Texas Rental Market: How Developers are Keeping Up and Keeping Rent Down for The Population Boom – Dallas Business Journal

DALLAS, March 14, 2018 /PRNewswire/ — With over half a million new residents coming to Texas each year, the area’s housing options are shrinking and forcing new development to keep up. In fact some of the top Texas metros and their surrounding areas including Dallas, Houston and Austin have held some of the largest increases in new residential and commercial construction growth across the nation in recent years.

With this demand for housing seemingly outweighing the available properties in the state’s most desired city and suburban locations, an influx in both rental costs and home market appreciation is on the rise. Developers and property firms are more focused than ever on breaking new ground to make room for new and relocated renters and buyers.

One of DFW’s leading property development firms; Western Rim Properties is focusing its expansion in some of the state’s top surrounding city locations with nine new projects coming in 2018 to areas like Rowlett and Farmers Branch. With its communities serving the growing need for affordable rental properties that provide some of the area’s highest quality accommodations, the development locations are also positioned where the market is headed – just outside of Texas’ city centrals.

The cause for this shift in growth headed to the city outskirts is a direct reflection of the population boom and underdeveloped housing availability. Price spikes and limited inventories are pushing residents to explore new locations.

Take one of the state’s leading metro areas DFW, which had the highest jump in rental prices in Texas growing 3.8% in 2017- double the national median increase that was reported at 1.9% by Zillow in their annual rental forecast report.

With a booming economy and job market that helped land Dallas as one of the top 10 home markets in the nation, it’s no surprise costs are increasing in the city and more people are looking for affordable alternatives near this leading location.

Recent reports have even shown the majority market of new home buyers and renters – millennials, are headed for popular Texas suburbs over its city centrals. “The rental communities of today’s generations provide city-like amenities and top of the line accommodations. Along with close proximity to cities and thriving job markets; these suburban developments are giving renters what they’re after,” shares Marcus Hiles, CEO and founder of Western Rim Properties.

The Texas community as a whole is starting to adapt this forward thinking approach as new businesses are relocating and expanding to areas outside of the city focused on growth. Among the leaders, McKinney, Plano, Allen and Round Rock.

It seems the state – although one of the largest in the nation – is bringing change that will soon be the standard in many major metro areas. Residents and businesses are investing where the opportunity is and it’s opening up a new market for all.

Marcus Hiles – Dallas-based Entrepreneur & Property Developer

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SOURCE Western Rim Property Services, Inc.

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With Rising Voter Turnout, Democrats Hope To Turn Parts Of Texas Blue

Bins of signs are seen in a storage area at the Bexar County Election offices last month in San Antonio.

Updated at 8 p.m. ET

Texans were casting their votes in primaries Tuesday, the first contests of the 2018 election cycle. But voters in the Lone Star State have been voting for almost two weeks already — and there’s been a big surge in enthusiasm across the board.

Driven by anti-President Trump fervor, in this typically deep red state, there are plenty of positive signs for a once-latent Democratic Party in the state. Early vote turnout for the minority party has surpassed GOP totals — and even bested their 2016 numbers. Democrats have also fielded a record number of candidates in all 36 congressional districts, and there’s the potential to flip maybe three or more seats come November.

There are eight open-seat races happening, too — six held by Republicans and two by Democrats who are retiring. The majority of those races will stay in the same party’s hands. But the nominees may not be known in those crowded races until May 22, since a candidate needs to top 50 percent this go-round to avoid a runoff.

The same is true in what will be some of the most watched races this fall — primaries to see who will face Reps. John Culberson, Pete Sessions and Will Hurd in the three congressional districts held by Republicans but won by Hillary Clinton in 2016. Those Democratic primaries — some of which have turned quite bitter — may go into runoff overtime as well.

In the Senate race, both GOP Sen. Ted Cruz and Democratic Rep. Beto O’Rourke are expected to easily win their primaries. Cruz still has the edge for re-election, but O’Rourke has been mounting a surprisingly strong campaign and gaining attention.

In another race to watch, there’s a political scion with a familiar name — yet another George Bush, this one George P., son of none other than Jeb Bush, the former Florida governor and 2016 presidential candidate. Despite Jeb Bush’s feuds with President Trump, Trump has endorsed George P. Bush for re-election for land commissioner. But Bush is running against a former land commissioner who wants the job back. If a Bush in Texas endorsed by Trump were to lose, that would certainly be news.

