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Commercial Real Estate News
Dallas/Ft. Worth
Commercial Real Estate News
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877,000-SF Ashley Furniture Distro Center Breaks Ground in Mesquite
Illinois-based design/build firm FCL Builders last month started construction on Ashley Furniture Industries' new 877,000-square-foot distribution and fulfillment center in Mesquite, TX. Sitting on 358 acres at 4000 E. Scyene Rd., the massive $65...

Zenith Education Closing All but Three College Campuses
Zenith Education Group, which this past summer converted from a for-profit to a nonprofit career education provider, is planning to close 21 of its 24 remaining college campuses. Zenith plans to cease enrolling new students at the affected Altierus...

Self Storage REIT Acquires 1.7 Million-SF Portfolio in South, Midwest
National Storage Affiliates Trust (NYSE: NSAT) has acquired a 27-property self-storage portfolio totaling 12,171 units across Colorado, Georgia, Indiana, Kansas, Louisiana and Texas. NSAT purchased the portfolio totaling 1.7 million square feet for...

Amherst Buys 1,523 Single-Family Rental Properties from Institutional Investor
Amherst Holdings acquired a portfolio of 1,523 single family rental (SFR) properties from an undisclosed institutional owner and operator of the rental properties for $153.4 million or about $100,722 per home. The acquired portfolio consists of rental...

Mohr Capital Sells ESAB Group's World HQ Complex in Suburban Dallas
Roughly three months after selling its 430,188-square-foot speculative development on W. Bardin Rd. in Grand Prairie, TX to GM supplier Flex-N-Gate, Dallas-based real estate investment firm Mohr Capital has completed the sale of a mission-critical facility...

Hunt Southwest Breaks Ground on First of Two 200,000-SF Spec Developments in McKinney
Hunt Southwest Real Estate Development has started construction on the first of two brand new 200,000-square foot-industrial buildings being developed as part of a public-private partnership driven to create new development in the area surrounding McKinney...

$1 Billion Data Center Campus Breaks Ground in Allen
CyrusOne has broken ground on phase one of a new three-building data center campus that could represent a roughly $1 billion investment in north Dallas by the firm. The campus is being developed just north of Cisco's $500 million production data center...

Walker & Dunlop Expands Capital Markets Group in Dallas
Walker & Dunlop (NYSE: WD) bolstered its capital markets platform in Dallas with the addition of real estate finance professional Chris Harris as a senior vice president. In his new role, Harris will oversee structured finance and equity placement...

Ashford Prime Making Progress on Lux Remake of Hotel Portfolio
With one property divestiture in the books and a pair of others in the works, Ashford Hospitality Prime Inc. is moving ahead with its strategy to own solely luxury hotels and resorts. The Dallas-based REIT has reached terms with Marriott to convert...

Lantower Residential Secures Loan for 420-Unit Cortona Community in Suburban Dallas
Lantower Residential obtained a 10-year, fixed-rate loan to refinance existing debt on The Cortona, a 420-unit, multi-housing apartment complex located in the northeast Dallas suburb of Fairview, TX. Completed in 2008 at 325 Murray Farm Dr., The Cortona...

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