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​​​FORT WORTH – Toronto-based PIRET purchased 35|820 @ Mercantile Center, a 657,043-sf, Class A industrial building, from Hunt Southwest.

Completed in August 2017, the building features a 36-ft clear height, deep truck court, 152 overhead dock doors, four drive-in doors, and a low office finish. 

It is on 34.5 acres at 4800 North Sylvania Ave. (north side of the building) and 2601 Quorum Dr. (south side of the building) in the Meacham/Fossil Industrial submarket.

​Check out​ Dallas-Fort Worth-Arlington Industrial Market Research​.

​​​​​FORT WORTH – Corinth Land Co. and Dallas-based Prattco Creekway Industrial have acquired three buildings in the I-20 West Business Park near the Walsh Ranch development.

The 77,640-sf business park has five tenants and is 94 percent occupied.

​​​​​FORT WORTH – SPI Advisory purchased Monticello Oaks Townhomes near downtown​ from Venterra Realty.

The three-story, 63-townhome complex is on more than three acres at 150 Boland St. in the Cultural District.

SAN ANTONIO – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.

The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened in 2010 and cost over $600 million to build.

It includes two golf courses, spa, nine-acre water park, high-end restaurants, and nearly 270,000 sf of convention space.

In 2016, the hotel finished a $16 million expansion to its waterpark and meeting and event space. It finished an additional $500,000 worth of renovations in early 2018.

Blackstone borrowed $405 million to finance the transaction.​

​​​​​​​DALLAS – Stackpath has expanded its 27,430-sf lease in the McKinney & Olive building by 17,263 sf.

The lease brings the 530,000-sf mixed-use building in Uptown to full occupancy.

​Check out Dallas-Fort Worth-Arlington Office Market Research.

​​​​​​​DESOTO – Franklin Cos. has sold Franklin Park of Desoto, a 240-unit, fully age-restricted property at 431 W. Wintergreen Rd.

The complex encompasses 31 buildings across more than 22 acres. It is roughly 13 miles south of central Dallas.

​​​​​​​SPRING – Trammell Crow Residential and Prime Property Investors have sold the 346-unit Alexan Auburn Lakes to Fort Worth-based Olympus Property.

The Class A apartment complex at 6000 W. Rayford Rd. offers one-, two-, and three-bedroom units.

​Check ​out Houston-The Woodlands-Sugar Land Multifamily Market Research.

​​​​​​ALLEN – McCarthy Building Cos. Inc. has broken ground on the Collin College Technical Campus.

The building will be on 31.8 acres on the north side of Ridgeview Dr. near Alma Rd. It will include a 177,646-sf building for trade studies and a 151,000-sf academic building.

With Collin County expected to add 300,000 new jobs by 2040, the curriculum will target trade vocations.

Additional features will include a 23,700-sf conference building, a 42,000-sf classroom to be shared with the Allen Independent School District, and a 600-space underground parking garage.

The campus is expected to serve more than 4,000 students.​

Completion is slated for summer 2020.

​​​​​​​​HOUSTON – Triple Crown Investments has begun work on Southside Commons, an 80,000-sf redevelopment project at 4191 Bellaire Blvd. near West University Place.​ ​

The developer will convert the former site of Palace Bowling Lanes into 10,000 sf of retail space, 30,000 sf of entertainment/restaurant space, and 40,000 sf of office and medical office space. 

​Check out Houston-The Woodlands-Sugar Land​ Retail, Office, and Medical Market Research.

​​​​​MIDLAND – Two Class A office properties totaling nearly 600,000 sf have been sold.

The 421,546-sf Fasken Center at 500 W. Texas Ave. was built in phases in 1974 and 1982. 

Frost Bank Tower is a 12-story, 177,952-sf building at 508 W. Wall St.​

Colliers International arranged the sale. 

​​​FULSHEAR – GYS Development LLC has purchased 2.5 acres for a three-story self-storage facility. 

