Townhouses do not really fit into either of the main categories of homes for sale in Dallas. They are not as spread-out as your typical single family home, yet they provide more space than a condominium. The market is not quite sure how to view them either, and right now townhouses are having mixed success in the marketplace.

Unfinished Business

Some builders, plagued by an excessive amount of inventory already on the market, are pulling the plug and walking away from partially finished developments. For example, on Bryan Street there is a large, unfinished townhouse development that has been abandoned, leaving the weeds to reclaim the property.

Starts are Down

Starts in Dallas townhouses are also down, dropping 75% since their early 2007 peak. Right now the number of finished, vacant townhouses available to buy was 335 at the end of 2007, up from 200 in late 2006. This is an estimated nine-month supply of Dallas townhouses, significantly more than the traditionally acceptable two and a half month supply found in stronger markets.

Some developers continue to forge on, though. Those in good locations or who have something unique to offer are pressing on with new Dallas townhouse projects, such as the Ross Avenue Brownstones. They will be finished and ready to buy in March 2008.

The good news for buyers is that developers are looking to sell, and will likely offer incentives to prospective buyers to entice them into completing a sale. This makes the townhouse market particularly attractive. Those with down payments and good credit should consider taking advantages of the bargains available in the Dallas townhouse market.

While there is widespread disagreement as to if the U.S. economy is on the edge of a depression, a recession or is just experiencing an “anxiety economy”, no one can argue that the financial crisis is not having a huge ripple effect and its going to take years to work out.

Rick Erling, President of The CxO Group, LLC, a Dallas, Texas CEO Coaching and Business Performance Improvement firm adds “Today’s uncertain economic times are forcing all executives, managers, and business owners to adopt new strategies for navigating through the current business downturn. At times like these many companies prefer to move into a survival strategy to ride out the storm.

Survival strategy, while conservative, has one underlying problem. In today’s hyper-connected economy things can unravel quickly and when your business is not growing and improving it is falling behind and headed for extinction. Keep in mind that even though your business may be slow today, your business will return to profitability in the future, IF you do what is necessary to survive today. ”

The CxO Group specializes in CEO coaching and business performance improvement by integrating financial management, strategies, marketing, and sales to maximize corporate revenue growth. We use a copyrighted methodology to advise CEOs on action steps to take to grow revenues, consult with management staff on best practices and train sales and marketing teams on tactics and strategies that put your business value in front of you so your prospects see you differently than your competition and take action steps to buy.

So, what are you going to do? Let employees go?  Cut back on marketing?  Squeeze your current clients for more money? Yes, you can do all of this, but is that going to help? What can you specifically do during a recession to grow your business profitability?

Receive our COMPLEMENTARY SPECIAL REPORT titled “10 Tips To Grow Your Business in a Recession or Economic Downturn” that will help answer those questions. You can download your copy now at this special link  http://growth.thecxogroup.com/ . Alternatively, you can contact us by email at  info@thecxogroup.com, or call (972) 727-6880 to request your copy.

“A recession is when your neighbor is out of work. A depression is when you are out of work.” Rick Erling - President The CxO Group, LLC

This fall, free outdoor concerts will be offered in downtown Arlington in the one-of-a-kind Leavitt Pavilion. Designed to be a gathering place for the community, it will be the only amphitheater of its kind in Texas.

Fifty free concerts are planned to take place at the pavilion once it opens in the fall of this year. A gift of $250,000 from the Mortimer Levitt Foundation kicked off the planning for this attraction that will become the crowning jewel of Founder’s Plaza. A fundraising campaign in underway to secure the remainder of the funds needed to complete construction.

Pavilion Gives a Cultural Boost to Downtown

As the city of Arlington continues to develop, this gem will provide an added benefit for anyone seeking to purchase Arlington real estate. The city hopes the free concerts will engage a diverse cross section of the city, providing them with social and cultural enrichment that was previously unavailable in this community.

The Mortimer Leavitt Foundation has a History of Enriching Lives

The first Leavitt Pavilion was established over 30 years ago in Westport, Connecticut. The foundation has continued to bestow the gift of artistic enrichment on chosen communities who will benefit from such a gift, including Pasadena, California and Harrisburg, Pennsylvania. Proposed openings of new pavilions, in addition to the one planned in Arlington, include Memphis, Tennessee and MacArthur Park in Los Angeles. All three new pavilions are expected to host their first concerts during 2008.

The addition of the Leavitt Pavilion to Founder’s Square will provide a wealth of beautifying open space and enriching artistic showmanship to those lucky enough to call Arlington home.