Dallas/Fort Worth

Companies are seeking competitive space and boost recruiting while exemplifying company culture, for example, Trinity REIS's lease signing at Proof indicates continued demand for creative office space in Fort Worth.

Renters have more reasons to leave the nation's urban cores and head to the suburbs; specifically, Dallas residents relocated to smaller nearby cities such as Richardson, Arlington, Irving and Plano.

Cold Summit Development recently launched its first project, a 343,000-square-foot multi-tenant cold storage facility, a $60 million project located at 2800 Cedardale Rd. in Dallas.

The joint venture acquires 10 last mile properties totaling 896,205 square feet in Denver, West Palm Beach, Charlotte, San Antonio, and Fort Worth.

Aerospace manufacturer Bell Textron recently signed a long-term 109,187-square-foot lease for the entire four-story building at 4151 Amon Carter Blvd. that formerly housed the American Airlines Federal Credit Union.

While year-to-date deal activity across all the top markets diminished amid the COVID-19 crisis, Dallas simply dropped less than other heavyweight markets such as Manhattan and Los Angeles.

Student housing developer Panteras Development Partners and owner-operator Miyama USA Texas entered into a long-term ground lease with Texas Wesleyan University to launch a new project, The Rosedale.

Fort Capital recently closed the sale of an 18-building light industrial portfolio totaling 606,889 square feet across DFW and will continue to focus on class-B multi-tenant light industrial assets in core markets in Texas.