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In this <b>EXCLUSIVE</b>, KWA president Brian Webster discussed DFW area job growth, which is leading the charge on increased development, partnerships and the prevalence of senior housing.
San Benito Apartments' rents were 40% below market, and this off-market transaction was made possible due to an offer that included an initial non-refundable earnest money deposit and expedited feasibility period.
The outlook for Dallas' commercial real estate market continues to be overwhelmingly positive as the city emerges as one of the South's premier tech hubs.
Some properties are being sold within two years, and this quick timing was evident with 12 apartment communities that recently sold in North Texas totaling 3,200 units valued at $275 million.
With e-commerce precipitating the need for added industrial space, more development is on the way, with Hillwood building two new spec industrial buildings totaling almost 1.3 million square feet at Alliance.
Nokia signed a lease for 350,000 square feet in two buildings at The Sound at Cypress Waters: 100,000 square feet at 3100 Olympus Blvd. and 250,000 square feet at 3201 Olympus Blvd.
There is a healthy mix of buyer profiles targeting the purchase of shopping centers sized above 50,000 square feet, including institutions, developers and high-net-worth private individuals targeting 7 to 8% caps.