Newsroom

Richardson retail announcements and redevelopments continue to make headlines.In addition to activity at CityLine where State Farm and Raytheon
are the corporate anchors, retail buildings are being remodeled and repurposed with new tenants. Here’s the latest summary of projects that are in the planning
stages or already underway:

REDP has focused its recruitment efforts on California the past year. Here is a summary of three California companies who recently expanded to Richardson and the reasons behind their decisions.

In 2014, Mike Skelton, Director of
the Mayor’s Office of International Business, met with 42 foreign delegations visiting from
around the globe, visited the UK to conduct economic development business, and met
with foreign-based companies visiting Richardson including Cash Management and
VMN Plus Argentina.

State Farm Insurance will begin moving into their new offices in the CityLine development this week with a complete move occurring over the next couple of weeks and months.

Yahoo!-anchored and 88 percent occupied Cardinal Technology Center acquired by Miami-based real estate investor Adler Kawa Real Estate Advisors.

Mavenir Systems® extends their next generation software portfolio to include diameter signaling solutions though their upcoming acquisition of Ulticom, Inc.

An Orlando, Fla.-based real estate investor CNL Commercial Real Estate Inc., along with joint venture partner Center Square Investment Management, has purchased the former headquarters for Fossil Inc. in Richardson.

Construction has started on a large new rental community just across the street from State Farm Insurance’s huge campus in Richardson.

Dallas-Fort Worth has seen dramatic growth in video game studios and gaming software development jobs in the last few years. Richardson has three video game companies, the biggest being id Software.