Liviu Oltean
Ridge Development Plans Industrial Park for N. Fort Worth
Ridge Development, the development arm of Transwestern Development Co., recently announced plans to develop Railhead Industrial Park, a 642,000-square-foot, dual rail-served industrial park. The project will be developed in two phases on a 47-acre tract in north Fort Worth.
Up-and-coming Real Estate Firm Acquires Apartment Community in Memphis
An affiliate belonging to Michigan-based ROCO Real Estate recently acquired The Woods at Ridgeway Apartment Homes for $18.5 million. The Woods at Ridgeway is a 260-unit apartment community located at 6277 Lake Arbor Drive in Memphis, TN.
Ashford Hospitality, HFF Reveal Details of Marriott Financing
By Liviu Oltean, Associate Editor Marriott Memphis East A month after Ashford Hospitality Trust Inc. closed on the $43.5 million purchase of the Marriott Memphis East Hotel, the REIT and its advisor, HFF, have revealed details of the acquisition financing. Dallas-based Ashford reported in late March that it had obtained a $33.3 million floating-rate mortgage pegged […]
Laurus Corp. Acquires Scottsdale’s Canyon Village
Laurus Corp., an affiliate of real estate private equity firm Ethika Investments, L.L.C., recently acquired the Canyon Village office park in Scottsdale for an undisclosed amount. Canyon Village is a four-building, 93,890-square-foot office complex in the DC Ranch mixed-use neighborhood center. It features in addition to office components, various retailers and restaurants.
Urban Land Institute Unveils Vision for NRG Astrodome
The future of Houston’s NRG Astrodome remains unclear, but strides are being made towards the repositioning of the Astrodome as a multi-use park. The Urban Land Institute (ULI) recently released a report that argues for the conversion of the stadium into a multi-use park that would enhance the quality of life for residents and serve as a tourist attraction.
Stream Realty-Clarion JV Breaks Ground for 940K SF Industrial Project
More than 940,000 square feet of industrial space will be added to the Dallas real estate market in Q4 2015. Stream Realty Partners along with Clarion Partners recently broke ground for Northport 35 Business Center, a three-building industrial project in Northlake, TX.
Market Snapshot: Dallas-Fort Worth’s Shopaholics Boost RE
Dallas-Fort Worth Metroplex had a very good decade in retail.
Resource Real Estate Acquires Gilbert Asset
Resource Real Estate Opportunity REIT, Inc., a non-traded real estate investment trust focused on distressed properties, recently announced the acquisition of the Springs at Gilbert Meadows Apartments, a 459-unit apartment community in Gilbert, AZ. Financial terms of the deal have not been disclosed.
Market Snapshot: DFW’s Multi-Family Market Sizzles
The Dallas-Fort Worth Metroplex area is a popular place to live.
Tanger Outlets Memphis Mall Announces Partial Tenant Roster
By Liviu Oltean, Associate Editor City and state officials along with Tanger Factory and Poag Shopping Centers representatives participated last week at the groundbreaking ceremony for the previously announced Tanger Outlets Memphis mall. During the ceremony, the first 10 tenants were announced: White House Black Market, Guess Factory Outlet, Ann Taylor, American Eagle, Chico’s, Under […]