.”

There’s a perception from property owners that brokers are spread too thin, or are not focused on

their properties — something the industry has to change, said Kathy Permenter of Younger

Partners. That perception is fueled by some brokerage firms that own competing properties, she

said.

“We haven’t lost assignments, but as far as the third-party portfolio in the market, it’s been

decreasing as property owners go in-house,” Permenter said. “It will come back around.” Full Article – Dallas Business Journal, DFW leasing brokers stung by moves in house

NTCAR 2012 Young Citizen Award Finalist – Sean Dalton, Younger Partners

Congratulations to Sean Dalton of Younger Partners named one of four finalists for NTCAR’s 2012 Young Citizen Award.   NTCAR’s Young Citizen Award recognizes an outstanding young professional who, through industry participation, volunteerism, and charity “contribute to the betterment of the commercial real estate community and society as a hole.”  RealPoints – NTCAR Names Stemmons Service Award and Young Citizen Award Finalists for 2012