dallas: Business Grows in Frisco - 06/25/13 08:05 AM
Candace Carlisle of the Dallas Business Journal covers the Con-way Multimodal office expansion in Frisco. At nearly 10,000 square feet, Con-way increases its footprint at Hall Office Park! 
Now is a great time for expanding business as the economy (especially in the Dallas/North Dallas area) picks up. As one of the fastest expanding economic markets, it’s not surprising that businesses in Dallas, Plano and Frisco need more space! Many companies are reluctant to expand in a down economy. Even though their business may be doing well, they question if it’s sustainable when so many other businesses are weakening. So it’s good … (0 comments)

dallas: Construction Starts in (One of) My Favorite Parks! - 04/17/13 12:27 PM
One of my favorite office parks, Granite Park at the Tollway and Highway 121, broke ground on a new building. The Granite Park development team shared concept drawings for the upcoming 300,000 SF office building and adjacent conference hotel. Looks like a pretty stylish, modern place to do business. Granite Park IV is scheduled to be finished with construction in the mid-2014. I can’t wait to see what it looks like when it’s finished and possibly negotiate some leases for the building’s first tenants. Check out the Dallas Business Journal’s article and slideshow of the building designs here.  
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dallas: Shopping in a Landlord's Market - 04/02/13 08:10 AM
On the cusp of job growth and economic stimulation, tenant incentives fly out of the window. Curious about just how dramatic the changes have already been so far? Check out Bill Cawlely’s blog post “Pendulum Shifting in Landlord’s Favor”
What can tenants do about suddenly becoming the underdog? Make sure you have representation on your side. Tenant Reps are one of the most effective ways to shift power on your side of lease negotiations in a growing landlord market. 
 
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dallas: REATA Client Profile: ignite partnership - 03/20/13 12:27 PM
REATA sat down with Mike Covert from ignite partnership. Check out the video below to learn how ignite partnership markets some of Dallas' biggest brands!
 
I’m Mike Covert, President of ignite partnership. We’re a 4 ½-year-old marketing and advertising agency. We have 25 people, a little boutique shop, about ten active clients right now working in a wide variety of industries from telecom to CPG to professional services.
We really do different things for different clients. When our clients come to us, they're looking for insights, they're looking for a creative way of applying a different view of what they … (0 comments)

dallas: Forbe's List of America's Fastest Growing Cities - 03/05/13 08:38 AM
Texas dominates the top three fastest growing cities in America according to Forbes. Behind Austin and Houston, Dallas boasts an impressive 2.1% growth rate and 5.7% unemployment. Not too shabby, Dallas. 
What does this mean for businesses already operating in Dallas? We’ve talked before about how more growth equals more business and opportunity for everyone, but this kind of growth also requires tenant to lease more space which brings a healthy sense of competition. This creates demand which can then drive rate increases. 
REATA specializes in connecting clients to the right office. Your office space should work for your business, your … (1 comments)

dallas: Dallas’s Largest Office Leas…Ever - 02/12/13 08:07 AM
State Farm is not shy when it comes to leasing office space in Dallas. In fact, they are on a tear. Although their official HQ in Bloomington, Illinois is supposedly not planning to move here, State Farm has amassed just over 2 million square feet of leased office space in the Metroplex in recent months. The majority of this space is in Richardson where they signed a 1.5 million square foot (SF) lease in a to-be-built mixed-use development. This is the largest office lease recorded in Dallas history, and who can blame them. It’s located adjacent to the DART Rail Bush … (0 comments)

dallas: REATA Client Profile: Cogent Company - 01/29/13 08:12 AM
REATA talks with Marc Hoppers from Cogent Company who discusses working with REATA Commercial Realty.

