McKinney picks KDC, other developers to build new corporate magnet

The Dallas-based developer behind part of Legacy West is getting ready to create another corporate magnet in North Texas.

KDC has begun laying the groundwork for its master development agreement with the City of McKinney and the McKinney Economic Development Corp. to develop the city’s Gateway site at the interchange of the Sam Rayburn Tollway and U.S. 75

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Luxury lofts in Dallas’ Medical District sell to Chicago-based investment group

A luxury loft-style apartment community in Dallas’ Medical District, which sits two blocks from a DART rail station, has sold to a Chicago-based investment firm. Terms of the deal were undisclosed.

Sherman Residential, a division of a Chicago-based, family-owned firm Benj. E. Sherman & Sons Inc., acquired the Maple District Lofts, a recently-completed, 342-unit apartment community at 5415 Maple Ave. in Dallas.

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South African investment firm makes first U.S. acquisition in Dallas-Fort Worth

South African-based real estate firm Blazing Meadows Investments LLC has made its foray into U.S. real estate investment by snapping up a Fort Worth shopping center.

Blazing Meadows acquired Clifford Crossing, a 4,300-square-foot retail strip center in West Fort Worth, from MG Retail Partners, which developed the property in a joint venture with Fort Worth-based Vaquero Ventures.

Click to read more at Dallas Business Journal.