DICKS Sporting Goods is bringing a new 800,000-square-foot distribution center to Fort Worth in a deal that’s expected to add 300 new jobs in the area over 10 years. With plans to serve about 100 stores across the country, the center will be situated on nearly 90 acres in the Risinger/35 Logistics Park, a Hillwood development. Hillwood will kick off construction this fall and is targeting a completion of early 2026.

Lincoln Property Co. to collab with Centennial

Global real estate firm Lincoln Property Co. has announced an investment in Dallas-based retail real estate concern Centennial. The partnership will give Centennial access to capital and resources for national expansion and position Lincoln for new mixed-use development opportunities. The vision is to focus on identifying and rehabilitating underperforming real estate by leveraging Centennial’s history in mall operations and Lincoln’s experience across asset classes.

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Source: D Magazine

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Mixed-use development in east Fort Worth’s Stop Six neighborhood may be on the way at the intersection of East Berry Street and Stalcup Road.

City officials started issuing initial funds for the project Aug. 6. The city is considering awarding a total of about $4.6 million to support development.

The Local Development Corp., which is composed of City Council members, approved the sale and subsequent rebate of two tracts at 5401 E. Berry St. and 5425 E. Berry St. to a pair of developers for $886,551.

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Source: Kera News

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The business and civic leaders holding the keys to the future of the Fort Worth Stockyards plan a large second phase of development, a possible $630 million investment, it was revealed June 11 during a presentation to Fort Worth City Council.

Fort Worth Heritage LLC, a collaboration between Majestic Realty Co. and Hickman Cos. and development partner M2G Ventures, aims to add about 300,000 square feet of commercial space to the area, which sees about 9 million visitors a year. On the way could be new hotels, a multifamily community, two underground garages and improvements to the area including green space and amenities, according to the public presentation.

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Source: Dallas Business Journal

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Dallas County opened a new 12-story parking garage with retail that will serve the government entity on May 1.

It marks a move toward the offensive with the county facilities. Rather than solely fending off repairs, the county has worked to take steps — putting to work its AAA bond rating — to redevelop, renovate and build new spaces.

Beyond more than 1,228 new parking spaces, the county Commissioners Court also ensured future plans for the building could rise an additional 15 floors for uses such as an anticipated hotel to keep up with the Dallas Convention Center expansion.

“That means we had enough insight to understand the value this is going to bring to Dallas County taxpayers,” said Commissioner John Wiley Price during a ribbon-cutting ceremony.

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Source: The Dallas Morning News

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Dallas-Fort Worth is the most attractive market in the United States for investment, according to real estate company CBRE in its 2024 U.S. Investor Intentions Survey.

Miami-South Florida, Raleigh-Durham, Atlanta, Nashville, Charlotte, New York City, Phoenix, Tampa, and Austin rounded out the rest of the top 10.

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Source: The Texas

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Investor optimism is heartier in 2024, though it does come with hesitations.

In a U.S. Investor Intentions Survey from CBRE Research released during the first quarter, results show investors’ biggest concerns involve higher-for-longer interest rates, tighter credit availability and loan terms, and differing buyer and seller expectations.

So far this year, interest rates haven’t budged, exacerbating tighter credit availability and loan terms.

But Dallas-Fort Worth continues to be a bright spot for investors. Survey results showed the region was the strongest-performing market in the country for total property returns.

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Source: The Dallas Morning News

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GOBankingRates spoke with Kurt Carlton, president and co-founder of New Western, a private source of residential investment properties, to get his predictions for the markets that will be huge for real estate investing in 2024.

Atlanta; Charlotte, North Carolina; Tampa, Florida; and Dallas-Fort Worth

Carlton believes that a number of the recent top markets will continue to be hot leading into 2024.

“Top markets for investors that we have seen emerge over the last few months include Atlanta, Charlotte, Tampa and Dallas-Fort Worth,” he said. “In Q3, Realtor.com released the top 10 growing metropolitan areas that people are looking to move to, also highlighting Atlanta, Dallas, Tampa and Charlotte.”

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Source: yahoo!finance

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The global real estate market is now valued at $3976.18 billion. It’s expected to grow to $5209.84 billion in 2027. With this growth comes increased competition, making ideal opportunities for U.S. real estate investment much harder to come by.

As we navigate today’s economic currents, it has become increasingly vital to identify areas known for stability and substantial return potential. In this guide, we list down the top five states that offer both simultaneously.

These states have earned their place on our list for their excellent performance in various market aspects, such as growth, demand, affordability, and economic resilience. Each one presents a unique investment proposition, from burgeoning tech hubs to enthralling scenery ripe for development.

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Source: BENZINGA

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Real estate is an investment, even if it’s not a commercial property but rather a residential one. That’s why it’s so important to think about not just when and what you’re buying, but the location.

After all, where you purchase a home could greatly influence the property’s ability to appreciate over time. Plus, if you’re like most people, you’re going to want a place with great weather, schools, job opportunities and, of course, decent tax breaks. You may also be looking for a place with a social and political climate that matches your own values and beliefs.

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Source: GO Banking Rates

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