Dallas Ft. Worth's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The city's first JW Marriott, a 283-key hotel, will be located in downtown at 2000 Ross Ave. upon opening in February 2022, according to developer Sam Moon Group.
Ashlar Development creates a style of living for a diverse resident mix and amenities such as The Hideaway at Wildridge are part of the strategic approach, chosen for the community based on resident feedback.
Reserve Capital Partners recently acquired Two Colinas Crossing located at 11511 Luna Rd., home to major corporate tenants such as IBM, S&P Global, BBVA and Home Point Financial.
With the acquisition of Courtyards at Mustang, Conti Organization now owns 29 properties, representing more than 8,300 apartment units in the Dallas-Fort Worth area.
The goal for the hotel's renovation was to energize the interior spaces to represent Westin's Wellness brand, the airport location and its Texas roots, and it feeds off the positive energy of the nearby airport.
One 18,000-square-foot training facility in Grand Prairie will house two flight simulators, the first Level D full-motion flight simulators in North America for Airbus H145 and H175 helicopters.
Dallas is ranked seventh among the 30 largest US cities, based on the share of high-rise apartment buildings built in the last decade; between 2010 and 2018, 14% of new apartment complexes were high rise.
The purchase of Park Center fits with Innovatus' strategy to invest in strong growth markets across the United States, and further bolsters its footprint in Plano/DFW, a high demand and growing market.
In Dallas, a 626-square-foot apartment can be had for $1,500 this year, which is 255 square feet less than in 2014 (at 881 square feet), making it the most affordable US city for renters.
Bent Tree Tower II sits in a high-growth portion of the lower Tollway that is experiencing what is considered a compression migration, where tenants are being out-priced or compressed out of current submarkets.