- Newmark hired four industrial brokers away from JLL in Dallas recently. Dustin Volz and Stephen Bailey were named vice chairmen and co-heads of Texas industrial capital markets. The firm also hired Dom Espinoza as its senior managing director and Zach Riebe as managing director. The four combined have completed over $7 billion in industrial transactions on behalf of institutional, corporate and private clients over the last two years, according to a release from Newmark.
- A venture capital fund founded by the CEO of Dallas-based Rogers Healy and Associates has raised more than $10 million since it was founded in September 2022, the Dallas Business Journal reported. Morgan Seger Venture Capital Partners focused on Austin-based cookie delivery company Tiff’s Treats with its first capital raise. Since then, it has invested in Plano-based G.O.A.T. Fuel, NFL Hall of Famer Jerry Rice’s sports drink company, as well as a tequila brand based in Toronto, a laundry detergent maker called Laundry Sauce, New York City-based Catch’N Ice Cream and a New Jersey-based software development company, CollX. Rogers Healy, who lives in Dallas with his wife and child, is also known for his music memorabilia collection. His namesake brokerage has focused on residential but has a fast-growing commercial division and opened a ranch and land division in 2022, the DBJ reported.
- Dallas-based commercial real estate firm Mohr Partners won one of the Dallas Business Journal’s awards for leadership in diversity recently. The company, helmed by chairman and CEO Robert Shibuya, has more than 200 employees.
- Austin-based real estate executive Ray Wilkerson won the W. Neal Kocurek Special Achievement Award from the Austin Business Journal recently. Wilkerson “played an outsized role in shaping the region’s utility and transportation infrastructure,” the outlet wrote. He was the first chairman of the Lower Colorado River Authority and is a past chair of the Central Regional Mobility Authority. He has served 31 consecutive years on the boards of state agencies.
- Dallas’ own Ross Perot Jr. is making big moves on the West Coast. The billionaire’s Hillwood Development Company paid $543 million to purchase the majority of a 633-acre NASCAR-owned former racetrack in Fontana, California, The Real Deal reported. Hillwood is planning to redevelop the land into a massive logistics center, but racing is still in the cards. NASCAR kept 90 acres for possible development of a half-mile track.
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Development
Dallas
Movers & Shakers: Concho Minick, Colin Cross, Hanes Chatham Jr.
Development
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Movers: Partners Real Estate hires DFW brokerage head