DALLAS/FT. WORTH COMMERCIAL REAL ESTATE NEWS

Where is Class A Apartment Rent Growth Outperforming Class B?

June 19 2018

The 316-unit Gables Water Street apartment complex at 5270 N. O'Connor Blvd. in Irving, TX It’s no secret that Class B (3-Star) rent growth has outperformed Class A (4- and 5-Star) recently in Dallas-Fort Worth. This is primarily due to supply: virtually all new supply this cycle has consi

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VMInnovations Leases 416,891 SF of Distribution Space in North Texas

June 18 2018

VMInnovations, an online retailer that sells goods through Amazon.com and EBay, has signed a big lease in southern Dallas County for its new southern U.S. regional distribution center. The Nebraska-based company, which sells everything from baby gear to home and garden items to electronics, signed a lease for 416,891 square feet of industrial space at Core5 Logistics Center, a brand new, 754,897-square-foot facility located at 1200 W. Wintergreen...

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FREO Group, Circle Industrial Buy Nearly $100M Industrial Portfolio in Texas, Atlanta

June 18 2018

A partnership between global real estate investor FREO Group and Los Angeles-based Circle Industrial has acquired a 52-building, 1.63 million-square-foot infill distribution portfolio in Dallas-Fort Worth and Atlanta. The 11-asset portfolio sold for $99.4 million with the help of $69.2 million in acquisition financing through CIBC Bank. At the time of the deal, the portfolio was 87.3 percent leased. HFF helped the partnership place the three...

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The Beck Group to Relocate to Skyscraper in Downtown Dallas

June 18 2018

The Beck Group, a Dallas-based architecture and construction firm, plans to relocate its corporate headquarters, including more than 200 employees, from the Arts District to Thanksgiving Tower in downtown Dallas. The company said it plans to relocate its longtime offices along Ross Avenue in the Arts District to another downtown office building to illustrate its commitment to the central business district. "Being here allows us to be close...

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Rent-A-Center Accepts $1.4 Billion Take-Private Buyout Offer

June 18 2018

Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company's net debt. The all-cash deal, which is not subject to financing, is slated to close by the end of the year. It is subject to stockholder...

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Driven by In-Migration, Dallas-Fort Worth Population Growth Tops the Nation

June 14 2018

Dallas-Fort Worth has added about 1.1 million new residents since 2010, about the same number as Houston. While the rate of population growth on a percentage basis is higher in smaller metros like Austin or San Antonio, nominal growth rates in D-FW and Houston far outpace any other metropolitan area nationwide. In fact, the amount of new residents in D-FW and Houston since 2010 is roughly equal to the Austin region’s entire population. In terms...

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Irving-based JPI Jumps on Next Phase of Community Near Dallas Love Field

June 14 2018

Irving-based JPI, a rapidly growing apartment developer in North Texas, has started construction on the second phase of an apartment community at the $200 million West Love mixed-use development near Dallas Love Field airport. The 354-unit, Class A apartment community at 2304 W. Mockingbird Lane is the apartment developer's second phase of Jefferson West Love following the rapid lease-up of the initial phase of the community, which has 368 homes...

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Here’s Why Infrastructure Tops this Ranking as the No. 1 Issue Facing Real Estate

June 14 2018

Pictured: Joseph Nahas Jr., senior vice president with Equus Capital Partners and this year’s global chair of The Counselors of Real Estate.LAS VEGAS –  When Joseph Nahas, Jr. and his team at The Counselors of Real Estate, an invitation-only industry group with 1,100 members, began to put together its annual list of rankings of the top 10 issues facing the real estate industry, a clear line began to form down the middle of the list. That...

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Investment Strategy for JLL-Affiliated REIT Centers on Urban and Suburban Opportunities

June 12 2018

Chicago-based JLL Income Property Trust, an affiliate of Jones Lang LaSalle, has acquired the 328-unit Villas at Legacy in Plano, TX - the latest deal of a much bigger investment strategy. The real estate investment trust is executing on a real estate strategy focused on buying properties in sought-after areas with a high barrier to entry from competitors developing additional apartment communities in the immediate vicinity. The REIT, which...

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CT, Port Logistics Realty Begin New Spec Distribution Hub in Suburban Dallas

June 11 2018

Newport Beach, CA-based CT and its affiliate, Dallas-based Port Logistics Realty, have begun construction on a new 401,577-square-foot speculative distribution hub and warehouse in Grand Prairie, an adjacent suburb on the west side of downtown Dallas. Upon its completion, the soon-to-be built industrial facility, known as Oakdale Logistics Center, would sit on a 24-acre parcel at 949 W. Oakdale Road. The new facility is being built in North Texas...

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Behind the Curtain of Irving, Texas' Latest Litigious Battle Over its Entertainment Destination

June 07 2018

It's been about a week since Texas icon and entertainer Billy Bob Barnett closed Big Beat Dallas, a handful of bars and restaurants located within the brand new Toyota Music Factory entertainment district in Irving, TX, but the allegations behind the closure have just begun. In a lawsuit filed Wednesday, a newly formed group of taxpaying residents in Irving, named Irving Taxpayers Matter, has filed a petition to a Dallas County court in hopes of...

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Exxon Mobil's XTO Energy to Sell its Last Office Tower in Downtown Fort Worth

June 07 2018

XTO Energy Inc., a subsidiary of Irving, TX-based Exxon Mobil, which is moving its headquarters to Houston this summer, is selling off its second-to-last building in downtown Fort Worth, TX. XTO Energy plans to sell its 24-story, 185,757-square-foot office building at 714 Main St. after deciding to consolidate its remaining North Texas operations at the adjacent XTO-owned office building at 711 Houston St. The tower at 714 Main last traded to...

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