Dallas/Fort Worth

Strong economic growth of 109,000 jobs added for the year ending October 2018 has increased overall demand for rental housing, much of which has been satisfied by new supply of high-priced units.

A healthy supply and demand balance is evident in DFW industrial with vacancy creeping higher, most notably in the North Fort Worth/Alliance submarket which is pulling interest from developers and tenants, especially for big box.

The largest unanchored shopping center in North Texas was recently acquired by property investment firm, RPD Catalyst, from ASG Realty.

The Cooper contributes to that effort by adding another choice of residential living that is within a block of jobs, services, entertainment, and multiple food and beverage venues.

Nearly 46 acres on an in-fill industrial central site on the south side of Kearney Street west of Highway 352 with solid and diverse economics along with a large workforce was attractive to Dalfen Industrial.

The live-work-play environment, the Realm, will include 1.5 million square feet of multifamily, retail, office, restaurant and entertainment space, along with an extensive outdoor entertainment area.

The trade area for Roanoke Village features developments Circle T Ranch and Alliance as well as Facebook's new $1 billion data center and TD Ameritrade's Corporate Campus, which drive high daytime population counts.

Nelson Knight, EVP and chief investment officer of Apple Hospitality, says, “Through these attractively priced transactions, we adjusted our market exposure in ways that we feel will further enhance the strength and stability of our hospitality platform.”