Dallas/Fort Worth

A robust 2019 construction pipeline doesn't negate the fact that lending is getting more restrained in these latter days of the upturn. We took the opportunity to speak with Mike Jaynes to gain insight into his 2019 outlook for construction financing.

The two-building 882,565-square-foot distribution center was chosen for its prime location in the midst of key logistics/distribution infrastructure, located 1 mile west of I-35, adjacent to Ft. Worth Alliance Airport.

The buyer, Pacific Life, saw a competitive advantage for Jefferson LasCo, which overlooks the Campion Trail and is located near the Toyota Music Factory, the Las Colinas DART rail station and Lake Carolyn.

The community places a focus on wellness with a bike share station, designated refrigerated area for fresh and frozen food delivery, safe and accessible street infrastructure and accessible outdoor living spaces.

This summer work will commence on phase one that will involve an approximate 9,000-square-foot freestanding building for Kiddie Academy and a nearly 4,500-square-foot single-tenant building, which is available for lease.

Strong economic growth of 109,000 jobs added for the year ending October 2018 has increased overall demand for rental housing, much of which has been satisfied by new supply of high-priced units.

A healthy supply and demand balance is evident in DFW industrial with vacancy creeping higher, most notably in the North Fort Worth/Alliance submarket which is pulling interest from developers and tenants, especially for big box.

The largest unanchored shopping center in North Texas was recently acquired by property investment firm, RPD Catalyst, from ASG Realty.