Photos and video / Briggs Freeman Sotheby’s International Realty
It has been an exciting week in the ranch world with the announcement of the historic sale of the W.T. Waggoner Ranch, listed at $725 million and represented by Bernie Uechtritz of Briggs Freeman Sotheby’s International Realty.
The Dallas-Fort Worth region is looking forward to continued, healthy growth in the real estate market in 2016, according to a range of reports by real estate experts nationwide.
“Our growth following the downturn has been slow, steady and sustainable,” said Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty. “Thanks to the dedication and expertise of our region’s leaders, economic development in all sectors has supported a vibrant real estate market.
Relocating corporations are choosing to work with DFW’s luxury leader—connecting buyers and properties across North Texas. Photos / Briggs Freeman Sotheby’s International Realty
Why are California companies moving their headquarters to DFW? According to several economic experts, a pro-business environment and favorable cost of living are the main reasons why 64 corporate headquarters have moved here since 2010.
That’s nearly one per month, with almost half coming from California.
Citing easy access to North Texas neighborhoods, these business leaders are choosing the right place to fit their lifestyle—a resort-like custom home in Fort Worth, a high rise in Uptown, a Southlake estate with acreage, a large lot with mature trees in Preston Hollow.
Since joining Sotheby’s International Realty in 2010, relocation business for Briggs Freeman Sotheby’s International Realty is up 389 percent and incoming referrals have risen 63 percent—a testament to the global power of the brand.
Learn more about living in North Texas. Visit the Best Neighborhoods Site.
For more luxury homes throughout North Texas, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.
Photo / Shutterstock
Foreign investors love the U.S. residential housing marketing, according to a recent report by CNN Money.
Purchasers from Canada, Mexico, India and the U.K. are leading the pack right now, and they’re bullish on the country’s growth indicators, according to the report.
Says CNN Money:
“The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years.
“And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply.”
For the full report, click here: money.cnn.com
Even more close to home, a survey by PriceWaterhouseCoopers and the Urban Land Institute found that Dallas-Fort Worth is the top market to watch for overall real estate prospects. That means investment, development and homebuilding are booming, according to the Emerging Trends in Real Estate 2016 report.
Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.
Photos and video / Briggs Freeman Sotheby’s International Realty
As the Fort Worth real estate market grows month over month, this announcement continues Briggs Freeman Sotheby’s International Realty’s position in key neighborhoods and offers homeowners a luxury brand with a strong local and global reach when listing their homes.
The home at 4505 Cherokee Trail in Dallas’ Bluffview neighborhood offers incredible privacy, but is just minutes from Downtown Dallas. Listed for $2,800,000. Photos / Briggs Freeman Sotheby’s International Realty
Chinese are now by far the biggest foreign buyers of U.S. real estate in terms of units, dollar volume and price paid, according to a report from the National Association of Realtors, which tracks property purchases across the country.
In the past few years, Asian investors seeking stability have snapped up chunks of commercial real estate across the U.S. And in 2015, this flow of money from east to west should strengthen as new players from the Asia/Pacific region jump into the market, according to Emerging Trends in Real Estate-Global Outlook, a study by PwC and the Urban Land Institute based on interviews and surveys they did with more than 1,000 professionals.
Robbie Briggs and his team of international business experts from Briggs Freeman Sotheby’s International Realty are promoting U.S. real estate opportunities in China through multichannel marketing throughout Greater China.
From the desk of Ben A. Briggs, Executive Vice President, Greater China:
Summer travel: Investor Visits
We have sold or put into contract around a dozen properties in the past two months, hosted a client visiting a $700 million Manhattan office building, signed a contract for a 200-unit multifamily development, and have helped organize U.S. investment tours. Chinese investors are making headlines in Boston, Seattle, Texas, California, Florida and across the globe. The demand is palpable. I’m going to be in the U.S. through July. Please email me so we can meet up.
$15 million LA or Las Vegas development
Client seeking LA or Las Vegas development project with equity opportunity of $10 million-$20 million capital aiming for about 20 percent annual return.
$20 million multifamily
Chinese real estate private equity funds are seeking multifamily development opportunities with strong return in gateway cities or otherwise promising markets. Typical equity contribution is $10 million-$25 million.
500 houses per year
One Shanghai client is helping Chinese buy 500 newly built single-family homes per year. We are actively looking for single-family developers wanting to sell units.
$500 million Class A asset
Institutional investors seeking large core properties in gateway cities. Landmark opportunities welcome. Either Class A, high-quality, stabilized office buildings or iconic luxury hotels are preferred.
$80 million condo/mixed development
Client seeking New York luxury condo development with hotel ans retail component. They will place $80 million capital aiming for 20 percent annual return.
$5 million-$15 million self storage
Client looking for self storage projects in Texas, open to other locations. If the yields are good, he can close quickly.
$10 million-$100 million development project
We have several investors looking for real estate development projects in this price range. One likes building condominium projects. One is interested in a hotel development. Others prefer stabilized assets. Please let us know as new projects are getting started.
Ben Briggs 班秉善
Executive Vice President, Greater China 大中华区执行副总裁
Briggs Freeman Sotheby’s International Realty, BF苏富比国际房地产
5600 W. Lovers Lane
Dallas, TX 75209
Ben Briggs, Executive Vice President in Greater China for Briggs Freeman Sotheby’s International Realty, discusses the latest moves by the Chinese government to make the RMB capital account more freely convertible in 2015. Ben is based full-time in China, and has been conducting international business in Europe and Asia since 2000. Within the last year, Ben and team have located investors seeking to make capital investments ranging from $10 million to $1.5 billion, sold over a dozen properties bringing millions of dollars to the U.S., and are working with a Chinese developer on a major live-work-play multifamily high-rise in central Dallas. The team hosted another client in New York to tour a $700 million office building.
Briggs and his team are actively looking for the top investment partners in the US to help manage Chinese real estate assets. The company CEO and Ben’s father Robbie Briggs lived in China for three years, serving as Chairman of the Board of the International School of Beijing. The fact that principals have lived in China gives unique insight and perspective for developing custom strategies that meet individual and business objectives.
Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 200 agents in seven offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 16,750 agents in 760 offices worldwide.