Richmond Business Park Secures Major Lease, Dallas Convention Center Expansion Approved

Lingerfelt's Ruffin Mill Distribution Center secures a major lease with Vital Records Control, while the Dallas City Council approves a $187 million expansion of the Kay Bailey Hutchison Convention Center. Also, an analysis of Ares Commercial Real Estate's challenges and potential rewards. Stay informed about the latest developments in the commercial real estate market.

Sources:
https://www.commercialcafe.com/blog/lingerfelt-vrc-industrial-space-lease-richmond-va-business-park/
https://www.dmagazine.com/commercial-real-estate/2024/09/dallas-city-council-approves-187-million-as-part-of-convention-center-project/
https://seekingalpha.com/article/4720858-ares-commercial-real-estate-14-percent-under-covered-yield-but-there-is-hope
https://richmondbizsense.com/2024/09/13/the-pipeline-commercial-real-estate-roundup-for-9-13-24/

Outline:
(00:00:00) Introduction
(00:00:40) Lingerfelt Bags Anchor Tenant at Richmond, Va., Business Park
(00:03:03) Dallas City Council Approves $187 Million as Part of Convention Center Project
(00:05:57) Ares Commercial Real Estate: 14% Undercovered Yield, But There Is Hope
(00:09:08) The Pipeline: Commercial real estate roundup for 9.13.24