Texas home building expects fast rebound

Wednesday, May 06, 2009 - By Mario Zavala

By Mario Zavala
Special to the Business Press

There is a light at the end of the tunnel and Texas will likely be the first to see it, according to state and national leaders in the home building industry.

While there were no predictions on when the current building and housing downturn may come to an end, Joe Robson, the chairman of the National Association of Homebuilders, said he thinks the state, and the Dallas and Fort Worth area in particular, is a step ahead in the recovery process.

“Real estate is all local,” Robson said while speaking at the Homebuilders Association of Greater Dallas in Plano. “It gets a little crazy when all you hear about is the national market, everyone starts thinking that its their own town that’s struggling, but Dallas, and Texas in general, has held up real well.”

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PepsiCo rents 90,000 square feet of office space in Plano

May 21, 2009

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com / The Dallas Morning News
Karen Robinson-Jacobs contributed to this report.

PLANO – A unit of PepsiCo Inc. has leased more than 90,000 square feet of office space in Plano for a large operation.

PepsiCo rented space in a complex of buildings owned by developer KDC at 5340 Legacy Drive, real estate brokers say. The sprawling office complex called the Campus at Legacy once housed EDS offices but was remodeled by KDC – formerly Koll Development Co. – for other tenants.

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