Most of the polls in the state closed at 8 p.m. ET, but some areas in the far western part of the state will be open until 9 p.m. ET.

Here’s more of what to watch as the returns roll in:

Can Democrats sustain their early vote momentum?

The 11 days of early voting brought some of the best news in decades for Democrats. Not only did they best GOP early voting statewide totals in some key areas like Houston, Dallas and San Antonio, but they also beat their own turnout numbers from the same period in 2016 — a presidential year when more voters typically go to the polls.

Analyses have shown Democrats are getting lower-propensity voters to the polls this time around — ones who may come out to pick their choice for the White House but haven’t previously shown a heavy interest in voting in midterms.

The big question on Tuesday is, can Democrats match the enthusiasm they’ve seen in early vote numbers at the ballot box on Election Day? Democrats and Clinton’s campaign saw a similar early vote surge in some key states in 2016, only to be swamped by Republicans at the polls. So is Democrats’ early vote turnout simply an aberration that will correct itself come Tuesday or is it a bigger harbinger of warning signs to come for Republicans?

Democratic primary battles dial up the heat

Enthusiasm on Democrats’ side has yielded a record number of 111 candidates in all 36 congressional districts for the first time in 25 years. But that cuts another way — some of those crowded primaries have turned particularly nasty in the final stretch, highlighting a Democratic divide between centrists and progressives. The outcomes of these primaries could have consequences for flipping crucial races come November.

There’s possibly no more intriguing race to watch tonight than the Democratic primary in the 7th District for the right to face Culberson, a Republican who represents the Houston suburbs.

The Democratic Congressional Campaign Committee controversially waded into the race a little more than a week ago against progressive activist Laura Moser. The committee, responsible for trying to elect Democratic House members, cited derisive comments she had made about a more rural part of the state when she was a writer living in Washington, D.C.

That was before she moved home to run for Congress. (The committee also cited other controversial language she has used in her writing.) The DCCC’s decision to drop opposition research against Moser drew backlash from many progressive groups, and even Democratic National Committee Chairman Tom Perez said it was an action he wouldn’t have taken.

The DCCC’s maneuvers — the very embodiment of “the establishment” that many voters hate — may have had the opposite of the intended effect and could end up propelling Moser into the May runoff. EMILY’s List-backed attorney Lizzie Pannill Fletcher and nonprofit executive Alex Triantaphyllis are seen as the other contenders to grab runoff slots. The DCCC would prefer either of those candidates over Moser, thinking the chance to oust Culberson in a rapidly changing district might be lost if she is the candidate.

Other Democratic hopefuls to watch

The other two Clinton-won districts — Sessions’ suburban Dallas 32nd District and Hurd’s expansive 23rd District, which runs along the Mexican border from El Paso to San Antonio — both have primaries of note, too.

The Texas Tribune’s Abby Livingston writes that in the 32nd District, it’s former State Department official and ex-Clinton staffer Ed Meier who has raised the most money and is expected to secure a spot in the May runoff. He could be joined by Brett Shipp, a former journalist who has name recognition in the area; former Obama official Lillian Salerno; or former NFL player Colin Allred, who also served in the Department of Housing and Urban Development under Obama.

In the five-way race to take on Hurd, it’s likely to be former federal prosecutor Jay Hulings or former intelligence officer Gina Ortiz Jones who makes the runoff, per the Tribune, but former Obama agriculture appointee Judy Canales and former high school teacher Rick Treviño, who has tried to seize the progressive mantle, are also worth watching.

Open seat chaos

The seats open because of retirements are all likely to stay in their current party’s hands, but there is some rising interest in the race to replace retiring Republican Rep. Lamar Smith in the San Antonio and Austin suburbs.

There’s a massive 18-way primary happening in the 21st District, and if a far-right candidate wins the nod, Democrats are hopeful they can compete for it in the general election. (They are encouraged by some generic-ballot polling.)

For Republicans, former Ted Cruz chief of staff Chip Roy, former CIA agent William Negley, state Rep. Jason Isaac and former Bexar County GOP Chairman Robert Stovall are seen as having the best chances to advance to a runoff. Former Rep. Quico Canseco, who used to represent the nearby 23rd District, is also running, but he has mounted underwhelming campaigns before and hasn’t raised much money this cycle.

