Dallas
Long-Empty 1600 Pacific Tower May Be Redeveloped
1600 Pacific Tower in downtown Dallas, a 33-story skyscraper that has been empty for years, could change hands this summer. Current owner, Ricchi Dallas Investments is expected to sell the partially renovated property to New Orleans-based HRI Properties, which is considered to be one of the most experienced historic building renovators in the country.
Chambers Street Taps Cassidy Turley to Manage 1 MSF Office Portfolio
Cassidy Turley will be managing nearly 1 million square feet of office properties owned by Chambers Street Properties in Dallas, Houston, Columbus, Ohio, and Raleigh, N.C.
Victory Healthcare to Build $51M Hospital in Fort Worth
Victory Healthcare recently announced it would build a new hospital in Fort Worth, at the corner of South Main Street and Pennsylvania Avenue. Sitting on a 6.5-acre site, the $51 million medical center will include an 85,000-square-foot medical facility and 50,000-square-foot medical office building.
Hall Financial Breaks Ground on 200,000-SF Office Building in Frisco
Due to the high demand for multi-tenant office space in Frisco, Hall Financial Group has recently broken ground on the 16th office building in Hall Office Park. The 200,000-square-foot Class AA office building will be built on one of the two remaining development sites in the 162-acre office park.
CT Realty, Xebec Buy 530 Acres for 9 MSF Dallas Industrial Complex
CT Realty Investors and Xebec Realty Partners have big plans in Dallas–big multimillion-square-foot plans.
Adriatica Village Apartment Community in McKinney Receives $25M Loan
Developers plan to break ground on a new 211-unit apartment community in Adriatica Village, a European-inspired mixed-use town center development in McKinney, after having received $24.9 million for construction works.
Forest Park Medical Center Starts Construction on $140M Physician-Owned Hospital
Forest Park Medical Center has started construction on its fourth hospital in the Metroplex, a 150,000-square-foot facility that is being built in southwest Fort Worth. The $140 million medical center will sit on an 8-acre site in the Edwards Ranch development.
HFF Brokers 1.7 MSF Industrial Portfolio
Irving-based Cobalt Capital Partners has placed a large industrial portfolio on the market recently — more exactly 15 distribution properties totaling 1.65 million square feet. The equity firm named HFF to market for sale the large industrial portfolio, located in Dallas’ infill submarkets.
Harwood to Bring High-End Residential, Retail to Design District
Harwood International will soon break ground on a new major development at Oak Lawn Avenue and Dragon Street, in the growing Design District neighborhood. The Dallas-based developer plans to build a high-end project that will feature 46,000 square feet of restaurant and shopping space on the ground level, with 224 apartments on top.
New York Investor Snaps Up 124040 Park Central
12404 Park Central, a 239,000-square-foot office building near North Central Expressway and LBJ Freeway was recently purchased by Red River Asset Management LLC, a New York-based investor. he four-story property was sold by Oaktree Capital for $15.4 million. The property was bought with a loan made by American National Insurance Co.