LAS VEGAS — For the third consecutive year, Dallas-Fort Worth (DFW) has secured the top spot as the U.S. market with the best overall real estate prospects. That’s according to the Emerging Trends in Real Estate 2027 report, which is jointly produced every year by the Urban Land Institute (ULI) and accounting firm PwC. After finishing third and fifth in the 2025 and 2026 rankings, respectively, Houston has more or less maintained the status quo, claiming the No. 6 ranking in the 2027 report. Austin, meanwhile, continued to slip in the rankings, ostensibly due to the market’s ongoing struggles to catch up to recent building booms in the industrial and multifamily sectors. The state capital’s real estate prospects ranked 21st on this year’s list, marking the third consecutive year in which the market has failed to crack the Top 10. In explaining the top ranking, ULI and PwC immediately pointed to the Texas Stock Exchange (TXSE), which launched in downtown Dallas earlier this year and has been credited with fueling the growth of a major new vertical within the local economy: financial services. The report identified two nameless financial institutions — known within the real estate community to be Goldman …
NORTHLAKE, TEXAS — Newmark has provided a $53.9 million Fannie Mae acquisition loan for Dry Creek Ranch, a 456-unit multifamily property in Northlake, located north of the metroplex in Denton County. Built on 29 acres between 2014 and 2017, Dry Creek Ranch features one-, two- and three-bedroom units and amenities such as multiple pools, a fitness center, clubhouse, business center, basketball court and a car wash station. Adam Randall, John Westby-Gibson and Drake Blodgett of Newmark originated the five-year, fixed-rate loan on behalf of the buyer, Denver-based Bow River Capital. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Vosburg of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Western Securities, in the transaction and procured Bow River as the buyer.
HUTCHINS, TEXAS — Cushman & Wakefield has brokered the sale of Wintergreen Distribution Center, a 754,822-square-foot industrial building in Hutchins, a southern suburb of Dallas. Wintergreen Distribution Center was built on 42.7 acres in 2018 and features a cross-dock configuration, 36-foot clear heights, 164 loading doors, an ESFR sprinkler system and parking for 303 cars and 205 trailers. Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, Boston-based Cabot Properties, in the transaction. The buyer and sales price were not disclosed.
AZLE, TEXAS — Marcus & Millichap has arranged the sale of KO Storage, a 359-unit self-storage facility in Azle, a northwestern suburb of Fort Worth. Built on 5.3 acres in 2016, KO Storage spans 65,725 net rentable square feet across 10 single-story buildings, inclusive of traditional drive-up units and enclosed parking spaces. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller in the transaction procured the buyer.
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Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground
After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that …
EL PASO, TEXAS — Provident Industrial, a subsidiary of Dallas-based development and investment firm Provident, has completed a 497,280-square-foot industrial project in El Paso. The project represents the fourth and final phase of Gateway Logistics Park and consists of three rear-load buildings. Buildings 4 and 5 each span 147,420 square feet and have a shared 205-foot truck court. Building 6 totals 202,440 square feet and has a 130-foot truck court and 44 trailer parking stalls. Construction of Phase IV began in spring 2025. Now fully built out, Gateway Logistics Park comprises six buildings totaling roughly 1.4 million square feet.
HOUSTON — LaSalle Investment Management has acquired an equity stake in CityWest, a four-building, 1.5 million-square-foot office campus in West Houston. The percentage was not disclosed. CityWest was purpose-built for BMC Software as a 39-acre corporate headquarters campus near the intersection of I-10 and Beltway 8 and was 98 percent leased at the time of the recapitalization. The property offers amenities such as a recently renovated fitness center, basketball court, multiple dining venues and outdoor gathering areas. LaSalle acquired the stake a joint venture with investment firm 3Edgewood.
KELLER, TEXAS — Lee & Associates has brokered the sale of a 22,000-square-foot industrial building in Keller, a northern suburb of Fort Worth. The two-building complex is located at 5758-5750 Park Vista Circle and includes office space. Jeremy Mojica of Lee & Associates represented the undisclosed seller in the transaction. The buyer was Sail Holdings.
PLANO, TEXAS — Local brokerage firm STRIVE has arranged the sale of a small-bay industrial property in Plano. According to LoopNet Inc., the building at 4400 Tradition Trail was completed in 2022 and features 24-foot clear heights. Bryan Meyer of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
DALLAS — With all due respect to junior anchors, small-shop merchandisers and other inline tenants, it’s the users with the single biggest and smallest physical footprints that are fueling much of the growth within Dallas-Fort Worth’s (DFW) retail development landscape. Anchors — specifically grocers — and pad users —particularly national companies — are the elements of new shopping center development that perhaps deserve outsized shares of credit in making new projects pencil. And at the annual InterFace DFW & North Texas Retail & Mixed-Use conference that took place on Sept. 15 at the Hilton Park Cities hotel, separate panels — one of actual owners and the other of brokers — spoke to this trend within the local development market. It’s a narrative that’s fairly easily understood. Grocers represent inelastic consumer demand; pad users represent credit tenancy. Developing new centers without both of those elements is risky. Retail investors have and always will love grocery-anchored retail deals, which are bolstered by the metroplex’s steady population growth. And in these times of high construction costs and rising interest rates, developers have gained extra appreciation for pad sites as pieces of lucrative projects that can be split off and sold or developed as …
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