Corporate Relocations/Expansions

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 26 May 2022 11:20

cowboyeagle05 wrote:Can we pay them to close the Downtown store and they can move anywhere cause I am all for it at this point? That building is vastly dated and Neimans is still a dinosaur trying to figure out how to be a world fashion icon while being chained to Downtown Dallas(main street district) which is just one small neighborhood among hundreds in Dallas and has fewer fashion-oriented businesses than Knox or West Village. NorthPark and Highland Park Village are way better representations of fashion strength in Dallas. Let them go so Downtown can move forward.


Interesting idea. That makes a lot of sense. Unfortunately, it looks like City Hall is sticking with the fantasy that downtown can be a shopping destination again. We are now paying to keep this dinosaur in place until 2031. :D

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 10 Jun 2022 09:21

Builder FirstSource is leaving Dallas for new headquarters in Las Colinas

One of the few DFW Fortune 500 companies actually based in Dallas, let alone downtown Dallas, has announced it is relocating to Las Colinas. Didn't they get the memo that Dallas would happily pay them to stay?

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 10 Jun 2022 10:28

Tucy wrote:Builder FirstSource is leaving Dallas for new headquarters in Las Colinas

One of the few DFW Fortune 500 companies actually based in Dallas, let alone downtown Dallas, has announced it is relocating to Las Colinas. Didn't they get the memo that Dallas would happily pay them to stay?


Kind of sad that the Goldman Sachs project is pretty much the only thing to hang our hats on for big downtown projects and/or relocations right now, with everything else seemingly delayed, on hold or cancelled.

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Re: Corporate Relocations/Expansions

Postby Tnexster » 10 Jun 2022 12:36

Addison wrote:
Tucy wrote:Builder FirstSource is leaving Dallas for new headquarters in Las Colinas

One of the few DFW Fortune 500 companies actually based in Dallas, let alone downtown Dallas, has announced it is relocating to Las Colinas. Didn't they get the memo that Dallas would happily pay them to stay?


Kind of sad that the Goldman Sachs project is pretty much the only thing to hang our hats on for big downtown projects and/or relocations right now, with everything else seemingly delayed, on hold or cancelled.


There are others, in fact I know of others. They just aren't plastered all over the DMN.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 10 Jun 2022 12:57

Tnexster wrote:
Addison wrote:
Tucy wrote:Builder FirstSource is leaving Dallas for new headquarters in Las Colinas

One of the few DFW Fortune 500 companies actually based in Dallas, let alone downtown Dallas, has announced it is relocating to Las Colinas. Didn't they get the memo that Dallas would happily pay them to stay?


Kind of sad that the Goldman Sachs project is pretty much the only thing to hang our hats on for big downtown projects and/or relocations right now, with everything else seemingly delayed, on hold or cancelled.


There are others, in fact I know of others. They just aren't plastered all over the DMN.


I hope so.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 10 Jun 2022 13:25

Viewpoint: Don't expect some of these jobs-heavy relocations, expansions to bear fruit — for now

https://www.bizjournals.com/dallas/news/2022/06/10/jobs-relocation-expansion-politics-election.html?ana=brss_3129

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Kelley USA
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Re: Corporate Relocations/Expansions

Postby Kelley USA » 14 Jun 2022 11:57

Looks like DFW is gaining another Fortune 500 Company (and so is Irving).

Caterpillar is relocating to Las Colinas. I remember aout a year ago they leased 80sf at Williams Square for a regional operation, but guess they were keeping it under wraps.

https://www.dallasnews.com/business/loc ... to-irving/

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 14 Jun 2022 13:29

Kelley USA wrote:Looks like DFW is gaining another Fortune 500 Company (and so is Irving).

Caterpillar is relocating to Las Colinas. I remember aout a year ago they leased 80sf at Williams Square for a regional operation, but guess they were keeping it under wraps.

https://www.dallasnews.com/business/loc ... to-irving/


This one wasn't on my bingo card. Nice score!

That said, we still need 1 more to catch up with Houstom, because of the Exxon relocation.

