California-based REIT makes $44M buy of 300-home community in DFW

An Orange County, California-based real estate investment trust — Steadfast Apartment REIT III Inc. — has acquired a North Texas apartment community, with plans to renovate the interior of the 300 homes.

The community, called The Pointe at Vista Ridge, adjacent to Vista Ridge Mall in Lewisville was acquired for about $44 million.

Click to read more at Dallas Business Journal.

Exclusive: Developer buys tract next to hubs for new project in Grapevine

Denver-based real estate investment and development firm DCT Industrial Trust Inc. has acquired a tract adjacent to two massive distribution hub with plans to develop the second phase of an industrial park in Grapevine.

The 12.88-acre tract east of the intersection of Enchanted Way and Bass Pro Drive is slated to include a two-building complex totaling 194,000 square feet of industrial space, which will expand DCT’s original Freeport West vision.

Click to read more at Dallas Business Journal

Retailer to open big distribution hub, bring hundreds of jobs to Fort Worth

A national wholesaler of apparel and accessories plans to open a new distribution hub within a speculative industrial warehouse being built by Dallas-based Hunt Southwest.

Illinois-based S&S Activewear LLC has signed a lease for 493,000 square feet at 35/820 @ Mercantile Center, which totals 657,000 square feet of warehouse and distribution space.

Click to read more at Dallas Business Journal.

Infrastructure firm AECOM to relocate its Dallas regional HQ to Galleria Towers

Global infrastructure service firm AECOM (NYSE: ACM) plans to relocate its regional headquarters from the InfoMart building near downtown Dallas to Galleria Towers, which will consolidate more than 250 employees in one office.

The Los Angeles-based firm recently signed a lease for 30,050 square feet of office space at One Galleria Tower at 13355 Noel Road in Dallas, with plans to move into the new office by the end of the year.

Click to read more at Dallas Business Journal.

Truck manufacturer to build its latest facility in McKinney with city help

Truck manufacturer PACCAR Inc. (Nasdaq: PCAR) — a Fortune 500 company — has decided to put its next new manufacturing facility for one of its divisions in McKinney, with the deal slated to become finalized in the next few weeks.

The McKinney Economic Development Corp. has reached an agreement to give PACCAR economic incentives for the deal, which is valued at over $20 million.

Click to read more at Dallas Business Journal.