On the Democratic side, tech entrepreneur Joseph Kopser is seen as the front-runner. He has raised the most money (and gotten the endorsement of House Whip Steny Hoyer of Maryland). Kopser has tried to strike a bipartisan tone to attract crossover GOP voters, but some of his other challengers have campaigned on more progressive platforms.

It’s worth watching whether Kopser can avoid a runoff (by getting more than 50 percent) or is forced into a race that could expose more divides within the Democratic Party.

The Bush factor

As member station KUT’s Ben Philpott reported, the last Bush currently holding office in the country — George P. Bush, the grandson of former President George H.W. Bush and nephew of former President George W. Bush — is facing a primary challenge in his race to remain the Texas land commissioner.

And that effort is facing some resistance just over two years after his father, Jeb Bush, succumbed to the challenge from Trump.

For the younger Bush, after winning election in 2014, the “realities of holding office began to sink in,” Philpott writes. “There are questions about how well his office has handled Hurricane Harvey relief. He’s also received bad press over his handling of the Alamo. You know, the one we’re supposed to remember all the time. Those issues brought criticism from some in the party, and motivated Bush’s predecessor, former land commissioner Jerry Patterson, to challenge him in the GOP primary. Patterson had left the office in 2014 in a failed attempt to run for lieutenant governor.”

To help him this time around and possibly avoid a runoff with Patterson, Bush turned to the man who vanquished his father — and he got it. Last week the president tweeted his support, writing, “Texas LC George P. Bush backed me when it wasn’t the politically correct thing to do, and I back him now.”

Correction: March 6, 2018 12:00 am — A prevsious version of this story misspelled a reference to Jerry Patterson’s last name as Paterson.

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This Week’s Dallas-Fort Worth Deal Sheet

Hillwood announced plans to construct a roughly 1M SF spec industrial property at Alliance Northport, a 260-acre sector of AllianceTexas, Hillwood’s 26,000-acre mixed-use development in Northlake.

“Alliance Northport 3 is strategically located to offer our future customers one of the lowest combined tax rates in the Dallas-Fort Worth region and provide excellent access to all areas of North Texas,” Hillwood Senior Vice President Tony Creme said in a statement. “In total, the Alliance Northport sector can accommodate over 3M SF, and is well positioned to meet the demand of industrial users who value interstate frontage, speed-to-market and low operating costs.”

Hillwood did not issue a potential completion date.

EXECS

Gemini Rosemont Commercial Real Estate hired Nina Latimer to its asset management team. She will be responsible for most of Gemini’s Houston portfolio and its entire Dallas portfolio. Latimer has been in the industry for more than 12 years and most recently managed the sustainability program for REIS Associates in Houston.

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St. Louis-based Bianco Properties promoted Daniel Wolk to president. Wolk is replacing Michael O’brecht, who will be retiring at the end of the year. Wolk has been with Bianco Properties for 25 years.

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CBRE hired Scott Taylor as director of CBRE’s Texas property tax practice for Valuation & Advisory Services. Taylor has more than 25 years of experience in commercial real estate valuation and property tax management.

SALES

Madera Residential purchased a 176-unit multifamily property, Woodway on the Green at 6201 Woodway Drive in Fort Worth, from an unnamed local private investor. Marcus & Millichap’s Al Silva, Mark McCoy and Ford Braly represented the seller and secured the buyer.

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A local investment partnership purchased 9,200 SF and 18K SF of land at 4433 McKinney Ave. in the Knox/Henderson neighborhood from a private partnership. The sale was brokered by Henry S. Miller Brokerage’s Lane Kommer.

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Quine & Associates’ Brad Quine negotiated the sale of the 77K SF Benbrook Shopping Center at Highway 377 and Cozby South Street in Benbrook.

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A private investor purchased Shoppes at Mineola, a 15K SF retail property in Mineola, from an unnamed LLC. Marcus & Millichap’s Philip Levy represented the seller and secured the buyer.

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ZM Briercroft II LLC purchased a 38K SF property at 1730 Briercroft Court in Carrollton from Rebel Trace L.P. Mercer Co.’s Keenan Cook represented the buyer. Hudson Peters Commercial’s Michelle Hudson represented the seller.

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Hutlas Holdings bought 2331 Farrington St., an 11K SF property in Dallas, from Fegan Fine Art Restoration. DW Co.’s Diane Williams represented the buyer. Mercer Co.’s David Guinn represented the seller.

