Category Archives: Plano

‘We’ve got to play by Plano’s rules’: Latest buyer linked to Collin Creek Mall calls for few, if any, apartments

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(Cassidy Ritter/Community Impact Newspaper)

A new developer has positioned himself as the frontrunner to purchase and revamp Plano’s ailing Collin Creek Mall into a mixed-use district—but unlike a number of similar projects in the area, the prospective buyer’s plans are not expected to include traditional apartment units.

Farmers Branch-based real estate firm Centurion American has part of the mall under contract and is participating in negotiations to acquire the Sears, Macy’s and Amazing Jake’s anchor store properties, the firm’s President and CEO Mehrdad Moayedi told Community Impact Newspaper on Monday.

Parts of the plan—particularly its residential components, which feature hundreds of town houses and condominiums instead of apartments—were designed with local political realities in mind, Moayedi said.

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Capital One to lay off 286 employees from Plano office by Oct. 1

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A Capital One spokesperson said the layoffs are tied to a May 8 announcement that Capital One had sold off approximately $17 billion worth of first and second lien mortgages to DLJ Mortgage Capital.

“Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible,” Capital One CFO R. Scott Blackley said in a company news release.

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Plano-area children’s advocates hail improvements to CPS retention, turn focus to foster care system

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Designed by Breanna Flores/Community Impact Newspaper

Since then, conditions for CPS investigators have improved across the board, a fact acknowledged by children’s advocacy groups that have been pushing for reform and supported by data tracked by the state. Salaries are one-third higher, turnover rates are down, and caseworker responses to reports of abuse or neglect are more timely than their recent lows in 2016.

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