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 14 Jun 2022 14:10

Addison wrote:
Kelley USA wrote:Looks like DFW is gaining another Fortune 500 Company (and so is Irving).

Caterpillar is relocating to Las Colinas. I remember aout a year ago they leased 80sf at Williams Square for a regional operation, but guess they were keeping it under wraps.

https://www.dallasnews.com/business/loc ... to-irving/


This one wasn't on my bingo card. Nice score!

That said, we still need 1 more to catch up with Houstom, because of the Exxon relocation.


Counting the Exxon relocation, DFW has (had) 22, so with Caterpillar, 23 Fortune 500 companies.

Again, counting the Exxon relocation, Houston has 25.

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Kelley USA
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Re: Corporate Relocations/Expansions

Postby Kelley USA » 23 Jun 2022 12:27

Allegheny Technologies, now ATI, has relocated their HQ from Pittsburgh to Dallas. They were one of Pittsburgh's largest public companies. They're also a Fortune 1000 company.

https://news.yahoo.com/allegheny-techno ... 56589.html

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 23 Jun 2022 12:54

Kelley USA wrote:Allegheny Technologies, now ATI, has relocated their HQ from Pittsburgh to Dallas. They were one of Pittsburgh's largest public companies. They're also a Fortune 1000 company.

https://news.yahoo.com/allegheny-techno ... 56589.html


We do handily beat Houston with the number of Fortune 1000 companies...

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 23 Jun 2022 14:43

Addison wrote:
Kelley USA wrote:Allegheny Technologies, now ATI, has relocated their HQ from Pittsburgh to Dallas. They were one of Pittsburgh's largest public companies. They're also a Fortune 1000 company.

https://news.yahoo.com/allegheny-techno ... 56589.html


We do handily beat Houston with the number of Fortune 1000 companies...



??? Wish it were true, but I don't think so...

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 23 Jun 2022 16:04

Tucy wrote:
Addison wrote:
Kelley USA wrote:Allegheny Technologies, now ATI, has relocated their HQ from Pittsburgh to Dallas. They were one of Pittsburgh's largest public companies. They're also a Fortune 1000 company.

https://news.yahoo.com/allegheny-techno ... 56589.html


We do handily beat Houston with the number of Fortune 1000 companies...



??? Wish it were true, but I don't think so...


As of 2021, Houston had 39 vs. 45 in DFW...

https://www.houston.org/houston-data/fo ... -companies

https://sayyestodallas.com/jobs/fortune-1000/

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 23 Jun 2022 16:34

Addison wrote:
Tucy wrote:
Addison wrote:
We do handily beat Houston with the number of Fortune 1000 companies...



??? Wish it were true, but I don't think so...


As of 2021, Houston had 39 vs. 45 in DFW...

https://www.houston.org/houston-data/fo ... -companies

https://sayyestodallas.com/jobs/fortune-1000/


As of the 2022 Fortune list, DFW and Houston each have 43 Fortune 1000 companies.

https://fortune.com/fortune500/2022/search/?hqstate=TX

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 23 Jun 2022 17:32

Tucy wrote:
Addison wrote:
Tucy wrote:

??? Wish it were true, but I don't think so...


As of 2021, Houston had 39 vs. 45 in DFW...

https://www.houston.org/houston-data/fo ... -companies

https://sayyestodallas.com/jobs/fortune-1000/


As of the 2022 Fortune list, DFW and Houston each have 43 Fortune 1000 companies.

https://fortune.com/fortune500/2022/search/?hqstate=TX


Technically, it's 44 Dallas to 43 Houston, and that's with including Exxon's relocation & excluding Alleghany (so really it will still be 45 Dallas).

