The Dallas-Fort Worth real estate market concluded 2025 with a series of landmark transactions, including a nearly $800 million mixed-use property sale and a record-breaking residential deal exceeding $30 million. These high-value exchanges in both the commercial and luxury home sectors underscore sustained investor confidence and robust activity across North Texas.
Major institutional investors and local developers drove the market, acquiring high-profile office towers in Uptown, expansive retail centers in Plano, and historic estates in the Park Cities. The deals reflect a dynamic landscape where prime assets continue to command premium prices, setting new benchmarks for the region as the year closed.
Key Takeaways
- The Legacy West mixed-use development in Plano was sold for $785 million, marking one of the largest regional transactions of the year.
- Crescent Real Estate expanded its Uptown Dallas portfolio with the acquisition of the Texas Capital Center for nearly $300 million.
- A historic mansion in the Park Cities sold for $30.5 million, becoming the most expensive home sale in D-FW for 2025.
- Significant land acquisitions, such as Lennar Homes' purchase in Collin County, signal continued residential development in the suburbs.
Blockbuster Commercial Deals Reshape Key DFW Submarkets
The commercial real estate sector in Dallas-Fort Worth was defined by several nine-figure transactions in 2025, with institutional capital flowing into premier mixed-use and office properties. These deals highlight the enduring appeal of North Texas as a top-tier investment destination.
Legacy West Commands a $785 Million Price Tag
Perhaps the most significant commercial transaction of the year was the sale of Legacy West in Plano. The sprawling 35-acre development was acquired by a joint venture of Kite Realty Group and Singapore's sovereign wealth fund, GIC, for a total of $785 million. The seller was Invesco Advisers.
This premier property is a cornerstone of Plano's commercial landscape, featuring a carefully curated mix of assets that attract both corporations and high-end consumers. The sale encompasses a diverse and highly occupied portfolio.
Legacy West by the Numbers
- Total Area: 35 acres
- Retail Space: 344,000 square feet
- Office Space: 444,000 square feet
- Residential Units: 782 apartments
The retail component is home to luxury brands such as Gucci, Louis Vuitton, Tiffany & Co., and Chanel. Meanwhile, the office space, which is 98% occupied, counts major corporations like Boeing and Toyota Connected among its tenants. This combination of stable, high-credit tenants and luxury retail made it a highly sought-after asset.
Crescent Real Estate Deepens Its Uptown Dominance
In the highly competitive Uptown Dallas submarket, Fort Worth-based Crescent Real Estate made aggressive moves to solidify its presence. The firm's acquisition of the Texas Capital Center at 2000 McKinney Avenue was the largest office sale of the year, closing at just under $300 million.
The German firm Union Investment, which had purchased the tower in 2016 for approximately $226 million, was the seller. The transaction demonstrates significant value appreciation in the Uptown office market over the past decade.
Crescent didn't stop there. Later in the year, the company also purchased the neighboring building at 2100 McKinney Avenue. While the final price was not made public, county records show that Crescent Real Estate secured $170.4 million in financing to complete the deal, further cementing its control over prime real estate in one of Dallas's most prestigious business districts.
Luxury Residential Market Sets New Records
While commercial properties saw massive capital inflows, the ultra-luxury residential market also experienced a banner year. A handful of sales in exclusive neighborhoods shattered previous records, driven by demand for historic properties with modern amenities.
A Note on Public Records
The sales figures discussed here are based on transactions listed through the Multiple Listing Service (MLS). Many high-value home sales occur through private, off-market deals, which are not included in this public tally. The true scale of the luxury market may be even larger.
Park Cities Mansion Sells for $30.5 Million
The most expensive home to be publicly sold in Dallas-Fort Worth in 2025 was the historic estate at 6601 Hunters Glen Road. Located in the coveted Volk Estates area of the Park Cities, the property sold for $30.5 million in December.
Initially listed for $35 million, the nearly 13,000-square-foot home was purchased by a local family. The property was previously held in a trust connected to the late Joshua Pack, co-CEO of Fortress Investment Group.
Built in 1927, the residence sits on a nearly two-acre lot and includes:
- Five bedrooms, six full bathrooms, and three half-baths
- Ten wood-burning fireplaces
- A sculpture garden and putting green
- A tennis and pickleball court
- A two-story cabana with guest quarters and a remodeled gym
The sale underscores the premium placed on large, private estates in established, prestigious neighborhoods.
Other Noteworthy High-End Sales
December proved to be a hot month for luxury real estate. Another significant sale was the property at 4000 Euclid Avenue, which was purchased by the Maui Kiki Trust for $25.5 million.
Additionally, a mansion at 1 Dorset Place was acquired by a trust associated with medical executives Tu and Alex Dao. Though the sale price was not disclosed, public records indicate the buyers took out a $10 million mortgage to facilitate the purchase, suggesting a multi-million dollar transaction.
Future Development and Strategic Moves
Beyond headline-grabbing sales, other transactions in 2025 point toward the future direction of growth in North Texas. These include major land acquisitions for future housing and strategic personnel changes at top development firms.
Lennar Homes Bets Big on Collin County
Looking north, homebuilder Lennar Homes closed on the initial phase of land for a massive 751-acre development planned near the town of Weston in Collin County. This significant land acquisition signals a long-term commitment to building new communities to meet the relentless demand for housing in the DFW suburbs.
Trammell Crow Company Appoints New DFW Leader
In a key corporate development, Trammell Crow Company (TCC), a subsidiary of CBRE, promoted Joel Behrens to market leader for its Dallas-Fort Worth office. Having been with TCC since 2008, Behrens will now oversee all new development and investment for both the commercial firm and its residential subsidiary, High Street Residential. This move positions a seasoned executive to guide one of the region's most influential developers through its next phase of growth.
