New projects in North Texas (08/02/2023)
Here’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Centene CEO Sarah London executes new strategy, seeks to balance civic investments
As executive director of Civic Progress, Tom Irwin said that he and Michael Neidorff, the late chairman and CEO of Clayton-based Centene Corp., shared the same belief about the role big businesses play in the places they call home.
“If you are located in a community and you have a large number of employees, de facto you have an obligation to that community,” said Irwin, who retired in 2018 as head of the now-defunct organization comprised of CEOs and other leading executives in the St. Louis…
Department of Labor sues UnitedHealth unit over denied claims
The government alleges that UMR Inc., a Wisconsin-based administrator owned by UnitedHealth, improperly denied payments for emergency room visits and urine drug screens.
Scottsdale investor acquires newly built Phoenix build-to-rent property; plus 9 other deals to know
Scottsdale-based Avenue North LLC just sold its 80-unit south Phoenix build-to-rent community, Proximity Baseline, and now it's the lender for the new buyer. In other news in this week's Business Journal real estate roundup, three Valley hotels have changed hands, a new data center has opened and the Valley recorded its largest retail CRE transaction so far this year.
Homebuilder gains steam in huge JoCo development
A Charlotte-area homebuilder is adding more homes to its subdivision in the Flowers Plantation development in Clayton.
The Dolly Llama dessert chain location in Elk Grove temporarily closed for alleged health, safety violations
New-to-market dessert franchise The Dolly Llama has been ordered to temporarily close by the city due to alleged health and safety code violations.
Ellianos Coffee to expand in Orlando
The chain has more than 110 locations in the pipeline across the Southeast.
7 Brew drive-thru coffee to open first of 80 Houston locations in Spring Town Center
The Arkansas-based drive-thru coffee chain has installed its pre-manufactured building and is getting ready to open this fall.
Luxury RV dealership buys Bradenton industrial site for $18.3 million
The company intends to move its HQ to the facility and launch The Motorcoach Club, a new service for luxury RV owners.
Peak home selling season wraps up in metro Denver
Metro Denver’s housing market ran cool in July, with closings off 16.3% from June and price gains showing signs of flatlining, according to a monthly update from the Denver Metro Association of Realtors.
The number of homes and condos sold fell from 4,395 in June to 3,677 in July. Over the year, sales are down 18.5% as higher mortgage rates reduce affordability for would-be buyers.
New listings also remain off substantially, down 15.3% month-over-month and nearly 25% over the past year. Sellers holding low mortgage rates, many below 3.5% on a 30-year loan, are hesitant to list their properties and borrow at rates of around 7%, a phenomenon known as the “golden handcuffs.”
More sellers who do list are having to provide buyers with concessions to get deals done. About three in 10 sales involved a concession in June of last year and this June, the figure was closer to one in two, with the average amount of assistance at $7,295, according to Libby Levinson-Katz, chairwoman of the DMAR M..