It seems Houston had several of their smaller energy companies join since 2021 with the surge in oil/gas prices

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 24 Jun 2022 11:06

Addison wrote:
Tucy wrote:


As of the 2022 Fortune list, DFW and Houston each have 43 Fortune 1000 companies.

https://fortune.com/fortune500/2022/search/?hqstate=TX


Technically, it's 44 Dallas to 43 Houston,


So, even if your count is correct... it's a bit of a stretch to say we are "handily beating Houston..." ;)

Here's what I see in the 2022 Fortune 1000 for DFW. 43 including ExxonMobil. Who am I missing? BTW, according to the Dallas Morning News, we only have 42. https://www.dallasnews.com/business/loc ... rtune-500/

1. ExxonMobil
2. McKesson
3. AT&T
4. Energy Transfer
5. American Airlines Group
6. D.R. Horton
7. CBRE
8. Bulilders FirstSource
9. Tenet
10. Kimberly Clark
11. Charles Schwab
12. HF Sinclair
13. Texas Instruments
14. Southwest Airlines
15. Pioneer Natural Resources
16. Fluor
17. AECOM
18. Jacobs Engineering
19. Vistra
20. YUM China Holdings
21. Celanese
22. Commercial Metals
23. EnLink Midstream
24. GameStop
25. Globe Life
26. TPG
27. Darling Ingredients
28. Nexstar Media Group
29. Rent-A-Center
30. Lennox International
31. AMN Healthcare
32. Sally Beauty Holdings
33. Flowserve
34. Prmoris Services
35. Atmos Energy
36. Mr. Cooper Group
37. Brinker Intl
38. Comerica
39. Match Group
40. Range Resources
41. Copart
42. Encore Wire
43. Valhi

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vman
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Re: Corporate Relocations/Expansions

Postby vman » 29 Jun 2022 14:50

https://www.dallasnews.com/business/job ... to-dallas/

Chinese aerial lift maker moves its North America headquarters to Dallas
LGMG North America says the relocation is a response to higher tariffs placed on its products last year.


The North American headquarters of a Chinese maker of mobile aerial lifts is relocating to Dallas later this year after opening only three years ago in Chambersburg, Pa.

LGMG North America is making the move in response to a U.S. Commerce Department decision last year that placed higher tariffs on mobile elevating work platform equipment, according to industry publications Forconstructionpros.com and Vertikal.net.

(No mention of where in Dallas the headquarters will be located.)

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 29 Jun 2022 16:11

vman wrote:https://www.dallasnews.com/business/jobs/2022/06/27/chinese-aerial-lift-maker-moves-its-north-america-headquarters-to-dallas/

Chinese aerial lift maker moves its North America headquarters to Dallas
LGMG North America says the relocation is a response to higher tariffs placed on its products last year.


The North American headquarters of a Chinese maker of mobile aerial lifts is relocating to Dallas later this year after opening only three years ago in Chambersburg, Pa.

LGMG North America is making the move in response to a U.S. Commerce Department decision last year that placed higher tariffs on mobile elevating work platform equipment, according to industry publications Forconstructionpros.com and Vertikal.net.

(No mention of where in Dallas the headquarters will be located.)


How is a move of North American headquarters from Pennsylvania to North Texas a response to higher tariffs imposed by the United States?

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Re: Corporate Relocations/Expansions

Postby Tnexster » 29 Jun 2022 16:21

^That didn't make any sense to me.

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Re: Corporate Relocations/Expansions

Postby CTroyMathis » 29 Jun 2022 16:32

Tucy wrote:
vman wrote:https://www.dallasnews.com/business/jobs/2022/06/27/chinese-aerial-lift-maker-moves-its-north-america-headquarters-to-dallas/

Chinese aerial lift maker moves its North America headquarters to Dallas
LGMG North America says the relocation is a response to higher tariffs placed on its products last year.


The North American headquarters of a Chinese maker of mobile aerial lifts is relocating to Dallas later this year after opening only three years ago in Chambersburg, Pa.

LGMG North America is making the move in response to a U.S. Commerce Department decision last year that placed higher tariffs on mobile elevating work platform equipment, according to industry publications Forconstructionpros.com and Vertikal.net.

(No mention of where in Dallas the headquarters will be located.)


How is a move of North American headquarters from Pennsylvania to North Texas a response to higher tariffs imposed by the United States?


