Anthem Development starts construction of 296-unit mixed-use project in Dallas

Anthem Development broke ground on the “Premier” at Dallas Midtown, a 296-unit luxury mixed-use project at the southwest corner of Dilbeck and Preston Road in Dallas.

Anthem is partnering with PLT America, a subsidiary of Prime Life Technologies Corporation, which is a joint venture of Toyota Motor Corporation and Panasonic Holdings Corporation, as well as Beck Ventures for equity on the first phase of this Dallas International District project.

The Premier will be completed as a six-story 296-unit asset with 13,500 square feet of ground floor retail, strategically located at by Preston Road and LBJ Freeway, just across from the T Bar M Tennis Club. Residents will be situated perfectly in the population density center of Dallas, equally able to commute between 635, I-45, and the Dallas North Tollway. The community’s strategic location also ensures convenient commutes to major employment areas throughout the Dallas-Fort Worth metroplex. The Premier is scheduled to open in 2027.

The project will be financed by NexBank, designed by Cross Architects, and constructed by Anthem Commercial Construction, a vertical subsidiary of Anthem Development. XIB Capital Partners and Nova Capital helped secure the equity and financing, respectively.

More than $1 trillion? That’s how much U.S. shoppers are expected to spend this holiday season

The National Retail Federation shared some holiday cheer for retailers: The federation predicts that U.S. shoppers will spend more than $1 trillion during the holiday shopping season. If this holds true, it will be the first time that U.S. consumers will have spent this much.

The retail federation said that it expects retail sales to clock in at $1.01 trillion to $1.02 trillion this holiday season.

That would be a jump of 3.7% to 4.2% from last year’s U.S. holiday sales of $976.1 billion.

Check out the video below for a deeper look at how holiday sales might benefit U.S. retailers today.

Record-breaking spending expected this holiday season

PlaceMKR enters Dallas market with acquisition of 325,300-square-foot industrial portfolio

PlaceMKR, an Austin-based commercial real estate investment and development firm, made its entry into the Dallas-Fort Worth industrial market with the acquisition of a 325,300-square-foot flex industrial portfolio along Interstate 30 in Rockwall.

The Industrial Boulevard portfolio, at 2005 and 2020 Industrial Blvd. in Rockwall, was constructed between 1976 and 1993. It spans 21 acres and comprises 10 buildings, ranging in size from 10,000 to 163,000 square feet. Building tenants include local and national occupiers with an average time at the property of more than 10 years.

PlaceMKR plans to immediately implement an extensive capital improvement plan to enhance the tenant experience and performance of the assets. They have completed similar projects in Austin and New Braunfels that have enhanced industrial and IOS properties through aesthetic, utility, paving and wayfinding improvements.

Strategically located about 25 miles east of Downtown Dallas along I-30, the portfolio features outdoor storage, drive-in and dock-high loading, heavy power, HVAC and clear heights of 16′-24′. The property is near some of Rockwall’s major employers, including Channell Commercial Corporation, Graham Packaging Company, SPR Packaging and IKEA.

Additionally, the portfolio is in a highly desirable location, just 2.5 miles from the 550-acre Rockwall Technology Park industrial hub. Overseen by the Rockwall Economic Development Corporation, it is home to many of the city’s largest manufacturers and industrial job creators.

Rockwall’s industrial inventory of 7.1 million square feet represents about .6% of the Metroplex’s total market of 1.2 billion square feet. Despite its small size, Rockwall has consistently outperformed the broader region in occupancy, Cortese said. The submarket’s net absorption has remained strong with 197k SF absorbed within the previous 12 months, despite inventory expanding 20.5% in that same period.

Historically, new development in Rockwall has focused on big-box, tilt-wall construction where spaces are not easily demised for service industrial tenancy. This has resulted in a lack of available vacancies of less than 20,000 square feet, which in turn has led to asking rates achieving all-time highs. Furthermore, rising construction costs mixed with high land values make ground-up construction of small bay product unfeasible. The Industrial Boulevard portfolio benefits from this imbalance by offering functionality and existing availability, which is becoming increasingly scarce in Rockwall.