Cogent is a management IT consulting firm. We serve clients in Texas, Oklahoma, Louisiana, and Arkansas primarily with helping clients figure out how to use Microsoft technology. Quite a bit of our work has been in financial services and insurance. In the last few years we’ve been moving into restaurant, hospitality and retail.
I’ve been working with Reata probably since 2002 or 2003 in a previous real estate investment business. The reason that we engaged Reata to begin with and the reason that we’re pleased … (0 comments)

dallas: Green Retrofitting in Dallas - 01/22/13 08:25 AM
Advancial Tower in Uptown has new owners! This is a high-rise office tower adjacent to the new Klyde Warren Park. New ownership can be a great thing. Changes brought by visionary owners can make a positive impact on tenants and the neighborhood. The new owners of the Advancial Tower plan to add sustainable practices to the building. What does that mean? Sustainable practices are sometimes known as green retrofitting.
 
Doug Gatlin, Vice President of the Green Building Council in Washington D.C., says “…Green retrofits are any kind of upgrade to an existing building that is wholly or partially occupied to … (2 comments)

dallas: The Good, The Kinda Bad and the Growth in Dallas - 01/15/13 08:59 AM
Dallas has enjoyed steady job growth and didn’t suffer nearly as bad as much of the country during the economic downturn. Job growth means more demand for commercial space. If more businesses begin to grow and/or move to Dallas, what does that mean for those of us who are already here? Change and growth always bring bad with the good. But really, even the “bad” is pretty good.
 
The good news: more business in Dallas means more potential clients and more economic growth for everyone and Dallas will begin to skyrocket closer to the top of places to do business … (2 comments)

dallas: Office Leasing Booms in Third Quarter - 09/27/12 03:13 PM
According to the latest stats from Cushman & Wakefield as reported by D Real Points, net absorption of office space n the DFW area for the third quarter alone is a positive 2 million square feet. That's incredible. Net absorption is the net change in occupied space.
If the total occupied space goes from 300 million square feet to 302 million square feet, that would represent 2 million square feet of positive absorption. This is the best indication of market demand for office space.
Overall leasing activity (total leases signed) was over 10 miilion square feet, but much of that was renewals … (0 comments)

dallas: Speculative Construction is Back in Plano...despite area vacancy - 09/17/12 08:47 AM
Crains are popping up on the skyline of Plano again. And this time it's for construction of new office buildings instead of bridges.
There are currently 7 office buildings under construction in Plano totaling 959,591 square feet (SF). All of these buildings are in west Plano where we have seen rental rates rise dramatically in the last year. That is also the area where it is increasingly difficult to find large blocks of space available. Interestingly, it's also hard to find small space under 5,000 SF. 
Three of the buildings are build-to-suits for large users - Encana Oil & Gas, Tyler … (1 comments)

dallas: Back to Costar - 09/14/12 09:35 AM
Costar is a commercial real estate information platform to which i just subscribed again. It is by far the largest and most accurate database out there. They list every office, industrial and retail building available for lease in the Dallas Fort Worth area plus tons of other markets throughout the country. They list hundreds of thousands of properties for sale throughout the country. They verify this data with their own researchers instead of just relying on the listing brokers to keep things accurate (that will never happen). They list tenant information and sales comps.
But all that information and power comes … (2 comments)

dallas: Will Technology Replace Tenant Rep Brokers? - 08/29/12 09:34 AM
That's the basic question being asked in a Wall Street Journal article yesterday. It's an interesting idea and one that has been asked many times before. In fact, the question has been asked for virtually every industry in the last 200 years. 
I am a tenant rep in the Dallas area focused on Plano, Frisco, Richardson, Addison, and Far North Dallas. So it's important that you know that up front - full disclosure. I am a little biased.
Technology usually works best when applied to a series of repetitive tasks or the collection of data. It's great at increasing the speed at … (2 comments)

dallas: The Emerging Workplace - 08/27/12 11:40 AM
Last week I attended a presentation on The Emerging Workplace. It was a presentation by Miller Office Interiors, Access Business Centers and Interprise Design.
It was interesting to hear how the workplace is changing largely due to technology and the preferred work environment of younger workers. Office layouts are getting more open and collaborative. An open space with gathering areas stimulates greater creativity than putting everyone in separate offices and cubes where they can’t see or talk to each other.
Open space is more inviting and attractive to workers who are used to spending a lot of their time in … (0 comments)