Seems to me brevity in articles is no bueno, every time. The press release is almost like you are supposed to know about tariffs on this sector. Perhaps it's just coincidence they are moving to somewhere in possibly a FTZ in DFW at the same time they want to just re-structure themselves. Manufacturing upgrades in Canada? Maybe that helps, don't know. I have other rabbit holes to go visit, haha. Definitely not going to dive in to govt policy on this one.

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Re: Corporate Relocations/Expansions

Postby tamtagon » 29 Jun 2022 20:27

Tucy wrote:Counting the Exxon relocation, DFW has (had) 22, so with Caterpillar, 23 Fortune 500 companies.

Again, counting the Exxon relocation, Houston has 25.


Looks like Chevron is finally moving to Houston, too, so that will change the tally a bit more. haha I don't know what's going to happen with the fossil fuel companies, but it'll be a different beast in 20 years.

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Tucy
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Re: Corporate Relocations/Expansions

Postby Tucy » 30 Jun 2022 14:33

tamtagon wrote:
Tucy wrote:Counting the Exxon relocation, DFW has (had) 22, so with Caterpillar, 23 Fortune 500 companies.

Again, counting the Exxon relocation, Houston has 25.


Looks like Chevron is finally moving to Houston, too, so that will change the tally a bit more. haha I don't know what's going to happen with the fossil fuel companies, but it'll be a different beast in 20 years.


No, Chevron is not moving its HQ to Houston. Not yet, anyway...

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Re: Corporate Relocations/Expansions

Postby cowboyeagle05 » 30 Jun 2022 18:13

Yeah, I saw some articles claiming the HQ moved as well but here is what Tucy means.

https://www.chron.com/business/article/ ... 271643.php
Chevron paying for employees to relocate to Houston for Bay Area
When Chevron vacates the 100-acre campus in 2023, freeing up prime real estate for the area’s growing life-sciences industry or developers looking to build apartments, it hopes to move into a smaller space in San Ramon, which will remain its headquarters, the Wall Street Journal said.

"The move is expected to occur during the third quarter of 2023. Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state."
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Re: Corporate Relocations/Expansions

Postby Hannibal Lecter » 14 Sep 2022 19:32

https://www.dallasnews.com/business/ban ... wn-dallas/

Comerica CEO: ‘We have no plans to relocate from downtown Dallas’

Excerpts:

Downtown Dallas-based Comerica, the largest bank headquartered in Texas, made waves Wednesday when it announced it would put 300 jobs at the Dallas Cowboys’ Star development.

But Comerica CEO Curtis Farmer told The Dallas Morning News that it will retain “several hundred” employees at the 60-story tower on Main Street that bears its name.
....

Farmer said the bank realized some employees wouldn’t be willing to make the drive from Frisco and surrounding communities into downtown Dallas.

“It gives us a chance to broaden the employee base that we potentially could draw upon having that second location in Frisco and potentially recruit employees that otherwise would not have considered us,” Farmer said.

Like other major cities, downtown Dallas has challenges such as traffic flow problems, a large homeless population and restaurants that still haven’t reopened following the COVID-19 pandemic, he said.
...

The downtown headquarters will retain about 350 Comerica employees, he said. The company’s Dallas lease runs through September 2028.

Comerica is largely operating on a hybrid office schedule, with most employees coming into the office about three days a week, Farmer said. He noted that some job candidates, particularly those in California, won’t speak with the company unless the position is 100% remote.

“I think, from my seat, mandating that everyone is going to be back in the office 100% of the time would be totally tone deaf,” he said.

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Re: Corporate Relocations/Expansions

Postby Addison » 14 Sep 2022 23:32

Hannibal Lecter wrote:https://www.dallasnews.com/business/banking/2022/09/14/comerica-ceo-we-have-no-plans-to-relocate-from-downtown-dallas/

Comerica CEO: ‘We have no plans to relocate from downtown Dallas’

Excerpts:

Downtown Dallas-based Comerica, the largest bank headquartered in Texas, made waves Wednesday when it announced it would put 300 jobs at the Dallas Cowboys’ Star development.

