Dallas
USAA Real Estate, Red Tail Acquisitions Increase Dallas-Fort Worth Industrial Portfolios
USAA Real Estate Company has just completed the acquisition of a Class A bulk distribution portfolio, comprising I-85, a 744,000 square-foot warehouse, and the 758,922 square-foot Dalport Trade Center. The former is located in Union City, Georgia, while the latter is in Wilmer, Texas within the South Dallas submarket.
Dallas-Based Corgan Chosen as Lead Architect for Toyota’s Plano HQ
In April, 2014, Plano rejoiced at the news that Toyota has selected the city for its North American headquarters. For the city, this would entail a $300 million investment on Toyota’s part and an influx of approximately 4,000 jobs. At the time, there were two important questions regarding the project: who will be the developer and who will be the architect of the 1-1.5 million-square-foot campus.
$80M Hilton Dallas/Plano Granite Park Hotel Opens in Texas
The $80 million Hilton Hotels & Resorts property brings 299 guest rooms to the 90-acre mixed-use locale in Plano.
Barclays Picks Metro Dallas Office Park for U.S. Tech Center
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas.
Dallas Cowboys Break Ground on New Frisco HQs
In August, 2013, the City of Frisco and the Frisco Independent School District announced a partnership with the Dallas Cowboys for a mixed-use development that would incorporate Dallas Cowboys’ new headquarters and training grounds in Frisco.
Frisco Square Set to be Home to New Luxury Community
In a joint venture, Behringer and PegasusAblon announced the development of The Ablon at Frisco Square, a 275-unit luxury, multifamily community that will be located in Frisco Square. The asset will be developed by PegasusAblon, the joint venture’s general partner.
Hines Acquires Chesapeake Plaza in Fort Worth
Hines announced that it recently entered the Fort Worth Market with the acquisition of Chesapeake Plaza, a 409,977-square-foot, 20-story, Class A office building. The financial terms of the transaction were not disclosed.
KDC, JLB Partners Break Ground on Apartment Communities in CityLine
KDC and JLB Partners recently announced that they broke ground on the development of two apartment communities that will be appended to CityLine, the impressive 186-acre, mixed-use development in Richardson. Totaling at 532 units, the two assets will front Plano Road and will be within walking distance of the four office towers leased by State Farm.
HFF Arranges Construction Loan, JV Equity for $225M Development of McKinney & Olive
HFF recently announced that it arranged the construction loan and joint venture equity investment for the development of McKinney & Olive, the $225 million, 530,000-square-foot project. Currently under construction, the tower was designed by renowned architectural firm Pelli Clarke Pelli and has been described by press as being “sexy”.
KPMG Centre to Gain High-Tech Transplants from San Diego
Omnitracs and ACTIVE Networks, two companies owned by Vista Equity Partners, a San Francisco-based private equity firm, recently announced their plan of relocating their HQ from San Diego to Dallas.