Dallas Fort Worth Urban Forum

Corporate Relocations/Expansions

User avatar
Cord1936
Posts: 116
Joined: 02 Apr 2017 20:43
Location: Henderson @ Belmont

Re: Corporate Relocations/Expansions

Postby Cord1936 » 04 Jan 2018 18:49

Tnexster wrote:I love these small relocations, they are easy to squeeze into existing office space and they usually grow once they they get here.

^^^^^^^
Exactly! Small has a way of getting much bigger over time. Just looking at LST's plans for this year their new Dallas corporate office will go from 10 people up to 30 ... in percentage terms that is staggering growth in one year!

Multiply that example by how many other smaller companies moving here and doing the same thing and the organic growth to the Dallas economy starts to really add up ...

User avatar
tamtagon
Site Admin
Posts: 803
Joined: 16 Oct 2016 12:04

Re: Corporate Relocations/Expansions

Postby tamtagon » 04 Jan 2018 20:03

Not a small one, but there's also Commercicial Metal in Irving growing through acquisition. #535 on the Fortune 1000 list, the $600 million purchase adds 2,700 employees and is likely to move that company up the high profile list. Not sure if many new local jobs result.

User avatar
dallaz
Posts: 47
Joined: 26 Oct 2016 14:50

Re: Corporate Relocations/Expansions

Postby dallaz » 09 Jan 2018 17:19

Report: Dallas could be in the sights of another tech giant — Google


https://www.dallasnews.com/business/tec ... ant-google


According to Crain's, Google is looking for a regional hub outside its Mountain View, Calif. headquarters, and it plans to have between 1,000 and 5,000 people in the new location.
Crain's cited unnamed sources who say the company is in "advanced discussions" with a few cities, including Chicago, Atlanta, and Boston in addition to Dallas. Interestingly, all are cities that have often been mentioned as potential HQ2 sites.

DPatel304
Posts: 519
Joined: 19 Oct 2016 18:49

Re: Corporate Relocations/Expansions

Postby DPatel304 » 09 Jan 2018 17:49

Not bad, but that's definitely some stiff competition. I wonder if all the HQ2 buzz helped draw more attention on Dallas. No doubt that DFW has been in the spotlight for a while, but, because of Amazon, we now have renderings available to the whole country of what could be possible in Dallas.

My vote is on Boston for Google's new regional hub.

User avatar
eburress
Posts: 196
Joined: 19 Oct 2016 18:13

Re: Corporate Relocations/Expansions

Postby eburress » 09 Jan 2018 18:45

Bring 'em both home to the Silicon Skyline (a.k.a., Big D)!

User avatar
Tivo_Kenevil
Posts: 644
Joined: 20 Oct 2016 12:24

Re: Corporate Relocations/Expansions

Postby Tivo_Kenevil » 09 Jan 2018 19:03

eburress wrote:Bring 'em both home to the Silicon Skyline (a.k.a., Big D)!


We call it the Silicone Prairie 'round these parts amigo.

Tnexster
Posts: 917
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Corporate Relocations/Expansions

Postby Tnexster » 09 Jan 2018 19:08

Actually I like the idea of a smaller relocation over something like 50,000. It's much easier to absorb something in the 5,000 range.

User avatar
eburress
Posts: 196
Joined: 19 Oct 2016 18:13

Re: Corporate Relocations/Expansions

Postby eburress » 09 Jan 2018 20:15

Tivo_Kenevil wrote:
eburress wrote:Bring 'em both home to the Silicon Skyline (a.k.a., Big D)!


We call it the Silicone Prairie 'round these parts amigo.


Silicon Prairie refers to the broader North Texas area, but Silicon Skyline refers specifically to central Dallas, which will become a tech hub with HQ2 and G2. :)

User avatar
Tivo_Kenevil
Posts: 644
Joined: 20 Oct 2016 12:24

Re: Corporate Relocations/Expansions

Postby Tivo_Kenevil » 09 Jan 2018 20:30

eburress wrote:
Tivo_Kenevil wrote:
eburress wrote:Bring 'em both home to the Silicon Skyline (a.k.a., Big D)!


We call it the Silicone Prairie 'round these parts amigo.


Silicon Prairie refers to the broader North Texas area, but Silicon Skyline refers specifically to central Dallas, which will become a tech hub with HQ2 and G2. :)


Yep. But it's wishful thinking that both will relocate to DTD. We'll be lucky if we get 1.

User avatar
eburress
Posts: 196
Joined: 19 Oct 2016 18:13

Re: Corporate Relocations/Expansions

Postby eburress » 10 Jan 2018 07:41

Tivo_Kenevil wrote:
eburress wrote:
Tivo_Kenevil wrote:
We call it the Silicone Prairie 'round these parts amigo.


Silicon Prairie refers to the broader North Texas area, but Silicon Skyline refers specifically to central Dallas, which will become a tech hub with HQ2 and G2. :)


Yep. But it's wishful thinking that both will relocate to DTD. We'll be lucky if we get 1.


Oh I know. It was mostly wishful thinking and a little bit of schtick too.

In reality, if Google were to relocate I expect it's most likely that they would be looking at a campus in Legacy, similar to their Mountain View HQ. One can dream though. :)

cowboyeagle05
Posts: 542
Joined: 21 Oct 2016 08:45

Re: Corporate Relocations/Expansions

Postby cowboyeagle05 » 11 Jan 2018 09:28

It just depends on what type of employee they are targeting. They may be targeting similar millennial employees that Amazon wants that desire more urban locations. The dotcom campuses of Southern California are still more of a thing there than anywhere else. Yes, we have suburban office complexes but the dotcoms don't just do suburban buildings they build a lifestyle into their campuses, unlike even today's most advanced traditional corporate companies. Toyota, Chase and State Farm built some nice campuses with amenities for sure but they are nothing compared to the playgrounds that are the HQ's for Facebook and Google. Google, Amazon, and Facebook need to have options to compete. The urban walkable stuff some like to dismiss is still an option some of these companies don't have in their existing office space stock.

