It’s a GOOD … make that a GREAT … day in commercial real estate

In Downtown Dallas, that is!

Last Friday, Steve Brown took the news public that CB Richard Ellis plans to move its regional office from LBJ to 2100 McKinney.  They’re negotiating on 90,000 square feet.

Today, Cushman & Wakefield, another one of the most premier commercial real estate firms in the country (“the largest privately held in the world”), announced the move of their Dallas Branch Office to Rosewood Court.  They’ll take 24,000 square feet.

There’s no doubt of the importance and magnitude of these two moves in relation to our economic development efforts.  One, more awareness and understanding of the Downtown market by hundreds of hungry Dallas go-get-em commercial real estate brokers – leading to perhaps, yes, MORE DEALS.  Two, the high profile banners these companies will put on the center city certainly helps to legitimize our claim that, indeed, the value of a Downtown address has returned. And three, of course, these folks will certainly be frequenting our restaurants and venues, and populating our streets.

So while we all nervously wait for the other economic shoe to drop, let’s revel in the fact that successes are still to be had – EVEN in commercial real estate and PARTICULARLY in Downtown Dallas.

~Kourtny

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