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While the energy sector slowdown of 2014/2015, and relocations by XTO to Houston and DR Horton to Arlington were headline stories, downtown has weathered the perceived storms, JLL observes.
The Alliance submarket remains a top industrial submarket and recent acquisitions bear that out, such as Transwestern Investment Group's recent acquisition of a 1.2 million-square-foot industrial property.
SkyWalker Property Partners closed on its largest acquisition to date when its value-add fund, When Opportunity Knocks, acquired a 227,891-square-foot office building with clear visibility on LBJ Freeway.
Admiral Capital Group's core-plus investment platform recently acquired two class-A office properties in the Dallas metro area totaling approximately 260,000 square feet: Duke Bridges III and Parkwood Place.
JLL predicts flex space will comprise about a third of the market by 2030, compared to less than 5% today, and this concept can be found in North Texas, where a new co-working tenant inked space.
While the supply of flex workspace centers in Texas grew 12% from 2017 to 2018, more than the national average, the flex cost-per-desk decreased in Austin and Dallas in the first half of 2018.
Hillwood, developer of the 26,000-acre master-planned AllianceTexas development, will build three speculative industrial buildings totaling almost 1.5 million square feet at Alliance Northport and Westport.
Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.