3 Companies Announce Relocation to Allen

3 Companies Announce Relocation to Allen

With increased business moves to North Texas, Allen a city of more than 90,000, is appearing more often on corporate radar screens.   In fact three businesses have announced relocations to the city – coming from California, New Jersey and Illinois – all looking for lower taxes and a can-do business climate in Texas.

·        CVE Technology Group Inc., a New Jersey-based electronics company, has just announced relocation of its headquarters to Allen’s Enterprise Business Park.    By next year, CVE plans to have 1,200 workers in Allen, making it the city’s largest employer. 

·        Kone Americas’ is consolidating its regional operations in Allen.   Work is starting on a new office and research facility for Kone on the east side of U.S. 75. The company will be lead tenant in a 102,000-square-foot office building.   As part of the new project in Allen, a seven-story test facility will be built.

·        MonkeySports, Inc in Corona, Caifornia announced in May that it was relocating to Allen.    The online retailer of hockey equipment also plans to open a sporting goods superstore. MonkeySports said it’s trading California for Texas in a search for a more favorable business climate.  The sporting goods firm plans to hire an additional 150 workers in Allen this year.

–          Dallas Morning News

DFW Home Prices Up 5.2%

Dallas-Fort Worth home prices were up 5.2 percent in the second quarter from a year ago, according to the latest Realtor survey.   Nationwide, prices were up 4.4 percent, the smallest increase since 2012, according to the National Association of Realtors.  Analysts have been forecasting a slower rate of home price growth this year.  DFW home prices have cooled dramatically from the 9 percent rise in the first quarter.

          Dallas Morning News