DFW Land Acquires 112 Acres in Celina, $250M Mixed-Use Development on Way
DFW LAND’s Vijay Borra has purchased 112 acres from the Choate Family at the high-profile intersection of the Collin County Outer Loop and Preston Road in Celina.
DFW LAND has retained DB2RE to target retail, medical, hospitality, and office users and identify a multifamily development partner should residential components be included in the final master plan. Design work is underway, and the project could break ground next year. The Dallas Morning News reports DFW Land may invest $250 million in the venture.
Situated at the crossing of three major thoroughfares, the property is adjacent to two major retail projects: a Walmart Supercenter-anchored development currently under construction and a future H-E-B-anchored development.
The transaction was brokered by David Davidson, Jr. of Davidson Bogel Real Estate (DB2RE), in partnership with his father, David Davidson, Sr. of Davidson Real Estate.
Other News
Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
Learn more
Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap
An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
Learn more
Revere, MA Weighs 1,700-Unit Housing Project
The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout