With demand for consumer goods, logistics spaces, and e-commerce increasing in recent months, Forney in Kaufman County has been attracting distribution and warehouse projects. The latest company making a move in Forney is VanTrust Real Estate LLC which is planning a major industrial development project in the community.
VanTrust building a distribution center in Forney
The company is expected to break ground next month on a 621,874 sq. ft. speculative industrial project. The Forney Distribution Centre will be constructed at South Gateway Boulevard and US Highway 80. Bill Baumgardner, VanTrust’s executive VP, said that over the past year there has been significant interest in North Texas as a premier industrial destination. Baumgardner also added that the market is currently in an upward trajectory, which makes Kaufman County the next frontier for firms seeking developable land.
Developers have been rushing to get more projects in the ground in Mesquite and Forney, with leading tenants such as Amazon and Goodyear inclining to the county to construct industrial and fulfillment centers. VanTrust development director, Josh Meredith said that the trend is likely to continue and the Forney Distribution Centre they are building will offer needed space to meet high consumer demand.
UC Asset has a strategy focusing on “Zoom Town”
UC Asset LP has hailed a Wall Street Journal article that echoed its innovative business strategy disrupting the real estate sector. The article titled “How Remote Work is Reshaping America’s Urban Geography” focused on the emergence of “Zoom Town.” These are smaller communities and cities turned into hubs for “mobile professionals,” which are the new generation working remotely most of their time.
Larry Wu, UC Asset founder stated that the article’s statement, which is “remote work servers the connection between where people work and live,” reflects UCASU’s management visions. Wu said that this is a concept they have promoted for months.
Georgetown University partners with the real estate community to solve ESG issues
Georgetown University’s McDonough School of Business’s Steers Centre for Global Real Estate and its board members and business leaders have partnered to launch the Steers ESG Solutions Group. Steers Centre staff and faculty with support from the Steers Advisory Services will lead the group. The group is a program that will involve undergraduate and MBA real estate students on research and real-time estate projects.
Graduate and undergraduate students will tackle advanced commercial real estate areas addressing critical environmental, social, and governance issues that include socio-economic inequalities in low-income housing, pathways to net-zero and urban farming as a housing amenity.
Century 21 Real estate named fastest growing franchise
Century 21 Real Estate LLC has been named the top Fastest Growing Franchise in the March issue of the 2021 Entrepreneur list of Fastest-Growing Franchises. The company, which will celebrate its 50th anniversary this year, is an industry leader boasting over 145,000 affiliated sales agents in over 13,000 officers across 86 countries and territories globally. The top rank cements the company’s position as a global powerhouse in the real estate industry.