Dallas

For more than 25 years, The Crescent in Uptown Dallas has been making history. And that history is about to become even more complex seeing as Crescent Property Services LLC recently announced a $30 million renovation for the complex, with the goal to transform the iconic complex into a gathering space for the upscale neighborhood.

Omni Hotels & Resorts has teamed up with the Dallas Cowboys for the development of a new hotel in Frisco. To be located at the future site of the Cowboys World Headquarters, the Omni Frisco Hotel will feature 300 guest rooms, a meeting space, a ballroom and an indoor pool deck.

The Urban Land Institute (ULI) recently announced that Dallas’ Klyde Warren Park has been selected as the winner of the 2014 ULI Urban Open Space Award. The award recognizes large- and small-scale projects that have improved and enriched the economy of their communities.

Bell Partners Inc., the nation’s 7th largest apartment renovator and 12th largest apartment operator, recently announced that it closed on behalf of its investors on Lancaster and White Buffalo, a 316-unit community in Fort Worth. According to the company’s official statement, the community will be managed by them and it will be renamed as Bell Lancaster.

Brookwood Financial Partners, a real estate investment and asset management company, announced that it has closed on two office assets in the Urban Center of the Las Colinas submarket in Dallas – 125 East John Carpenter Freeway and 5100 North O’Connor Boulevard.

HFF recently announced that it helped close on Eldorado Market Place, a 162,331-square-foot retail center in Frisco. HFF represented the seller, WD Eldorado & Tollway, LP, an affiliate of Duggan Realty Advisors, LLC and Waitt Investments.

HFF recently announced that it helped close the sale of four Class A office properties in Galatyn Park in Richardson for an undisclosed amount. Totaling at 800,000 square feet, the office buildings represent one of the largest blocks of Class A office space in the Dallas-Fort Worth area. They were acquired by Spear Street Capital.

Invest Group Overseas (IGO), a Dubai-based development company, recently made public its plan to develop The Gate, a $700 million luxury, mixed-use project in Frisco. Entailing the company’s first project in the State of Texas, the Dubai developer is renowned for large-scale projects such as the Al Thuraia Towers or The Eight Gate near the city of Damascus.

Southern Methodist University recently broke ground for Harold Clark Simmons Hall, a three-story, 40,000-square-foot academic building. Located along Airline Drive, the new unit will house various programs and departments.