Latest news with #Dallas-based
Business Wire
a day ago
- Business
- Business Wire
DFW LAND Acquires 112 Acres on Preston Road in Celina for Mixed-Use Development
CELINA, Texas--(BUSINESS WIRE)--A major land acquisition in one of North Texas' fastest-growing corridors is setting the stage for a mixed-use development in Celina. DFW LAND's Vijay Borra has purchased 112 acres from the Choate Family at the high-profile intersection of the Collin County Outer Loop and Preston Road. Situated at the crossing of three major thoroughfares, the property is adjacent to two major retail projects: a Walmart Supercenter-anchored development, which is currently under construction and a future H-E-B-anchored development, further solidifying the area as a retail and commercial destination. The transaction was brokered by David Davidson, Jr. of Davidson Bogel Real Estate (DB2RE), in partnership with his father, David Davidson, Sr. of Davidson Real Estate. "50 years ago, when Preston Road was a two-lane dirt road north of 635, I started building relationships along Preston and the Dallas North Tollway," said Davidson Sr. "I met Ben Choate in the late 80s and have been friends with the family ever since.' The Choate Family has deep roots in Collin County. In 1855, John & Margaret Choat (the 'E' on Choate was not picked up until later) founded the oldest town in the County, Weston, when they and two other founding families donated 22 acres and 35 poles. Throughout the late 1800s and early 1900s the Choate Family farmed land in Weston and Celina which eventually became their home where they opened the Choate Family Pharmacy in 1922. Ten years following the opening of the pharmacy, Clyde Barrow, of the infamous Bonnie and Clyde, broke into the Choate Family Pharmacy accidentally mistaking it for the neighboring hardware store. DB2RE has been retained by the developer, DFW LAND, to target retail, medical, hospitality, and office users, as well as identify a multifamily development partner, should residential components be included in the final master plan. 'The location on the Outer Loop at Preston Road places it at the epicenter of infrastructure investment, retail expansion, and population growth,' commented Borra. 'Working with a town like Celina is a breath of fresh air as they know how to successfully balance a pro development mentality while prioritizing the community's needs and history in a rapidly growing market, which is not easy.' With regional infrastructure rapidly expanding alongside population growth the development is poised to meet surging demand for retail services, housing, and employment space. Planning is underway, and additional announcements regarding project partners and timelines are expected in the coming months. About Davidson Bogel Real Estate (DB2RE): Founded by David Davidson, Jr. and Edward Bogel in 2015, the base principle of the company is exceptional client service. DB2RE is a Dallas-based commercial real estate brokerage specializing in urban redevelopment and suburban land, retail, and mixed-use development throughout North Texas. The firm is known for its deep market knowledge and its role in some of North Texas' most impactful land transactions. As second-generation land brokers, David and Edward honor their heritage by including 2 in the abbreviated version of Davidson Bogel Real Estate (DB2RE).
