Deal Ticker: Craig International to Give $200 Million Renovation to Former Globe Life HQ

June 12, 2026 - 03:46

Craig International is set to invest $200 million into renovating the former Globe Life headquarters, a major redevelopment project that will breathe new life into the long-vacant corporate campus. The overhaul aims to transform the aging property into a modern, mixed-use destination, signaling a significant vote of confidence in the local commercial real estate market. Details on the specific timeline and final design plans are expected to be released in the coming weeks.

In other CRE activity, Gillett Commercial and Citadel Partners have joined forces for a new development in Allen. The partnership will focus on a mixed-use project designed to capitalize on the city's growing residential and retail demand. Meanwhile, Newmark has successfully led a federal office sale, moving a government-leased property to new ownership in a deal that underscores continued investor appetite for stable, government-backed assets. On the financing front, JLL has secured a staggering $40 billion in capital for various projects, marking one of the largest financing rounds in recent memory. The funds will support a range of commercial developments across multiple sectors, including office, industrial, and multifamily. These updates highlight a busy period for dealmaking, with major players actively repositioning assets and securing capital in a shifting market.