Dallas Fort Worth Urban Forum

Corporate Relocations/Expansions

DPatel304
Posts: 1992
Joined: 19 Oct 2016 18:49
Location: Turtle Creek

Re: Corporate Relocations/Expansions

Postby DPatel304 » 19 Nov 2020 09:37

As the economy starts to really get back on track in 2021, I have a feeling we'll be seeing a lot more relocations to Texas and the DFW area.

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tamtagon
Site Admin
Posts: 1930
Joined: 16 Oct 2016 12:04

Re: Corporate Relocations/Expansions

Postby tamtagon » 22 Nov 2020 07:41

https://www.dallasnews.com/business/202 ... s-mansion/

Abbott: Stock exchange coalition ‘impressed’ in visit to Texas Governor’s Mansion

By Dom DiFurio

5:55 PM on Nov 20, 2020 CST
...
The group meeting with Abbott calls itself the Coalition To Prevent the Taxing of Retirement Savings. It includes Nasdaq, CBOE Global Markets, Citadel Securities, data center operator Equinix, IEX, Members Exchange, New York Stock Exchange owner Intercontinental Exchange, TD Ameritrade Holding Corp., Virtu Financial and UBS.
...
Abbott said the exchanges are eyeing Dallas-Fort Worth for a potential move.
...
The state’s abundance of renewable energy, its independent power grid and cheap cost for electricity compared to New Jersey were discussed with the group, Abbott said. Tech giants Facebook and Google have already seized on the Texas power advantage, having invested in large data centers in North Texas recently.


To be clear, these stock exchanges would still be headquartered in New York, it's the electronic trading infrastructure that would relocate... data centers.

Isn't there something about the wiring in the Design District that makes it a very desirable location for heavy users of electricity and speed of electronic transactions?

Rewilding the Trinity River Park will be so much nicer if the powerlines were below ground, so how about we bundle some projects... upgrade the electricity delivery infrastructure (including an array of those fancy new batteries) all through downtown to Regal Row, putting it below grade. The reliable availability of high volume electricity will bring more heavy usering customers like the stock exchanges... removing the powerlines will make the Park that much nicer.

The imitative to bank the renewable energy will incent those kinds of companies to Dallas, too.

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Ace
Posts: 26
Joined: 01 Oct 2020 08:22

Re: Corporate Relocations/Expansions

Postby Ace » 14 Dec 2020 15:09

Why are these relocations to Austin great news for Dallas-Fort Worth? From a distance, the two areas appear to be one in the same. There is a growing symbiosis between Austin and Dallas - Fort Worth just as a symbiotic relationship exists pertaining to the aerospace industry in both Fort Worth and Witchita, Kansas and in areas between them.

Tnexster
Posts: 2801
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Corporate Relocations/Expansions

Postby Tnexster » 28 Dec 2020 09:57

Amid California exodus, will Wells Fargo, Uber or Chevron’s headquarters be next to go?

https://www.bizjournals.com/dallas/news ... or-ch.html

There’s a short list of companies that already seem to have one foot out the door — whether it’s Wells Fargo (NYSE: WFC), with its CEO based in New York, or Chevron (NYSE: CVX) employing more people in Houston than it does in the Bay Area.

The Bay Area’s Fortune 500 companies often reiterate their commitment to the region — until one day unveiling plans to move their headquarters out of state. Such was the case with Irving-based McKesson (NYSE: MCK), which told the San Francisco Business Times on Nov. 8, 2018, that its headquarters is in San Francisco. Three weeks later, McKesson disclosed that its headquarters was headed to Texas.

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maconahey
Posts: 434
Joined: 20 Oct 2016 13:07

Re: Corporate Relocations/Expansions

Postby maconahey » 28 Dec 2020 18:16

Charles Schwab to Officially Move Headquarters to Denton County on Jan. 1

As part of the merger, the combined company’s headquarters would relocate from San Francisco to North Texas.

Schwab’s $100 million campus is located in Westlake at the corner of Highways 170 and 114.

The campus covers 500,000 square feet on more than 70 acres of land.

The Schwab campus, which covers 500,000 square feet on more than 70 acres of land, will be located in Hillwood’s Circle T Ranch development.



https://www.nbcdfw.com/news/local/charl ... 1/2514658/

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Tivo_Kenevil
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Joined: 20 Oct 2016 12:24

Re: Corporate Relocations/Expansions

Postby Tivo_Kenevil » 05 Jan 2021 20:15

From SF to Denton. What a shift.

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Kelley USA
Posts: 670
Joined: 27 Oct 2016 12:46

Re: Corporate Relocations/Expansions

Postby Kelley USA » 06 Jan 2021 11:08

I've driven by the new HQ a number of times... It's actually a pretty impressive campus that they've built! Not sure the location is attractive for young working professionals, but for employees relocating with families it's pretty solid. I think Westlake, Southlake, Colleyville & Grapevine all have a lot to offer for those moving down from SF.

Tnexster
Posts: 2801
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Corporate Relocations/Expansions

Postby Tnexster » 06 Jan 2021 11:40

Exclusive: Another real estate firm relocates headquarters from Los Angeles to Dallas

https://www.bizjournals.com/dallas/news ... ation.html

A fast-growing real estate firm focused on multifamily investment is relocating its corporate headquarters to Dallas from Los Angeles.

Lion Real Estate Group LLC, which has about 150 employees and $1 billion in assets under management, is moving its headquarters into office space at 3811 Turtle Creek Blvd., the company’s co-founders said in an exclusive interview with the Dallas Business Journal on Tuesday.

The company will keep its Los Angeles office to support West Coast operations.


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