Less than a week after lender Bamcap Partners announced it would seek a forced sale of the mixed-use, Wade Park development in Frisco, TX, lender number two is joining the fray. Specifically, Gamma Real Estate indicated that the development on the Dallas North Tollway and Lebanon Parkway defaulted on its loans, and has scheduled a forced sale of the property on March 6, 2018. Gamma lent $82.7 million to Atlanta-based Thomas Land Development in early 2017.

Thomas indicated it is negotiating with both Gamma Real Estate and Bamcap Partners to avoid a foreclosure. Contractors and other firms involved with the project stopped work in late 2017, and filed more than $10 million in liens against the development for unpaid bills.

Read more at connect texas 

FORT WORTH, TX — Commercial real estate company M2G Ventures is making sure new year’s resolutions are coming to life in The Foundry District — adding six entrepreneurial dreamers to its list of tenants before the end of the summer. Whimsical cocktails, specialty curated gifts, and chef-driven menu delivery are just a few of the things locals will be able to indulge in at The Foundry District.

Click to read more at //www.m2gventures.com/single-post/2018/02/19/The-Foundry-District-Continues-to-Establish-Itself-As-the-Place-to-Be-For-Entrepreneurs-In-2018

The end of 2017 wrapped up with a bang. Due in no small part to Toyota and JPMorgan Chase occupying more than 3 million square feet of build-to-suit projects in Plano’s Legacy, Dallas-Fort Worth ended the year at 5.2 million square feet of positive absorption—the market’s highest annual number since the recession. More importantly, the end of 2017 saw our 23rd straight quarter of positive absorption, a streak that began in the second quarter of 2012.

Read more at dmagazine.com

Affordable real estate, buildings within walking distance of each other, great mass transportation and a city that’s got a plan for affordable housing. Those are some of Amazon’s top priorities as it gears up to pick a city for its $5 billion second headquarters where it will build an 8-million-square-foot campus for up to 50,000 employees. Twenty metros made the list out of 238 that submitted proposals.  Pitting potential sites against each other is a hallmark of Amazon’s fast-moving, hardball strategy to strike the best deal for real estate projects. The company used the tactic to elicit more than $1.24 billion in subsidies from state and local governments to help build out its U.S. fulfillment and delivery network. Amazon has said that it is looking for cities that are progressive and are forward-thinking, with good mass transportation.

Read more at wfaa.com