NYSE Texas Leases Dallas Office, Centurion American’s Big Moves

A major Y’all Street player is putting down roots at an exclusive Dallas address.

NYSE Texas leased 28,000 square feet in Crow Holdings’ Old Parkland complex, making it the first among the three exchanges duking it out in Texas to solidify its headquarters.

Nasdaq also has plans for a regional headquarters in Texas, while the Texas Stock Exchange — a new capital market backed by BlackRock, Citadel Securities, and Charles Schwab — is slated to launch next year. NYSE Texas, which is being renamed in a move from Chicago, debuted this year as a fully electronic exchange.

Here’s what else happened in Texas real estate this week.

The latest play for Mehrdad Moayedi’s Centurion American Development Group, the purchase of 1,100 acres in the North Texas town of Gunter, prompted The Real Deal to track the prolific developer’s land purchases over the past couple of years.

Less than a year after going public, Dallas-based FrontView REIT ousted its chief financial officer following an internal investigation, triggering investor concern, a JPMorgan downgrade, and a 40 percent stock drop from its initial public offering. While the company reaffirmed its earnings guidance, analysts warned leadership turmoil could make it a takeover target.

The Texas Legislature closed its biennial session earlier this month. Here’s a rundown of the laws taking shape that loom large for real estate.

Big Tech’s romance with Austin started hot and heavy but has cooled off, leaving big subleases to fill.

The Houston Housing Authority had another misstep after a court filing related to a housing voucher case included numerous fake legal citations, some appearing to be AI-generated. The incident followed a leadership shakeup over mismanagement.

Law enforcement tech firm LeadsOnline is nearly doubling its Plano office space after a string of acquisitions, expanding from 15,000 to 27,000 square feet at Legacy Town Center II. The growth reflects both the company’s rapid expansion and a broader trend of firms relocating to Dallas-Fort Worth suburbs amid high office vacancies in the city.

Bixby Capital Management bought a four-building industrial portfolio near Dallas and Nashville for $84.25 million. The recently built properties, totaling 460,000 square feet, include partially vacant sites, with CBRE arranging $61.8 million in financing and Dallas-Fort Worth continuing to lead the nation in industrial space absorption.

Coppell-based At Home is the latest Texas big-box retailer to file for bankruptcy, but the firm is vowing to keep its 260 locations open amid restructuring.

—Rachel Stone