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Admiral Capital Group's core-plus investment platform recently acquired two class-A office properties in the Dallas metro area totaling approximately 260,000 square feet: Duke Bridges III and Parkwood Place.
JLL predicts flex space will comprise about a third of the market by 2030, compared to less than 5% today, and this concept can be found in North Texas, where a new co-working tenant inked space.
While the supply of flex workspace centers in Texas grew 12% from 2017 to 2018, more than the national average, the flex cost-per-desk decreased in Austin and Dallas in the first half of 2018.
Hillwood, developer of the 26,000-acre master-planned AllianceTexas development, will build three speculative industrial buildings totaling almost 1.5 million square feet at Alliance Northport and Westport.
Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.
Merriman Anderson/Architects took part in restoring 26 historic buildings in DFW, including The Statler, 1401 Elm, Old Dallas High School, Tower Petroleum Building, Butler Brothers Building and the Sinclair Building.
WeWork is leasing 77,000 square feet at the Towers at Williams Square on three floors in the central tower, which will be the shared workspace provider's first site in a suburban market in North Texas.
Commercial Cafe's study on workplace layouts found that 56% of Texans prefer private offices, with home offices in second place with 16% of the vote and co-working in third place at 9%.
The newest phase of a 324-acre mixed-use project, The Realm at Castle Hills, features 80 condominiums that will begin pre-selling this month in an effort to plug the housing void in the DFW metro area.
Comerica Bank Tower closed out the year with a total aggregate of 28,499 rentable square feet due in part to a capital improvements program that was undertaken by M-M Properties and TriGate Capital.