Dallas Real Estate News - The Real Deal

Dallas lines up $1B bridge loan for convention center redo

TRD Staff — Thu, 22 May 2025 18:17:09 +0000

Dallas’ bid to stay in the big leagues of convention destinations could start with a massive bridge loan. The city is seeking $1 billion from JPMorgan Chase to keep its massive convention center redevelopment on track ahead of the 2026 World Cup, the Dallas Business Journal reported. City officials and Inspire Dallas, the group leading […]

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$70M pro soccer complex to open door to development in Garland

TRD Staff — Wed, 21 May 2025 22:37:09 +0000

A suburb northeast of Dallas may soon be home to a pro soccer field. Garland is considering a $70 million public investment in a soccer complex, the Dallas Business Journal reported. Officials aim to lure a United Soccer League franchise while opening the door for long-term mixed-use development. Plans for the complex call for up […]

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Benefit Street takes to LinkedIn to sell distressed apartments

Jess Hardin — Wed, 21 May 2025 19:30:00 +0000

Benefit Street Partners is taking a different tack to offload a suburban Dallas apartment complex it’s planning to foreclose on. Benefit Street’s Head of Commercial Michael Comparato took to LinkedIn to scrounge up a buyer for the Avenues at Carrollton, a 268-unit apartment complex scheduled to be sold at a foreclosure auction June 3. Comparato […]

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De La Vega deepens Dallas holdings with prominent retail center

TRD Staff — Tue, 20 May 2025 16:43:31 +0000

De La Vega Capital is giving an aging Oak Lawn retail center a second act. The Dallas-based development firm led by Artemio De La Vega acquired Turtle Creek Village with mixed-use redevelopment plans, the Dallas Business Journal reported. De La Vega, the developer behind the $2.5 billion East Dallas project The Central, closed on the […]

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Greyhound move unlocks Washburne’s downtown development site

TRD Staff — Mon, 19 May 2025 20:32:02 +0000

Another domino in the revitalization of downtown Dallas is soon to tumble. The Greyhound station downtown will close in late September, setting a firm timeline for Ray Washburne to begin redeveloping the high-profile site, the Dallas Business Journal reported. Flix North America, which owns Greyhound, will open its new terminal along Harry Hines Boulevard near […]

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Car-loving Dallas diminishes parking requirements

TRD Staff — Fri, 16 May 2025 17:02:06 +0000

A sweeping reform to Dallas’ 60-year-old parking code eliminates parking minimums for many developments and aims to reduce barriers to entry for businesses, promote walkability and tighten up land use. The City Council approved the parking reform in a 14-1 vote Wednesday, the Dallas Business Journal reported. It removes minimum requirements for properties near transit-oriented […]

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Limits on “traveling” affordable tax credits await governor’s OK

Jess Hardin — Thu, 15 May 2025 22:00:00 +0000

A proposal aimed at reforming “traveling” housing finance corporations could set off a wave of multifamily distress in big Texas cities. Lawmakers are trying to close a loophole that gives multifamily investors property tax exemptions in big cities when they partner with housing finance corporations in far-flung small towns. An amendment to House Bill 21, […]

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Dallas suburb crowned America’s fastest-growing city

TRD Staff — Thu, 15 May 2025 21:30:04 +0000

A town northeast of Dallas has become the fastest-growing city in the United States. The Collin County town of Princeton grew by more than 30 percent from July 2023 to July 2024, bringing its population to just over 37,000 — more than double what it was at the start of the decade, the Texas Tribune […]

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Move over, Preston Hollow: $16M Plano estate sets price record

Judah Duke — Thu, 15 May 2025 19:34:41 +0000

A Dallas millionaire who made his fortune in the early days of e-commerce sold his suburban home in a record-breaking deal, the latest signal of affluence migrating north of the city. Woot.com founder Matt Rutledge’s sprawling estate in Plano sold for $15.9 million, or $1,289 per square foot, in what brokers say is the highest-priced […]

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Skywalker strikes again with North Dallas office buy

TRD Staff — Wed, 14 May 2025 17:59:41 +0000

Skywalker Property Partners has re-entered the office market with an office building purchase in North Dallas. The Dallas-based firm bought The Crossings, a 233,000-square-foot office building at 5429 Lyndon B. Johnson Freeway, marking the firm’s first office acquisition in seven years, Bisnow reported. The 10-story building near Galleria Dallas was 94 percent leased at the […]

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