MDH Partners acquires nine-building industrial portfolio in Houston

MDH Partners acquired a Class-A nine-building portfolio of light industrial assets totaling 563,343 square feet in Houston.

The portfolio included two buildings located at 7220 N Sam Houston Pkwy W and seven buildings at 3403 N Sam Houston Pkwy W. Located in the Northwest Houston submarket along Beltway 8, the Portfolio is 94% leased. Georga Rowe led the acquisition for MDH. 

Located on Sam Houston Parkway, the Portfolio is visible to 150,000 vehicles per day with premier frontage along Beltway 8, providing excellent access to all major transportation arteries. Developed between 2007 and 2013, the nine buildings in the Portfolio are highly functional Class-A assets with an average suite size of 19,425 square feet. The Portfolio is 94% leased to 26 tenants with a weighted average lease term of 4.47 years.  MDH has engaged Stream Realty Partners to lease the portfolio on its behalf.  

According to CoStar, shallow bay assets represent 36% of total U.S. industrial inventory as of Q1 2025, yet they account for only approximately 5% of all industrial space currently under construction, underscoring the limited new supply entering this category. This Portfolio is directly aligned with these national dynamics, offering a variety of suite sizes ranging from 6,800 square feet to 65,000 square feet. 

Stream Realty Partners reports that the greater than 50,000-square-foot distribution segment in Houston’s Northwest submarket has historically maintained one of the lowest vacancy rates out of all the size segments at approximately 3.5% over the last four quarters, reflecting exceptional tenant depth and leasing velocity in this infill shallow-bay size range.  

MDH is currently investing its Fund III, a $1.2 billion discretionary fund, and it currently owns or manages approximately 37 million square feet across 33 markets in 18 states.  

A busy Black Friday: U.S. consumers rack up $11.8 billion in online sales the day after Thanksgiving

Consumers spent a record-high this Black Friday on online shopping, according to the latest research from Adobe Analytics.

According to Adobe’s stats, U.S. consumers spent $11.8 billion on online purchases this most recent Black Friday. If that seems like an impressive number, it’s because it is: That’s up 9.1% from 2024 and marks an all-time high.

And that’s not the end of the online shopping boom. Adobe said that it expects U.S. consumers to spend $14.2 billion online today, Cyber Monday.

Mastercard’s SpendingPulse said that e-commerce sales jumped 10.4% on Black Friday of this year, while in-store purchases only jumped 1.7% from 2024.

Online shoppers were especially active during the hours of 10 a.m. and 2 p.m. Eastern Time, according to Adobe. The company said consumers spent $12.5 million through online shopping carts every minute during this time.

U.S. shoppers didn’t limit their online spending to Black Friday, either. Adobe said that U.S. consumers spent a record $6.4 billion online on Thanksgiving Day itself.

Big sellers this holiday weekend included video game consoles, home appliances and electronics.

Peter Mainguy joins Partners as Executive Managing Director, Services, Texas Region & Partner—adding to the firm’s substantial growth and momentum

Among the commercial real estate industry’s best-known executives, Mr. Mainguy moves to Partners after nearly a decade at CBRE; will accelerate growth for all of Partners’ Services business lines across Texas in a regional executive role

Partners Real Estate (“Partners”), a full-service commercial real estate firm with an integrated investment and development platform, today announced that Peter Mainguy has joined the organization as an Equity Partner and Executive Managing Director, Services, Texas Region.

Mr. Mainguy, a veteran executive, will lead Partners’ aggressive expansion of its Services business across Texas. He will be based in the company’s Houston headquarters.

In one of the most significant endorsements of the company’s unique business model to date, Mr. Mainguy transitions from CBRE to leading Partners’ aggressive expansion of its Services business across Texas. He will be based in the company’s Houston headquarters.

As Executive Managing Director, Mr. Mainguy will oversee the growth and management of Partners’ Brokerage, Property Management, Valuation & Advisory, and Project Management services throughout the state. He will work closely with the firm’s Texas Managing Directors and services leaders.

