In Dallas Fort Worth business news, Cox Automotive Inc. announced the acquisition of F&I Express. F&I Express is is a tech company in the automotive space industry. It offers digital contract solutions, showing aftermarket products online to increase sales, and streamlining processes. Their mission is to transform the way the world buys, sells, owns and uses cars. F&I Express will operate as a wholly-owned subsidiary of Cox. Cox Automotive includes Autotrader®, Dealer.com, Kelley Blue Book, and others.
Our love for Amazon keeps on coming! Amazon continues to change and innovate in the grocery industry. Whole Food Markets which is owned by Amazon, has launched grocery pickup at its Fort Worth store, in the Waterside development. Customers order their food and groceries online using Amazon Prime. The food can be picked up at Whole Foods in about an hour for no additional fee, or in as little as a half-hour for a $4.99 fee. This is similar to Amazon Fresh, which delivers right to your front door!
Dallas-Fort Worth has been named the top real estate market to watch in 2019.
We have low cost of living and population growth projections that outpace other cities by two times. Dallas-Fort Worth has been named the top real estate market to watch in 2019. Price Waterhouse Coopers and the Urban Land Institute ranked the Metroplex as the number one market for overall real estate prospects in 2019 out of 78 other cities. More information can be found in their 2019 Emerging Trends in Real Estate report.
The investment market for offices & other commercial real estate in the U.S. is heating up in Dallas-Fort Worth. That’s what our takeaway was from professional services firm PwC and the nonprofit Urban Land Institute. In the forecast DFW rose to take the No. 1 spot. That is up from the No.5 spot in 2018. Rounding out the top group are Brooklyn, New York, Raleigh-Durham, North Carolina, Orlando, Florida, and Nashville.
And in other news…
Dallas is seeing a Scooter boom. Folks took more than 450,000 trips on them between July and September, according to Bird and Lime. That added up to almost 600,000 miles. Bird, Lime and Razor operate dockless scooters in Dallas. That is a total of about 6,000 scooters. Currently there are no dockless bikes/scooters in Fort Worth because the city has no permit process in place. However, they are exploring the idea. There is demand for ways to get around town quicker than walking, and without a car so stay tuned!
For more information on Dallas, Fort Worth and the metroplex contact Kelly Pearson!