The owner of Dallas' Major League Soccer franchise is teaming up with two development companies to build a sports and entertainment district in Frisco.
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Hunt Sports Development will partner with Peak Curated Development and Venu Holding Corp. to build a mixed-use district on the east side of Toyota Stadium and Soccer Center in Frisco. The project will feature a boutique hotel, restaurants and a convention center next to the home of the FC Dallas soccer club.
The mixed-use district will complement the more than 1M SF office complex planned for the west side of the stadium.
“Toyota Stadium has long served as the anchor for this campus,” FC Dallas President Dan Hunt said in a statement. “Adding hospitality, dining and live entertainment will build on that foundation and continue to make this one of North Texas’ most active year-round destinations.”
The partnership plans to break ground on the mixed-use district next year.
The first phase will include construction of an approximately 290-room hotel and more than 40K SF of convention, meeting and event space.
The district’s convention and event center will offer more than 25K SF of dedicated meeting space, including a ballroom, with the flexibility to be converted into a 3,000-person music hall.
SALES
The Bascom Group acquired the 370-unit Jasmine Apartments on Esperanza Road in North Dallas. The 1980-built multifamily community was foreclosed on in 2025 by the lender and was marketed by Taylor Snoddy and Eric Stockley of Northmarq.
More Capital provided the debt financing for the acquisition, which was arranged by Northmarq’s Joe Giordani, Scott Botsford, Brendan Golding and Alvin Cao. RPM Living will be the property manager, and SD-Cap will be the construction manager. The Bascom Group’s James D'Argenio and Chang Liu sourced and managed the acquisition for the company.
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Lincoln Property Co. and PGIM purchased two outpatient medical buildings totaling 103K SF in separate transactions. Collectively, the properties in Addison and Denton were 84% leased at the time of the transactions to a tenant roster that includes Texas Health Resources and Methodist Health System.
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Speed Bay Warehouse Solutions acquired three shallow bay industrial properties totaling nearly 596K SF in DFW and Orlando, Florida. The DFW asset is the 81K SF Garden Brook portfolio in Farmers Branch. The two-building portfolio was built in 1972.
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Two investors acquired 102 acres in Pilot Point from Gene McCutchin Ltd. III for a mixed-use development. Midas Investments acquired 53 of the acres, while GC Land Partners purchased the remaining 49 acres at the southeast corner of FM 1385 and G.A. Moore Parkway.
Younger Partners’ Ben McCutchin represented the seller. Rex Real Estate’s Caleb Lavey and Rex Glendenning represented the buyers.
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Texas-based real estate investment and development firm PlaceMKR purchased a five-property, long-term triple-net-leased retail portfolio anchored by At Home furnishing stores for $31.9M. The portfolio includes the At Home at 2650 W. Interstate 20 in Grand Prairie, two other Texas locations, and stores in Mississippi and Ohio. PlaceMKR acquired the portfolio from LCN Capital Partners in a deal brokered by Bryn Feller and Josh Dicker of Northmarq.
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Hornet Real Estate purchased three light industrial buildings totaling 158K SF in Houston and Richardson. The Richardson asset is the nearly 37K SF Park North property at 1201-1241 N. Glenville Drive. Hornet’s Scott Birne led the firm’s deal team, while JLL’s Jack Britton secured nonrecourse bank financing for each acquisition.
The transactions were facilitated by William Carpenter with KBC Advisors; Campbell Anderson with DuWest; and John Anderson, George Tanghongs and Jeremy Mojica with Lee & Associates Dallas/Fort Worth. Hornet has already started value-add business plans, including roof replacements, interior renovations and vacant unit lease-up.
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An affiliate of Equus Capital Partners Ltd. bought the nearly 421K SF Inland Logistics Center in Wilmer. Delivered in 2024, the Class-A cross-dock distribution facility was 100% leased at the time of the deal.
