Category: Business

Capital Idea: ESD Students Invest In Stock Market

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Matthew Dross hopes to become an investment banker after college. Math and numbers come easily to him; he’s already excelled in several AP classes, including calculus, physics, and microeconomics, and plans to add macroeconomics to his resume before May’s graduation.

Outside of class, Dross is a member of ESD’s Student-Managed Investment Fund club. The group, which meets weekly with ESD chief financial officer Robert Buchholz and several parent volunteers, works together to manage and monitor a portion of the school’s cash reserves the club had invested in the stock market.

Last year, ESD’s board of directors set aside $50,000 specifically for the SMIF; the current portfolio is valued at a little under $52,000. The idea is that students who are involved in ESD’s investment group can gain a competitive edge when it comes to college admission processes.


Brewer Faces Sanctions, Ethics Training

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skye-william-brewer-crop

Bill Brewer

Preston Hollow trial lawyer Bill Brewer faces time in ethics training and $133,000 in sanctions after State District Judge Ruben Reyes declared that Brewer tried to influence potential jurors through a push poll in a wrongful death and products liability case, the Texas Lawbook and Dallas Morning News reports.

The case in question was Teel vs. Titeflex Corp, with Brewer representing Titeflex. In 2014, The Teel family alleged the company’s steel pipelines led to a gas explosion that killed their son, Brennan Teel.

In 2012, the parties settled for an undisclosed amount, according to the DMN.


Let Dallas Eat More Cake

(Photo: John Gallino/PR NEWSWIRE) 0
(Photo: John Gallino/PR NEWSWIRE)

As if you couldn’t get enough sugar at Sprinkles, Cake Boss Buddy Velastro — of TLC fame — has decided to pour more sugar into Preston Center by opening a Carlo’s Bakery in March.

This is the 13th location for the 106-year-old bakery, which was started Hoboken, N.J. This is the first Texas location.


Preston Luggage Shop Says ‘Bon Voyage’

Kathy Lynd, seen here in 2011, is closing longtime Preston Center staple Preston Luggage and Gifts this February. (File Photo: Chris McGathey) 0
Kathy Lynd, seen here in 2011, is closing longtime Preston Center staple Preston Luggage and Gifts this February. (File Photo: Chris McGathey)

Here’s some sad news for world travelers. Preston Luggage & Gifts is shutting its doors. You might remember that owner Kathy Lynd drew national attention when she and the shop were featured in a recurring bit on the Late Show With David Letterman.

“We would like to thank all of our customers for all their loyalty throughout the 46 years we have been here,” Lynd wrote in an email. “It has been a great pleasure serving all of them over the years.”

Lynd cited the economy as a reason for closing. She said the store is in the process of discounting all remaining inventory. The plan is to close at the end of February, so head over now and say, “Sayonara.”


Report: Billionaire Banker Buys Hicks Estate

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Get ready to put a "sold" sign in the yard. (Photo: Stephen Reed)

Get ready to put a “sold” sign in the yard. (Photo: Stephen Reed)

The $100 million Preston Hollow mansion previously owned by Tom Hicks is officially off the market.

The Dallas Morning News is reporting that billionaire banker Andy Beal has bought the estate, with realtor Allie Beth Allman closing the deal today.

The price tag on the 25-acre property in the 10000 block of Hollow Way Road marks the largest residential real-estate transaction in Dallas history. It’s been on the market for a while since the pool of qualified prospective buyers has been understandably small.


Watch Venture Gives Hands-On Experience

ESD alums Hunt Neurohr and Garrett Greenberg, who now attend TCU, helped to start Monaco Watch Company. (Courtesy Photo) 0
ESD alums Hunt Neurohr and Garrett Greenberg, who now attend TCU, helped to start Monaco Watch Company. (Courtesy Photo)

Daniel Castañeda, Garrett Greenberg, and Hunt Neurohr may just be juniors at TCU, but they know there is no time like the present when it comes to starting a business that provides consumers with something unique.

Their product? High-end watches. The connection? Castañeda and Neurohr are roommates. Neurohr and Greenberg met as classmates at ESD, and their friendship flourished when they found themselves at the same college.

“When Daniel came to me and told me about the chance to start a watch company, I was fully invested and ready to do it,” Greenberg said.

Monaco Watch Company went live in April, and while the watches themselves aren’t anything revolutionary, the price points have got TCU students and watch connoisseurs alike frequenting the online store for the latest deals for both men and women.


Saint Bernard Has New Name, Locations

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This used to be St. Bernard Sports. Now it's just Saint Bernard.

This used to be St. Bernard Sports. Now it’s just Saint Bernard.

The name isn’t all that’s new for a venerable retailer with its flagship store at Inwood Village.

St. Bernard Sports has shortened its name to just Saint Bernard, and in addition to its two Dallas locations (including an outlet store at The Shops at Park Lane), the company is expanding to Austin and Houston in 2016.

Saint Bernard will open a 12,000-square-foot store in the River Oaks District in Houston in the spring, followed by a second Austin location in The Domain in Austin next fall. The company first expanded to Austin in 2007.

The family-owned retailer is expected to reach about $28 million in sales this year.


Westcott Looks to Make a Mark With Luxury Complex

Commodore Development recently broke ground on The Mark at Midtown Park, near the intersection of Central Expressway and Meadow Road. The complex is expected to open in 2017. (Photo Courtesy Commodore Development) 0
Commodore Development recently broke ground on The Mark at Midtown Park, near the intersection of Central Expressway and Meadow Road. The complex is expected to open in 2017. (Photo Courtesy Commodore Development)

Park Cities developer Carl Westcott is venturing into the crowded but lucrative Dallas luxury multifamily market.

In November, Westcott affiliate Commodore Development broke ground on The Mark at Midtown Park, a four-story project on the east side of North Central Expressway, just north of Meadow Road.

The Mark at Midtown Park will include 274 units with floor plans from one to three bedrooms, with amenities including a resort-style pool with outdoor TV lounge and cabana, a clubhouse area that overlooks the pool, and a dog park with washing area. Lincoln Property Company will manage the complex.

“The demand for multifamily is still strong despite all the construction that’s been going up,” said Swayze Smartt, president of Commodore Development. “There’s not a whole lot of new multifamily product in that area.”


Hockadaisy And Mom Find Niche With Lucite

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Sukilynn Photography

The Bannisters create Lucite home accessories by embedding precious stones. (Courtesy Photo)

Sawyer Bannister wanted unique bookends to go in her new Preston Hollow bedroom. She scoured a resale store in California, and when that didn’t work out, she began brainstorming ideas with her mom as they walked along the beach.

A few months later, the mother-daughter team launched a business.

“Together we made a few sketches and some designs; and here we are now,” Sawyer said.

Sawyer and her mother, Kim Bannister, started the Sawyer Collection in August 2014. They create Lucite home accessories, designing color infusion pieces and embedding precious stones, fossils, and even a feather.