Dallas/Fort Worth

The DFW market is still stable in the New Year as buyers are looking to acquire properties and owners are still selling, with one example being Fox Creek's ownership planning to increase rents to market norms.

Comerica Bank, based in Dallas, and Colony Credit Real Estate, which is located in Los Angeles, are providing the construction financing for the Jefferson Vista Canyon development.

The Station will feature approximately 400,000 square feet of commercial and retail space, more than 600 apartment homes as well as more than 250 single-family homes that are to be built by Ashton Woods and K. Hovnanian Homes.

Varidesk purchased the 424,000-square-foot three-story class-A former Zales headquarters with plans to rebrand the office concept for summer 2019 as Varispace Las Colinas located at 901 W. Walnut Hill Ln.

Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.

Back in June 2018, in another Texas multifamily purchase, the Praedium Group acquired the 260-unit Discovery at Mandolin Apartments in Houston, TX.

The rapid growth in the metro has resulted in new retail, restaurants and entertainment options opening to serve the influx of new residents, fueling investor demand and opportunities in Fort Worth.

In this <b>EXCLUSIVE</b>, Steve Van of Prism Hotels &amp; Resorts says the earlier a hotel project is in the development cycle from land acquisition to stabilized hotel sale, the greater the risk it will be impacted by a recession.