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An affiliate of Stonelake Capital Partners bought a 39K SF warehouse in Dallas at Lone Star Business Park from 6 Brothers Realty. Bradford Commercial Real Estate Services’ Joe Santaularia and Brock Wilson represented the seller.

DEVELOPMENT

KWA Construction completed Phase 1 of Renaissance Heights Apartments, a 193K SF multifamily development in Southeast Fort Worth. Phase 1 consists of 140 mixed-income one-, two- and three-bedroom units.

THIS AND THAT

One Real Estate Investment selected Allied Orion Group to manage its 224-unit Fort Worth multifamily community, The Summit at Landry Way.

LEASES

Green Planet 21 leased 69K SF at 4300 Diplomacy Road in Fort Worth from Denali Texas Diplomacy. Lee & Associates’ Reed Parker represented the tenant. Lincoln Property Co.’s Gil Stroube represented the landlord.

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AndCo Consulting Opens its First Dallas, TX Office

DALLAS, TX–(Marketwired – February 19, 2018) – AndCo Consulting (AndCo), an independent, employee-owned institutional investment consulting firm, is pleased to announce that it is expanding its Texas presence with a new Dallas office. The new location is a direct result of the firm’s commitment to Texas.

“At AndCo, we want to make a lasting impact on the clients we serve. That means being ready to serve our clients at any time, in any place,” said Mike Welker, President and CEO of AndCo. “To support this service structure and our overall belief in the Texas institutional retirement space, we are opening an office outside of Dallas.”

Two highly experienced consultants, Tony Kay and Al DiCristofaro, will lead AndCo’s Dallas office. Kay is an industry veteran with over 10 years of experience and DiCristofaro has over 25 years of experience in the retirement plan industry. “Along with the local presence, we understand client issues are becoming more complex and we need to be able to provide seasoned consultants in the field. Messrs. Kay and DiCristofaro provide this for our firm in this important market,” said Welker.

AndCo gained its first Texas-based client in 2010. Since then, the firm has grown its Texas client base to 27 accounts and is committed to expanding services in the Lone Star State. Nationally, AndCo advises 640 institutional clients with approximately $81 billion in assets.

AndCo’s Dallas office is located at 5057 Keller Springs Road, Suite 300 (office #35), Addison, TX 75001, and officially began operations on February 1st, 2018.

About AndCo Consulting

AndCo Consulting, a full-service independent institutional investment consulting firm headquartered in Orlando, Fla., was founded on the belief that the institutional client should have the most objective and unbiased information with which to prudently manage and evaluate their investment portfolio/program. The firm is comprised of a dedicated group of industry specialists with diverse business backgrounds working together toward the common goal of simplifying the investment and fiduciary decisions of fund sponsors. With offices around the country and over $81 billion in assets under advisement, as of 9/30/17, AndCo serves as an independent fiduciary to each of its clients by accepting no soft-dollar compensation, having no broker dealer affiliations, selling no investment products, and having no pay-to-play arrangements.

For more information about AndCo, please visit: www.andcoconsulting.com.

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Dallas man set to die for killing daughters, 9 and 6

HUNTSVILLE, Texas – Attorneys for a former Dallas accountant condemned for fatally shooting his two young daughters while their mother listened helplessly on the phone are hoping a federal court keeps him from the Texas death chamber.

John David Battaglia is set for execution Thursday evening for the May 2001 slayings of his 9-year-old daughter, Faith, and her 6-year-old sister, Liberty. Battaglia and his wife had separated and the girls were killed at his Dallas apartment during a scheduled visit.

He’d be the nation’s third prisoner executed this year, all in Texas.

His lawyers had appeals before the 5th U.S. Circuit Court of Appeals and the U.S. Supreme Court, contending the 62-year-old Battaglia is delusional and mentally incompetent for execution.

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Poor inmates sue Dallas County over bail system following Harris County ruling

On the heels of a federal ruling slamming Harris County for its bail practices, civil rights lawyers have now set their sights on a county with a similar system: Dallas.

Poor defendants held in the Dallas County Jail filed suit against the county on Sunday night, claiming the bail system unconstitutionally discriminates against them by holding them in jail for days or weeks while letting similar defendants with cash walk free. One plaintiff, Shannon Daves, is a 47-year-old homeless and jobless transgender woman arrested on a misdemeanor theft charge. She has been kept in solitary confinement in the men’s unit since Wednesday under a $500 misdemeanor bond she can’t afford, the lawsuit claims.

