Lamar Hunt-affiliated developer chosen to build new project in McKinney

McKinney Economic Development Corporation selected Hunt Southwest, a Dallas-based real estate investment firm affiliated with the Lamar Hunt family, to build a new industrial facility in McKinney.

The development firm landed the economic development group’s project after McKinney Economic Development circulated a request-for-proposal earlier this summer.

Click to read more at Dallas Business Journal.

Fort Worth investor buys community in Frisco’s touted ‘$5B Mile’

Fort Worth-based real estate investor Olympus Property has expanded its Texas portfolio with the acquisition of a luxury mid-rise apartment community along the Dallas North Tollway within Frisco’s touted ‘$5 Billion Mile.’

The 282-unit apartment community, called Boulevard at Frisco Square, sits near Toyota Stadium in Frisco. Olympus Property also changed the name of the community to Olympus Boulevard.

Click to read more at Dallas Business Journal.

Massive entertainment destination gets started next to this Buc-ee’s in DFW

An entertainment destination with everything from an 8-screen theater to a 24-lane bowling alley has been kicked off adjacent to the new Buc-ee’s Travel Center at Crossroads at Terrell.

Upon completion, it will be even bigger than Buc-ee’s Travel Center by about 12,000 square feet.

Click to read more at Dallas Business Journal.

Dallas’ Jacobs to buy Denver-based rival in $3.27B deal

Global engineering firm Jacobs Engineering Group Inc. (NYSE: JEC) has decided to buy one of its rivals — Denver-based CH2M HILL Companies Ltd. — in a deal valued at $3.27 billion, which will give the Dallas-based firm a much-needed foothold in the United Kingdom.

The deal comes on the heels of rumors circulating that Jacobs was considering the acquisition, but was also weighing some of CH2M’s outstanding liabilities. In the deal, Jacobs will acquire all the outstanding shares of CH2M in a cash and stock deal valued at $3.27 billion, which includes about $416 million of debt.

Click to read more at Dallas Business Journal.

Biggest DFW food distribution hub to hit the market in a decade could attract major operator

The biggest refrigerated food distribution facility to land on the market in Dallas-Fort Worth in the last 10 years is being shopped around town and could bring a major grocery operator to the region.

Associated Wholesale Grocer’s decided to consolidate its regional operations in Oklahoma and put the nearly 1.15 million-square-foot facility on a 90.68-acre tract at 7550 Oak Grove Road in Fort Worth on the market.

Click to read more at Dallas Business Journal.

New York-based shared office concept to put Texas hub in Arts District

A New York-based shared office concept is bringing its first upscale coworking concept to the Dallas Arts District with the help of Dallas developer Craig Hall, who recently invested an undisclosed sum in the company.

Along with being an investor, Hall will be the landlord for Serendipity Labs Coworking, which plans to open its 29,000-square-foot Texas hub on the 17th floor and ground floor of KPMG Plaza at Hall Arts.

Click to read more at Dallas Business Journal.