Category: DFW Real Estate News
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Weidner Apartment Homes Acquires Monterra Village in Fort Worth
Weidner Apartment Homes, based in Kirkland, Washington, has purchased Monterra Village, a 550-unit apartment complex located in Fort Worth’s fast-growing Alliance Town Center. The property, sold by Hillwood Multifamily, a division of Hillwood, closed on December 18 for an undisclosed amount. Monterra Village spans 35 acres and includes 541,000 square feet of rentable space, offering…
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Experts Say Dallas-Fort Worth is No. 1 for Real Estate Potential
The Dallas-Fort Worth metro ranks as the top emerging real estate market across the United States and Canada, with the highest investment and development potential. That’s according to the 2025 Emerging Trends in Real Estate report from the Urban Land Institute and PricewaterhouseCoopers. The closely watched annual report compiles data from more than 2,000 industry experts who are…
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The Historic Dallas Plant Sold to Asbury Automotive by RTX
Dallas plant of aerospace and defense manufacturing company RTX, formerly Raytheon Technologies, has been sold to Georgia-based Asbury Automotive Group. The 15-acre site at 6000 Lemmon Ave. near Love Field will now house luxury vehicles like Porsches. The purchase price along with other information about the transaction was not disclosed. RTX declined to provide details…
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Dallas Developer Pleads Guilty to Bribing City Officials in Real Estate Scheme
Sherman Roberts, a real estate developer from Dallas, pleaded guilty to bribing two former city officials. He did this to get support for his apartment projects, according to federal authorities. Roberts, 70, used to be the president of City Wide Community Development Corporation. He admitted to paying bribes.The bribes were given to former Dallas Mayor…
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Dallas Builders Face Permit Controversy in Historic Elm Thicket/Northpark Neighborhood
A city panel last week sided with Danny Le and Akber Meghani, two builders whose permits Dallas officials pulled after the builders constructed non-complying structures in the Elm Thicket-Northpark neighborhood. The panel acknowledged the city’s role in the permitting mistake and weighed violations concerning height restrictions, roofing standards, and land use. The panel rescinded Meghan’s…