Dallas/Fort Worth

As young professionals continue a mass exodus from higher cost of living areas, employment opportunities coupled with the absence of state income tax make Texas and Austin the epicenter of this migration.

Tenants requiring 50,000 square feet and larger are looking for space further in advance of lease expiration dates due to constrained supply of class-A inventory within the submarket.

The deal, if finalized, would give C&W a foothold across 20 key U.S. multifamily markets.

Preston Forest Shopping Center has solely belonged to the Mixon family since its inception in 1961 and after three generations, the family decided to sell the shopping center to Stockdale Investment Group.

Dallas has long been a business-friendly location and infrastructure hub in the center of the country, and Texas maintains strong data center incentives with sales tax exemptions available on large builds of more than $200 million.

Some $100 billion was poured into the asset class during the past decade, which has been matched by a technical shift and major influence by cloud platform providers–Amazon, Google and Microsoft.

The number of large-scale retail projects are few and far between, however supply is plentiful for value-added projects, strip center and single-tenant net lease developments with growing tenants.

JAH Realty LP recently acquired a Tom Thumb shadow-anchored community center and office project with plans for renovations and re-merchandising for the 50%-occupied retail building and vacant office portion.