Fort Worth - The Real Deal

Mansfield gives Hoque Global second chance on $50M development

TRD Staff — Wed, 21 May 2025 20:00:00 +0000

Hoque Global is renegotiating a deal after a missed development deadline. The city of Mansfield, a suburb south of Arlington, is giving Hoque a mulligan after it missed a construction deadline on its proposed $50 million Smith & Elm mixed-use project, the Dallas Business Journal reported. The developer had until Dec. 30 to pour the […]

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Another Majestic exec exits $1B stockyards project

TRD Staff — Tue, 20 May 2025 18:38:26 +0000

Another central figure in the team behind the $1 billion Fort Worth Stockyards redevelopment has exited. Kayla Wilkie, formerly California-based Majestic Realty Company’s director of design and development for lifestyle and hospitality, left the firm last week, the Dallas Business Journal reported. The reason for her exit wasn’t reported. It is the second high-profile exit […]

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Will latest incentives make office-to-resi a reality in Fort Worth?

TRD Staff — Thu, 01 May 2025 15:55:57 +0000

Fort Worth waved two developers ahead on separate conversions of aging office buildings, positioning the city to gain hundreds of new downtown apartments. Chicago-based 3L Real Estate and local developer O-SDA Industries secured a combined $7.35 million in reimbursements from the city’s Tax Increment Finance Zone No. 8. The incentive appears to clear the way […]

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Fort Worth Stockyards developer exits ahead of $1B expansion

TRD Staff — Mon, 28 Apr 2025 18:00:03 +0000

A central figure behind the Fort Worth Stockyards’ modern redevelopment is out as the project moves forward with a $1 billion expansion. Craig Cavileer, the longtime Texas face of California-based Majestic Realty Co.’s Stockyards ventures, has exited the project amid a lawsuit filed by his former employer, the Dallas Business Journal reported. Cavileer, who helped […]

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DJE freezes distributions, hires Fort Worth outfit for restructuring

TRD Staff — Mon, 28 Apr 2025 16:36:27 +0000

Facing mounting investor unrest and the looming foreclosure of one of its marquee properties, San Antonio–based DJE Texas Management Group is bringing in outside help. DJE has hired Fort Worth-based Max Wayman & Associates to assist with winding down its business, according to an April 22 letter sent to investors and reviewed by the San […]

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Chase is latest bank to move offices out of downtown Fort Worth

TRD Staff — Wed, 16 Apr 2025 16:45:45 +0000

JPMorgan Chase will be the anchor tenant of a Fort Worth office building being developed by billionaire John Goff, marking another high-profile exit from the city’s central business district, Bloomberg reported. Goff’s firm, Crescent Real Estate, will start construction this week on a 170,000-square-foot office building that will serve as the next phase of its […]

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ACS lands tax break for $2B Fort Worth data center

TRD Staff — Thu, 10 Apr 2025 18:17:32 +0000

One of the biggest data center projects in Fort Worth is getting the greenlight and a significant tax break. The Fort Worth City Council approved an economic development agreement Tuesday with Madrid-based ACS Group, which plans to build a $2.16 billion, five-building data center campus across 107 acres near Hicks Field Road, the Dallas Business […]

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MBP Capital lists built-to-rent in hot market for asset class

Jess Hardin — Wed, 09 Apr 2025 22:04:00 +0000

A few years into the built-to-rent boom, communities are being traded as investment properties. Cottages at Bell Station, a built-to-rent development in the Fort Worth suburb of Hurst, has hit the market, according to a news release. The seller is Dallas-based syndicator MBP Capital. Northmarq’s Taylor Snoddy, Eric Stockley, Charles Hubbard and Campbell Brooks have […]

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Fort Worth office market posts first net gain since pandemic

TRD Staff — Wed, 09 Apr 2025 19:35:46 +0000

Fort Worth’s office market is showing signs of life after six years of declines. In the first quarter 2025, the metro posted 94,118 square feet of positive net absorption, marking the first time since 2019 that more space was leased than vacated, the Dallas Business Journal reported, citing JLL. The turnaround was driven by Class […]

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ACS Group seeks public subsidies for $2B data center development

TRD Staff — Wed, 02 Apr 2025 17:00:00 +0000

ACS Group is planning a $2.16 billion data center campus in Fort Worth, one of the largest such investments in North Texas to date. The proposed four-building project from the Madrid-based construction company’s American arm, Turner Construction, would span 107 acres near Hicks Field Road and an Oncor power substation, the Dallas Business Journal reported. […]

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