Jefferson Center In Richardson

Irving-based apartment developer JPI has completed its new 360-home apartment community in Richardson.

The new 30-acre apartment community, named Jefferson Center, gives residents a resort-style pool, two clubrooms, a coffee bar, grilling and cabana areas, beach volleyball courts, a dog park, playgrounds, and event lawn with an outdoor movie theater.

The one-, two- and three-bedroom homes range from 650 square feet to 1,500 square feet of space.

Heritage Creekside In Plano

A conceptual drawing of Heritage Creekside, which will be a massive mixed-use development built by Rosewood Property Co.

A Dallas-based development firm Rosewood Property Co. is moving forward with construction a massive 156-acre mixed-use development near North Central Expressway and the President George Bush Turnpike in Plano, which will include a corporate campus.

The project, called Heritage Creekside, will include up to 1,300 apartment homes, several hundred townhomes and single-family homes, as well as retail space and a corporate campus totaling up to 2.5 million square feet of space. Construction is ready to get underway after the group received approval from the city's planning and zoning commission on Monday.

The president of the firm, Bill, Flaherty, believes that the market demand and the market forces will allow this to go forward immediately and to succeed.

One Haggard Place In Plano

The developer behind One Haggard Place has the go-ahead to move forward on the luxury residential tower, which is part of a larger mixed-use development.

Plano’s planning and zoning commission unanimously approved an 8-acre special-use permit that includes the 20-story, 484,000-square-foot high-rise. The project at W. Spring Creek Parkway at Parkwood Boulevard is estimated to bring $140 million to the tax rolls of the city of Plano, Plano Independent School District and Collin County.

Condos ranging from 1,420 square feet to 4,800 square feet with one to three bedrooms. Penthouses are planned that can be configured from 8,000 square feet to 16,000 square feet of living space.

The CEO, John Richardson, expects that there is high demand for high-rise living outside of downtown Dallas from residents looking to downsize their suburban homes.

Virginia investor buys 10 DFW apartment properties; plans millions in upgrades

In total, the real estate investment firm purchased 12 properties totaling 3,100 apartments in Dallas and Houston. The deal is the largest in its company's history. Terms were undisclosed.

Harbor Group plans to invest another $10 million upgrading the interior apartments, enhance amenities for tenants and improve curb appeal.

The deal was part of Harbor Group's strategic plan to expand its investment and operational presence in major Texas markets, President T. Richard Litton Jr. said.

Wade Park project in Frisco

The developer behind Wade Park — a massive mixed-use development in Frisco — has expanded the project's plans by 65 acres, bringing more office space to the growing city.

Georgia-based developer Thomas Land & Development LLC started on Wade Park in a groundbreaking ceremony Wednesday morning on the 175-acre mixed-used development at the Dallas North Tollway and Lebanon Road. The project seemingly ballooned overnight from its original 110-acre design.

With the acquisition of the additional land beyond the original acreage, the development will be able to eventually expand to 175 acres to increase the office space planned for the site, said Stan Thomas, president and CEO of Thomas Land & Development.

Thomas also plans to develop 1,300 apartments, 50 condominiums and 127 single-family homes with luxury amenities and concierge services.

To date, Frisco doesn't have a live-work-play center like this one in the city, and Wade Park will help launch the next phase of Frisco, said Tony Felker, president and CEO of the Frisco Chamber of Commerce. The initial phase of Wade Park is scheduled to open in spring 2016.

Indoor Ski Slope In Dallas

Dallas

Investors in The Grand Alps Resort DFW plan to build a $398 million, 1,900-foot-long indoor ski slope on 58 acres in the Dallas suburb of Grand Prairie by 2018. The investment group has raised $100 million through the State Department’s EB-5 program, through which qualified investors can receive visas for investing in projects that create jobs in the U.S. The project received $68 million from private-equity investors and another $35 million from Grand Alps itself, which is also building indoor ski resorts in Brazil, Malaysia, and China.                                                   

This is an amazing idea for me and whoever loves skiing or snowboarding around DFW area. Every winter I have to drive all the way up to New Mexico or Colorado. After the construction finished in 2018, I can enjoy snowboarding all the seasons and do not have to make 12 hours long drive to get ski slopes. The city of Grand Prairie made a good decision, and I believe it will bring good revenue to the city and the community.

BLOG ASSIGNMENT #2 Task #3:

Public Restrictions on Real Estate

Public restrictions on real estate arise from governments’ powers. Public restrictions include taxation, eminent domain, police power, and escheat. Taxations is the government levies both property and income taxes. Eminent domain is a government can acquire property for a public use, even if the owner does not want to sell, as long as the owner receives just compensation. Police power is governments’ power of regulation, which gives them the ability to protect the public health, safety morals, and general welfare.

