FRISCO – Amazon has leased a new building in Dallas Cowboys owner Jerry Jones’ Star Business Park off Preston Rd. The 250,000-sf facility will serve as a fulfillment center. In 2018, Blue Star Land bought the 200-acre Frisco Park 25 project for almost $38 million and renamed it Star Business Park. Lincoln Property Co. is marketing the […]
Archives: June 2020
Construction underway on the next phase of The Gate
FRISCO – Construction is underway on the next phase of The Gate, the 49-acre, $1 billion mixed-use development on the Dallas North Tollway. The project on John Hickman Pkwy. at Dubai Way will include a 35,000-sf Govindji’s jewelry store, restaurants, and underground parking. Dubai-based Invest Group Overseas will open the project at the end of 2021. The Real Estate […]
Urban Genesis starts work on 201-unit MLK Highline
AUSTIN – Houston-based Urban Genesis has broken ground on MLK Highline, a 201-unit apartment complex on two acres at 2832 E. Martin Luther King Jr. Blvd. The five-story property will feature one-bedroom units averaging 600 sf. There will be 10,000 sf of retail space on the ground level. Construction will be complete in first quarter 2022. The […]
$80M distribution project on the way in Forney
FORNEY – Georgia-based Seefried Industrial Properties is building an $80 million industrial project in Petro-Hunt’s 2,000-acre Gateway Development on U.S. 80. The new building at Gateway Blvd. and Akron Way will be a more than one million-sf e-commerce fulfillment facility. Construction will start in July and take a year to complete. The Real Estate Center has more on […]
Local Attractions Open for Business
Whether you are looking for family-friendly activities for the kiddos (and adults) to enjoy on summer break, or hoping to pick a perfect daytime date activity, we’ve got you covered. These Dallas favorites are open or coming soon, and they’re ready for business! The Dallas Arboretum and Botanical GardenThis outdoor…
Three Things to Understand About Unemployment Statistics
Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to […]
Rastegar picks up Oakview Terrace, Mueller Square Apartments
AUSTIN – Rastegar Property Co. has acquired two area multifamily properties. The 70-unit Oakview Terrace Apartments at 1714 Patton Ln. was built in 1972. It features studio and one-, two-, and three-bedroom floor plans. Rents range from $985 to $1,725 per month. The nearby 58-unit Mueller Square Apartments at 5005 Manor Rd. has one- and two bedroom units […]
159K-sf Woodlake Crossing trades hands
SAN ANTONIO – Dallas-based Elm Creek Real Estate has purchased Woodlake Crossing, a 159,703 sf retail center at 6212 Woodglen Dr. Major tenants include Ross and Petco. CBRE represented the seller, InvenTrust Properties. Get more San Antonio-area retail news on the Real Estate Center’s website: San Antonio-area retail news Texas Quarterly Commercial Report Source: CBRE
QFC Industries inks 27K-sf industrial lease at Forum 303 Crossing
ARLINGTON – QFC Industries has signed a 26,250-sf industrial lease at Forum 303 Crossing. The company will occupy space at the 172,623-sf Building A at 3201 E. Arkansas Ln. NAI Robert Lynn represented the tenant. CBRE represented the landlord. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: REBusiness Online
208-acre Colony Park development moves forward
AUSTIN – Catellus Development Corp. is developing Colony Park, a 208-acre mixed-use project near Decker and Loyola Lanes. The development calls for 960,000 sf of commercial space and 3,031 housing units. It will be the largest redevelopment of city-owned land since Mueller. Get more Austin-area news on the Real Estate Center’s website: Austin mixed-use news Texas […]