DALLAS – (Realty News Report) – AECOM, a large design engineering firm, is moving its headquarters from Los Angeles to Dallas.
AECOM’s move extends a corporate trend as companies have relocated from California to what is called a business-friendly environment with lower taxes in Texas. CBRE recently moved its HQ to Dallas; Oracle relocated its HQ to Austin and Hewlett Packard Enterprise moved to the City Place (nee Springwoods Village) on the north side of Houston.
AECOM, a Fortune 500 company with $13.2 billion in revenue, is not expected to move a large number of employees from Los Angeles. But AECOM chief executive Troy Rudd and other leadership will join AECOM’s existing work force in Dallas at the Galleria Tower One, 13355 Noel Road, which was developed by Hines in 1982.
Dallas has attracted a number of major headquarters from California in recent years, including Toyota North America, Charles Schwab, McKesson, Core-Mark and Jacobs Engineering.
The AECOM relocation gives Dallas the headquarters of the three largest engineering design firms in the nation: Jacobs, AECOM and Fluor, according to the Dallas Morning News and Engineering News-Record. AECOM has 47,000 employees worldwide.
“AECOM’s California clients and communities will continue to benefit from the company’s 2,500 employees based at its downtown Los Angeles office and other offices throughout the state,” AECOM said in a news release. “AECOM has had a longstanding presence in both California and Texas with our professionals delivering transformational projects that uplift communities and improve quality of life. While the North Texas region today provides AECOM additional benefits as a corporate hub and talent magnet for the engineering and consulting industry, both markets remain core to the company’s growth strategy.”
The sunny states of Texas and Florida are hot spots for relocation. The big losers in the domestic migration trends are California and New York, according a recent report from the U.S. Census Bureau.
The national population expanded by 1.15 million from mid-2019 to mid-2020, according to population estimates from the U.S. Census Bureau. Just two states — Texas and Florida — added a combined 600,000 people, accounting for more than half of the nation’s population growth over the year.”
Aug 30, 2021 Realty News Report Copyright 2021
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File: Corporate Headquarters Relocates to Texas from California
Image: Courtesy HInes