“This system is really devastating for the people who can’t afford to purchase their freedom,” said Trisha Trigilio, a senior attorney at the ACLU of Texas, one of the legal groups representing the inmates. Lawyers with the Civil Rights Corps and the Texas Fair Defense Project are leading the lawsuits in both Dallas and Harris counties.

Bail is a legal mechanism to ensure defendants show up to court hearings. Most jurisdictions in Texas and the country rely primarily on a money bail system, where defendants can pay a bond amount set by a fixed schedule for their release. If they can’t pay, they’re often stuck in jail. Recently, civil rights lawyers and judges have targeted money bail systems nationwide, claiming they violate poor defendant’s constitutional rights to equal protection and due process. Harris County officials and the bail bonds industry have knocked this argument, saying recent lawsuits have sought “affordable bail,” prioritizing a defendant’s ability to pay a bail bond over public safety and the likelihood of skipping court dates.

In Dallas County, the plaintiffs — six indigent misdemeanor and felony defendants arrested this week — state that judicial magistrates set money bail based on the alleged crime and prior convictions without considering an inmate’s financial ability to pay or determining if non-monetary conditions of release — like an ankle monitor or cab fare voucher — could ensure the defendant show up to court. Texas law requires officials to consider financial ability when setting bail.

Instead, poor inmates who have yet to be convicted usually stay in jail because they can’t afford the bail, causing them to sometimes lose their jobs or housing, the lawsuit said. The lawsuit also argues that the threat of lengthy jail stays while awaiting trial encourages defendants to plead guilty.

Dallas County Judge Clay Jenkins said Sunday that he wouldn’t comment on a pending lawsuit, but said the county is working to improve the system.

“I support bail reform because some low-risk suspects that don’t need to be there are held in Texas jails at taxpayer expense simply because they can’t afford to bond out,” he said.

Dallas County Commissioner John Wiley Price also pointed to the county’s efforts to reform its bail system, touting a decrease in the county jail population. As of December, there were about 5,000 inmates in the jail that has a capacity for about 8,700, according to the Texas Commission on Jail Standards.

The Dallas lawsuit is similar to the one in Harris County, though the Dallas case applies to misdemeanor and felony defendants, while the suit in Harris only focuses on misdemeanors. There, a federal judge ruled last year that the practices in the state’s most populous county were unconstitutional and ordered the free release of all poor misdemeanor defendants within 24 hours of arrest.

Across the nation, cities, counties and states have veered away from traditional money bail and looked to release defendants for free if they are likely to stay out of trouble and show up to court. The Texas Legislature last year tried unsuccessfully to pass a bill to rely more on these risk assessments than fixed bail schedules.

Harris County implemented a risk-based system after the lawsuit over its bail practices began, but it was not enough for the judge. U.S. District Judge Lee Rosenthal said in a preliminary injunction that “wealth-based disparities” would continue under the new system, since judges don’t have to follow the risk-based recommendations of release and indigent defendants who are not deemed low-risk are still stuck with money bail.

Rosenthal’s ruling is being considered in appellate court, and the underlying case has yet to be heard.

When Harris County got dragged into the bail reform fight, Dallas County pretrial officials (and those at other counties in the state) began to look at their own system. Last year, county commissioners implemented policies to divert low-risk inmates and the mentally ill out of jail before trial, but the plaintiffs say very few people qualify for those types of release, even though one third of the jail population has a mental illness.

Jenkins and Price both said Dallas County is working to implement a risk-assessment tool to use in its pretrial system.

“The county has been making steps,” Price said, adding that the lawsuit was somewhat expected after the Harris County ruling. “We were hoping we were a lot further along in the reformation process and that the ACLU and others would see that we were making strides in that area with regards to people in custody.”

Trigilio said the judges and the county officials haven’t properly acted yet.

“This is a crisis that needs to be addressed immediately, and unfortunately it looks like a lawsuit is the only way to make that happen,” she said.

This article originally appeared in The Texas Tribune at https://www.texastribune.org/2018/01/22/following-harris-county-ruling-poor-inmates-sue-dallas-county-over-bai/.

Texas Tribune mission statement

The Texas Tribune is a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

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