News and Press Releases

10/16/2014AdvoCare expands into Richardson distribution center with 80 new jobs
Health and wellness firm AdvoCare expands into Richardson with a distribution center and 80 new jobs.
10/15/2014Flexjet places order for up to 50 new Gulfstream jets, including new G500
Flexjet announced an order for 50 new Gulfstream jets, including the G500, making them the sole provider of the G500 for fractional ownership in North America.
10/15/2014Associa to benefit from $450,000 Richland College Training Grant
A Texas Workforce Commission $450,000 training grant awarded to Richland College will enable Associa to train more than 300 of its Richardson employees.
10/13/2014Richardson launches "economic gardening" program to help second-stage startups
The Richardson Economic Development Partnership launches an economic gardening program for Richardson-based startups hoping to grow their business.
10/08/2014Richardson company thinks it has substitute for plastic grocery bags
Metropak Richardson develops RagBag, a biodegradable substation for plastic bags.
09/29/2014Best Suburb Dallas 2014 - Richardson
The Dallas Observer names Richardson a Best Suburb of Dallas. 
09/26/2014New study: Dallas-area ranks near top for high-tech growth
Dallas ranks third in the country for high-tech jobs according to a study by real estate firm JLL with most of the local jobs located in Richardson as well as Plano and Las Colinas. 
09/25/2014Another huge mixed-use development is on he drawing boards in Richardson
A new mixed-use development adjacent to CityLine will include 1,200 urban style apartments by Trammel Crow Residential, 1.35 million square feet of office space, a 150 room hotel, and 60,000 square feet of shopping. 
09/21/2014State Farm-anchored Richardson office portfolio sells to Spear Street Capital
After only a few months on the market, the Galatyn Park office complex, currently leased by State Farm, sold to Spear Street Capital, a California investor.
09/16/2014Look Cinemas to join cast at CityLine State Farm project in Richardson
Look Cinemas will be joining the CityLine DFW development with a freestanding, 60,000-square-foot entertainment and dining complex located at the corner of State Street and Plano Road. 
09/08/2014Landmark Richardson retail center gets new name and tenant
The 50-year-old Dal-Rich Village shopping center at Coit and belt Line roads in Richardson is getting a new tenant, Richardson Mercantile.
09/08/2014Get the Richardson EDGE
Richardson is a special place. Its workforce, educational, business, governmental and cultural physical infrastructure are resources that enable many of its resident business to be more successful here than they would in other geographic locations. Just by being in Richardson, they enjoy an “edge.”  EDGE also stands for “Economic Development Growth & Expansion”, so it is a fitting name that we apply to the REDP’s efforts in the retention of Richardson’s existing companies.
09/08/2014The momentum continues in Richardson: new tech companies, CityLine update

As we round the corner and head for home in 2014, the activity and excitement in Richardson has never been greater. State Farm’s local employment has already hit the 4,000 mark, and early next year the company will begin to occupy its gleaming new campus at CityLine. Over on the northeast side of CityLine, Raytheon’s 1,700-employee, 489,000 square-foot campus is well underway with anticipated occupancy sometime late next year. In addition to the two large campus projects, Richardson has seen quite a bit of recent expansion and relocation activity from technology-based companies.

 

09/08/2014MedeAnalytics relocates North Texas data hub to Richardson
MedeAnalytics, a California-based health-care analytics company, is relocating its North Texas data hub to Richardson.
09/03/2014Q2 2014 Richardson Commercial Real Estate Statistics
Q2 2014 commercial real estate statistics for Richardson, Texas.
08/29/2014Whole Food to anchor CityLine, new restaurants open this summer
It’s been an exciting summer in Richardson with new ownership on several shopping centers, new restaurant openings and remodeling projects underway.
08/27/2014Richardson-based Yahoo! Provides School Supplies to Hundreds of DFW Families in Need
Employees from the Richardson, Texas office of Yahoo! provided backpacks filled with school supplies to almost 400 Dallas/Fort Worth-area families in need. 
08/26/2014Architects take the mic at Alamo Drafthouse for Broker-Developer event
Nearly 100 brokers of the Dallas-Fort Worth broker community attended the Richardson Broker-Developer lunch at Alamo Drafthouse on August 14.
08/07/2014Whole Foods Market® to anchor CityLine development in Richardson
 Regency Centers and KDC to build a Whole Foods Market® in the Richardson CityLine development.
08/03/2014Yahoo! to provide school supplies to families in need
Yahoo! employees will provide school supplies to Dallas-Fort Worth families in need at their Richardson campus on Saturday, August 23. Supplies include (but are not limited to) backpacks, pens, pencils, notebooks, etc. Supplies will be given to the first 800 families on a first come, first serve basis.
07/23/2014Pizza Hut hires Entouch Controls to slice its energy bills
Pizza Hut chose Entouch Controls to provide their energy management systems in all 500 corporate Pizza Hut restaurants. Pizza Hut will also recommend Entouch Controls for all of its franchise locations. 
07/20/2014Raytheon breaks ground on new Richardson corporate campus
Raytheon  breaks ground on their campus in Richardson's CityLine development. The three-building, 489,000-square-foot facility will house about 1,700 employees.
07/20/2014ZTE announces first smart projector, available exclusively in the U.S.
ZTE USA announced its portable, compact projector with hotspot, power bank and 4-inch touchscreen powered by Google's Android™ operating system.
07/12/2014Construction starts on Raytheon campus in Richardson
Construction has started on another huge office complex in Richardson - this time for Raytheon Corp.
06/09/2014XPS Solutions to double its Richardson headquarters with relocation
Richardson-based tech firm XPS Solutions Ltd. plans to double its headquarters as it relocates within the Richardson city limits.
05/30/2014Raytheon's Bill Foley talks about big move to sold-out Chamber crowd
Bill Foley, Director of Operations for Raytheon, spoke to a sold-out crowd at the Richardson Chamber of Commerce Growth & Mobility luncheon May 14. He told the crowd of mostly business development professionals that Raytheon selected Richardson and CityLine because the new location supports a young, technical workforce.
05/29/2014Richardson off to a fast start in 2014
Through the first third of the year, completed Richardson expansion and relocation projects doubled the average four-month output of new or retained jobs and real estate occupancy for the previous five years.
05/29/2014Retail tenant interest never been stronger in Richardson
Restaurant and retail activity in Richardson is off to a great start in 2014. Momentum and excitement due to CityLine and other new projects continues to grow, and interest from prospective tenants has never been stronger.
05/23/2014Huge Telecom Corridor office campus that houses State Farm is up for sale
As State Farm prepares to move into the CityLine development, the buildings they currently occupy is up for sale. The lease for State Farm's three buildings of the 800,000 squar-foot Galatyn Park development expires in 2016 and 2018. Dallas-based investor Champion Parnters is selling the buildings and HFF LP are marketing them for sale.
05/21/2014Harman to Buy AMX for $365 Million
Harman International Industries Inc.will buy Richardson-based AMX LLC for $365 million from The Duchossois Group. 
AMX is a provider of enterprise control and automation systems, as well as audio and video switching and distribution services. The company was founded in 1982 and employs more than 600 people across its operations in 19 locations world-wide.
04/18/2014Mike Skelton receives U.S. Commercial Service Certificate of Achievement

U.S. & Foreign Commercial Service Deputy Assistant Secretary Antwaun Griffin awarded Mike Skelton, Director of the Mayor’s Office of International Business for the Richardson Economic Development Partnership, a Certificate of Achievement on April 1 in the U.S. & Foreign Commercial Service Ft. Worth office.

04/15/2014Cariloop establishes headquarters in Richardson
Cariloop, a digital platform supplier for senior care, will locate its headquarters in Richardson.
03/26/2014Raytheon announces new state-of-the-art office complex in [Richardson]
Raytheon today announced plans to move its Garland, Texas, operations to a new state-of-the-art office complex to be built at the CityLine development in Richardson, Texas. Raytheon will occupy 489,000 square feet in three buildings located near the intersection of President George Bush Turnpike and North Central Expressway (US 75), and will begin the move in the fourth quarter of 2015, depending on the construction schedule.
03/25/2014Plans for new mixed-use project in Richardson

Preliminary plans for Palisades, a 58-acre development planned on the west side of North Central Expressway near the Galatyn Park DART Station in Richardson, include single-family homes, apartments, high-rise office buildings, retail, restaurants and hotels built around a  4-acre park.