Miami Herald
a day ago
- Business
- Miami Herald
‘We Buy Ugly Houses' business implicated in major fraud
You just can't miss those "We Buy Ugly Houses" signs. In some cities, it seems like the bold black-on-yellow pitches plastered on telephone poles and open spaces have become a fixture in neighborhoods - promising fast cash for distressed homes, no questions asked. Selling a house for cash is appealing for some homeowners because of how fast the transactions can go through. In some cases, the deal can be done in a week. Often no appraisals or inspections are required, since the terms are usually "as is." Don't miss the move: Subscribe to TheStreet's free daily newsletter The prospective buyer doesn't have to go through a lengthy mortgage-approval process, so ultimately a cash offer can reduce the risk of the deal falling through. On the other hand, agreeing to a cash offer means the homeowner might also be taking less than the house could ultimately sell for on the open market. The negotiations might also be a bit more difficult because of the "take it or leave it" nature of these kinds of deals. People looking for these deals because they need quick cash are also vulnerable to scams. It turns out that those looking to invest in cash-buying businesses are also at risk of being defrauded. Behind some of those ubiquitous "we pay cash" signs was a con. Charles Carrier, a Dallas-based franchisee who rose to the top of the HomeVestors system, is now pleading guilty to federal wire fraud in a scheme that duped nearly 80 investors out of $40 million. His company, C&C Residential Properties, looked like a real estate success story - flipping houses, offering investors 8%–10% returns on short-term loans supposedly secured by distressed residential properties. C&C was flying the flag of a nationally trusted brand. Prosecutors say the success was mostly smoke and mirrors. Related: One of Texas's oldest BBQ joints is closing permanently after 34 years Carrier allegedly forged documents, pledged the same properties to multiple lenders, and used new money to pay off old debts. Now, he's taking a plea deal that covers just one $200,000 wire transfer. Another $39.8 million in alleged fraud is outside the scope of the plea. While his guilty plea covers just the single wire transfer, court documents and a ProPublica investigation allege far broader misconduct dating back to 2018. C&C Residential Properties was a top-producing HomeVestors franchise. But prosecutors allege Carrier forged loan documents, falsified lien records, and layered multiple loans on single homes - ultimately diverting funds to repay earlier investors and support his lifestyle. Though he faces up to 20 years in prison, many victims are outraged that the plea doesn't reflect the full extent of the damage. With sentencing still to come, Carrier has agreed to liquidate assets in an attempt to repay investors. However, the financial recovery is expected to be slow and partial at best. It also raises questions about franchise oversight and investor protection in private real estate lending. The fallout from Charles Carrier's scheme has been devastating for dozens of everyday investors - many of whom trusted him based on his ties to the "We Buy Ugly Houses" brand. Retirees, widows, and small business owners thought they were funding safe, collateral-backed real estate flips. One investor lost $1.1 million; another retired early and may now be forced to return to work. A father and son lost $500,000 combined. Some investors received fake notary stamps and forged deeds, while others discovered their liens weren't registered with county officials, all according to the ProPublica account. Related: FedEx layoffs signal a concerning business trend Despite HomeVestors' national presence, its internal audits reportedly focused on fee compliance rather than the financial health of franchisees, according to the report. The company revoked Carrier's franchise in late 2024, but only after investor complaints and ethics hotline tips mounted. HomeVestors has sued Carrier for trademark violations but maintains the company is not liable for his actions. Meanwhile, victims are racing to recover losses through civil suits and asset seizures, often competing against each other. Though the one federal wire fraud charge could land Carrier in prison for up to two decades, some investors argue the plea deal falls far short of justice. Carrier's attorney claims the former executive never intended to defraud anyone, blaming market conditions and insisting Carrier planned to repay all investors. Related: Wells Fargo faces another serious customer scandal The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
2 days ago
- Business
- Business Wire
Voyage Capital Group Closes Acquisition and Construction Loan for AC Hotel by Marriott at Denver Gateway Park
DALLAS--(BUSINESS WIRE)--Voyage Capital Group, a Dallas-based real estate investment and development firm, is pleased to announce the successful closing of an acquisition and construction completion loan for the AC Hotel by Marriott located at Denver Gateway Park in Denver, Colorado. Voyage Capital Group has closed financing for a 146-key AC Hotel by Marriott in Denver Gateway Park, with opening slated for late 2026. Share The financing was originated by Peachtree Group, based in Atlanta, Georgia, and includes a strategic capital stack that combines Senior Debt with Commercial Property Assessed Clean Energy (CPACE) financing to support the development and completion of the hotel. Learn more at The project will feature a 146-key, seven-story, approximately 75,000-square-foot AC Hotel — part of Marriott International's rapidly expanding lifestyle portfolio. Construction is actively underway, with the property expected to open in late 2026. Accurate Builders, headquartered in Dallas, Texas, has been selected as the general contractor for the project. With a proven track record of delivering high-quality hospitality projects across the country, Accurate Builders brings extensive expertise to ensure successful execution. Learn more at AC Hotels by Marriott, originally founded in Spain and incorporated into Marriott's global portfolio in 2011, is known for its modern, European-inspired design, sleek aesthetics, and curated guest experiences. The brand appeals to both business and leisure travelers seeking a sophisticated and efficient hotel stay, with a focus on purposeful design, locally inspired touches, and high-end amenities delivered with understated style. Jai Desai, President and CEO of Voyage Capital Group, commented: 'This was a highly complex project with many moving parts, but we were able to bring it to fruition thanks to the exceptional team at Peachtree Group. Their expertise and commitment were instrumental in getting this deal across the finish line. A special thank you to Michael Harper and Peter Laack — we look forward to many more successful transactions together in the future.' The AC Hotel at Denver Gateway Park is expected to be a prominent addition to the local hospitality landscape, offering guests elevated accommodations in a fast-growing submarket of Denver. About Voyage Capital Group Voyage Capital Group is a Dallas-based real estate investment and development firm focused on value-add and opportunistic projects, with a specialization in hospitality. The firm has a national footprint and an active pipeline of acquisitions, ground-up developments, and brand conversions within top-tier hotel markets.