But Comerica CEO Curtis Farmer told The Dallas Morning News that it will retain “several hundred” employees at the 60-story tower on Main Street that bears its name.
....

Farmer said the bank realized some employees wouldn’t be willing to make the drive from Frisco and surrounding communities into downtown Dallas.

“It gives us a chance to broaden the employee base that we potentially could draw upon having that second location in Frisco and potentially recruit employees that otherwise would not have considered us,” Farmer said.

Like other major cities, downtown Dallas has challenges such as traffic flow problems, a large homeless population and restaurants that still haven’t reopened following the COVID-19 pandemic, he said.
...

The downtown headquarters will retain about 350 Comerica employees, he said. The company’s Dallas lease runs through September 2028.

Comerica is largely operating on a hybrid office schedule, with most employees coming into the office about three days a week, Farmer said. He noted that some job candidates, particularly those in California, won’t speak with the company unless the position is 100% remote.

“I think, from my seat, mandating that everyone is going to be back in the office 100% of the time would be totally tone deaf,” he said.


This was eventually going to be a second order effect from the aggressive northward sprawl of DFW.

As the center of population shifts further away from downtown Dallas, eventually the companies who want to attract/keep the talent that wants to live in these newer communities (whether for affordability or better schools) will be forced to follow them, in effect reducing their downtown presence or abandoning downtown altogether (like Builders FirstSource is doing). COVID, with many companies switching to a permanent WFH/Hybrid arrangement, has only accelerated this.

Unfortunately, there's no easy solution to slow/stop this trend in the near term.

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Re: Corporate Relocations/Expansions

Postby LPG » 15 Sep 2022 06:18

With Energy Plaza on track for completion by late 2023 or early 2024, is Todd worried that not enough people will have returned to work in downtown offices by then to rent his apartments? “No,” he says quickly, pointing to figures showing that downtown Dallas has 14,000 residents, up from 11,000 in 2016. “I’d be surprised what percentage of residents downtown actually work downtown. I think a lot of them are commuting out to other parts of the city. I think apartments are going to continue to be successful in Dallas.”


https://www.texasmonthly.com/news-polit ... onversions

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Re: Corporate Relocations/Expansions

Postby Tnexster » 15 Sep 2022 09:38

I suppose it is possible with Goldman coming downtown could make a significant impact as a move that large tends to attract attention and others doing business with Goldman will probably setup shop nearby. I know of one in particular that is scouting about 250k sf and 500 or so employees.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 15 Sep 2022 10:09

Tnexster wrote:I suppose it is possible with Goldman coming downtown could make a significant impact as a move that large tends to attract attention and others doing business with Goldman will probably setup shop nearby. I know of one in particular that is scouting about 250k sf and 500 or so employees.


As it has been mentioned before, Goldman already has a signifcant presence downtown.

The vast majority of additional jobs that have been boasted are only projections, conditional to future economic conditions and growth (right now, Goldman is considering mass layoffs).

For sure, they will definitely be consolidating the existing suburban office jobs in the new downtown campus, but that isn't many more jobs either.

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Re: Corporate Relocations/Expansions

Postby potatocoins » 15 Sep 2022 10:17

Addison wrote:As it has been mentioned before, Goldman already has a signifcant presence downtown.

The vast majority of additional jobs that have been boasted are only projections, conditional to future economic conditions and growth (right now, Goldman is considering mass layoffs).

For sure, they will definitely be consolidating the existing suburban office jobs in the new downtown campus, but that isn't many more jobs either.


True, but this is a renewed (longish-term) commitment to urban Dallas. At this point, I'm happy to see any jobs move from the suburbs to Downtown as well. It feels like we've struggled to compete with the suburbs, so this was welcome news.

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Re: Corporate Relocations/Expansions

Postby Hannibal Lecter » 12 Oct 2022 21:09

American Airlines-led Oneworld alliance moving HQ to Fort Worth

https://www.dallasnews.com/business/air ... ort-worth/

The Oneworld airline alliance, led by American Airlines, is moving its headquarters from New York to Fort Worth in December, American said Wednesday.