dallas: Knowledge is POWER! - 08/15/12 08:01 AM
The more imbalanced the knowledge in a negotiation, the more the side with greater knowledge can take advantage of the other side.
So many times in life we try to do something ourselves because we're too cheap to pay an expert. That's why the floor tile is crooked in my bathroom and the faucet at the kitchen sink is loose. Sure I can do it, but can I do it well and without a lot of education and practice.
It's the same in business. What am I doing myself that I should be paying someone else to do? Website? Marketing? … (0 comments)

dallas: Specialist or Generalist? What is Your Agent? - 08/13/12 01:24 PM
Several years ago I was talking to a friend in Austin and mentioned that I had sold my house in Dallas as a For Sale By Owner (FSBO).  He was surprised that it was possible to buy or sell a house without a residential real estate agent.  I was shocked that he didn't know he could trade real estate without a broker - however ill-advised that might be.
Brokers can only negotiate the sale or purchase of a house, right?  Aren't they all the same since they have access to the MLS?  Even though I've been in the commercial real estate … (1 comments)

dallas: ignite partnership - Advertising & Marketing Experts - 07/19/12 08:26 AM
This video shows one of my clients in Richardson, a suburb of Dallas, talking about his advertising/marketing agency and the work REATA did for his company. The text of the video is shown below if you prefer to read it.
I’m Mike Covert, President of ignite partnership. We’re a 4 ½-year-old marketing and advertising agency. We have 25 people, a little boutique shop, about ten active clients right now working in a wide variety of industries from telecom to CPG to professional services.
We really do different things for different clients. When our clients come to us, they're looking for … (0 comments)

dallas: Tenant Rep Advantage - Information - 07/16/12 07:23 AM
One of the most important things that a tenant representative can provide is information. Unlike residential real estate which uses the MLS (multiple listing service), commercial real estate uses several databases including Costar, Xceligent, LoopNet, CityFeet, CommercialSource, and others. Some of these are best for finding space for lease while others are better when buying a property. Some are available only in certain cities. 
Knowing where to find information that is appropriate to a particular client's needs and then how to analyze that information is the real value of an experienced tenant representative or Corporate Real Estate Advisor. The information in … (0 comments)

dallas: Help! I’m Running Out of Space - 07/09/12 06:46 PM
You’d be amazed at the number of commercial tenants that run out of space well before their lease term runs out. There are few things that are more chaotic to a business operation than having to work out of multiple locations because of poor planning. That’s why it’s vital that you plan for your growth before you start looking for space.
There are three keys to ensuring that you don’t run out of space before you run out of lease term.
The first key is to conduct a comprehensive needs analysis. And while this might seem obvious, the real question … (0 comments)

dallas: Direct Mail - Contrarian Marketing? - 02/07/12 10:23 AM
I am somewhat of contrarian. If everyone agrees on something, I'm usually the one to take the opposing view.
If I'm talking to my politically right-wing family, for example, I tend to bait them with the obvious benefits of universal health care, legalization of drugs and illegal immigration. If I'm with a bunch of left-wingers, on the other hand, I've been known to advocate the death penalty, abolition of the entitlement programs which keep the poor in their place, and deregulation of business.
It's healthy to have an opposing thought occasionally just to make sure you aren't falling into the trap … (4 comments)

 
Bob Gibbons (CASE Commercial Real Estate Partners) Rainmaker large

Bob Gibbons

Dallas, TX

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CASE Commercial Real Estate Partners

Address: 14785 Preston Road, Suite 750, Dallas, TX, 75254

Mobile: (972) 984-8580

Office: (972) 759-7843

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Anything and everything related to corporate real estate - a company's use of real estate. This is usually a company's lease or purchase of office, warehouse or retail space.


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