Fulshear Bend Self Storage​ near Cinco Ranch Blvd. and FM 1463 will have 105,000 sf of rentable space. 

The property is within the Cross Creek Ranch master-planned community. 

​Check out Houston-The Woodlands-Sugar Land Retail Market Research.

​​​AUSTIN – Transwestern Investment Group has sold Park 96, a 99,000-sf industrial portfolio at 9601 Dessau Rd.​

Constructed in 1999, the portfolio consists of three Class A, shallow-bay distribution buildings. It sits just northeast of the interesection of I-35, US183, and US 290.​

Each 33,000-sf building offers 100-ft rear load with 20-ft clear height. In total, the property features 28 dock doors and five drive-in ramps.

​​​​DALLAS-FORT WORTH​ – Air France is returning to DFW International Airport after a 17-year absence.

The airline plans to launch nonstop service from DFW to Paris’ Charles de Gaulle Airport starting March 31, 2019.

The airline will operate up to five flights per week, using Airbus A330 aircraft.

Air France flew out of DFW for about eight months in 2001, but withdrew the service after the worldwide air travel industry took a dramatic downturn following the Sept. 11, 2001, terrorist attacks.

​​​​MISSION – A 17.9-acre industrial property has been acquired by STAG Industrial Inc.

The 270,084-sf building at 802 Trinity St. serves as a logistics and manufacturing facility. 

It was built in 1998 and previously owned by Colimar Inc.​

​​​​CAMBRIDGE, Mass. – Annual growth in home improvement spending is expected to be widespread across the country's largest metros in 2018, according to a new model developed by the Remodeling Futures Program at the Harvard Joint Center for Housing Studies.

San Antonio-New Braunfels will lead Texas in improvement spending growth, growing an expected 12 percent annually. Dallas-Fort Worth-Arlington will follow closely behind at 11 percent. 

Austin-Round Rock and Houston-The Woodlands​​-Sugar Land will also increase improvement spending, growing 10 percent and 5 percent, respectively.  

According to the model, all 50 metros studied will increase annual improvement spending. 

These projects mirror the national projects for the Remodeling Future's quarterly Leading Indicator of Remodeling Activity, which predicts that national spending will grow by over 7 percent in 2018. 

The model uses two decades of home improvement spending as benchmark data. 

​​​​TYLER – North Dakota-based Lodging Opportunity Fund REIT has added two hotels to its investment portfolio.

The properties are the 125-room Hilton Garden Inn at 220 East Grande Blvd. and the 113-room Homewood Suites by Hilton at 3104 Golden Rd. 

​​​​ARLINGTON – The University of Texas at Arlington has opened two new buildings on the campus' west side.

West Hall is a $46.5 million, 534-bed residence hall. It is the first residence hall to open at UTA since 2012.

The Commons is a $21 million, two-floor, 39,000-sf dining and meeting facility.

​​​​​​AUSTIN – A significant expansion is coming to the far northwest office submarket at Paloma Ridge.

Ascentris LLC is working on a 160,000-sf expansion of a Class A office building at 13620 RR 620.

Once construction wraps up in late 2019, the entire complex will total roughly 371,000 sf across three buildings.

The design includes a high-end fitness center with “spa-quality” locker rooms, a one-mile jogging trail, and outdoor amenity areas.

Rents will likely be around $25 to $29 per sf, before triple-net fees.​

​​SAN ANTONIO – Weston Urban has acquired a 32,000-sf vintage office building at 201 W Commerce St.

Current tenants of the 103-year-old building include VIA Metropolitan Transit, 7-Eleven, and Metro PCS.

Plans include converting 10,000 sf on the second floor into creative office space.

The buyer is also developing the nearby 460,000-sf Frost Tower.​

​​​​​​​​PLANO – Eating Recovery Center has leased all of the 100,000-sf Parkside on Legacy II office building in the Legacy business park.

The three-story office building on Legacy Dr. was developed in 2016.

See also: Dallas-Fort Worth-Arlington Office Market Research​.