02/19/2014Richardson, McKinney rank in list of happiest mid-size cities
Ranked No. 5 on a list of the country's happiest mid-size cities by real estate brokerage Movoto. Richardson's high percentage of college educated adults factored into its high ranking. Cities were also ranked according to stress factors, personal income, safety, marriage rates, home ownership, and amenities. Richardson is the highest-rated Texas city on the list.
02/14/2014State Farm to expand Richardson regional hub with fourth tower
State Farm announced they plan to build a fourth tower at the CityLine development in north Richardson. With the additional tower, the Dallas-Fort Worth regional hub will include 2 million square feet of office space upon the completion of construction. Dallas developer KDC hopes to complete construction of the forth tower by early 2017.
02/13/2014Chili's founder prepares to fire up new Ten 50 BBQ joint in Richardson
Richardson looks forward to taking a bite out of Ten 50 BBQ this summer. Chili's founder Larry Lavine plans to open the restaurant at the corner of U.S. 75 and Arapaho Road in Richardson. The newly-refurbished building sits near the DART rail station and Alamo Drafthouse. The exclusively wood-fired meats will be served with homemade sides like maple sweet potato casserole and jalapeño pinto beans.
02/11/2014Richardson adds 15 restaurants in 2013, big announcements to come
2013 was another great year for Richardson retail. The “coolest movie theater in the world” opened this past August and 15 new restaurants were opened or announced.  
02/10/20142013: The Year Records Were Broken

REDP ended the year with 36 corporate relocations and expansions that are expected to create or retain 11,278 Richardson jobs and involve the occupancy of 3,095,938 square feet of non-retail commercial space. Those totals are all-time records for Richardson and approximately 300% higher than historical averages. 

02/09/2014KDC reveals CityLine development details
KDC Real Estate and Investments has begun revealing details about it's CityLine development in Richardson.
02/07/2014Marketing intern joins REDP team
Lauren Glover joined the REDP team this January as marketing intern. Lauren’s primary focus will be developing a social media marketing plan pertaining to two California economic development trips that REDP will take this year.
02/07/2014Richardson Mayor's Office of International Business hosts 34 delegations in 2013
The Mayor’s Office of International Business hosted 34 foreign delegations in Richardson in 2013. The delegations represented 30 different countries and more than 75 foreign company executives, local foreign government officials, investors and educational officials.
01/27/2014State Farm hiring up to 700 for new DFW regional headquarters
State Farm Insurance is getting ready for a rapid expansion into North Texas, with plans to hire up to 700 employees in the near future at its Dallas-Fort Worth operations. The employees will be part of a larger workforce for State Farm, which is expected to hire upwards of 8,000 employees when its new regional customer center in Richardson is fully operational. 
12/03/2013Richardson-based Alliance Architects completes architectural design for Restoration Hardware Distribution Center

Richardson-based Alliance Architects, Inc. is pleased to announce the recent completion of the new 880,000 square foot distribution facility for Restoration Hardware. Alliance Architects completed the architectural design for the facility.

11/20/2013Richardson-based Alliance Architects completes architectural designs for DataBank
Richardson-based Alliance Architects, has completed shell and interior design services for DataBank's new facility in Richardson.
11/19/2013More shopping, Raytheon offices on the drawing board for KDC’s Richardson project
More retail is on the board for KDC's CityLine project, and a deal is in the works with Raytheon to build a 600,000-square-foot office campus at the southwest corner of Wyndham Lane and the Bush Turnpike.
11/13/2013Mike Skelton makes high-level connections during Brazilian economic development trip
Mike Skelton, Director of the Mayor's Office of International Business, recently look an economic development trip to Brazil to attend the International Association of Science Parks (IASP) conference and make connections with Brazilian business executives, organizations and companies.
11/13/2013Retail businesses riding Richardson's high energy around future growth
There is increasing interest in Richardson retail development due to the massive State Farm project and other areas working to attract new tenants.
11/12/2013REDP hires two economic development interns
REDP has hired two interns to help with economic development initiatives this fall.
11/12/2013100 brokers attend "zombie panel" Broker-Developer lunch on Halloween
Nearly 100 Dallas-Ft. Worth commercial real estate professionals attended the Richardson Chamber of Commerce Broker-Developer Halloween Special lunch on October 31. Custer Court hosted and sponsored the event at 501 W. President George Bush Hwy.
11/05/2013Work begins on large Advocare facility in Richardson
Construction has begun on a 260,000-square-foot office and warehouse facility for AdvoCare International in Richardson.
10/29/2013Richardson State Farm project featured in Wall Street Journal
The State Farm Insurance project in Richardson was recently featured in the Wall Street Journal.
10/22/2013REDP gains recognition worldwide
Richardson’s Telecom Corridor has long been known as the home of many top tech companies, and recently REDP earned international recognition for that legacy and its worldwide reach through the International Economic Development Council (IEDC) and the International Association of Science Parks (IASP).
10/17/2013Exclusive: Associa to relocate 700 jobs into [Richardson]
Texas State Sen. John Carona plans to bring 700 new jobs into Richardson as part of his Dallas-based association management firm Associa's consolidation. Associa has signed a lease for 62,500 square feet of office space at a building dubbed Collins Center at 1225 Alma Road in Richardson
09/30/2013D-FW office construction surges as leasing grows

Almost 5.4 million square feet of office construction is underway in the D-FW area, according to a new report by Cushman & Wakefield. Included is the 1.5 million-square-foot, three-building State Farm Insurance campus under construction in Richardson.

09/24/2013Richardson's Telecom Corridor receives global honor
Richardson's Telecom Corridor has become the eighth location in the U.S. to receive International Association of Science Parks (IASP) membership.
09/19/2013Fobare starts Richardson's first spec building in a decade
Fobare Commercial has started development on Collins Center, a 153,000-square-foot building at 1225 Alma Road. The building will be the first speculative project in Richardson in more than a decade.
09/04/2013Genpact’s Richardson, Texas Delivery Center Continuing to Grow, Adding New Clients and Jobs

Genpact Limited, a global leader in business process management and technology services, is continuing to grow its services delivery center in Richardson, Texas since its opening in early April 2012. At the center, Genpact has been providing skilled technology services, mortgage origination support services and engineering services.

08/16/2013Director Sue Walker recognized for leadership position with ICSC
Sue Walker, Director of Economic Development at the Richardson Chamber of Commerce, has been appointed as the Public Sector Co-Chair for the ICSC Alliance Advisory Subcommittee. 
08/15/2013Technology growth in Telecom Corridor(R) amid financial services activity
Somewhat lost among all the hubbub of financial service companies hiring hundreds of new workers in Richardson is the fact that the Telecom Corridor® area’s technology sector has continued to grow in both telecom and in a diversified array of other technology verticals.
08/15/20132013 already exceeds previous 5-Year average of Richardson jobs and occupancy
It’s only August, but if one just stopped at the accompanying list of year-to-date new/retained jobs and square feet of non-retail commercial occupancy, 2013 would rank as far and away the best year in the history of Richardson’s economy.
08/15/2013Richardson’s international initiative continues to gain worldwide attention
In its effort to attract foreign companies and open markets for Richardson businesses, Richardson’s international economic development initiative continues to gain worldwide attention and build foreign relationships.
08/15/2013Alamo Drafthouse DFW opens its doors in Richardson
The Austin-based dinner-and-movie chain theater opened its doors Thursday, August 8 after a formal ribbon cutting ceremony led by the Richardson Chamber of Commerce.
08/15/2013State Farm Insurance ceremonially breaks ground in Richardson
State Farm Insurance ceremonially broke ground on its $1.5 billion mixed-use development in Richardson July 11. The City of Richardson created a video to welcome our newest “neighbor” into the city.
08/15/2013Major job announcements bring retail growth in Richardson
Restaurants continue to choose Richardson sites to take advantage of the high daytime employment and access on major traffic arteries. With big job announcements from State Farm, United Healthcare, Extend Health and others, we anticipate continued growth in this retail sector.  
08/14/2013UT Dallas real estate program creates intern and mentoring opportunities for DFW brokers
The DFW commercial real estate community can support the UT Dallas commercial real estate program through offering internships and mentoring opportunities and by contributing to the real estate scholarship fund.
07/24/2013Irving-based developer JLB Partners plans hundreds of apartments to join State Farm project in Richarson
JLB Partners will build a large apartment project in KDC’s $1.5 billion mixed-use development in Richardson.
07/15/2013Health care services firm Towers Watson hiring 1,600 workers for new Richardson operation
Professional services firm Towers Watson is leasing a third office in Richardson, where it plans to hire 1,600 full-time, temporary benefit advisers and support staff.
07/13/2013New cinema boosts Richardson business climate
VIDEO: Alamo Drafthouse is expected to boost Richardson's business climate by attracting young families to the city.
07/04/2013State Farm’s Richardson office deal tops any other area corporate expansion

There has never been a real estate deal like the State Farm deal in North Texas. Longtime property brokers say that no other company has leased so much office space in the Dallas area in such a short period. The State Farm office complex will be one of the region’s biggest employment centers, with thousands of workers.

06/28/2013State Farm leases another huge block of office space
State Farm is leasing more than 800,000 square feet of former Nortel Networks office space.
06/24/2013Richardson, UT Dallas Join National Effort to Create Next-Gen Internet Applications
REDP has partnered with UT Dallas to join the US Ignite initiative. Through this partnership, Richardson and UT Dallas will explore opportunities to develop applications for access to an ultra-fast broadband network, uniquely positioning them to help North Texas-based companies, independent application developers, researchers and students in creating and testing innovative new applications requiring ultra-high bandwidth.
06/17/2013State Farm, KDC to break ground on North Texas' largest office deal
State Farm Insurance, plans to officially break ground next month on its 1.5 million-square-foot regional operations center in Richardson. The groundbreaking ceremony is scheduled for 10 a.m. on Thursday, July 11, at 3521 N. Plano Rd.
05/13/2013State Farm’s Richardson project is getting even larger

Late last year developer KDC said the State Farm office complex would be about 1.5 million square feet, but the office complex has grown by almost another 1 million square feet, real estate sources say.