Oneworld, which counts among its members British Airways, Japan Airlines, Qatar Airways, Qantas and Alaska Airlines, will move its operations from Manhattan to the American Airlines headquarters campus in Fort Worth. There are 15 airlines in the alliance after Seattle-based Alaska Airlines joined in 2020, a rare U.S.-based carrier to join the group.

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Re: Corporate Relocations/Expansions

Postby cowboyeagle05 » 13 Oct 2022 13:21

It seems like news but not with too much heff. Like if the Governor isn't claiming he stole jobs and another relocation from the evil high-tax NorthEast united states, then are we getting a lot? I mean, most of those chest beatings are overblown too, but I assume this is just a few employees who are always in Dallas anyway since OneWorld is a AA lead deal. I imagine it's just they are getting an office with access to the conference center and some money to move any employee who isn't already often in DFW to live in DFW now and answer the phone in Fort Worth.

I do think this is good to throw on the Airports bullet points as the HQ for OneWorld, but it is mostly a that they don't need the employees in New York to make these deals and meet with execs from current and new potential members.
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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 13 Oct 2022 13:35

cowboyeagle05 wrote:It seems like news but not with too much heff. Like if the Governor isn't claiming he stole jobs and another relocation from the evil high-tax NorthEast united states, then are we getting a lot? I mean, most of those chest beatings are overblown too, but I assume this is just a few employees who are always in Dallas anyway since OneWorld is a AA lead deal. I imagine it's just they are getting an office with access to the conference center and some money to move any employee who isn't already often in DFW to live in DFW now and answer the phone in Fort Worth.

I do think this is good to throw on the Airports bullet points as the HQ for OneWorld, but it is mostly a that they don't need the employees in New York to make these deals and meet with execs from current and new potential members.


You could say the same thing for a lot of our recent corporate relocations/expansions (I.E. Wells Fargo, Goldman Sachs, AECOM, Catepillar, etc.).

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Re: Corporate Relocations/Expansions

Postby cowboyeagle05 » 13 Oct 2022 13:55

Which is why I mentioned the obvious chest bumping of the governor and other politicians but at least in those stories, they have jobs they post we are "getting" or retaining. This was just posted like it was an AT&T type of deal but without and details of anything, so I assume its barely news.
“Growth for the sake of growth is the ideology of the cancer cell”

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 13 Oct 2022 14:19

cowboyeagle05 wrote:Which is why I mentioned the obvious chest bumping of the governor and other politicians but at least in those stories, they have jobs they post we are "getting" or retaining. This was just posted like it was an AT&T type of deal but without and details of anything, so I assume its barely news.


To address the specific part of your comment about "retaining" those jobs with Goldman Sachs and Wells Fargo, using that word assumes the jobs were going anywhere (they never were).

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Re: Corporate Relocations/Expansions

Postby KCHornedFrog » 03 Mar 2023 08:27

Florida and Texas dominate a look at the most attractive cities for corporate relocations in 2022

A new study released February 1 shows that five cities in Texas rank among the top 30 locations in the U.S. for corporate headquarters offices in the new post-pandemic economy. The study shows that Frisco, Pflugerville, Sugar Land, Westlake and The Woodlands all rank among the top American cities based upon the criteria used by The Boyd Company Inc., a national site selection consulting firm based in Princeton, New Jersey.


Florida had the most cities in the top 30. Eight Sunshine State markets cracked this elite ranking in the Boyd study: Aventura, Boca Raton, Lake Mary, Naples, Palm Bay, Ponte Vedra, Sarasota and Sunrise.


Also of note, 4 out of the 10 largest projects in the USA by capital investment were in Texas in 2022

Image

https://siteselection.com/issues/2023/mar/the-2023-governors-cups-cover.cfm

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R1070
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Re: Corporate Relocations/Expansions

Postby R1070 » 03 Mar 2023 10:07

The development going on in Sherman, TX is really impressive. It is really going to change that county and pull North Texas growth all the way to the Oklahoma border.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 03 Mar 2023 14:07

R1070 wrote:The development going on in Sherman, TX is really impressive. It is really going to change that county and pull North Texas growth all the way to the Oklahoma border.