The Star
3 days ago
- Business
- The Star
Mitsubishi in advanced talks on US$8bil Aethon deal
A deal would likely be structured as a purchase of Aethon's portfolio. — Bloomberg TOKYO: Mitsubishi Corp is in advanced talks to buy the assets of Aethon Energy Management for close to US$8bil, according to sources, in what would be the Japanese conglomerate's biggest ever acquisition. Mitsubishi could announce a deal with the US energy-focused investment firm in the next couple of months, according to the sources. Abu Dhabi National Oil Co had also been considering a potential transaction involving Aethon, Bloomberg News reported in April. A deal would likely be structured as a purchase of Aethon's portfolio, which includes natural gas production operations and midstream assets. Dallas-based Aethon is among the most active drillers in the Haynesville shale basin that straddles East Texas and northern Louisiana. Aethon is close to several liquefied natural gas (LNG) export terminals along the Gulf Coast. Mitsubishi, one of Japan's major trading companies, is a key supplier of LNG and has a stake in a US export facility in Louisiana. Japan's government sees the artificial intelligence (AI) boom potentially lifting power demand over the next decade, and has urged the nation's private firms to invest in gas. The talks mean that Mitsubishi is looking to double down on one of its most profitable business segments: natural gas. Japan's trading houses, which include Warren Buffett's Berkshire Hathaway Inc as an investor, have outperformed the market over the last few years due in part to strong profits from overseas gas and LNG projects. 'Given the shortage of power due to AI demand, everything related to energy is generally positive,' said Shuji Hosoi, senior strategist at Daiwa Securities Co. That said, there are worries about whether it may be overpaying for the purchase, like the steep premium Nippon Steel Corp hads agreed to pay for US Steel Corp. — Bloomberg
Time Business News
4 days ago
- Business
- Time Business News
Mobile and VR App Development Trends Emerging from Dallas
We are living in an era where digital transformation is no longer optional—it is a strategic necessity. As businesses compete for attention and user engagement, two parallel revolutions are unfolding: the growth of mobile app development in Dallas and the meteoric rise of VR app development. These two technologies are not just converging—they are amplifying each other, unlocking unimaginable potential for the future of interactive digital experiences. In this article, we explore how Dallas is quietly becoming the heart of mobile innovation, while VR development is ushering in a new wave of immersive, intuitive, and intelligent applications across industries. The shift from coastal tech giants to inland innovation centers is no longer just a trend—it's a movement. Dallas, Texas, is now among the top cities in the U.S. for scalable and custom mobile app development company. This rise is backed by a potent mix of business-friendly regulations, robust technical talent, and a culture of innovation. Dallas-based mobile app developers are offering more than just app coding. They are building end-to-end digital ecosystems—from strategy and UX design to deployment and post-launch optimization. ✅ Explore the best mobile app development in Dallas here Tech-Savvy Workforce : Dallas ranks among the top metro areas for STEM graduates. : Dallas ranks among the top metro areas for STEM graduates. Affordable Scalability : Ideal for both startups and enterprise clients. : Ideal for both startups and enterprise clients. Strategic Location : Centrally located, making it a convenient tech hub for national and global collaborations. : Centrally located, making it a convenient tech hub for national and global collaborations. Diversity of Industries: From healthcare to finance, Dallas provides a testbed for mobile innovation across sectors. Dallas mobile developers are pushing the envelope with features and architectures that support future scalability and immersive experiences: PWAs combine the best of web