Dallas
Developer Breaks Ground on Second Phase of 90-Acre Lewisville M-F Community
Huffines Communities, the developer of Hebron 121 Station multifamily community in Lewisville, announced it had broken ground on Phase Two of the 90-acre project. The company also provided a completion date for this phase – late summer of 2014.
New Luxury Apartment Tower Planned Near American Airlines Center
Trammel Crow Residential announced plans to build a luxury apartment project near the American Airlines Center. The high-rise would include 365 apartment units within a 12-story residential tower and a five-story building.
KBS Expands DFW portfolio with 19-Story Las Colinas Office Tower
KBS Real Estate Investment Trust III (KBS REIT III) started the year with a new acquisition in the Dallas – Fort Worth metroplex — the 364,366-square-foot Tower on Lake Carolyn building in the Las Colinas submarket — considered to be one of the fastest growing communities in the DFW area.
American Communities Grabs 515-Unit Dallas-Area M-F Property
American Communities, just eight months old, is wasting precious little time building up its metropolitan Dallas multi-family portfolio. The real estate company just acquired its fourth asset, the 500-unit Chaparral Creek apartment community in Irving, Texas.
JLL Nabs Dallas M-F Brokerage Firm
JLL has acquired The Apartment Group, a market-leading multi-family brokerage firm in Dallas.
Local Investors Purchase 190 KSF Building in Dallas’ Historic West End
A group of local investors headed by Slingshot Advertising CEO Owen Hannay has acquired 501 Elm Place, an approximately 190,000-square-foot landmark building in the heart of Dallas’ West End District, from a German investor group represented by International Capital.
JV to Develop $35M Apartment Community North of Dallas
Global Growth Trust has formed a joint venture with Hunt Realty Investments and Trinsic Residential Group to develop a Class A apartment community in Lewisville, about 25 miles north of downtown Dallas.
TDI to Build $50M Apartment Project in Las Colinas
Irving-based TDI announced plans to build a $50 million apartment complex in Las Colinas. Construction on the 386-unit building, known as Aston at Las Colinas, is expected to begin in March 2013, the company announced in a news release. he developer recently purchased 6.7 acres of land at Northwest Highway and Las Colinas Boulevard, which will serve as the construction site for the six-story residential tower.
KDC Moves Ahead on $1.5B M-U Project in Metro Dallas
Rezoning has been approved for Dallas-based KDC’s $1.5 billion, master-planned, mixed-use project in Richardson, Texas, clearing the way for the company to acquire the needed 186 acres of land and move forward with the development.
Joint Venture Recapitalizes 706,000-SF Watters Creek
A joint venture of Trademark Property Co., Coventry Real Estate Advisors, Southern Land Co. and PCCP have recapitalized Watters Creek, a 706,000-square-foot mixed-use project in Allen. The joint venture acquired the note from a multibank syndicate led by PNC Bank.