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Rosewood Property Co. acquired full ownership of a two-building industrial asset at 3700 and 3712 E. Plano Parkway in Plano. Rosewood bought out its partner, Pillar Commercial, after the two companies acquired the property in late 2024. Terms of the deal weren’t disclosed.
The nearly 201K SF property was 100% occupied at the time of the deal. State Farm Life Insurance Co. was Rosewood’s lender in the acquisition. JLL’s John Bauman arranged the financing on Rosewood’s behalf.
CONSTRUCTION AND DEVELOPMENT
The Wentwood Fields West multifamily community in Frisco is now leasing. Developed by Columbus Realty Partners, the first phase of units at The Wentwood are expected to be ready to be occupied in January.
FINANCING
Newmark arranged $53.9M in financing for Bow River Capital’s acquisition of the 456-unit Dry Creek Ranch multifamily community in Northlake from Western Securities. Newmark’s Adam Randall, John Westby-Gibson and Drake Blodgett arranged the five-year, fixed-rate, full-term interest-only Fannie Mae loan on behalf of the buyer.
Bow River Capital acquired Dry Creek Ranch through its BRC Multi-Family Dislocation Fund. The company plans to continue investing in the community through selective amenity, common-area and interior upgrades.
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JLL Capital Markets arranged refinancing for the Supreme Golf Building and Sawyer Grocery, a two-building mixed-use portfolio with 37 residential units and 36K SF of ground-floor retail in Fort Worth. JLL worked on behalf of the borrower, Magnolia Equity Partners, to secure the five-year, fixed-rate, nonrecourse loan with full-term interest-only payments through a life insurance company.
Built in 1913 and renovated in 2018, Supreme Golf Building was 100% occupied at the time of the deal. Sawyer Grocery was built in 1918 and renovated in 2018. It was 97% occupied. JLL Capital Markets’ Kevin Barron and Will Mogk represented the borrower.
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Walker & Dunlop closed around $30M in low-income housing tax credit equity as part of KCG Cos.' $78.4M Avanti Hills affordable senior housing community under development in Mesquite. The 4% LIHTC development is supported by tax-exempt bond financing through Mesquite Housing Finance Corp., with Walker & Dunlop Affordable Housing Equity participating as the equity partner. Citi Community Capital and Bank of America are also participating as the debt partners.
PEOPLE
CenterPoint Commercial Cos. recruited Ari Raskas and Matthew Sheard to spearhead the launch of CenterPoint Commercial Capital, a new capital markets division based in Dallas and focused on commercial real estate debt and equity placement nationwide.
Sheard brings more than a decade of commercial real estate experience and previously worked at Marcus & Millichap Capital Corp. Raskas founded the Dallas-based ARZ Realty Capital and has experience sourcing and structuring commercial real estate financing across asset classes and transaction types.
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DLR Group added Bill Persefield as principal and healthcare leader to develop the firm’s healthcare presence in Texas and the surrounding region. Persefield brings nearly 50 years of experience leading healthcare planning, design and development. Based in Dallas, Persefield will lead healthcare planning, design and development efforts.
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JLL announced that Paul Walters will take on a dual leadership role for the firm's project and development services business as senior managing director, PDS South Central and U.S. manufacturing. Walters will serve as national lead for JLL's industrial and manufacturing sector while also leading PDS operations across all sectors in the south-central U.S. Walters brings more than 25 years of international project leadership experience and is based in Dallas.
THIS AND THAT
The city of Richardson approved a $4M property acquisition and building modernization grant as part of an economic development agreement with Provident Corp. The grant will support building improvements tied to AT&T's expansion of its Richardson call center on Lakeside Boulevard.
Provident plans to spend $11.5M on building upgrades and a tenant improvement allowance. The grant will be payable in two installments tied to the AT&T expansion and occupancy of an additional 175K SF at 2201 Lakeside Blvd. by another tenant. It also includes a potential $500K bonus installment based on future leasing milestones.
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