Provide one real life example from an article or video of a dispute or news event related to a “Public Restriction on Real Estate”

http://www.clickorlando.com/news/orlando-church-hires-top-law-firm-in-stadium-dispute/26450784

                                                            

BLOG ASSIGNMENT #2 Task #2:

Private Restrictions on Real Estate

A number of restrictions on land are a result of actions by government units. Many restrictions, however, are created by land developers. Such devices take several forms of can be either positive or negative in nature. They include covenants, conditions, restrictions, liens, easements, profit a prendre, adverse possession, and encroachments.

Provide one real life example from an article or video of a dispute or news event related to a “Private Restriction on Real Estate”

http://www.bizjournals.com/charlotte/blog/real_estate/2014/06/easement-agreement-at-center-of-ballantyne-village.html?page=all

BLOG ASSIGNMENT #2 Task #1:

Real Estate

Real estate is the physical land and appurtenances (all improvements or buildings) affixed to the land. Real estate is immobile, tangible, and natural part of land. Simply, real estate is any attachments above and below ground (fixture).

Real Property

Real property includes all interests, benefits, and rights inherent in the ownership of physical real estate. Real property is called “Bundle of Rights” due to the fact that there are multiple “rights” associated with each piece of property: right to use, sell, lease, enter, give away, etc…

Provide one real life example from an article or video of a dispute or news event related to a property rights. 

http://www.bizjournals.com/sacramento/news/2014/10/24/dispute-over-state-owned-buildings-heads-to-trial.html

Task #2-Interesting Parcel of Real Estate

Lotte World Tower

The Lotte World Tower is the supertall building in the capital of South Korea, Seoul. This tower fascinated me when the government and Lotte Inc. announced that they were going to build because it is located close to where I grew up. Once completed, it will be the tallest building on the Korean peninsula, a title currently held by North Korea's Ryugyong Hotel.

After 13 years of planning and site preparation, the tower gained final approval to start construction by the government in November 2010 and the first groundbreaking activities of piling and frame assembly was observed at the construction site on March 2011.

As of July 2014, nearly 70 floors have been completed. Once completed, it will be 1,824 ft tall with 123 floors above ground. 

Concerns:

Sinkholes- Starting in June 2014, residents in surrounding neighborhoods began to notice small sinkholes forming and a nearby lake had been shrinking. The cause of this is unknown but authorities have said they are unrelated to the construction of the tower. However, an advisory team of lawyers, engineers, architects, environmentalists and university professors were asked to submit their opinions on the construction site, if there are any dangers to the tower, and to see if indeed the sinkholes are caused by the tower's construction.

Traffic- The area called Jamsil is traditionally packed with people and vehicles. There are three lines of subway and a number of buses and bus stops. This area already has problem with this unsolvable traffic jam. The residents of the area are unwelcoming this giant building which increase enormous number of people and vehicles. Neither the governmental authorities nor the Lotte Inc. has suggested the solution. It is obvious that the traffic problem will be worse. 

Task #1-Introduction

Howdy,

Welcome to my blog, Aggies! My name is Du Hyun (Dewey) Sung, and I am a senior finance major from Seoul, South Korea. I love to be involved with school activities, so I joined the Corps of Cadets. Wearing the traditional senior boots is my honor and one of my biggest achievements so far in my life. I feel blessed being in this great school. Outside of my life on campus, I have been involved in many activities. I can say it has been quite dramatic. I joined the Republic of Korea Army when I was 20. I spent two years there. During the period, besides shooting and fighting, I learned a lot of good stuff that still motivate me and keep my life in some degree of intensity. Also, my interest in the business world began to grow during that time. It was a valuable time. I enjoy many hobbies such as snowboarding, swimming, playing soccer, traveling and socializing. Every winter, I drive to Colorado or New Mexico to go snowboarding.

I have always loved real estate, lands and buildings. My grandmother accumulated her wealth by investing lands and buildings while the Korean economy was booming. I inherited the sense of looking at real estates from my grandmother. Since I was young, my grandmother drove me around lands and buildings. She often asked for my opinion, even though I was so little. This is how my interest of real estate grew. When I complete this course, I expect to be able to knowledgeably view and evaluate real estate.

I have very fixed short term and long term career goals for my life. For the short term, I'd like to get hired by some investment banks that has one of their departments focus on real estate. I'd like to work as an investor. The field of real estate fascinates me more than stock markets because it is less risks and more tangible, and doesn't fluctuate a lot over the time. With all the money I earn from my job, I will franchise my brother's restaurants and also get into leasing building businesses. This is my long term career goals.

I love travel. I will visit every country in the world before my time comes. Skydiving is also on my bucket list. I have a fear of heights, but I will try.

I always update myself with news about what is going on in my country and in the world. The site I insert below is a Korean website where I usually read news articles.

www.daum.net