05/08/2013State Farm shaping attitudes and increasing activity in Richardson market
In addition to State Farm Insurance, Richardson has begun 2013 with new announcements and strong leasing activity.
05/08/2013Richardson attracts a number of new unique restaurant venues
Richardson has experienced an uptick in retail activity the past few months with the introduction of new restaurant concepts such as Shady's, Haystack and Pearl Cup Coffee.
05/08/2013Richardson wins Deal of the Year at 2013 DBJ Best Real Estate Deals
Richardson projects won a D CEO Commercial Real Estate award and four DBJ Best Real Estate Deal awards in 2013, including the big one - Deal of the Year.
05/07/2013Fossil’s first-quarter results beat forecasts
Richardson-based Fossil beat analyst forecasts on sales and profit and reported its fourth consecutive quarter of improved results for Q1 2013.  Profit increased 24 percent, and sales rose 15.7 percent.
04/26/2013State Farm wins [DBJ Real Estate Awards] Deal of the Year

Richardson projects won four DBJ Real Estate Awards. Among them was State Farm Insurance for Deal of the Year.

04/18/2013Construction begins on $1.5B KDC project in Richardson
KDC has begun construction on its 186-acre, $2.5 billion site in Richardson, as evidenced by a number of bulldozers turning dirt on the property.
04/16/2013Texas Capital Bank signs big Richardson office lease
Texas Capital Bank is adding 50,000 square feet of office space to its operations in the building at 2350 Lakeside Boulevard.
04/15/2013Press Release: Richardson ranks third in the Americas for attractiveness for inbound foreign investment
City of Richardson was recently ranked third overall in the Americas, in its size category, in fDi Magazine’s bi-annual “American Cities of the Future” list, which evaluates cities for their attractiveness for inbound foreign direct investment.
04/04/2013Safeguard Properties expands, brings 200 jobs into Richardson
Safeguard Properties Inc., a company that manages foreclosed homes for mortgage service companies, will open a Richardson office with 200 employees. Safeguard is the first tenant to occupy the newly renovated Greenway II complex at 2400 Lakeside Blvd., leasing the 22,000-square-foot third floor of the building.
03/29/2013State Farm dominates list of largest DFW office leases
State Farm Insurance dominated the latest Top 25 listing as the tenant in three of the top five Office Leases for deals signed in 2012. Two of the three leases are in Richardson.
03/12/2013Feds approve MetroPCS/T-Mobile deal
The Federal Communications Commission has given its approval to a proposed combination of Richardson-based MetroPCS Communications Inc. and T-Mobile USA Inc.
02/28/2013ACIG moving offices from North Dallas to Richardson
North Dallas insurance company ACIG is moving its offices from North Dallas to Richardson.
02/01/2013Richardson Economic Development Partnership Becomes First DFW Entity Accredited by the International Economic Development Council
The Richardson Economic Development Partnership (REDP) has been recognized as one of only 32 economic development organizations worldwide accredited by IEDC as an Accredited Economic Development Organization (AEDO). 
01/31/20132012 one of the most successful years in REDP history

From a results perspective, the Richardson Economic Development Partnership (REDP) concluded one of the most successful years in its history in 2012. REDP logged 49 expansions/relocations, 5,512 new or retained Richardson jobs and 1.9 million square feet of non-retail commercial space occupied

01/31/20132012 brings Alamo Drafthouse and 20 new restaurants to Richardson
Restaurants continue to be the key focus of Richardson’s retail activities, with 20 new and announced restaurant tenants in 2012. 
01/31/2013Overseas economic development trip planned to Spain and France
Michael Skelton has planned an overseas economic development trip to Barcelona, Spain and the Provence and Cote d’Azure regions of France (French Telecom Valley) this spring. The goal of the trip is to promote Richardson’s telecom and wireless industries and recruit technology companies to Richardson.
01/31/2013UT Dallas and Richland College draw national attention
As the Spring semester kicks off, both the University of Texas at Dallas (UT Dallas) and Richland College are drawing national notice as distinguished institutions.
01/31/2013City of Richardson study to provide ideas for flex redevelopment
The City of Richardson selected SB Friedman Development Advisors of Chicago to assist with a market analysis and study of the under-performing E. Arapaho/Collins area. Friedman will give a summary of the team's finding to the City Council on February 4.
01/30/2013In case you missed it: a recap of the State Farm Insurance story in Richardson
A recap of the State Farm Insurance announcements in Richardson.
01/24/2013State Farm Takes Another 311,000 SF in Former Nortel Campus, Just Acquired by Champion Partners
State Farm has signed for another 311,000 square feet of space in three Richardson buildings previously owned by Bank of America.
01/23/2013Big Richardson office building sale is a done deal

Champion Partners bought a 500,000-square-foot office complex from Bank of America, which occupies the buildings on Glenville Drive in Richardson.

01/16/2013State Farm begins hiring employees for new Richardson office
State Farm Insurance plans to hire 140 workers to fill newly created jobs at its new Richardson office at 1011 Galatyn Pkwy.
01/04/2013New developments welcome business - an interview with John Jacobs
A copy of an article that ran in the North Dallas/Richardson NeighborsGo of the Dallas Morning News, Jan. 4. about John Jacob's expectations for Richardson in 2013.
12/26/2012State Farm signs 1.5M SF lease in Richardson
State Farm has signed a lease for 1.5 million square feet of office space, the largest office lease recorded in Dallas history.
12/13/2012Big Richardson office complex sale by Bank of America is in the works
Bank of America is putting a three-building Richardson office complex that once housed offices for Nortel on the market.
12/11/2012KDC to develop $1.5 billion, 186 acre mixed-use project at Bush Turnpike, US75
KDC will acquire 186 acres of land prior to year end to develop a $1.5 billion master-planned project in Richardson near the intersection of President George Bush Turnpike and US 75.
12/06/2012Richardson and UT Dallas receive prestigious urban design award for transit-oriented development master plan
The City of Richardson and UT Dallas received a Dream Study Award from the Greater Dallas Planning Council (GDPC) for their UT Dallas North Campus Transit-Oriented Development master plan at the annual Urban Design Awards event.
11/16/2012[Telecore Inc] receives Raytheon excellence award
Richardson-based telecommunications firm Telecore Inc. has received the Supplier Excellence Award from the Raytheon Company.
11/05/2012For [Richardson] engineer behind lunar landing, it was 'one giant leap' over mountain
Former Richardson-based Collins Radio engineer Art Roberts played a significant part in the lunar landing in 1969.
11/02/2012IEDC board elects Bill Sproull as 2013 vice chairman
Bill Sproull, president and CEO of the Richardson Economic Development Partnership, has been elected 2013 vice chairman of the International Economic Development Council board of directors.
10/29/2012Chris Luna recognized for Outstanding Community Service in D CEO's Corporate Counsel Awards 2012
Chris Luna, next year's Chairman of the Richardson Chamber of Commerce Board of Directors, was recognized for Outstanding Community Service in D CEO's Corporate Counsel Awards.
10/23/2012Richardson Economic Development Partnership Wins Gold Medal as Highest Performing 2011-12 Economic Development Organization for Communities Its Size
The Richardson Economic Development Partnership (REDP) has been named the gold medal winner in the High Performance Economic Development category for economic development organizations by Atlas Advertising.
10/08/2012Richardson’s 2012 business growth driven by three sectors
As Richardson enters the home stretch for 2012, it is clear that growth in financial services, technology and healthcare sectors are pointing to another banner year.
10/03/2012MetroPCS to join T-Mobile
Richardson-based MetroPCS Communications will join T-Mobile; the deal will keep the T-Mobile name.
10/03/2012UT Dallas Venture Development Center celebrates first anniversary, houses 11 companies
Founded in September 2011, the UT Dallas Venture Development Center celebrates its first anniversary as it currently houses 11 startup companies.
10/03/2012Construction begins for Alamo Drafthouse, City prepares for future retail development
Exciting new retail is under way for Richardson, as Alamo Drafthouse has begun demolition for its new site in Richardson Heights, and the City of Richardson has cleared the Continental Inn site for future retail development.
10/03/2012UT Dallas leaders lend support to brokers at September Broker-Developer Luncheon

The Fall semester kicked off at UT Dallas last month, and university leaders shared their enthusiasm with the Richardson commercial real estate community at the September Broker-Developer luncheon. Nearly 100 brokers and developers gathered at 3000 Waterview Pkwy. – a 90,556-square-foot available building adjacent to UT Dallas, owned by luncheon sponsor iStar Financial and leased by Peloton Commercial.

10/03/2012Two new data center projects underway in Richardson's Telecom Corridor

Developer KDC will build two more data center projects in Richardson toling 244,000-square-feet in Digital Realty's data center campus on Collins Boulevard.

