PLANO, TEXAS — The Dallas Stars are planning to open a new hockey arena and mixed-use entertainment district at The Shops at Willow Bend in Plano. The team announced on June 2 that it had signed a nonbinding letter of intent (LOI), inclusive of design and construction plans for the arena and surrounding district, which could include sports-themed retail, restaurant and entertainment uses, as well as public gathering and event spaces. The announcement comes roughly 24 hours after the NBA’s Dallas Mavericks similarly unveiled plans to move on from American Airlines Center, the downtown venue that is currently the home of both franchises, via an agreement to purchase 100-plus acres at the site of the former Valley View Mall on the city’s north side. Both teams’ leases at American Airlines Center expire in 2031. According to Sports Business Journal (SBJ), total development costs for the Stars’ arena and sports entertainment district are pegged at approximately $1 billion, with the City of Plano expected to contribute about 70 percent ($700 million) toward financing of the project. And according to the Plano Star Courier, the City would then own both the arena and the site and enter into a 30-year lease with …
THE WOODLANDS, TEXAS — SurePoint Development, a San Antonio-based self-storage owner-operator, has broken ground on an 861-unit facility in The Woodlands, about 30 miles north of Houston. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature 90,000 net rentable square feet of climate-controlled space. ExtraSpace Storage will manage the facility, which will be SurePoint’s 10th in the Houston area and is expected to be complete in spring 2027.
DALLAS — Premier PV, a provider of solar photovoltaic products and services, has signed a 265,400-square-foot industrial lease in southwest Dallas. According to LoopNet Inc., the building at 4715 Mountain Creek Parkway was built in 2004, renovated last year and features 34.5-foot clear heights and six acres for future expansion or outdoor storage.Canon Shoults, Keaton Brice, Maddy Coffman and John Gorman of Holt Lunsford Commercial represented the landlord, CanTex Capital, in the lease negotiations. Jake Wilson of Site Selection Group represented the tenant.
BALCH SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of Imperial Square, a retail strip center in the eastern Dallas suburb of Balch Springs that was built in 2017. The center comprises seven suites that are leased to a mix of service-oriented retailers. Philip Levy and Jonathan Paredes of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating …
DALLAS — The Dallas Mavericks have entered into options agreements for the potential purchase of 104 acres at the site of the former Valley View Mall on the city’s north side that could become the future home of a new basketball arena and entertainment complex, according to a statement issued by the team on June 1. The team stated that the Valley View site, which has been targeted for years for potential redevelopment by various companies, satisfied “most of the criteria established at the outset of our evaluation process.” According to The Dallas Morning News, the Mavericks’ lease at their current arena, American Airlines Center, expires in July 2031, and the team has set a self-imposed deadline of July 1 of this year to complete the site selection process for a new venue. The paper also reported that the Mavericks want a footprint of at least 50 acres for the new arena and surrounding entertainment district and as of January 2026, had essentially narrowed their decision down to the Valley View site or an unspecified location in downtown Dallas. The Mavericks have played at American Airlines Center since 2001.
FRISCO, TEXAS — HALL Group will develop a 200,000-square-foot office building at its flagship campus in Frisco, located north of Dallas, that is in the midst of a $7 billion redevelopment. Terraces Hall Park will be a 10-story building with wellness-themed amenities, including a fitness center, as well as a 1,300-space parking garage. The Beck Group is the architect and general contractor for the project, construction of which is scheduled to begin this month and to be complete in 2028. HALL Group is simultaneously working with the City of Frisco on a $14 million expansion of Kaleidoscope Park that will deliver additional landscaped areas, an enhanced performance lawn, water features and an outdoor video screen and performance stage.
LUBBOCK, TEXAS — New York City-based Dwight Capital has provided a $27 million HUD-insured loan for a 104-unit multifamily project in the West Texas city of Lubbock. The 10-building project represents Phase II of a larger development known as La Ventana at Canyon West. The unit mix will comprise 54 one-bedroom residences, 46 two-bedroom apartments and four three-bedroom units, all of which will have private balconies/patios. Brandon Baksh and Tommy Ng of Dwight originated the loan through HUD’s 241(a) program on behalf of the borrower, Martin Inderman Development.
BAYTOWN, TEXAS — Eastern Union has arranged a $5.5 million equity investment in Raintree Apartments, a 248-unit multifamily property located in the eastern Houston suburb of Baytown. The property was built on 12 acres in 1985 and offers one-, two- and three-bedroom units with an average size of 819 square feet. Jonah Pinchot of Eastern Union secured the investment on behalf of the owner, Virginia-based Cohen Investment Group. The new equity partner was not disclosed.
By Rives Taylor, principal, global resilience research lead, Gensler Texas is experiencing rapid growth in data center development as part of a broader push to support artificial intelligence (AI) ventures that have transformed digital infrastructure into a magnet for capital. As noted in Gensler’s recent Design Forecast, these assets demand abundant land, power and connectivity, making the region a natural fit for long-term growth in digital and industrial real estate. However, these facilities also require reliable access to significant water resources to support cooling systems that are essential for maintaining uninterrupted operations. As development increases, so do the needs for resources, and Texas lacks a consistent policy requiring operators to report essential metrics such as water use, energy consumption or cooling loads. This lack of transparency limits the ability of policymakers, communities and design professionals to fully understand the environmental impact of one of the state’s fastest-growing industrial sectors. With rising pressure on water supplies and power systems, the need for clearer reporting standards and more forward‑looking design approaches is becoming increasingly urgent. A recent white paper by the Houston Area Research Center (HARC), found that “without modernized planning and policy updates, the state faces a collision between finite water …
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