Camelia Bulea
Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.
MEPT Acquires 218-Unit Apartment Tower in Uptown Dallas
Multi-Employer Property Trust (MEPT) recently announced the purchase of Mondrian Cityplace, a 218-unit apartment community in Uptown Dallas. The acquisition represents an important asset in MEPT’s portfolio, as it strives to increase its allocation in the apartment sector. The property is located in Uptown Dallas, one of the strongest rental markets in the United States.
Behringer Harvard Invests in Luxury Multifamily Project in Allen
Behringer Harvard announced that it has invested in a 444-unit luxury community through its subsidiary Behringer Harvard Multifamily REIT I Inc. The $50 million project is being built in Allen, a suburb approximately 20 miles north of Dallas.
M&G Finalizes Land Purchase for PET, PTA Plants in Corpus Christi
Italy-based M&G Group has purchased land in Corpus Christi on which to build the world’s largest integrated polyethylene terephthalate (PET) plant.
$52M Student Housing Project Given Name: Roosevelt Point
A $52 million student housing project in downtown Phoenix got two major boosts a week ago. Six months after it broke ground, the project finally has a name: Roosevelt Point.
L’Oréal Enters Dallas Market with Massive Distribution Center
By Camelia Bulea, Associate Editor The world’s largest cosmetics, beauty and hair-care company, The L’Oréal Group, is reportedly planning to build a 513,000-square-foot regional distribution hub in southern Dallas County. Such a project would add a lot of value to south Dallas, where development has been a top priority for Mayor Mike Rawlings, the creator […]
Ranch at Ridgeview, Pecan Square Apartments Change Hands
By Camelia Bulea, Associate Editor Ohio-based Connor Group recently announced the sale of the Ranch at Ridgeview in Plano, marking the fourth deal the company has completed in the past six months. The property was sold to investor Caf Rar Spe L.L.C. of Frisco. Terms of the sale were not disclosed. Connor Group owned the […]
Agua Caliente, World’s Largest Solar Plant, Hits Milestone
By Camelia Bulea, Associate Editor The Agua Caliente solar project—the world’s largest photovoltaic power plant currently in operation—has achieved 250 megawatts of grid-connected power out of a total capacity of 290 megawatts. Built by First Solar Inc. on a 2,400 acre-site between Yuma and Phoenix, the plant started operation in January, when it generated its first 30 […]
GE to Open Fort Worth Plants in Fourth Quarter
By Camelia Bulea, Associate Editor GE Transportation has invested $190 million to build two locomotive and mining equipment plants in Fort Worth, with plans to open them in the fourth quarter of this year. According to the Star-Telegram, the company announced in May that it would spend about $96 million to convert and expand an […]
Simon Breaks Ground on Phase II of Firewheel Town Center
By Camelia Bulea, Associate Editor Shopping center giant Simon Property Group Inc., developer of the 1 million-square-foot Firewheel Town Center in Garland, started the second phase of the mixed-use project. The phase, called Parkside, will include 281 apartment units, according to the Dallas Business Journal. The multifamily project is expected to be completed in December of […]
Shea Homes to deliver 250 homes at Johnson Ranch
By Camelia Bulea, Associate Editor In July, builders nationwide sold new homes at an annualized rate of 372,000, a 3.6 percent gain compared to the 360,000 sold in June and a year-over-year increase of 25.3 percent, according to the U.S. Census Bureau. The report, quoted byCNNMoney, states that existing home sales rose 2.6 percent in July […]