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Commercial Real Estate

Leading Off (6/2/17)

Mayor Rawlings heads to Canada, Judge Clay Jenkins proposes a cut to the property tax rate, and The Palm is closing.
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Dallas Mayor Mike Rawlings Will Visit Canada Amid NAFTA Concerns. Fort Worth Mayor Betsy Price will join him June 11-16 as he meets with officials in Toronto and Montreal. With the future of the North American Free Trade Agreement unknown, the two mayors hope to foster relationships with Canadian leaders and promote free trade in North America.

An SMU Student Has Been Punished For Her Response to Racist Fliers. In November, the campus was plastered with several alt-right-inspired fliers that detailed “Why White Women Shouldn’t Date Black Men.” Upset by the display, 25-year-old Emily Walker created and distributed a flier titled “Why White Women Should Date Black Men” as a rebuttal. Now, she is on disciplinary probation following a months-long investigation by campus officials.

Judge Clay Jenkins Proposes a Cut in the Property Tax Rate. Higher property taxes bring rent increases, which directly impact many working families as half of Dallas County’s residents are renters. This is the second year in a row that Jenkins has proposed cuts to the county property tax rate in an effort to help working families.

This Downtown Skyscraper Will Be The Tallest in Three Decades. The 45-story apartment high-rise, which will be built by Chicago-based developer Amli Residential, will go up next to Fountain Place on the north side of downtown. The tower will hold 367 units and will take about two years to build. This will be the tallest new downtown building since the 55-story Chase Tower opened in the late ’80s.

The Palm Restaurant Is Closing. In a letter to customers, the owners of the West End restaurant cited a concern for safety and welfare as their reason for closing. The 33-year-old restaurant, which served as shelter for an injured officer during the July 7 ambush, will remain open through June 30. The Palm’s owners hope to find a new location for the restaurant in Dallas.

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