09/27/2012Methodist Health System breaks ground on Richardson hospital
Methodist Health System recently broke ground on a $120 million hospital in Richardson that will bring about 900 jobs and expanded care to the Bush/Renner area.
09/20/2012Optex Systems, Inc. Wins $1.13 Million Award
Richardson-based Optex Systems, Inc. has received a $1.13 million award from General Dynamics Land Systems for additional ICWS Periscopes.
09/06/2012Office leases gobble up empty space in Richardson’s Telecom Corridor
Lately, Richardson is booming in big office leases from insurance, finance, industrial and health care firms.
08/31/2012Cirasys receives up to $1 million from Texas Emerging Technology Fund
Richardson-based Cirasys Inc. has received up to $1 million from the Texas Emerging Technology Fund, becoming the 41st North Texas company to land an investment.
08/31/2012Richardson Wins Inaugural COMPUTERWORLD Magazine Best of Business Intelligence Editor's Choice Award
The City of Richardson has won a 2012 Best of BI (Business Intelligence) Editor’s Choice Award in Computerworld Magazine’s inaugural business intelligence awards competition.
08/29/2012ViaWest sees growth spurt at [Richardson] data center
ViaWest reported "significant" growth in its Synergy Park Richardson, Texas-based data center.
08/27/2012Best of BI: City of Richardson, Texas, finds BI value across agencies

To serve its citizens effectively and efficiently, the City of Richardson has scrapped its outdated reporting systems and deployed a more agile application.

08/17/2012State Farm plans 291K customer service center in Richardson

State Farm Insurance is expanding its customer service operations in the Dallas-Fort Worth area by adding a new call center in Richardson. The 291,000-square foot facility will be at 1011 Galatyn Parkway.

08/16/2012Liquid Motors Expands Richardson, Texas Headquarters

Richardson-based Liquid Motors Inc. has doubled the size of the office space for the corporate headquarters to support the growth of the business.

08/14/2012Safety-Kleen files for IPO
Soon to be Richardson-based Safety-Kleen Inc. has filed a registration statement for a proposed initial public offering of its common stock. 
08/08/2012Stream Data Centers Completes Private Data Center in Richardson
Stream Data Centers has completed construction of its fully-commissioned Private Data Center in Richardson.
08/07/2012New owners are refurbishing Richardson office complex
An Austin investor and Peloton Commercial Real Estate have begun remodeling a 3-building, 200,000 square-foot project known as Richardson Commons at 250 E. Arapaho Road.
08/07/2012Fossil sees 12 percent second-quarter profit jump
Richardson-based Fossil, Inc. reported a second-quarter net income increase of 12 percent, citing strong wholesale sales, especially in Asia.
08/02/2012Richardson key for attracting, retaining white collar labor
According to a July, 2012 Nielson site report, more white collar workers reside within a 15-minute commute of Richardson than any other major employment center in DFW.
08/01/2012Extend Health Expands in Richardson, Adding 200 Jobs
Extend Health will open a second service center in Richardson adding 200 more jobs.
07/31/2012Richardson buys Continental Inn for Spring Valley redevelopment
The City of Richardson has purchased the Continental Inn on Central Expressway as part of the city’s plan to redevelop the West Spring Valley corridor.
07/26/2012MetroPCS Surges On Earnings That Beat Analysts’ Targets
Richardson-based MetroPCS reported profit that beat analysts’ estimates amid a decrease in promotional costs. The company's stock surged 37 percent at close, and second-quarter net income rose 76 percent.
07/06/2012Real estate leaders see good fit for North Texas patent office
Dallas-Ft. Worth real estate professionals, including REDP's Bill Sproull, speak about the recently announced U.S. Patent and Trademark Office satellite office in North Texas.
06/28/2012Methodist Health System to Build New Hospital in Richardson
The Methodist Health System board of directors has approved a facility expansion plan of $120 million to add a 125-bed acute care hospital at the Methodist Richardson Medical Center Bush/Renner location. Scheduled to open in fall 2014, the hospital will be located at the southeast corner of Renner Road and Bush Turnpike in Richardson.
06/13/2012Dallas firm to develop new datacenter in Richardson
DataBank Holdings Ltd., a Dallas-based data center and colocation provider, will develop a data center at Digital Realty's North Dallas-Richardson campus.
06/08/2012[OmniSYS] plans big Richardson expansion
OmniSYS, a company that processes Medicare and Medicaid claims for pharmacies, plans to add more than 200 jobs and open an office in Richardson as the firm benefits from increased government scrutiny of medical payments and the rising prevalence of diabetes.
06/08/2012Frisco company moving to join Richardson's Telecom Corridor
Cassidian Communications, a telecom firm that works in the public-safety arena, has announced plans to move its Land Mobile Radio business and about 40 employees from Frisco to Richardson this summer.
06/01/2012Richardson one of top 3 submarkets for growth
Richardson is home to last year's two largest office leases, and investors are taking notice - it's been called one of the top three submarkets in North Texas situated for growth.
05/17/2012Telecom Corridor apartments go to California buyer
The 440-unit Breckinridge Point apartments in Richardson have sold to JRK Property Holdings. 
05/10/2012JLL claims leasing assignment for former Nortel office building
Jones Lang LaSalle won the leasing assignment for 1011 Galatyn Parkway - a seven-story, 282,000-square-foot office building in Richardson.
05/08/2012Inogen Inc. expands to Richardson; plans to hire 200 employees
California-based Inogen Inc., a manufacturer and oxygen therapy equipment and services provider, will open a corporate office in Richardson and hire 200 employees in the next 18 months.
05/04/2012Alamo Drafthouse coming to Richardson
Alamo Drafthouse Cinemas will open their first Dallas-Ft. Worth location at the Richardson Heights Shopping Center in Richardson, Texas.
04/20/2012Raytheon builds radar system in N. Texas
Raytheon is building a radar system for the U.S. Army in North Texas. Much of the work is being done in Richardson.
04/19/2012Freese and Nichols receives Malcolm Baldrige National Quality Award
Freese and Nichols, a statewide leader of engineering, architecture and environmental services with offices in Richardson, was presented with the Malcolm Baldrige National Quality Award.
04/12/2012Richardson adds more than 20 restaurants during past year
Richardson added 22 restaurants in 2011, and four have already been announced in 2012.
04/12/2012Q1 2012 Richardson Commercial Real Estate Statistics
1st Quarter 2012 commercial real estate statistics for Richardson, Texas.
04/12/2012International business development ramps up in Richardson
Since the Mayor's Office for International Business kicked-off, REDP has developed a number of programs to recruit foreign-based companies and support their establishment activities once they arrive in Richardson. One such program is an economic development trip to Scandinavia.
04/12/2012100 commercial real estate professionals attend data center leasing breakfast
Nearly 100 D-FW commercial real estate professionals attended the Richardson Broker-Developer Series data center breakfast on March 7. Digital Realty, Stream Data Centers and ViaWest sponsored the breakfast.
04/12/2012Global business processing company expects to employ up to 200 at its new Richardson service center
Genpact, LLC, a global leader in business process and technology management, has opened a services center in Richardson, Texas. The center could employ up to 200 people over the next 12 to 18 months.
04/12/2012Richardson celebrates 20th anniversary of Telecom Corridor brand
The Telecom Corridor turns 20 years old this year, and economic growth continues in Richardson with 16 projects involving 1,046 new or retained Richardson jobs, and 465,486 square feet of commercial office and flex space.
04/12/2012REDP strengthening retention efforts with new EDGE program

The Richardson Economic Development Partnership is kicking off a new business service initiative this spring. EDGE (Economic Development, Growth & Expansion) is a completely confidential, no-cost program designed to match Richardson businesses with the resources they need to grow, compete and succeed.

04/09/2012Wingstop Sales Up 10.5 Percent in First Quarter
Richardson-based Wingstop's sales are up 10.5 percent over the same quarter last year, marking more than eight consecutive years of positive sales. In addition, Wingstop has signed franchise agreements that will result in 58 new locations in the U.S.
03/29/2012UTD looking to raise $200 million to elevate school's status
UT Dallas launching a major $200 million fundraising campaign to reach its Tier One status goal. 
03/23/2012Volunteers recognized and former White House Chief of Staff Andrew Card rivets audience during keynote at Annual Meeting
The Richardson Chamber of Commerce honored outgoing Richardson’s City Manager as Citizen of the Year at its Annual Meeting March 22. Former Chief of Staff for the George W. Bush administration awed audience with inspirational keynote.
03/21/2012Richardson Maintains Highest Credit Rating from Moody's and S&P
The City of Richardson has once again received the highest possible bond rating status from both Moody's and Standard and Poor's credit rating agencies.
03/19/2012Genpact Strengthening U.S. Capabilities and Domain Expertise with New Delivery Center in [Richardson]
Genpact Limited, a global leader in business process and technology management, has opened a new services delivery center in Richardson, Texas.
03/15/2012Cisco Systems to buy NDS Group for $5B

Cisco Systems, which has a data center and campus in Richardson, has agreed to acquire London-based video delivery software company NDS Group Ltd. in a deal valued at about $5 billion.

