Dallas
Piedmont Office Realty Trades Properties in Dallas
Atlanta-based Piedmont Office Realty Trust recently completed two Dallas-area transactions consisting of the acquisition of Park Place on Turtle Creek and the sale of 3900 Dallas Parkway.
Stream Realty Prepares to Break Ground on Irving Office Project
Dallas-based Stream Realty Partners will soon start work on Connection Park, a two-building office project in Irving, Texas. Located near the Dallas/Fort Worth Airport and other major thoroughfares, the project will be developed in two phases.
Wood Partners Makes Progress on Luxury Apartment Community in Downtown Dallas
Atlanta-based Wood Partners recently started work on the development of Alta Farmers Market, a 313-unit apartment community in downtown Dallas. The developers expect to complete the project sometime in late 2015.
New Westin Hotel to Anchor Iconic One Main Place Building
Starwood Hotels & Resorts Worldwide and New Orleans-based KFK Group (KFK) recently made public plans to open a new, 323-key Westin hotel in the iconic One Main Place building. The hotel is part of an adaptive re-use project that will add hospitality and retail components to the iconic office building.
Berkshire Group Picks Up 325-Unit Aura Medical District in Dallas
Berkshire Group, a Boston-based real estate investment management company, just expanded its footprint in Dallas through the acquisition of Aura Medical District, a newly constructed, 325-unit apartment community.
NewcrestImage Breaks Ground on New Hyatt House Hotel in Frisco
NewcrestImage recently broke ground for the development of a new, extended stay hotel in Frisco. Dubbed Hyatt House Frisco, the project is the first new-build Hyatt House Hotel in Texas. Located at 2875 Parkwood Blvd., the asset is within walking distance of the Frisco Conference Center, the Dr. Pepper Ballpark, Dr. Pepper Arena, the Stonebriar Centre mall and less than a mile from the future practice facility of the Dallas Cowboys.
Hines, AEW Capital Management JV Closes on Parc 114
A joint venture formed by Houston-based Hines and AEW Capital Management recently closed on Parc 114, a master-planned, business park in Irving. The acquisition entailed six industrial buildings that total at 404,777 square feet and an 18.5-acre plot that could accommodate up to 191,262 square feet.
HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas
KBS Realty Advisors recently increased its Dallas footprint through the acquisition of 3811 Turtle Creek, a 296,000-squre-foot, Class A office tower in Uptown. The deal was brokered by HFF, which acted on behalf of the seller, MetLife Real Estate Investors. The HFF team also helped with obtaining financing for the new owners, having secured a seven-year, 3.55 percent, fixed-rate loan through a life insurance company.
Pillar Commercial, Original Capital Partners Acquire Collins Square in Richardson
A joint venture between Pillar Commercial and Original Capital Partners recently closed on Collins Square, a 4-story, 213,864-square-foot office building located in the Telecom Corridor in Richardson. The deal was announced by CBRE Capital Markets, which represented the seller, StremCo.
Urbana Varro Acquires 311-Room Sheraton Arlington Hotel
Urbana Varro, a Dallas-based commercial real estate investment, development and management firm, recently announced the acquisition of the full-service, 311-room Sheraton Arlington Hotel in Arlington, Texas. The asset, which was acquired for an undisclosed amount, is located near the Arlington Convention Center, the AT&T Stadium and Globe Life Park.