That was going to happen any way.

But yes, these projects will help to accelerate it.

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Re: Corporate Relocations/Expansions

Postby LongonBigD » 03 Mar 2023 17:59

Great news about Sherman!

On a different subject. Amazon HQ2 in Virginia is put on hold following massive layoffs in the company and the impact of wfh. Not news to us, look at Uber.

From the NYT. https://www.nytimes.com/2023/03/03/technology/amazon-second-headquarters.html.
Amazon Pauses Work on 2nd Headquarters in Virginia
The delay is the latest reminder that the tech industry’s pandemic-fueled boom has slowed and another indicator of how remote work has changed office-space needs.

But the company’s decision made public on Friday to pause plans in Virginia — about four years after Amazon pulled out of its campus in New York — is the latest reminder that the tech industry’s long boom has slowed.

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tamtagon
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Re: Corporate Relocations/Expansions

Postby tamtagon » 03 Mar 2023 21:43

The way Amazon paraded the expansion was gross. Four years later it's even grosser.

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Hannibal Lecter
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Joined: 19 Oct 2016 19:57

Re: Corporate Relocations/Expansions

Postby Hannibal Lecter » 03 Mar 2023 21:49

KCHornedFrog wrote:Florida had the most cities in the top 30. Eight Sunshine State markets cracked this elite ranking in the Boyd study: Aventura, Boca Raton, Lake Mary, Naples, Palm Bay, Ponte Vedra, Sarasota and Sunrise.


I was in Sarasota a couple times this week. The traffic congestions is horrible -- especially when you consider the population is less than 1/4 that of Garland.

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

Re: Corporate Relocations/Expansions

Postby Tnexster » 07 Mar 2023 09:14

Clearly lots of interest in corporate relocations and expansions into Dallas, especially Uptown area. Nobody appears interested in Newpark unless they are looking and we just don't hear about it. I suspect the location just isn't attractive enough.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 07 Mar 2023 09:24

Part of it is also confidence (or lack thereof) in the ability to actually deliver a product on time and within budget, as well as provide competent management after completion.

Many companies (given their own constraints) would rather not deal with an inexperienced developer/property manager that's lacking in sufficient capital to see a project through or provide ongoing support, if they can help it.

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

Re: Corporate Relocations/Expansions

Postby Tnexster » 09 Mar 2023 09:39

California AI firm is moving its headquarters to Allen
Inbenta, lead by an executive who previously co-founded another Allen company, will plant its flag at an office tower on U.S. 75.

https://www.dallasnews.com/business/rea ... -to-allen/

Tnexster
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Location: Dallas

Re: Corporate Relocations/Expansions

Postby Tnexster » 29 Jun 2023 08:50

London-based investment research firm to open Dallas office

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

Investment research giant Third Bridge will open an office in Dallas as it continues to embark on a U.S. expansion.
The London-based firm has secured 40,000 square feet at Victory Commons One at 2601 Victory Ave. for a new hub. Dallas will become the third U.S. city where Third Bridge has a physical presence, joining Los Angeles and New York.


The company intends to have 70 people working out of the Dallas office by Christmas, with plans to scale to more than 200 people in the following months, spokeswoman Rosa Sobrino said in an email. Several of the company's senior employees have moved to North Texas and more are coming, including Michael Marconi, senior vice president of the company's U.S. Connections, who moved to Dallas from New York.

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Addison
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Re: Corporate Relocations/Expansions

Postby Addison » 15 Aug 2023 18:01

Telecom giant Frontier considers moving headquarters to North Texas

https://www.wfaa.com/article/money/busi ... 4b1de2299f

Frontier Communications Parent Inc. is considering a corporate headquarters shift from Norwalk, Connecticut, to Dallas.

