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Texas Instruments, high-end apartments, law firms adding space: Tuesday's D-FW buisness news

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Tue, Oct 23, 2018 06:33 PM

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October 23,  2018 🔎 Prefer the online view? It's . Follow us on Twitter . The Big Story

October 23,  2018 🔎 Prefer the online view? It's [here](. Follow us on Twitter [@DMNBiz](. (DMN Staff) The Big Story Law firms are growing their office footprint in North Texas Law firms are gobbling up thousands of square feet of Dallas-Fort Worth office space. In the last year, legal firms have taken almost a half million square feet of offices in North Texas, according to a new report by commercial property firm CBRE. That makes them one of the top consumers of local business space. [Relocations by local firms and expansions by national legal firms including Winston & Strawn, Barnes & Thornburg and Kirkland & Ellis have added to the leasing volume, according to CBRE.]( "Never in my real estate career have I seen so many national law firms opening Dallas offices. It is simply unprecedented," Phil Puckett, Executive Vice President and leader of CBRE's Law Firm Practice Group in Dallas, said in a new report. Advertisement The Latest Frisco Station lands another big office deal [Engineering and design firm Kimley-Horn]( is moving to the new Frisco Station development. Czech firm to set up U.S. HQs in San Antonio [Okin Business Process Services]( will invest at least $23 million in the headquarters at Brooks City Base. All eyes on Texas Instruments' Q3 results [The world's largest maker of analog chips]( is expected to report third-quarter revenue of $4.3 billion 'Frack Master' of Texas oil fame, pleads guilty to fraud Currently, [Christopher Faulkner]( is in federal prison in Seagoville and faces 12 years in prison. Finegolds move Dallas boutique KidBiz TheBiz When the lease is up and the shopkeepers are around retirement age, many local merchants will call it quits. [Not Janet and Jay Finegold.]( Rents in the new McKenzie residential tower on the edge of Highland Park average $5,000 a month. (Louis DeLuca / Staff Photographer) spotlight Dallas-Fort Worth leads the country in share of new high-end apartments Last year, almost 100 percent of the apartments built in Dallas-Fort Worth had something in common: They were all high-end rental units. With developers in the biggest apartment-building market in the country aiming for the same slice of the rental pie, North Texas now ranks high among markets with the largest share of pricey, luxury apartment building. [D-FW has more high-end apartment buildings than any other metro area in the country](, according to a study by Yardi Systems, just as in 2017. Nationwide, 8 out of 10 apartment communities that opened last year targeted high-end renters. "Encumbered by high construction costs and encouraged by a surge in demand for rentals, developers have bet big on high-end apartments," Yardi analysts say. 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.  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]( [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 2018 - [The Dallas Morning News]( | [1954 Commerce St., Dallas, TX 75201](#)

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