Avison Young completed the sale of Midway Office Park, a 53,673-square-foot office building at 14665 Midway Road in Addison, Texas.

Avison Young Senior Vice Presidents Bruce Butler, Susan Gwin Burks, and John Bowles represented the seller, Midway Office Park LLC. The buyer, Urban Infraconstruction, was represented by Taylor Stell, Principal at Lee & Associates.

Urban Infraconstruction is a Texas-based, full service certified general contractor specializing in civil construction. The firm will use the property to expand within the building, which was approximately 60% vacant at the time of closing, and plans to continue to lease space to some of the existing tenants as well.

Situated on 2.75 acres, the two-story, Class B office property was built in 1977 and was renovated in 1998. It is located within the highly coveted Quorum/Bent Tree submarket. The asset is surrounded by numerous amenities including restaurants, coffees shops, retail and hotels. It is near Interstate 635 to the south, the Dallas North Tollway on the east and State Highway 190 to the north and is near Addison Airport, Dallas Love Field and DFW International Airport.

The Addison submarket is one of the most amenitized commercial concentrations in the metroplex. AMLI, a large national multifamily developer, is boosting the growth and amenities in the immediate area with a new $220 million mixed-use development called the Treehouse. This project wraps Midway Office Park and includes town houses, apartments, and retail.

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.

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.

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 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.  

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.