Dallas Ft. Worth's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The market looks to be quite different now than past construction cycles for several reasons, mainly due population gains and uninterrupted, broad-based job growth that totaled 605,857 from 2010 to 2017.
These trend-setting renters, including both singles and couples, were top of mind for a multifamily design in Frisco, TX, and the space reflects the social interaction and local connectivity that is important to this group.
A three-property portfolio and a separate distribution facility near the DFW Airport, along with a manufacturing and distribution asset located in South Dallas, recently sold to Western-focused buyers.
Ranking at number 26, ZIP code 75225 has a $218,669 median income and a $905,100 median home sale price and at number 38, ZIP code 75205 has a median income of $208,614 and a median sale price of $1.059 million.
The lack of quality apartment land sites in the Hurst/Euless/Bedford submarket, coupled with tenant demand to live in a centralized DFW location, creates acquisition and redevelopment opportunities.
Those projects don't have recurring cash flow and tend to be hyper cyclical, so bank lending is usually based on a repayment guaranty from a borrower with lower advance rates than a non-bank lender, Mildren says in this <b>EXCLUSIVE</b>.
With Wilmer continuing to add hundreds of new jobs, there are additional housing needs for the area's workforce, which will be found in Liberty Crossing, along with retail and healthcare amenities.
The WinCo Foods anchor is expected to drive significant shopper traffic, and confirms the strength of this site at the intersection of two key thoroughfares in a densely populated trade area.