Dallas/Fort Worth

The New York City-based firm that specializes in corporate sale-leasebacks, built to suits and purchases of single-tenant net lease properties, reports today that it has made approximately $119 million in new acquisitions/investments.

The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.

The two firms sold the Solis Waverly, a 375-unit luxury multifamily property to Dallas-based Lan Properties/Lantower Residential for $84.4 million. They also traded the 194-unit Solis Ballantyne for $44.2 million to Continental Realty Corporation of Baltimore.

Sandra Parét, senior vice president for AECOM, recently discussed the changing office workplace and how it is evolving to meet the needs of users in this <b>EXCLUSIVE</b>.

New DFW multifamily projects are taking a long time to stabilize, using 90% occupancy as the benchmark, and some properties that delivered in 2016 or early 2017 are still working on initial lease-ups.

DFW ranked in the top five for US population growth in 2017 and the metro area has a significantly higher percentage of its population in the 25 to 44 age cohort, a prime home buying demographic.

The two-story 65,000-square-foot building will be anchored by Spine Team Texas, one of the largest spine specialist practices in the metroplex, as well as a variety of clinics for Texas Health Resources.

Millennials prefer living in locations close to restaurants and entertainment rather than having large kitchens or living rooms for entertaining, and also make living choices motivated by price.