Trammell Crow Company and joint venture partner PGIM broke ground on Lake Vista Technology Park, a three-building, 316,333-square-foot industrial park near Dallas Fort Worth International Airport in Lewisville, Texas.

The development is expected to deliver by the fourth quarter of 2026. Comerica Bank is providing construction financing for the project.
 
Situated on approximately 20 acres at the southwest corner of Interstate 35 West and State Highway 121, Lake Vista Technology Park will feature three buildings available for lease:

• Building 1: 122,820-SF rear-load facility with 32-foot clear height and 200-foot depth
• Building 2: 126,693-SF rear-load facility with 32-foot clear height and 270-foot depth
• Building 3: 66,820-SF rear-load facility with 32-foot clear height and 160-foot depth

Lake Vista will feature elevated front entries with glass across the front of each building, heavy landscaping on the perimeter of the site, and access to the Lake Vista jogging trail. TCC is pursuing LEED certification for all three buildings. Lake Vista Technology Park will replace two vacant office buildings and two parking garages along Lake Vista Drive, which will be demolished prior to vertical construction.
 
Alliance Architects is serving as the project’s architect, Peinado Construction is the general contractor, Halff is the civil engineer, Studio Green Spot is the landscape architect, and SSI is the geotechnical engineer. Steve Trese and Wilson Brown of CBRE are marketing and leasing the project.

CenterSquare acquired the Metropolitan Infill portfolio, a two-building, 86,388-square-foot Service Industrial portfolio in the Carrollton and Addison submarkets of Dallas.

The portfolio was acquired on behalf of a Midwest public fund investor.

The 100% occupied portfolio offers aggregate construction, suites averaging approximately 5,400 square feet, 12’-16’ clear heights, and a mix of dock-high and grade-level loading.

The portfolio is in infill, densely populated submarkets of Dallas, adjacent to major thoroughfares, affluent rooftops and demand drivers including Addison Airport. The business plan focuses on bringing rents up to market levels and enhancing the appeal of the properties with exterior upgrades.

This transaction is CenterSquare’s first Service Industrial acquisition in the Dallas MSA, bringing our total Service Industrial portfolio to almost 1.8 million square feet. The investment represents the expansion of an existing Separately Managed Account relationship with a core plus risk profile focused on building an enduring, high-quality portfolio of properties in strong growth markets that generate cash flow and appreciate over time.

Forward-thinking companies have stopped playing defense with their real estate portfolios and started playing offense. The winners in 2026 will be those who turn their physical spaces into powerful drivers of employee engagement, innovation and business growth. JLL’s 2026 Corporate Real Estate Trends to Watch piece outlines five priorities that global occupiers must act on in 2026 and beyond to stay ahead.

“The pace of change in corporate real estate has never been greater, and transformation must be continuous, not a one-off initiative,” said Neil Murray, Global CEO, Real Estate Management Services, JLL. “In 2026, the most successful organizations will not only optimize real estate costs but also leverage high-quality data to integrate people, technology and sustainability, turning their physical footprints into a driver of competitive advantage.”

Focus on “elastic portfolios” for efficient yet dynamic CRE strategies 

Reducing operating costs and portfolio optimization top the list of corporate real estate objectives, yet talent and workforce expansion are critical considerations that are often overlooked. Globally, office utilization averages just 54% versus targets of 79%, underscoring the need for CRE strategies to shift from static, long-term leases to dynamic “elastic portfolios” that span all asset types that are right for organizational strategies and business needs. In 2026, organizations must treat portfolio optimization like a technology platform – one that can continuously pivot to support market entries, talent acquisitions and capital redeployment.

Evolve from mandates to curated, experience-centric workplaces

As 52% of organizations now require employees to be in the office three to four days a week, there’s a growing focus on making workplaces truly “commute-worthy.” With work-life balance now outranking salary as the top retention driver (65%), flexibility in location and hours has become a need and not a perk.

“Across APAC markets, there is a clear correlation between workplace quality and attendance patterns,” said Susheel Koul, Chief Executive Officer, Real Estate Management Services, APAC, JLL. “The organizations achieving consistent office utilization have moved past generic space planning to create locations that genuinely support how their specific workforce operates. Success comes from strategic alignment between space design, company culture, and measurable business outcomes.”

Advance AI capabilities from experiment to intelligent infrastructure, driving performance

AI exploration has skyrocketed from under 5% of CRE teams planning pilots in 2023 to 92% in 2025; however, most are still in the experimental phase. The bottleneck is not a lack of ambition but rather foundational, with 54% citing compatibility issues with legacy infrastructure as the top barrier. Despite this, several workplace technologies have surpassed an 80% adoption rate.

With operational pressures rising and richer data streams now available, AI is becoming essential for resilience and cost control.

“We’re seeing a fundamental shift in how organizations view AI investment in EMEA and beyond,” said Sue Asprey Price, CEO, Work Dynamics, EMEA and Head of Portfolio Services, JLL. “The early adopters have moved beyond pilot projects to embed AI as core business infrastructure. In the year ahead, organizations that strengthen data foundations before scaling AI initiatives will achieve the essential AI shift from experimentation to enterprise infrastructure.”

Design facilities management models that simultaneously optimize operations and enhance employee wellbeing

Facilities management (FM) is at a turning point as organizations navigate rising operating costs alongside increasing expectations for employee wellbeing and safety. 84% of FM leaders cite costs as their top concern, with wellbeing and safety close behind. This shapes how companies evaluate FM partners. Today, 78% of organizations prioritize providers who understand their business, not just those offering the lowest price. By 2026, FM leaders must harness technology to automate routine tasks; foster a safety-first culture and balance cost efficiency with human experience to measure safety, satisfaction and sustainability and not just cost per square foot.

Align energy performance and human experience for shared value creation

As energy costs rise and tenant expectations evolve, 62% of organizations now cite energy performance as a top sustainability driver. Looking ahead, occupiers should prioritize upgrades that combine energy efficiency, smart technology and design improvements to enhance both performance and employee wellbeing. In 2026, organizations that integrate these upgrades with broader experience improvements will capture a “twin premium,” achieving measurable savings while creating workplaces that attract and retain top talent.

“These five trends are interconnected drivers of a seismic shift that signal the days of treating corporate real estate as a cost center are over,” said Sanjay Rishi, CEO, Work Dynamics, Americas and Head of Industries, JLL. “By aligning portfolio decisions with employee wellbeing and business agility, CRE leaders are creating workplace experiences that drive both operational efficiency and talent loyalty. The result is real estate that actively contributes to business growth rather than simply supporting it.”

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.