Turtle Creek project, profit sharing vs. bonuses, Glade Parks: Friday's Business Briefing

Your lunchtime look at D-FW business [Your lunchtime look at D-FW business] February 23,  2018 🔎 Prefer the online view? It's [here](. Follow us on Twitter [@DMNBiz](. Prescott Realty Group wants to build a five-star hotel, condos, apartments and offices on Turtle Creek. (HKS) real estate Top Turtle Creek site eyed for hotel, residential and office project Developers who own a key property just north of Uptown are proposing a high-rise hotel, residential and office complex. Prescott Realty Group has owned the former Republic Insurance buildings at 2727 Turtle Creek Blvd. since 2014. [The Dallas-based developer previously looked at rehabbing the old buildings into new offices.]( But now Prescott plans to lure a five-star luxury hotel and also build condominiums, apartments and offices on the site near the Mansion on Turtle Creek Hotel. -[Steve Brown]( And: [A Dallas real estate developer was arrested after child porn was found on his home computer.]( Plus: [Find more D-FW real estate]( SUBSCRIBE NOW [Get unlimited digital access for $2.99 per week]( The Latest - Autos: [Enterprise, Alamo, National]( will no longer give NRA members discounts on car rentals. - Commentary: A lack of affordable housing fuels a [Dallas crisis]( that will take guts to fix. - Restaurants: Fire destroys the [Hacienda restaurant]( in Grand Prairie. - Health care: A [McKinney mom's dilemma]( is to sell her house to pay for $300,000 surgery or live in pain. - Technology: [Bell](drops helicopter from its name in move to become known as tech company. - Banking: [Haltom City man]( gets 25 years for $693K Ponzi scheme that preyed on elderly clients. Advertisement Featured Columnist: Mitchell Schnurman Tax cut bonuses won’t last, but profit sharing pays off big at TI, GM, Southwest There’s nothing wrong with $1,000 bonuses from tax cuts. (Wouldn’t we all like one?) But they can’t hold a candle to some of the profit-sharing awards being passed out in Dallas-Fort Worth. [Not only are the dollar amounts much larger, profit sharing can pay out year after year, more like a steady stream of good fortune than a trickle.]( At Texas Instruments, employees got an additional 20 percent of pay for 2017, an astounding amount for any worker. And TIers got the same hearty boost in 2016. And: [Look out N.Y., L.A., Chicago: New tax law makes Dallas even stronger]( Also: [Texas, are you ready for a tax cut windfall?]( Plus: [Find more columns from Mitchell Schnurman]( Elsewhere in Texas - Austin: Austin software maker [Bazaarvoice]( acquires Chicago e-commerce startup. (512Tech.com) - El Paso: [Fivestars](, a San Francisco-based technology company, is setting up shop in El Paso. (El Paso Times) - Houston: [Houston First CEO]( pledges to make tourism group more transparent. (Houston Chronicle) - San Antonio: San Antonio door company [Steves & Sons]( wins $58.5 million case against supplier. (San Antonio Express-News) (North Rock Real Estate LLC) retail Euless' Glade Parks Town Center will be done this summer Glade Parks Town Center in Euless will be completed this summer, creating a main area for the shopping district that already has 463,000 square feet of retail space. [It's all part of the 194-acre Glade Parks mixed-use development built and managed by North Rock Real Estate LLC](. The new Town Center area will add 180,000 square feet of retail and restaurant space. It will have a landscaped plaza where the shopping center plans to host family entertainment and events.  Last year, Euless voters approved a change to allow liquor stores in the city. As it has in other parts of North Texas, Total Wine & More is among the first to open. It plans to have a store ready in Glade Parks by this fall. Also opening this fall is Portland, Oregon-based Thirsty Lion Gastropub & Grill. Among the new stores coming is Forever 21 Red, which opens in March. Austin-based craft burger bar Hopdoddy opens in late April. -[Maria Halkias]( And: [Allen Premium Outlets to add H&M and Armani in its expansion]( Also: [Instant Pot users: Check your cooker, some melting reported]( Plus: [Find more on the retail industry]( United States Energy Secretary Rick Perry speaks to a group of workers during a visit to the Savannah River Site and Savannah River National Laboratory near Jackson, S.C., Friday, Feb. 2, 2018. (Michael Holahan / AP) energy Rick Perry touts Trump's energy agenda, saying the U.S. is 'exporting freedom' WASHINGTON — The Trump administration has put an "America first" mentality at the forefront of its policy agenda. And now Energy Secretary Rick Perry is putting an international spin on that mantra. The former Texas governor, speaking Friday at the Conservative Political Action Conference, highlighted the role that American energy independence could have on the world stage. [He touted that the U.S. is the "No. 1 oil-and-gas-producing country in the world."]( He boasted of the growth of wind energy and liquefied natural gas, particularly in his home state. And he said those domestic developments have a real impact overseas. "We don't just export American LNG around the world, we export freedom," Perry said at the gathering just outside of Washington. -[Tom Benning]( And: [Denton aims to become second 'all renewable' city in Texas by 2020]( Plus: [Find more on how the energy industry affects North Texas]( Onboarding Who is getting hired and promoted - JPI named Dallas Meade vice president construction partner, Scott St. Clair area vice president construction partner and Blake Taylor area vice president development partner. - SCHEEF & STONE LLP promoted James Griffin to partner. - TRAMMELL CROW CO. named Jake Marks principal in the Dallas-Fort Worth business. - UT SOUTHWESTERN MEDICAL CENTER named Dr. John Warner executive vice president for Health System Affairs. - VALERO ENERGY CORP. promoted Donna Titzman to executive vice president and chief financial officer. - VMG HEALTH promoted Ben Ulrich to managing director in the compensation division. Plus: [Find more executive changes]( Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges. DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them. Advertisement 👋  That's all for today! For up-to-the-minute business news and analysis, check out [DallasNews.com/Business](. 💖 Share the love: If you like this newsletter, please forward this email to a friend and [check out our other newsletters here](. 📧 Do you have feedback on this newsletter? Send your thoughts, questions, praise and corrections to our Business Editor Paul O'Donnell at [podonnell@dallasnews.com](mailto:podonnell@dallasnews.com?subject=Newsletter%20Feedback). STAY CONNECTED WITH US  [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [Tumblr]( [Google]( [Reddit](  [OTHER NEWSLETTERS]( [SUBSCRIPTION OPTIONS]( [Unsubscribe](  |  [Manage Preferences](  |  [Privacy Policy](  |  [Contact](  |  [Advertise]( You received this message because you signed up for this Dallas Morning News newsletter or it was forwarded to you. Copyright 2017 - [The Dallas Morning News]( | [508 Young St., Dallas, TX 75202](#)