Dallas
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.
Investor Buys Meridian Tower, Picks Stream Realty for Leasing and Management
The Meridian Tower, a 228,500-square-foot Class A office building off the LBJ Freeway, was recently purchased by a private investment group. 2711 LBJ Partners, a subsidiary of DFW Integrity Group Ltd., plans to upgrade the office building with the addition of modern office suites and tenant conference rooms, as well as providing enhancements to the common areas. The building was developed in 1984.