03/08/2012Texas Instruments' Richardson plant ramping up ahead of schedule
Texas Instruments CEO Rich Templeton says TI's 1.08-million-square-foot Richardson manufacturing plant is ramping up ahead of schedule and performing better than expected.
03/05/2012City of Richardson Unveils Redesigned Website
The City of Richardson has launched a new website. The new design features a variety of enhancements that promote easy access to municipal services and information. 
03/05/2012Texas Capital Bank Expanding in Richardson
Texas Capital Bank is expanding its presence in Richardson. The company has added a full floor, or 26,500 square feet, to its lease in Lakeside Tower, giving it a total of five floors.
02/23/2012MetroPCS Rises as Quarterly Profit Beats Estimates
Richardson, Texas-based Metro PCS Communications rose the most in more than three years after reporting fourth-quarter profit that beat analysts’ estimates. 
02/16/2012Frost & Sullivan Awards Entrepreneurial Company of the Year to Mavenir Systems
Richardson-based Mavenir systems received the prestigious Entrepreneurial Company of the Year award from industry analyst firm Frost & Sullivan for its outstanding practices in mobile messaging infrastructure throughout 2011.
02/15/2012Fossil tops 4Q profit forecast
Richardson-based Fossil Inc. reported a 22 percent increase in fourth-quarter profit and its fifth consecutive quarter of double-digit sales increases.
02/13/2012Wingstop reports gain in Super Sunday sales
Richardson-based Wingstop sold an estimated 5.6 million wings on Super Bowl Sunday, up 12 percent from last year, when North Texas hosted the big game.
02/05/2012Suburban Growth | The Cycle of Sprawl: The great beyond
Cheap land, good schools and other strengths have fueled an ear of suburban development in North Texas, spurring unprecedented job growth, prosperity and a high quality of life.
01/31/2012ACD Reports Record Sales for 2011
Leading Richardson, Texas-based supplier to the electronics industry ACD announced a 21 percent increase in sales over 2010. 2011 marks ACD's highest sales to date in the company's 27-year history.
01/30/2012Special Richardson Section of the Dallas Business Journal
The Dallas Business Journal published a special section focused solely on Richardson, Texas on January 20, 2012. Read the section here. 
01/25/2012Richardson State of the City Address 2012
In case you missed the Richardson State of the City Address on January 25, 2012, you can view the presentation here.
01/20/2012Safety-Kleen relocation set
Safety-Kleen Systems Inc. plans to begin moving its headquarters and 300 North Texas corporate employees to Richardson from Plano in September. 
01/10/2012Fossil, Inc. to Acquire Skagen Designs, Ltd.
Fossil has entered into an agreement to acquire Danish accessory design company Skagen Designs, Ltd.
01/09/2012Wingstop Celebrates Banner 2011

Wingstop celebrated a groundbreaking year in 2011 – opening 34 new restaurants, including its 500th location in Brooklyn, N.Y. – and reaching more than eight years of consecutive same store sales increases.

01/06/2012Rackspace Cloud Will Expand in [Richardson]
Rackspace Hosting has leased a large chunk of data center space in Digital Realty Trust's huge Datacenter Park in Richardson, Texas to expand its growing cloud computing operation.
12/30/2011Fossil's new headquarters "Biggest Recycling Project" in DMN big stories in real estate
Fossil's new Richardson headquarters were named "Biggest Recycling Project" by the Dallas Morning News' big stories in real estate, 2011.
12/13/2011Connor Group buys 338-unit [Richardson] apartment complex
Centerville, Ohio-based The Connor Group purchased Arboretum Estates in Richardson, Texas, a 338-unit property, from Arboretum Estates LTD, a Texas limited partnership.
12/07/2011500th Wingstop to open
Seventeen years after its first restaurant, Richardson-based Wingstop is preparing to open its 500th location in Brooklyn, NY.
12/06/2011Richardson could see development from recent acquisition

John Jacobs tells the Dallas Business Journal how Richardson could see a development on 43 acres of prime undeveloped land, after a five-building property portfolio was acquired by KBS Stratgegic Opportunity REIT Inc. and JP-Richardson LLC.

12/05/2011Lennox Wins Top Manufacturing Award
The Lennox Industries facility in Stuttgart, Ark. received the top honor for Operational Excellence in the American Manufacturing Strategy Awards. The Richardson-based manufacturer of residential and commercial HVAC equipment beat out Proctor and Gamble and Sunny Delight Beverages Company for the manufacturing honor.
11/30/2011Wingstop secures $15 million for franchise lending

Richardson-based Wingstop Restaurants Inc. said it is offering $15 million in financing for new and existing franchisees.

11/28/2011KBS, JP Realty acquire Richardson office portfolio for $44.5M

KBS Strategic Opportunity REIT Inc. and JP-Richardson LLC, an affiliate of JP Realty Partners Ltd., have jointly bought a portfolio of five office buildings in Richardson for $44.5 million.


11/25/2011UTD adds support for startups
The University of Texas at Dallas has opened a business incubator to help commercialize technology researched at the school and to launch student-run startup companies.
11/24/2011EnTouch secures funding to expand
Richardson-based Entouch Controls Inc. plan to rougly double its 15-person staff in the next year after raising a $2 million round of venture financing.
11/17/2011Ericsson named a Thomson Reuters 2011 Top 100 Global Innovator

Ericsson this week was named a Thomson Reuters 2011 Top 100 Global Innovator, recognizing its achievements as one of the world’s most innovative companies. The program, an initiative issued by the IP Solutions business of Thomson Reuters, providers of intelligent intellectual property solutions and information, analyzes patent data and related metrics in a proprietary methodology to identify the most influential organizations globally.


11/16/2011MetroPCS' Linquist Takes Top Entrepreneur Award
President, CEO, and Chairman of Richardson-based MetroPCS Communications Roger Linquist has scored the top prize in the Ernst & Young National Entrepreneur Of The Year program. Linquist was named the winner of the Ernst & Young National Entrepreneur Of The Year 2011 Media, Entertainment and Communications Award, which recognized leaders for their efforts in building businesses.
11/14/2011Top Site Selection Factors: Available Buildings & Shovel-Ready Sites
John Jacobs, Senior Vice President for Economic Development at REDP, tells Area Development Online that as the economy begins to improve, the immediate availability of buildings is a top factor in site selection
11/14/2011For Second Year in a Row, Richardson Earns Gold Leadership Circle Award for Financial Transparency
The Texas Comptroller of Public Accounts has reaffirmed Richardson as a Gold member in the State Comptroller’s Leadership Circle Awards. The award recognizes Richardson for its efforts to make finances open and accessible.
11/07/2011Fossil 3rd-quarter net income rises
Richardson-based Fossil Inc. reported that third-quarter net income rose 2 percent, above Wall Street expectations, on strong global sales of watches and leather goods. Net income rose 2.1 percent to $69.6 million, or $1.09 per share, from $68.2 million, or $1 per share. Revenue rose 22.7 percent to $642.9 million from $523.8 million last year.
11/03/2011Legacy-GID JV Sells 285-Unit Venue to Amli
Legacy Partners Residential Development and Boston-based General Investment & Development Cos. have sold the 285-unit Venue in Richardson to Amli Residential.
10/31/2011Verizon to Hold Nov. 10 Recycling Rally in Richardson; Urges Area Residents, Employees to Go Green

Verizon will collect unwanted electronics and other material for recycling at their Richardson campus on Nov. 10. This Recycling Rally -- which is free and open to the public -- is part of Verizon's commitment to protect and preserve the environment by enabling the public to be green at work and at home.

10/30/2011Franklin Street Properties Buys AT&T Building in Richardson
Massachusetts-based Franklin Street Properties Corp. has acquired the AT&T Services Building at 1410 Renner Road in Richardson. The 122,300-square-foot office facility is fully leased to AT&T Services, a subsidiary of AT&T Inc.
10/27/2011Freese and Nichols moving to bigger spot
Freese and Nichols Inc. - an engineering, architecture and environmental services firm - will double its office space in Richardson to meet increased demand for the firm's natural gas and oil pipeline services. 
10/19/20113Q Brings Office Absorption Gains
According to the research team at Grubb & Ellis Co., Dallas-Fort Worth office absorbed about 736,000 square feet of office space in the third quarter of 2011, more than half of the year’s total of 1.4 million square feet. The gains were largely felt in the Richardson/Plano/Allen sub-market.
10/11/2011Economist cites Top 10 Texas events, includes Telecom Corridor
Texas economist Ray Perryman shares his Top 10 list of Texas events that had the biggest impact on economic development. Among the events is the development of Richardson's Telecom Corridor.
10/11/2011ACD Continues Growth Strategy with Record Q3
ACD, a leading supplier to the electronics industry based in Richardson, Texas, announces a record Q3 2011.
10/10/2011OraMetrix Makes Inc. Magazine's Exclusive List of America's Fastest Growing Companies
Inc. magazine ranked Richardson-based OraMetrix #2,003 overall and #163 in the health sector on its 29th annual Inc. 500/5000 list, an exclusive ranking of the nation's fastest-growing private companies.
10/07/2011New Names for UT Dallas Management School, Management Honors Program Recognize Record Alumni Gifts

The University of Texas at Dallas joins the ranks of named business schools across the nation in honor of the generosity of three alumni who contributed an unprecedented combined gift of $30 million. The School of Management will now be known as the Naveen Jindal School of Management.  The Management Honors Program will be known as the Charles and Nancy Davidson Honors Program.

