Dallas

The legacy left behind in Texas by H. L. Hunt and his family is about to increase even further seeing as Hunt Midwest Enterprises, Inc. and Unity Hunt, Inc., the parent company for the Lamar Hunt family’s holdings, announced the launch of a new development and investment company.

Not even a year after announcing plans to relocate its corporate headquarters from Tulsa to the Dallas-Fort Worth Metroplex, Fortune 100 Best Companies to Work For nominee Hilti North America is ready to settle in at its new home in Plano. The firm decided last year to move to Texas in order to be closer to a broader base of customers and to have access to a larger pool of talent.

Back in the 1980s, Ross Perot envisioned a community unlike any other. Acres upon acres of land north of Dallas, with limited or no infrastructure, were to become a massive business hub. Thirty-five years later, that farfetched vision of his is on the brink of becoming reality.

Gaedeke Group is the latest developer to join Legacy West, a 2,700-acre master-planned business park in Plano. The firm plans to break ground in the next two months on One Legacy West, a 14-story, 327,856-square foot office tower. The project will rise on an 11-acre tract located at the southeast corner of Legacy Dr. and Highway 121 and will be 15 minutes away from the DFW Airport and the Addison Executive Airport and 25 minutes away from Downtown Dallas.

Washington, DC-based Greysteel Co. announced recently that one of its multifamily investment sales team has been retained as the sole advisor and agent for the sale of Milano, a 16-unit multifamily building in Dallas, Texas.

Each year, Downtown Fort Worth, Inc., a non-profit membership organization, and the Fort Worth Public Improvement District #1 release the State of Downtown report, a publication that covers the economic, social, education and real estate performance of the Downtown Fort Worth submarket.

Westwood Financial Corp., a national owner and operator of grocery-anchored retail properties, recently acquired its 25th retail asset in Texas. The firm closed on Legacy Ranch, a 95,000-square-foot neighborhood shopping center located at 4851 Legacy Dr. in Frisco, Texas.

Newport Beach, California-based MIG Real Estate recently closed on its ninth multifamily investment in Texas. The firm acquired Regency at Stonebridge Ranch, a 301-unit townhome apartment community in McKinney, Texas.