Dallas
L’Oréal Enters Dallas Market with Massive Distribution Center
By Camelia Bulea, Associate Editor The world’s largest cosmetics, beauty and hair-care company, The L’Oréal Group, is reportedly planning to build a 513,000-square-foot regional distribution hub in southern Dallas County. Such a project would add a lot of value to south Dallas, where development has been a top priority for Mayor Mike Rawlings, the creator […]
Ranch at Ridgeview, Pecan Square Apartments Change Hands
By Camelia Bulea, Associate Editor Ohio-based Connor Group recently announced the sale of the Ranch at Ridgeview in Plano, marking the fourth deal the company has completed in the past six months. The property was sold to investor Caf Rar Spe L.L.C. of Frisco. Terms of the sale were not disclosed. Connor Group owned the […]
GE to Open Fort Worth Plants in Fourth Quarter
By Camelia Bulea, Associate Editor GE Transportation has invested $190 million to build two locomotive and mining equipment plants in Fort Worth, with plans to open them in the fourth quarter of this year. According to the Star-Telegram, the company announced in May that it would spend about $96 million to convert and expand an […]
Simon Breaks Ground on Phase II of Firewheel Town Center
By Camelia Bulea, Associate Editor Shopping center giant Simon Property Group Inc., developer of the 1 million-square-foot Firewheel Town Center in Garland, started the second phase of the mixed-use project. The phase, called Parkside, will include 281 apartment units, according to the Dallas Business Journal. The multifamily project is expected to be completed in December of […]
Transwestern, State Farm Buy 380,000-SF Plano Office Building
By Camelia Bulea, Associate Editor Transwestern Investment Management partnered with State Farm Life Insurance Co. to purchase an approximately 379,404-square-foot Class A office building located in Plano. 5320 Legacy Drive is one of three buildings in The Campus at Legacy, which was recently redeveloped to earn Leadership in Energy and Environmental Design (LEED®) certification from […]
Colliers Wins 1.4 MSF Galleria Office Towers Lease Assignment
By Camelia Bulea, Associate Editor The high-profile Galleria Office Towers on the LBJ Freeway have a new marketing and leasing representative. As of July 30, a leasing team from Colliers International’s Dallas office was awarded the leasing assignment for the three-building complex, which totals 1.4 million square feet of office space. The office property has […]
1400 Hi Line Glass Tower Opens Half Leased
By Camelia Bulea, Associate Editor 1400 Hi Line – a glass tower in the Dallas Design District – opened with half of its available apartments leased: 57 of the 110 luxury apartments built out on the lower 10 floors. The tower opened on July 2, 18 months after it broke ground. The 24-story tower will […]
Developers Add 576 New Apartment Units to DFW Area
By Camelia Bulea, Associate Editor It appears that the Dallas – Fort Worth area is hungry for new apartments, as two new multifamily projects will add to the local housing stock: a 258-unit project in Downtown Dallas and a 318-unit apartment community in North Fort Worth. The Dallas residential project is a redevelopment of the […]
Dallas Questions: Is RockBridge Buying the Adolphus Hotel? And Will The Colonnade Sale Set a Record?
The Adolphus Hotel in Downtown Dallas could celebrate its 100th birthday with a new owner.
According to the Dallas Morning News, Ohio-based hotel RockBridge Capital is interested in buying the 20-story landmark. As the hotel was last renovated in 1980 for $45 million, the investor would need to make some improvements to the 440-room building. The hospitality property is currently owned by a Boston partnership that has controlled the property since early this year.
Investors Shop for Medical Office Buildings in DFW
By Camelia Bulea, Associate Editor Two investors recently purchased medical office properties in the Dallas-Fort Worth Metroplex. American Realty Capital Healthcare Trust Inc. bought two medical office buildings in the North Texas markets of Arlington and Sunnyvale, while commercial real estate investment fund Velocis and its investors have purchased Magnolia Medical Tower, an 89,727-square-foot medical office building formerly […]