10/04/2011Wingstop Sales Up 5.6 Percent in Third Quarter
Wingstop’s same store sales for the third quarter are up 5.6 percent over the same quarter last year, and up 4.7 percent for the year-to-date, marking more than eight consecutive years of positive sales for the brand.
10/04/2011Texas is second in both tech jobs, tech job losses
Texas maintained its rank as the second-largest state for high-high tech employment in 2010, behind California. Although Texas also lost tech jobs last year, the state added 1,900 jobs in the field of computer systems design and related services and 300 positions in engineering services.
10/01/2011Methodist Health System Acquires Richardson Hospital Authority (RHA)
Methodist Health System has purchased the hospital facilities currently owned by Richardson Hospital Authority (RHA) effective October 1, 2011.
09/28/2011University Marks Campus Growth in Twin Ceremonies
A crowd gathered at UT Dallas on September 28 to celebrate two more milestones in campus growth: the official start of construction on the new Arts and Technology building and the successful opening of the Visitor Center and University Bookstore.
09/28/2011Original DART charter board member “Mr. Richardson” steps down

Raymond D. Noah, who has been on the DART board since its inception in 1983, is stepping down. Long before the grand opening of light rail service to Richardson in 2002, Noah worked with city and business leaders to make DART's Galatyn Park Station the gateway to the Galatyn Park retail and residential development.

09/26/2011D-FW office leasing pulls ahead in recent months
The Dallas-Fort Worth office market has seen a surge in the last three months, with net leasing up by more than a half million square feet since mid year. Most of the jump in office space demand has come in the Uptown, Telecom Corridor and West Plano business districts.
09/23/2011FireHost lands $10M investment
FireHost, a Richardson supplier of secure Web-hosting services, has landed a $10 million investment which will be partly used to expand into Europe.
09/13/2011Benning Power Electronics to Celebrate Inauguration of New North American Headquarters
Benning Power Electronics, Inc., a Richardson, Texas-based designer and manufacturer of power conversion systems celebrated its new North American headquarters with a ribbon cutting ceremony and guided tours of the 68,000-square-foot manufacturing facility. 
09/06/2011Flexjet renews lease in Richardson
Flexjet has renewed its lease for 10 years at its Richardson headquarters, citing economics and employee satisfaction with the office at 3400 Waterview Parkway.
08/23/2011Telecom Corridor to get an addition
Stream Data Centers - which just sold its new Richardson data center building - is about to break ground for an even larger project in the Telecom Corridor.
08/22/2011Comets Landing: New Students Arrive at UT Dallas
UT Dallas is expected to break several records this fall, including a new total student enrollment number, according to John Walls, associate vice president for communications. 
08/08/2011Transit-Oriented Development Activity in Richardson
A look at three of Richardson's Light Rail Stations and the redevelopment activities that has been completed or is being planned.
08/07/2011Richardson Restaurant and Retail Update
As of August 2011, 20 new restaurants have opened or expanded in Richardson this year as they continue to take advantage of strong business activity and several new and remodeled centers within the city.
08/05/2011Richardson 2011 Business Relocations/Expansions Already Double 2010’s Impact

Just halfway through 2011, the jobs and occupancy resulting from Richardson business relocations and expansions are more than double last year’s totals. Through June, 24 completed projects reported by the REDP involve 5,174 new or retained jobs (versus 1,918 in 2010) and the occupancy of 1,334,728 square feet of non-retail commercial space (versus 631,032 in 2010). 

08/03/20112nd Quarter Commercial Real Estate Data
2nd quarter commercial real estate data for Richardson, Texas.
 
08/01/2011Who is Hiring in Richardson?

A list of local Richardson companies and organizations that had booths at the recent job fair and are currently hiring.

08/01/2011City has tradition with international companies
Richardson's international business history goes back to the 1980's, when U.S. telecom markets were deregulated, & world beat a path to the Telecom Corridor area.
07/16/2011AMX Announces Acquisition of SchoolView Technologies
AMX, the Richardson-based leading provider of solutions that simplify the implementation, maintenance, and use of technology to create effective environments, announced today the acquisition of SchoolView Technologies, LLC., a Plano, Texas based company specializing in building comprehensive software that consolidates management and control of diverse school technologies at the district, buildling and classroom level, on a single, comprehensive platform.unces Acquisition of SchoolView Technologies
07/12/2011Mike Skelton Named VP for International Business Development
The Richardson Economic Development Partnership hired Michael Skelton to run its new International Business Development program.
07/06/2011Web Host ViaWest to Open Data Center in Richardson, Texas
West hosting provider ViaWest has announced it will hold its grand opening of its new 85,000 square foot data center, Synergy Park, located in Richardson Texas, on July 19th through 20th.
07/02/2011Developer KDC buys Fossil buildings in Richardson
Developer KDC has bought three commercial and office buildings currently occupied by Fossil, Inc. in Richardson, TX. 460,000 square feet of space will be available for rent after Fossil moves out later this year to its new headquarters on North Central Expressway.
06/29/2011Digital Realty Trust Buys Remaining Interest in Datacenter Park Dallas for $53.2M
Digital Realty Trust, Inc. has acquired the remaining interest in Datacenter Park in Richardson for $53.2 million. The Datacenter Park consists of seven buildings totaling 797,000 square feet, ranging in size from 15,000 square feet to 250,000 square feet.
06/25/2011Ericsson Leases 460,000 Square Feet at Former Nortel Campus
Just a few weeks after closing on its $43 million acquisition of the former Nortel campus in Richardson, Pillar Commercial has leased 460,000 square feet in the two-building complex to Ericssson. 
06/17/2011Regional Cooperation is critical to continued success
Bill Sproull, President and CEO of the Richardson Economic Development Partnership, writes about how North Texas communities should prioritize allocating resources to bring companies to our region, instead of competing against neighboring cities.
 
 
06/15/201145 Employers at Richardson's Third Annual Job Fair

The Richardson Chamber of Commerce in partnership with Workforce Solutions of Greater Dallas and Richland College held its annual job fair in June 2011 with 45 employers ready to hire workers in a variety of industries.

06/12/2011Manny Ybarra: Why We Bought the Nortel Campus
Manny Ybarra, President of Pillar Commercial, explains why he purchased the former Nortel campus in Richardson's Telecom Corridor.
05/30/2011250 New Jobs Coming to Richardson, Texas as Operator of Largest Private Medicare Exchange, Extend Health, Opens Second Service Center
Extend Health, Inc., which operates the largest private Medicare exchange in the country, today announced that it will open a second service center that will employ up to 250 people in Richardson. The new service center is expected to open in July 2011. 
05/24/2011Nortel Networks Richardson HQ purchased by Pillar
Dallas-based Pillar Commercial announced Tuesday, May 24 that it is acquiring the former Nortel Network campus on Lakeside Blvd. in Richardson, Texas for $43.1 million.
04/12/2011City receives Highest Credit Rating AGAIN!
City of Richardson Receives Highest Credit Rating from Moody's and S&P for the 4th year in a row rating the city among the most secure in the nation.
03/22/2011Fossil selects 901 Central complex for new HQ
KDC announces that Fossil, Inc., the Richardson-based watch and fashion accesory company will consolidate its 1,100 employers to 901 Central complex, the 535,000 SF former HQ of Blue Cross and Blue Shield of Texas.
03/22/2011Fossil Leases 901 Central complex
KDC announces that Fossil will lease 901 Central
03/15/2011VCE, Major Cloud Computing Company, Establishes HQ and Expansion in Richardson
VCE, Major Cloud Computing Company, Establishes HQ and Expansion in Richardson
03/09/2011UT Dallas Makes Princeton Review's Top 10 Schools for Video Game Design
UT Dallas was named to the "Top 10 Schools for Video Game Design" for 2011 by The Princeton Review in conjuction with GamePro magazine for its innovative Arts and Technology graduate program.
03/08/2011Initiatives to Strengthen City's International Ties
City and Chamber are creating the Mayor's Office for International Business and the Chamber will add a new International Director's position to implement an international marketing and export assistance strategy.
02/16/2011Richardson-based Fossil keeps growing and needs more office space

Fossil Inc. doubled its annual sales in five years, hitting $2 billion for first time in 2010. Now the Richardson-based fashion watch and accessories maker says it needs more office space to accommodate future growth.

02/15/2011Telecom gearmakers set for ’11
Dallas’ AT&T Inc. and Verizon Communications Inc. say they might spend a total of $35.5 billion on capital projects in 2011, a drop from the companies’ combined spending of nearly $36.8 billion in 2010.
02/07/2011Data Centers Are a Growing, Lucrative Business Cluster for Richardson

Cloud Computing is an industry buzzword that also describes a growing business technology cluster in Richardson. The city is currently host to nine company or operator owned data centers, with five more planned or under construction.

