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Showing posts from April, 2018

DFW Commercial RE Market Update

JPI and Bridgeview Real Estate are developing a $74M, 409-unit multifamily community in Farmers Branch.  Jefferson Alpha West The project has $16M in financing from a partnership between Buchanan Street Partners and CarVal Investors. The new development will rest in Bridgeview Real Estate’s Jefferson Alpha West, a more than 480K SF mixed-use development near the Galleria.   Stan Johnson Co. opened its Dallas office. Chris Adams and Reed Hudson will run the Dallas office. Prior to joining Stan Johnson Co. Adams worked for Marcus & Millichap. Hudson is joining the Dallas branch by way of Stan Johnson Co.’s Houston office. Courtesy of Weitzman 711 Elm SALES A local investment group purchased 711 Elm St. from a Dallas-based limited partnership. The sale includes the five-story building, 137 parking spaces in a multilevel garage and 7,200 SF of street-level retail space. Weitzman’s Matthew Rosenfeld, Mike Allen and Kevin Butkus represented the seller.    Driversselect purchased a 7…

North Texas Home Starts

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Economic Development Statutes & Codes

Following are links to statutes and codes that authorize or regulate Economic Development organizations and activities.Texas Tax Code·Chapter 311: Tax Increment Financing
·Chapter 312: Property Redevelopment and Tax Abatement
·Chapter 313: Economic Development Act – ISD Value Limitations and Credits
oValue Limitation and Tax Credits – Tx Comptroller’s Office
oUnderstanding Chapter 313 – TTARA
·Chapter 351: Municipal Hotel Occupancy Tax
oTHLA – HOT Overview for Municipalities·Section 11.251: Freeport Exemption
·Section 11.253: Goods in Transit Exemption
oFreeport and Goods in Transit Exemptions – Tx Comptroller’s Office
Texas Government Code·Chapter 2256: Public Funds Investment Act
·Chapter 2303: Enterprise Zones
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