Two D-FW shopping centers sold to new owners

Two D-FW shopping centers — Arapaho Village in Richardson and Valley Square in Lewisville — sold to new owners last week.

The 101,507-square-foot Arapaho Village, located at W. Arapaho Road and West Shore Drive in Richardson, was sold to an affiliate of leasing firm Weitzman. The mall is anchored by a Tom Thumb and was 92% leased, according to Disney Investment Group, brokers on both deals.

Terms of the deals were not disclosed.

The Valley Square shopping center is a 57,812-square-foot property near I-35E at 724 W Main St. in Lewisville. The center is 100% leased and its biggest tenant is a recently opened Fiesta Mart, according to a release. The buyer remained undisclosed.

The two shopping centers are anchored by grocery chains as the sector expands in North Texas. Forney, a rapidly growing eastern suburb, is building a new H-E-B and added a Tom Thumb recently. H-E-B has been aggressive in expanding in the area and announced its first store in Dallas County last month.

Project slated to makeover Dallas’ Henderson Avenue breaks ground Monday

New York-based Acadia Realty Trust and Dallas-based developer Ignite-Rebees broke ground Monday on the project that will include retail brands, chef-driven restaurants and office space.

D-FW home builders reported a slower third quarter. Here’s why

Dallas-Fort Worth home builders reported a slightly slower third quarter this year as they faced higher mortgage rates and slower job formations in an increasingly competitive market.North Texas builders started 13,327 homes from July through September, a nearly 2% drop from the same period last year, according to estimates from Residential Strategies Inc., a Dallas market research firm that tracks Texas’ new home industry.