According to a meeting agenda for a forthcoming Dallas City Council meeting, the telecommunications company is seeking to be considered as an Enterprise Zone project under the Texas Enterprise Zone Act for its office at 1919 McKinney Avenue.

...But the proposal, presented by Assistant City Manager Majed Al-Ghafry, brings with it some very direct competition: If Frontier does not receive what it's looking for, it will not only remove the offer to bring its headquarters to Dallas, but it will shift the jobs and headquarters to Tampa, Florida...

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I45Tex
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Re: Corporate Relocations/Expansions

Postby I45Tex » 15 Aug 2023 21:24

If I'm not mistaken the city just has to ask the state to refund the state's cut of something. I don't know if the city has a quota of how many asks we have to use. Bloomberg says that Frontier Communications emerged from bankruptcy in 2021 and that their current CEO lives in Dallas, but the 1919 McKinney address reported by WFAA was recently and possibly still is a coworking building of no vast dimensions so I'm not sure how many additional jobs they would be promising to add there at the moment.

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

Re: Corporate Relocations/Expansions

Postby Tnexster » 17 Aug 2023 10:15

Two massive projects could bring 1,700 jobs, $585 million in investments to DFW

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

The City of Fort Worth will weigh incentives for two massive projects that could bring over 1,700 jobs to the city.

Between the two projects, the combined total investment will measure in at $585 million. Under the agreements, Siemens would create an advanced manufacturing facility in Fort Worth and contract manufacturer DrinkPak will establish two new locations in the city.

DrinkPak manufactures alcoholic and non-alcoholic beverages. The two new Fort Worth facilities would produce energy drinks, hard seltzer, canned cocktails and alternative dairy beverages, such as canned cold brew and oat milk.

The expansion would come in multiple phases. For the first phase, DrinkPak has eyed the Trammel Crow development at 25001 Eagle Parkway in Denton County, not far from Perot Field at Fort Worth Alliance Airport. The second phase would be located at Carter Park East in Southeast Fort Worth, according to information provided by the Fort Worth Economic Development Department.

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I45Tex
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Re: Corporate Relocations/Expansions

Postby I45Tex » 22 Aug 2023 04:30

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

McMaster-Carr industrial parts house Fort Worth regional HQ "expansion would create 250 jobs with an average annual salary of $85,000."

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

Re: Corporate Relocations/Expansions

Postby Tnexster » 25 Aug 2023 11:07

Dallas clears way for potential Frontier Communications headquarters move
The telecommunications company has been considering Dallas and Tampa as candidates for its relocation from the East Coast.

https://www.dallasnews.com/business/202 ... ters-move/

Dallas is making it more enticing for Frontier Communications to move the telecommunications firm’s corporate headquarters from the East Coast.

City Council on Wednesday designated Frontier’s Dallas office on McKinney Avenue as an enterprise zone, giving the company the ability to seek rebates on state sales and use taxes in exchange for a potential $7 million investment in a new corporate hub.

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I45Tex
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Re: Corporate Relocations/Expansions

Postby I45Tex » 25 Aug 2023 19:41

DBJ has recently reported some more:

SoCal startup Thermomix kitchen appliances
https://www.bizjournals.com/dallas/news ... ornia.html

Which I looked up:
"Thermomix's parent company, German-based Vorwerk, now in its 140th year of operation, reported $4.1 billion in global sales in 2022, with U.S. sales of Thermomix reaching over $30 million, up 28.7% over the prior year. These numbers make Vorwerk the fifth largest direct-selling company in the world..."
https://www.benzinga.com/pressreleases/ ... annual-con

Westwood Professional Services from suburban Minneapolis to Plano (possibly their existing office at Parkway Centre I) this year:
https://www.bizjournals.com/dallas/news ... plano.html

And the possibility of Airborne Motorworks:
https://www.bizjournals.com/dallas/news ... wells.html

as well as the NRA (yes, that NRA) "scoping out" a relo to some of State Farm's space in CityLine:
https://www.bizjournals.com/dallas/news ... rdson.html