This Week's Dallas-Fort Worth Deal Sheet
May 15, 2018

This Week's Dallas-Fort Worth Deal Sheet

Allied Orion Group and Passco to discuss investing in Texas multifamily: What's on the horizon for 2018? Find out at BMAC South.

Blue Star Land founder/Dallas Cowboys owner Jerry Jones and KDC President Toby Grove were inducted into the North Texas Commercial Association of Realtors and Real Estate Professionals Hall of Fame.

CBRE Chairman of Retail for the Americas Mickey Ashmore received the Michael F. McAuley Lifetime Achievement Award for community service.

Under Grove, KDC's biggest project in development is CityLine, a 186-acre mixed-use project in Richardson that will build out to 5M SF of office space, 3,925 multifamily residential units, two hotels and two parks. KDC is also building the 250K…

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BMAC South (June 28th) TX FILLER
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Top stories on Bisnow.com

What The Tax Cuts And Jobs Act Means For CRE Office Tenants Are Snatching Up Lab Space In Tight U.S. Markets
If The Niche Is Right, Retailers Can Still Grow DivcoWest, CalSTRS Target Core, Core Plus Assets In New $300M Venture
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Dallas Is A Retail 'Buy' Market, And Out-Of-Towners Are Taking Notice

It is time to buy retail in Dallas. Dallas-Fort Worth was ranked the fourth-best market to purchase retail property by Ten-X, which put three Texas cities in its top five buy markets. Austin was ranked No. 1 in the U.S.,…

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REFM (BetterDecisions) FILLER
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Will The Supreme Court's Sports Gambling Ruling Create A New CRE Market?

The U.S. Supreme Court made a momentous decision Monday striking down PAPSA, the law preventing states from regulating sports gambling.

Because states have now been given the freedom to design their own sports gambling framework, uncertainty reigns over just how much effect the ruling could have on commercial real estate.

Read the full story here.

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Lone Star And Starwood Among Bidders For World's Biggest Flexible Office Company

IWG, the owner of Regus, and the world's largest flexible office company, has received prospective bids from three private equity firms to take the company private.London-listed IWG said it received indicative proposals from the European division of Lone Star, Starwood…

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Now That Coworking Is Legit, Is There A Second Wave Coming?

Coworking has proven to be more than just a fad, as WeWork turns into a global empire and regional operators expand their fields of influence, but it has lost the scrappy underdog feel that made it appeal to its first members.

“When we started, [our membership] was a lot more startups, and as time went on, we've seen nonprofits and companies that just don't see the need to take their own space,” The Yard founder Morris Levy said. “It definitely expanded; we have financial companies with us, attorneys, accountants — it's really the full gamut today.”

The idea that some operators have gone corporate is part of what led Christopher Plant to found Kismet, a "21st century community center for people who want to get things done," as Plant put it.

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In Case You Missed It

The NRP Group Focuses Housing For The People, Not The Cycle The NRP Group Focuses Housing For The People, Not The Cycle
 
Howard Hughes Building 8.7M SF Mixed-Use In Allen Howard Hughes Building 8.7M SF Mixed-Use In Allen
 
Modular Rooftop Skyports To Support Uber's Flying Taxi Unveiled At Uber Elevate Summit Modular Rooftop Skyports To Support Uber's Flying Taxi Unveiled At Uber Elevate Summit
 
Make Muck Into Affordable Housing Bricks, Elon Musk Suggests Make Muck Into Affordable Housing Bricks, Elon Musk Suggests
 
  
  
CohnReznick (Ahead 2018) FILLER
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Beyond The Bio: 16 Questions With R2 Capital Founder/CEO Amar Nijjar

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

In only one word, Amar Nijjar can be summed up as a leader.

The founder of Toronto-based R2 Capital, an online platform that quickly earned a name for itself in the Canadian marketplace by connecting property owners and developers with property investors, Nijjar jumped headfirst into his career in real estate shortly after receiving an MBA from Toronto's York University.

He landed in debt financing, including leading JLL's Debt Capital Markets group, and then decided to venture out on his own, founding R2 Capital. To date, he has funded more than $5.5B and been involved in the underwriting of over $16B worth of real estate.

But Nijjar's focus is not solely on real estate. In his spare time, he also founded an organization called Educate Kids, a nonprofit that works to provide underprivileged children around the world with the resources they need to achieve success later in life.

Read the full story here.

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