02/04/2011Marriott Spring Hill Suites

Ground is being cleared to make way for a new Marriott Spring Hill Suites on the east side of President George Bush Turnpike at Breckinridge Blvd.

02/03/2011New Whataburger at South Plano Road

Whataburger unveiled their latest prototype...

01/24/2011VCE Coalition & Acadia combined and renamed
VCE Coalition and Acadia combined and renamed VCE, The Virtual Computing Enviroment Company
 
VCE Advances Goal of Simplifying IT Delivery through Converged Infrastructure and Ease of
Doing Business; Validated by Growing Partner and Customer Base
 
The VCE Coalition and Acadia have combined into a single entity renamed VCE, The Virtual Computing Environment Company (VCE). This move advances VCE’s ability to simplify the way it does business in the converged infrastructure market – a market projected to be tens of billions of dollars within the next several years.
01/21/2011TriQuint Adds Jobs, Invests in Richardson Plant

In response to growing demand for its communications semiconductors, TriQuint Semiconductor is boosting its head count at their Richardson plant by 31% this year and plans to invest $100 million in new equipment at the plant in the next five years.

TriQuint Semiconductor Inc., which is based in Hillsboro, Ore., the company’s Richardson staff should number close to 700, officials said.

01/21/2011Restaurant and Retail Update

The trend continues. For years, Richardson has been attracting 20-25 new restaurants every year. In 2010, more than 25 new dining venues either opened or announced that they were coming to the city.

01/21/2011Richardson’s Expansion, Relocation and Retention Projects for 2010

Richardson can look back on 2010 with a sense of overall positive economic growth and a resurgence of activity across all of its technology-based companies. Despite uncertainty and volatility in the national economy, Richardson recorded 28 expansion, relocation, start-up and retention projects. The result was 1,918 new or retained jobs and the occupancy of 560,483 square feet of office and flex space.

01/21/2011Legendary Video Gaming Company Chooses Richardson

id Software LLC, part of the ZeniMax Media Inc. family of companies, selected Collins Crossing, 1500 N. Greenville Avenue, for its new headquarters, with 57,000 square feet and two floors. The company will bring 250 employees to Richardson in spring 2011. 

01/21/2011Real Estate Data
REDP's real estate information source, CoStar Group, shows the following
data on Richardson's Class A office, Class B/C office, and Flex and Industrial buildings*:
  • Class A Office Data - Jan. 2011
  • Class B/C Office Data - Jan. 2011
  • Flex Space Data - Jan.2011
  • Industrial Space Data - Jan. 2011
01/21/2011Richardson Mayor Gary Slagel Delivers State of the City Address

This event was held on Wednesday, January 26, 2011, at 5:30 p.m. at the Eisemann Center. You can click here to watch the event live or on Time Warner Cable channel 16 or AT&T U-Verse channel 99.

01/20/2011SSG Expanding in Richardson

SSG Limited, located in Richardson at 801 East Campbell Rd has recently expanded
 it's 6,680 square feet by an additional 1,683 square feet.

01/19/2011Moody’s Joins S&P In Assigning Richardson “Triple A” Bond Rating

As part of Moody’s recalibration of all municipal ratings to their global rating scale, the city of Richardson’s bond rating with the agency has changed from “Aa1” to “AAA”. AAA is the highest rating category assigned by Moody’s.

With this rating, along with the city’s rating of “AAA” by Standard & Poor’s, the City of Richardson has the highest ratings assigned by both rating agencies.

01/16/2011REDP Launches a New Web Site

The Richardson ED Partnership launched a brand new website with special features to assist site selection consultants, commercial real estate brokers, entrepreneurs and local businesses.

01/15/2011How the Dallas-Fort Worth Tech Sector Has Roared Back
"The region's strength is second only to California's Silicon Valley."

The Dallas-Fort Worth area is one of the most significant high-tech business centers in the United States, with several global leadership brands. With about 3,000 technology companies and nearly 230,000 high-tech employees, DFW is arguably the second-largest technology business center in the country, behind California’s Silicon Valley.
01/08/2011Samsung sees a bright future in smart phones, tablet computers
LAS VEGAS – Out of its offices in Richardson, Samsung is designing and creating the smart phones and tablets that mobile users around the world are using.
But it's also dreaming up the wireless devices that won't show up on store shelves for two or three years.
The pace of mobile innovation has come at a breakneck pace in the past several years.
01/08/2011Ex-Nortel headquarters for sale
One of the biggest suburban office campuses in the Dallas area is up for grabs.
Real estate brokers at CB Richard Ellis have been hired to market the more than 800,000-square-foot former Nortel headquarters on North Central Expressway in Richardson.
01/04/2011AirWalk Communications Lands $10 million in Venture Funding

AirWalk Communications Inc
. landed $10 million to close out a $40 million second round of venture funding, furthering plans to grow its 55-person staff by 80% next year. AirWalk will be developing new products and growing its customer base into China, India, Japan and Latin America. The Richardson business, which produces equipment that expands the range of wireless networks, will hire hardware and software engineers, sales engineers, salespeople and support staff.
11/29/2010RISD Recognized For Academic And Financial Excellence
Education Resource Group (ERG), a company that evaluates academic performance and financial management data for all school districts in Texas, has released its 2008-09 Best Practice Awards and Richardson ISD tops the list among districts in the state on the Academic Performance Index.
11/29/2010National Night Out

An outstanding show of support from Richardson residents has put the city at the top of the recognition list for last month’s National Night Out event.
The National Association of Town Watch awarded Richardson 1st place for the 2010 National Night Out competition, which showcases citizen participation between police departments and the communities they serve.

11/28/2010id Software Moves HQ to Richardson
Mesquite-based Id Software LLC and its parent company, ZeniMax Media, have leased 57.100 square feet of office space on two floors of the Collin Crossing building at 1500 N. Greenville Ave. in Richardson.  Id Software is a computer gaming firm that was founded in 1991.
11/15/2010Richardson Businesses Honored at Annual Business and Industry Luncheon
Seven Richardson businesses and organizations and two individuals received awards on Thursday, November 11, for the economic impact they have had in Richardson.  Award recipients were recognized at the annual Business and Industry Awards Luncheon, an event that began in 1987, and held by the Richardson Chamber of Commerce in conjunction with Richardson Rotary clubs.  The purpose of the awards luncheon is to thank local businesses and organizations for creating jobs, building facilities, paying taxes and contributing to the local economy.  The Rotary Clubs presented two annual awards: the Service Above Self award and the Ethnics award.
10/14/2010Chipmaker in Richardson adds jobs, output
In response to growing demand for its communications semiconductors, a Pacific Northwest company is boosting its head count at a Richardson factory by about 31 percent this year and plans to invest $100 million in new equipment at the plant in the next five years.
10/10/2010Two Minutes with Hank Mulvihill, Mulvihill Asset Management

Hank Mulvihill loves asset management, and he’s been doing it since 1987, when he started with Merrill Lynch & Co. Inc. In 1995, after a transition to Alex. Brown & Sons Inc., Mulvihill struck out on his own and started Richardson-based Mulvihill Asset Management. The firm offers fee-based advisers focused on personal service and attention to portfolios and multigenerational estate and asset allocation planning. The firm is small, with just two licensed advisers and two other full-time staff members, but gets work done by outsourcing to Charles Schwab. Mulvihill sees a tremendous growth opportunity in today’s economy and expects to expand the company over the next five years to 25 advisers with offices in major Texas cities, Colorado and Southern California.

06/20/2010Work to start on Richardson retail project
Construction is set to start next week on a $10 million, 32,000-square-foot retail center in Richardson that will contain an Ebby Halliday Realtors office and a Four Sisters Cafe.
06/16/2010Mavenir Systems raises $13.5 million
Mavenir Systems Inc., a maker of telecom equipment, has landed $13.5 million in a fourth round of funding, according to a Securities and Exchange Commission filing.
05/12/2010Hill & Wilkinson shifting HQ to Richardson
Hill & Wilkinson is planning to move its corporate headquarters from Plano to Richardson, where the general contractor has inked a 27,000-square-foot lease.
05/04/2010STOPfakes.com Road Show
04/19/2010Moody’s Joins S&P In Assigning Richardson “Triple A” Bond Rating
As part of Moody’s recalibration of all municipal ratings to their global rating scale, the City of Richardson’s bond rating with the agency has changed from “Aa1” to “Aaa”. Aaa is the highest rating category assigned by Moody’s.
04/07/2010Texas Instruments expanding its Richardson Wafer Fab
Texas Instruments is launching the second phase of an expansion of its Richardson chip factory, giving it the potential to generate an additional $1 billion in revenue annually.
01/12/2010Blue Cross Blue Shield Workers Start to Fill New Headquarters
The first of the health insurer's employees began setting up shop last week in a new $265 million headquarters in Richardson.
The 1-million-square-foot high-rise development on North Central Expressway at Glenville Drive is one of the biggest office projects to open in North Texas in years.
 
by STEVE BROWN / The Dallas Morning News 
01/11/2010University of Texas at Dallas Starts Up Masters in Entrepreneurship
The University of Texas at Dallas kicks off a master's degree in entrepreneurship this week, making it the first state college in Texas to offer such a program.
 
