This Week's Dallas-Fort Worth Deal Sheet
August 7, 2018

This Week's Dallas-Fort Worth Deal Sheet

Urban Land Institute has named the finalists of its 2018 North Texas Impact Awards, honoring excellent development and design.

A record 32 projects applied to this year's North Texas Impact Awards, and 12 were named finalists among the four categories. Here are the whittled-down contenders: Influence Award DFW Airport Commercial Development, submitted by DFW Airport Factory 603, submitted by…

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Top stories on Bisnow.com

'Merry Employment Situation': Economists React To July Jobs Report On Twitter Owners Focus On High-Credit Tenants As Industrial Market Keeps Heating Up
Brookstone Declares Bankruptcy, To Close All Non-Airport Stores Global Investment Volume Flat, But The U.S. Remains A Real Estate Sweet Spot
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Brinker Completes Nearly $314M Sale-Leaseback Of Almost 100 Restaurants

Brinker International, which is best known for its portfolio of Chili's Grill & Bar restaurants, is selling nearly 100 restaurants to two separate buyers. All together, the deals are worth more than $314M.

Four Corners Property Trust, which specializes in restaurant real estate, has inked a sale-leaseback deal to buy as many as 48 Brinker-owned Chili's locations for up to $155.7M, though the buyer has the option of declining to purchase all 48 assets.

The properties will be under individual 15-year leases and are subject to rent increases of 10% every five years during the initial term. Mill Valley, California-based Four Corners will also have the option of renewing the leases for five-year periods, with…

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Amazon Could Reportedly Release A Shorter List Of HQ2 Finalists This Month

Another major twist may be coming to the Amazon HQ2 saga before a winner is selected.

Rumors are swirling that Amazon could release a second shortlist of finalists in the running for its $5B second headquarters as early as this month, the New York Times reports. Times sources speculate that the move could be an attempt to get cities to further sweeten their incentive packages to land the headquarters and its estimated 50,000 employees.

The bids have been the subject of controversy since Amazon announced its public search for HQ2. Of the 20 finalists selected in January from the 238 initial bids, only Newark, New Jersey, and Montgomery County in Maryland have released price tags of their incentive packages, and the numbers are staggering: $7B in incentives from Newark, and $8.5B in incentives and infrastructure payments from Montgomery County. Washington, D.C., also released some details of its proposal.

For the rest of the field, secrecy has been the name of the game, to the point where some bids have faced legal challenges from critics who worry that citizens will be forced to bear a tax burden they had no chance to approve.

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The Rise And Rise Of Real Estate's New Buzzwords

Experiential retail. Densification. PropTech. The agile workplace. The language of real estate is ever changing, and particularly in the digital age, new words and phrases are constantly making their way into the lexicon.

Some put an apt name to a phenomenon happening in the real world. Some are ugly. Some are just marketing gimmicks.

Using Google Ngrams, which charts the frequency with which words are used in books going back to 1800, and Google Trends, which does the same for internet searches going back to 2004, Bisnow charted the birth, rise and spread of some of these new buzzwords, and found some fascinating results which provide insight into the way real estate itself is changing.

Read the full story here.

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Beyond The Bio: 16 Questions With Nadel Architects Founder Herb Nadel

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.  

A fire burns deep inside Los Angeles architect Herb Nadel.

At the age of 78 and having spent 45 years in the business, Nadel's work ethic and drive was developed by an all-consuming fear of failure that dates back to his childhood. 

"Being raised in a household that never had any money [and with] a father that was arrested, just the idea of failure scared the hell out of me," Nadel told Bisnow. "I'm highly motivated. It's something innate in me that makes me competitive."

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Real Estate CEOs' Giant Hiring Blind Spot

Real estate chief executives are less likely than their peers in other sectors to hire the right people to adapt to the changes brought about by technology, according to a new report from PwC.

The research has cited technological change as a surprisingly large blind spot for real estate chief executives in general.

Read the full story here.

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9 Things You Need To Know About This Retreat For Young Real Estate Leaders

PRESENTED BY:   Bisnow Behind The Scenes
 

At the 1 Hotel in South Beach, Florida, real estate's most promising leaders gather annually for Ascent, a two-day retreat of networking, professional development and wellness talks. Beginning as a networking event to build bonds and do deals within CRE, Ascent…

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Road to Riches: The 121 Corridor!
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​Stellar Development
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KDC
Tracy Rath
City of McKinney
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VCC Construction
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Wildcat Management
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Principal, Altera Development
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