Two weeks ago, the UW Real Estate Club got the opportunity to get an in depth look at a real estate market outside of Madison. Twice a year, in both the Fall and Spring, the Real Estate Club takes a national trip to a booming U.S. city. On Wednesday October 11th, the club embarked on Dallas and North Texas. Upon arriving at Love Field in Dallas, the we met with several UW Alumni for a reception dinner. With both Real Estate MBA students as well as undergraduates, it was a great opportunity to learn and network with Wisconsin Real Estate Alumni that now call Dallas home.
The Dallas area real estate market has been strong for some time. There have been several multi-million square foot hubs developed for large companies such as Toyota and JP Morgan Chase, as well as some smaller campuses for Raytheon in Plano and Core Logic in Cypress Waters. On Thursday morning, the RE Club went to CBRE’s Dallas office for an overview of the Dallas Capital Markets. The Club then got the opportunity to visit the Trammell Crow office for a visit and development tour. Trammel Crow is one of the nation’s oldest commercial real estate investment and development firms, founded in Dallas in 1948, and is an independently operated subsidiary of CBRE Group.
After lunch in Klyde Warren Park, the Club got a private tour of the Dallas Cowboy’s Practice Facility. Opening in August 2016, at a total project cost near $1 billion, it consists of an indoor field, full cafeteria, weight rooms, locker rooms, and a large meeting room for team events. Officially named “The Star”, the 91-acre campus is remarkable. The group then traveled to Frisco to tour the new Legacy West project by commercial real estate firm KDC. Legacy West is a mixed-use development comprised of high-end retail, restaurants, a 238-room hotel and 621 apartments. It will also be the new home for corporate hubs JC-Penny, FedEx, and Toyota’s North American Headquarters.
On Friday, the Club got a tour of the office and meeting with Crow Holdings, a registered investment advisor (RIA) company. Crow Holdings provided an overview of the company’s background and its current portfolio, with assets throughout the continental United States as well as one of its signature properties, the international trade mart in Brussels, Belgium.
Overall, the trip was very informative and provided both undergraduate and graduate real estate students with a better understanding of the real estate market in North Texas. One of the unique aspects of the UW Real Estate Program and Club is its access to so many professionals in the industry that can make these events possible. With so many future graduates embarking on the trip, we hope this trend can continue!
The UW Real Estate Club would like to thank its faculty advisor, Sharon McCabe, as well as WREAA for their contributions and assistance with this trip, as well as Club Co-Presidents Fordy Gates and Grady Capobianco for their planning.