By SHERYL JEAN / The Dallas Morning News  
 
11/22/2009Paragon Innovations plans Richardson move
Paragon Innovations Inc. has bought a building in Richardson to move its corporate headquarters into in the first quarter of 2010.
 
Dallas Business Journal - by Bill Hethcock Staff Writer 
09/15/2009TI opens world’s most advanced analog manufacturing facility in Richardson
RICHARDSON, TEXAS September 29 /PRNewswire/—Texas Instruments Incorporated (TI) (NYSE:TXN) announced today the opening of its manufacturing facility in Richardson, Texas. The company expects to begin moving equipment into the facility in October.
09/10/2009Richardson industrial campus getting a makeover
A Richardson industrial campus is getting a makeover that will turn it into one of the region's largest data and telecommunications complexes.
By STEVE BROWN / The Dallas Morning News  
08/26/2009Investors buy key building site next to Richardson DART station
Parliament Group, a Dallas real estate investment firm, has acquired a prime 220-acre site adjacent to DART's rail stop in Richardson.
By STEVE BROWN / The Dallas Morning News
08/20/2009Hitachi opens "4G" facility in Richardson
Hitachi Communication Technologies America Inc. has opened a new facility in Richardson’s Telecom Corridor. The operation will focus on developing network infrastructure support for what's known as the fourth generation of mobile communications, or "4G."
 
Dallas Business Journal 
07/25/2009Richardson One of 15 Government-Heavy (and Recession-Resistant) Cities
It's been said that if there's one type of job that's recession proof, it's a government job. After all, spending by federal and state governments tends to go up in recessions, and that's been especially true with President Obama's stimulus response. But it's not exactly true that government jobs are recession proof. Government employment growth has slowed to a trickle: According to the Bureau of Labor Statistics, government employment has added an average of about 5,000 workers a month over the past year. In June, the government sector actually lost 52,000 jobs.
 
U.S. News & World Report
07/06/2009AT&T signs lease for Richardson building
The Dallas-based communications giant is renting more than 200,000 square feet of space – all of the seven-story building at 2270 Lakeside Blvd. just east of North Central Expressway.

By STEVE BROWN / The Dallas Morning News

03/24/2009G Systems moving its offices from Plano to Richardson
G Systems has leased office space in Richardson for its headquarters.
Laughlin Commercial Realty Group said that the engineering services and systems company leased 17,000 square feet of office space at 1240 East Campbell Road from Kennington Capital. The company was previously located in Plano.
 
By STEVE BROWN / The Dallas Morning News 
02/06/2009Richardson nabs Texas Capital
The Dallas-based bank signed an 11-year lease for 80,000 square feet at 2350 Lakeside Blvd. ­— one of the largest office leases in the city in more than a year. Texas Capital plans to move into the space in early June.

Dallas Business Journal - by Bill Hethcock Staff writer
01/14/2009Fujitsu Adds to Richardson Facility
Fujitsu Network Communications, a leading supplier of innovative optical and wireless networking solutions, today announced an expansion of existing laboratory facilities at their Richardson headquarters to support next-generation wireless technologies, including Long Term Evolution (LTE).
01/11/2009Richardson Emerging stronger by learning from experience
As the national recession sets in across the land in 2009, there are still a number of bright spots in North Texas, particularly in Richardson. What has made Richardson resilient to economic stress is our recovery from the 2001 tech downturn. Learning from that experience, Richardson emerged stronger, more diversified and better positioned to handle the current economic crisis. Now, ironically, the technology companies are among our brightest performers.
11/08/2008Richardson Second In State As "Best Place to Raise Your Kids"
BusinessWeek magazine recently ranked the City of Richardson second in the state of Texas as the best, most affordable place to raise children. The magazine partnered with OnBoard Informatics, a Manhattan-based provider of real estate analysis, to determine each state’s best affordable cities for raising children.
10/19/2008REDP Receives Honorable Mention at Economic Development Conference
Acknowledging the Richardson Economic Development Partnership (REDP) for its innovative entrepreneurship-based program, the International Economic Development Council (IEDC) recognized the Richardson, Texas-based entity with an Honorable Mention at IEDC's Annual Conference, which took place in Atlanta, Georgia, October 19-22. The organization was noticed for this achievement during an awards ceremony on Tuesday, October 21st.
10/04/2008Richardson Regional Medical Center Expansion of Bush/Renner Campus
Richardson Regional Medical Center has opened the Bush/Renner Campus’ new cancer center and outpatient hospital.
 
Collin County Business Press-October 6, 2008
08/31/2008Vertex Outsourcing Sets Up U.S. Headquarters in Richardson
Vertex Outsourcing has leased office space in Richardson, where it will set up its U.S. corporate headquarters, employing about 220.
Dallas Business Journal - by Bill Hethcock Staff Writer 
08/29/2008Fed's Lastest Survey: Texas Economy Stronger Than Most
Despite a tighter labor market, elevating commodity and fuel prices and sluggish retail sales, the Texas business sector remains stronger than most other parts of the country, according to the Federal Reserve’s latest Beige Book survey for the Dallas district.
Fed's Lastest Survey: Texas Economy Stronger Than Most
07/19/2008Sprouts Farmers Market Sprouting in Richardson
The Richardson Chamber and City Officials helped celebrate the opening of the new Sprouts Farmers Market with a Grand Opening Ribbon Cutting Ceremony on Wednesday, July 23rd.
07/08/2008Fujitsu Expands Manufacturing Capacity in North Texas
Fujitsu Network Communications, a leading supplier of innovative optical and wireless networking solutions, announced today that they are expanding manufacturing capacity at their Richardson, Texas, headquarters.
06/22/2008Promenade Shopping Center Sold
A Houston investor has made its first North Texas shopping center buy.  A partnership set up by Hartman Management acquired the Promenade shopping center in Richardson.
06/20/2008TI Foundation Donates $500,000 to Eisemann Center
Texas Instruments Foundation donated $500,000 to the Eisemann Center to help fund the second phase of capital projects at the Richardson performing arts center.
05/17/2008UTD Technology Program to Link Faculty and Students to Entrepreneurial Resources
UT Dallas is reinventing how it commercializes its intellectual property by establishing an office to help researchers create companies and move their inventions from the lab to the marketplace.
04/29/2008Richardson 1 of 4 Texas Communities with AAA Bond Rating
Standard & Poor's Rating Services has upgraded the standard long-term bond rating and underlying bond ratings for Richardson's general obligation debt to AAA from the previous rating of AA+, the city has announced.
04/19/2008Fujitsu Transaction Solutions Moves HQ to Richardson
Fujitsu Transaction Solutions Inc., a leading global technology solutions provider to specialty and grocery retailers, will relocate its North American headquarters to the Fujitsu campus in Richardson, Texas.
04/17/2008REDP Recognized by TEDC for Excellence
Repeatedly recognized as a premier economic development organization, the Richardson Economic Development Partnership (REDP) was one of twenty-two organizations in the state of Texas who received the 2007 Economic Excellence award by the Texas Economic Development Council.

 

04/08/2008Korean Tech Companies Eye UTD Consortium
As many as five South Korean technology companies could open branch offices in Texas to be close to a $14.4 million, public-private research consortium centered at the University of Texas at Dallas.

Dallas Business Journal - by Jeff Bounds Staff Writer 
03/24/2008Eastside Brings Urban Town Center to Richardson
Richardson’s famed “Telecom Corridor” is in the midst of revitalization as the first new apartments, shops and restaurants near opening at Eastside, a new 14.8 acre mixed-use development. Eastside is transforming an existing office building and parking lot into a live-work-play destination for urban living along US-75 and the DART line.
03/23/2008Dutch Company Opens U.S. HQ in Richardson
With amateur shutterbugs turning increasingly to digital cameras, a fast-growing Netherlands-based digital photo printer is expanding into the United States with a U.S. subsidiary, Photofun Inc.
 
Dallas Business Journal - by Margaret Allen Staff Writer
03/09/2008Construction to start soon on Brick Row

Developers are kicking off construction on what will be one of the most ambitious redevelopments yet in Richardson. 

The Brick Row residential and commercial project will build an entire neighborhood of apartments, shops and townhouses adjacent to an existing light-rail station.

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
02/07/2008TI Foundation Announces Grant to Inspire Future Innovators
The Texas Instruments Foundation has established a $332,400 grant over a three-year period to create a TI Science & Technology Innovation Fund. The fund, announced Wednesday, will support innovation and entrepreneurial development camps for high school juniors and seniors to increase interest in science and technology careers.
01/23/2008Rockwell Collins Expansion Announced by Governor Perry
AUSTIN – Gov. Rick Perry today announced a $1.67 million Texas Enterprise Fund (TEF) award to Rockwell Collins Inc. to expand their operations in Texas. The company will lease 90,000 square feet of space to accommodate growth at its facility in Richardson, create 334 new, high-paying jobs and invest more than $6.7 million in machinery and equipment for the new building.
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