Texas

4715-Mountain-Creek-Parkway-Dallas

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail

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 …

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail
Terraces-Hall-Park-Frisco

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.

FacebookTwitterLinkedinEmail
La-Ventana-at-Canyon-West-Lubbock

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.

FacebookTwitterLinkedinEmail

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.

FacebookTwitterLinkedinEmail
Gensler-Data-Center-Texas

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 …

FacebookTwitterLinkedinEmail

KATY, TEXAS — JLL has negotiated the sale of an 838,446-square-foot industrial facility in the western Houston suburb of Katy. The building, which was constructed in 2024 as a build-to-suit for Builders FirstSource, represents Phase I of a larger development known as Grand Central West. Building features include 40-foot clear heights, 136 dock doors, 20 loading ramps, three drive-in doors, 185-foot truck court depths, 31,065 square feet of office space and parking for 500 cars and 134 trailers. Trent Agnew, Charles Strauss, Lance Young, Clay Anderson and Dawson Hastings of JLL represented the seller, a partnership between Pinpoint Commercial and Senterra, in the transaction. Goldman Sachs purchased the building for an undisclosed price.

FacebookTwitterLinkedinEmail

LONGVIEW, TEXAS — Extended Stay America has opened a 104-room hotel in Longview, about 110 miles east of Dallas. Extended Stay America Select Suites – Longview features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. CenterPoint Hospitality owns the hotel.

FacebookTwitterLinkedinEmail