Forbes Names McKinney, TX 9th Best Place to Live in US

July 13, 2009 - Pegasus News - McKinney was recently named as one of the 25 Best Places to Move in the country by Forbes.com, coming in at #9. Out of the list of 25, six cities are in the Dallas metropolitan area, including Flower Mound at #6, Frisco at #7, McKinney at #9, Carrollton at #12, Allen at #19, and Plano at #25.

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Stocks jump on bank plan, rise in home sales

By TIM PARADIS, AP Business Writer

NEW YORK – Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing.

Investors reignited a two-week rally Monday after hearing the government's plan to help banks remove as much as $1 trillion in bad assets from their books and home sales showed a surprise increase. Major stock indexes jumped as much as 4 percent, including the Dow Jones industrial average, which rose nearly 300 points.

The Treasury Department said its plan would rely on the government's $700 billion financial rescue fund, the Federal Reserve and the Federal Deposit Insurance Corp., as well as private investors.

Full Story March 23, 2009

Apartment Developers Flocking to Frisco's Booming Market

(Frisco) - Post Properties is starting work on 275 apartments just east of the Dallas North Tollway. Post Properties' four-story Sierra Frisco apartment community on Warren Parkway will include 30,000 square feet of ground-floor retail. Post also has land for an additional 350 units. Just across Parkwood Boulevard, developer Westwood Residential has broken ground on a 655-unit apartment community that's part of the Centre at Preston Ridge mixed-use development. Westwood's four-story buildings in Centre at Preston Ridge II will have about 15,000 square feet of retail and office space on the lower floors. Rents in the project will average around $975 a month. Several more apartment developments are in the works further north off the tollway in Frisco. Wood Partners plans to break ground in early 2008 on a 340-unit rental community called Alta Frisco on Eldorado Parkway just east of the tollway. Wood Partners plans to build a series of three-story townhouse-style buildings. Hermansen Land Development has purchased 88 acres at Frisco's Main Street and the tollway where it will build a mixed-use project called Frisco Market Center. That project will include about 700 residential units, including apartments. And just across the tollway on Main Street, developers of the Frisco Square complex are gearing up for a new apartment building program. Robert Shaw has joined the project and plans to build about 800 rental units in Frisco Square. The first development of 286 apartments will kick off in early 2008. Frisco Square already has 114 apartments in two buildings across from the new City Hall.

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