User avatar
Hannibal Lecter
Posts: 126
Joined: 19 Oct 2016 19:57

Re: Corporate Relocations/Expansions

Postby Hannibal Lecter » 11 Jan 2018 11:53

cowboyeagle05 wrote:It just depends on what type of employee they are targeting.


Google (and similar companies) target intelligent, focused, motivated workaholics without any kind of life outside of work. That's why they have 24 hour free food, onsite bars, gyms, dry cleaners, playrooms, etc... -- so the employees never have to leave the office. And this business model works very well for them.

For these kind of folks it doesn't matter what kind of neighborhood the office is located in -- because they rarely see the outside world.

And no, this is neither tongue-in-cheek or exaggeration. It's the reality of Silicon Valley. Look at Apple's new HQ building.

cowboyeagle05
Posts: 542
Joined: 21 Oct 2016 08:45

Re: Corporate Relocations/Expansions

Postby cowboyeagle05 » 11 Jan 2018 15:14

Hannibal Lecter wrote:
cowboyeagle05 wrote:It just depends on what type of employee they are targeting.


Google (and similar companies) target intelligent, focused, motivated workaholics without any kind of life outside of work. That's why they have 24 hour free food, onsite bars, gyms, dry cleaners, playrooms, etc... -- so the employees never have to leave the office. And this business model works very well for them.

For these kind of folks it doesn't matter what kind of neighborhood the office is located in -- because they rarely see the outside world.

And no, this is neither tongue-in-cheek or exaggeration. It's the reality of Silicon Valley. Look at Apple's new HQ building.


I am aware but it depends on what divisions of the company they would be locating employees for. Not every employee is locked up doing code. These companies are working in a lot of areas now including customer service and logistics areas where they might need a different office environment to attract certain talent.

User avatar
Cord1936
Posts: 116
Joined: 02 Apr 2017 20:43
Location: Henderson @ Belmont

Re: Corporate Relocations/Expansions

Postby Cord1936 » 11 Jan 2018 18:12

Please let it be HQ2!

ImageDowntown Dallas, June 2017, on Flickr

PMRG: Dallas-Fort Worth still has one big relocation on the horizon
By Candace Carlisle, Dallas Business Journal, Jan 9, 2018, 2:59pm

After some big companies relocating to North Texas took occupancy of their new homes last year, PMRG Executive Vice President Kurt Cherry says he expects to see one more big move to the region before the real estate cycle ends.
...
The longtime real estate executive says he believes another 500,000-square-foot to 1 million-square-foot deal could be on the region's horizon this year. Cherry declined to comment on specific market knowledge, but said the region is keyed up for another big deal.

"Some people think the big corporate relocations are done for a while, but I think with the educated workforce we have here and the business-friendly environment, I think we'll have one more announcement," he added.

Dallas-Fort Worth ranks as the No. 4 region in the country based on its number of Fortune 500 headquarters. Last year, North Texas added 100,400 jobs, making 2017 the fourth year in a row that the region added more than 100,000 positions.
...
Article: https://www.bizjournals.com/dallas/news/2018/01/09/pmrg-dallas-fort-worth-still-has-one-big.html

User avatar
eburress
Posts: 196
Joined: 19 Oct 2016 18:13

Re: Corporate Relocations/Expansions

Postby eburress » 12 Jan 2018 09:19

My hope is still for the two-fer, Google AND Amazon

User avatar
tamtagon
Site Admin
Posts: 803
Joined: 16 Oct 2016 12:04

Re: Corporate Relocations/Expansions

Postby tamtagon » 12 Jan 2018 11:38

I have a suspicion HQ2 may reduce the 10 year plan for 50,000 workers, 7-8,000,000 sq ft of space etc as the whole dealio plays out. Look for caveats in the incentive package outlining what's good for what.

Among most presumed top candidates, Dallas/Plano probably has ths strongest background for AWS product, EDS, Perot, ACS being some of the biggest players over the decades. Also Dallas/Plano is highly visible in brick & mortar retail, especially with Amazon Division Whole Foods just down the road in Austin.

Dallas/Plano by itself is compelling market to house Google regional whatever they intend; this is one that could land in Fort Worth; If downtown Dallas starts hosting honking-big offices like this from whatever, I absolutely want downtown Fort Worth to gain the same. Transit node being an important benefit in the string of RFPs dangling out there, the Regional benefit increases for ALL individuals if travel between Downtown Dallas and Downtown Fort Worth is convenient, efficient and non-burdensome. Specifically TRE must grow capacity; adjacent commuter rail from DTFW to the airport is the icing on the cake to improve the quality and variety of life metrics in Dallas, Irving and Fort Worth - it really is good everyone.

User avatar
eburress
Posts: 196
Joined: 19 Oct 2016 18:13

Re: Corporate Relocations/Expansions

Postby eburress » 16 Jan 2018 18:44

Didn't someone at Hillwood (I'm too lazy to look) say they wouldn't be surprised if Amazon ended up splitting their HQ2 across more than a single city in a recent interview? Your suspicion may not be far off.


Who is online

Users browsing this forum: No registered users and 1 guest

Login