and mobile apps, offering offline functionality, fast loading times, and excellent user engagement. With the rollout of 5G, developers are designing apps that support real-time updates, low latency communication, and smoother video streaming. From personalized shopping to adaptive fitness coaching, Dallas developers are using ML algorithms to tailor apps to individual user behavior. Scalable, reliable, and faster to update—cloud-native apps are the new standard for enterprise clients seeking long-term ROI. While Dallas is making headlines in mobile, another transformation is happening in parallel—virtual reality (VR) is turning science fiction into business functionality. From training simulations to virtual tourism and healthcare diagnostics, VR app development is helping brands deliver experiences that are more immersive, educational, and engaging than ever before. ✅ Learn more about the future of immersive VR experiences VR is being integrated into business workflows for employee training, remote collaboration, and customer support simulations. Institutes are using VR apps to create virtual classrooms where students can conduct experiments, visit historical places, or even explore the human body from within. Retailers are offering virtual stores where customers can 'walk' through aisles, try on clothes, or visualize how a sofa would look in their living room. In healthcare, VR is being used for treating PTSD, pain distraction during surgeries, and rehabilitation support for stroke victims. With the launch of more sophisticated headsets like Apple Vision Pro, gaming is no longer just a screen-based interaction—it's a full-body experience. What happens when mobile app development in Dallas merges with VR app development? You get smart, immersive mobile apps that redefine engagement. Imagine launching a real estate mobile app where users can scan a floor plan and instantly walk through a 3D home using just their phone and a simple VR viewer. Or think of healthcare apps where patients can meet their doctors in a virtual clinic—on mobile—without stepping out of their homes. This fusion of technologies is already happening in Dallas, and it's setting the stage for the next decade of user experience. Technology Use Case Unity & Unreal Engine VR/AR immersive experiences React Native + ViroReact Cross-platform mobile VR ARKit / ARCore Smartphone-based AR & VR Firebase + Cloud Firestore Real-time data syncing in mobile/VR apps TensorFlow Lite ML-driven behavior prediction in VR Dallas developers are creating apps where buyers can schedule VR home tours directly from mobile apps—saving time and driving conversions. Try-before-you-buy VR apps are changing e-commerce by letting shoppers experience products as if they were in-store, directly from their smartphones. VR-enabled mobile apps are turning business meetings into shared virtual spaces with real-time whiteboarding and file-sharing. Doctors use mobile-VR apps for diagnostic walkthroughs, mental health therapy, and post-op rehab routines. The convergence of mobile app development in Dallas and VR app development isn't just a coincidence—it's a blueprint for the digital economy of the future. Whether you're a small business, a global brand, or an innovator with a big idea, partnering with a Dallas-based development team can give you access to: Scalable talent Modern tech stacks Immersive innovation Competitive pricing But more importantly, it puts you at the intersection of mobile and immersive tech—a place where the future is already being written. In a world where attention is short and user expectations are sky-high, combining mobile app development in Dallas with advanced VR app development strategies is your ticket to differentiation. Whether it's building immersive mobile-first VR apps or integrating real-world analytics into digital journeys, the future belongs to those who build it today. ✅ Want to explore solutions designed for the next decade? Partner with leading experts in mobile app development in Dallas and step into the immersive future with next-gen VR app development. TIME BUSINESS NEWS