Mr. Mainguy brings a wealth of expertise to Partners, having most recently served as Senior Managing Director of CBRE’s Houston and Louisiana markets, where he led a team of over 1,100 professionals. His leadership drove strategy across Advisory & Transaction Services, Asset Services, Valuation & Advisory Services, and Project Management. Prior to CBRE, Mr. Mainguy served as head of global real estate for Sysco Corporation, managing a 46-million-sq.-ft. portfolio across North America, Europe, and Asia. His earlier career as a successful industrial and land broker at CBRE further underscores his deep industry knowledge and client-focused approach.

“Peter’s appointment is a transformative moment for Partners as we continue to expand our footprint across Texas and further build our brand out at the national level,” said Jon Silberman, CEO of Partners. “He understands and appreciates that our partnership structure puts the client at the center of everything we do— dramatically increasing collaboration and significantly reducing silos, which are so prevalent in the traditional commercial real estate services model. Peter will work with former Cushman & Wakefield executive, John O’Neill, who leads the firm’s Southeast Region. We are incredibly excited and fortunate to have two highly experienced and regarded leaders dedicated to supporting the growth and success of our firm.”

“I am incredibly excited to join Partners at this pivotal time in its growth,” said Mr. Mainguy. “The firm is clearly disrupting the industry with its partnership model and client-centric approach. I’m a firm believer that alignment produces better client outcomes. I look forward to collaborating with the talented teams in Houston, Dallas, Austin, San Antonio, and beyond to deliver exceptional value to our clients.”

Mr. Mainguy’s arrival signals Partners’ commitment to strengthening its position as a leading commercial real estate firm in Texas, in the Southeast, and across the country. His leadership is expected to accelerate the firm’s growth trajectory and enhance its reputation for delivering strategic, multidisciplinary solutions.

Professionals joining Partners appreciate that the company’s services platform is fully integrated with its investments and development businesses, and enables its brokers to participate in those opportunities.

Similar to the highly-regarded septet of Chip Colvill, Michael Anderson, Win Haggard, Damon Thames, Brad Beasley, Diana Bridger, and Connor Saxe joining Partners’ Office Agency Leasing practice in Houston from Cushman & Wakefield last spring, Mr. Mainguy’s decision to come to Partners represents another significant win for Partners and further demonstrates the significant drawing power of Partners’ distinctive business model, platform, and structure.

This announcement also builds on continued overall momentous growth for Partners, underscored by several high-profile announcements, including the sale of a 14-acre parcel housing Tesla’s 183,340-sq.-ft. industrial building and lease by Compal of the entirety of the remaining 366,000-sq.-ft. cross-dock spec building with Class 1 Rail Service at TaylorPort Rail Park—the most unique industrial park in Texas, developed by Partners Development; prominent Atlanta-based firm Seven Oaks joining the firm; arranging a 60,530-sq.-ft. lease for Mercedes-Benz R&D in Atlanta; winning the exclusive Office Agency Leasing assignment for one of downtown Houston’s most prominent buildings in 801 Travis St; arranging a massive pre-lease for a 420,510-sq.-ft. cross-dock distribution facility at TGS Cedar Port Industrial Park; being named the exclusive leasing agent for Atlanta’s next-generation trophy tower, 1072 West Peachtree; and earning the #1 Best Place to Work among Large Companies by The Houston Business Journal for an unprecedented third year in a row, with the historic three-peat making Partners  the first firm in the award’s 25-year history to rank #1 for three consecutive years.

About Partners

Partners is one of the largest privately-held and independently-owned commercial real estate firms in the U.S. with three key operating segments: 1) Full-service Occupier & Investor business; 2) Partners Capital, an investment management platform specializing in the acquisition and disposition of industrial, retail, healthcare, hospitality, land and office properties via multiple investment funds: which includes Partners Finance, a registered broker-dealer and FINRA / SIPC member engaged in offering real estate investment funds and individual investment opportunities to qualified individual investors, family offices and institutions; 3) Partners Development, which creates first-class development projects for our clients & investors. www.partnersrealestate.com.