An updated contemporary homes sits on this 122.19 acre equine facility in Valley View, Texas. Listed for $1,695,000. Photos / Briggs Freeman Sotheby’s International Realty
Real estate and its impact on the bottom line is a key consideration why California companies are moving to the area. DFW’s real estate offers a compelling economic story for companies considering relocation—office, industrial, raw land, and housing prices that can trim 30-50 percent off the cost of comparable options on the West Coast.
The downturn in oil prices could benefit the Dallas-Fort Worth real estate market as international investors begin to broaden the scope of their holdings in the U.S., according to Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty.
“A lot of international money that was being invested in cities like Houston is going to be refocused,” Briggs said during a recent radio interview. “We’re already seeing more international investors looking seriously at Dallas.”
By David S. Jones, Senior Editor, Real Estate Center at Texas A&M University
COLLEGE STATION, Tex. (Real Estate Center) – American investors should be wary of purchasing real estate in markets where there is heavy foreign investment, said the chief economist for the Real Estate Center at Texas A&M University.
“Foreign investors are purchasing real estate for noneconomic reasons,” said Dr. Mark Dotzour, “and this is pushing the yield down to very low levels for certain markets in America’s largest cities.”
Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty joined son Ben Briggs for the opening of the Sotheby’s International Realty’s new Beijing office and to address investor interest in Texas ranchland. Photo / Briggs Freeman Sotheby’s International Realty
“Throughout the region we found businessmen, investors and professionals who have a strong interest in U.S. real estate,” said Briggs, who recently lived in China for three years. Briggs also attended the opening of the newest Sotheby’s International Realty office in Beijing, the latest addition to the global company’s network of 700+ offices.
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 six offices in Dallas, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.
Large properties such as the historic Robinson Ranch in Blanco County are attracting interest from international investors. Listed for $10,395,625. Photos / Briggs Freeman Sotheby’s International Realty
“Throughout the region we find businessmen, wealthy investors and professionals who have a strong interest in U.S. real estate,” said Briggs, who recently lived in China for three years. “They want to buy homes. And they have a strong desire to own Texas ranches, farms and land.”
The DFW area was recently ranked in the top five in the nation in metropolitan job growth. Strong economic growth, a business friendly environment and a fantastic lifestyle are motivating Toyota and other corporations to relocate to our area.
Whether you’re talking about sprawling ranchland, urban sites for luxury high-rise projects, or residential lots, interest in (and competition for) land in Texas has built steadily over the past several years.
It makes sense – especially when it comes to ranch and land, Texas has plenty of it. With a growing economy and highly rated quality of life in North Texas, we’re seeing a great deal of interest in land at all levels. We asked our expert agents at Briggs Freeman Sotheby’s International Realty to give us some insight into the trend.
It’s a beautiful day in Miami! The 2014 Sotheby’s International Realty Global Networking Conference kicks off tonight, bringing together more than 1,400 top agents and brokers from around the world to network, share referrals and learn the latest market information.
Twenty agents, brokers and leaders from Briggs Freeman Sotheby’s International Realty are attending the four-day conference at the historic Fountainbleau hotel on Miami Beach. Presentations from industry leaders will focus on sharing the latest international market data, building global referrals, harnessing the power of effective storytelling and more. Pat Riley, President and Former Head Coach of the Miami Heat, will share his expertise on leadership, mastery and understanding the shifting dynamics of a team.
Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty, will join a panel of industry experts discussing the importance of creating a network within a network to successfully develop a profitable referral business.
“The Global Networking Event is a great opportunity to reignite old relationships and make new connections,” said Briggs. “We’re meeting agents who are doing business across Europe and Asia, in Canada, Dubai and throughout South America, not to mention New York, Chicago, California, and of course, Miami.”
Stay up to date on all the highlights from the 2014 Global Networking Event! Click here to see the social stream.