South
Fund Snaps Up 725,000 SF of Premier Dallas Office Space
The CBRE Strategic Partners U.S. Value 5 fund, a commingled private equity real estate fund sponsored by Los Angeles-headquartered CB Richard Ellis Investors, has purchased the three-building Preston Commons and Sterling Plaza from Chicago-based real estate investment firm Capri Capital Partners L.L.C.
Former Seville Beach Hotel in Miami Sells for $57.5M and Preps for Ian Schrager Makeover
Located at 2901 Collins Avenue, the Seville is a 12-story building that originally opened its doors in 1955. The sellers had acquired the hotel in 2005 for $25 million and joined forces with the Ritz-Carlton Hotel Company L.L.C. in a plan to convert the property into a three-building Ritz-Carlton Club & Residences with fractional- and whole-ownership units. The project never reached fruition. Now a different set of plans is in store.
KBS Scores 400,100-SF Dallas Cowboys Distribution Center
Carrying the address of 2500 Regent Blvd., the Dallas Cowboys Distribution Center occupies a 22-acre parcel within the 500-acre Dallas Fort Worth International Commerce Park, a master-planned business park development endeavor spearheaded by Dallas-Fort Worth International Airport.
Comcast Moves into New 106,253 SF Digs
Comcast will occupy floors one, two, three and five at Deerwood, which totals out to 80 percent of the building’s space.
HFF Nails Down $23M for AMLI at Bryan Place
The 420-unit, Class A multi-housing community was completed in 1999 and features one-, two- and three-bedroom units.
FedEx Takes 146,792 SF in Houston
KDC has leased the space to the express shipping services company, which will relocate 250 employees to the 50-acre center beginning Oct. 1.
VA Breaks Ground on New Orleans Hospital Designed for Future Katrinas
Five years after Hurricane Katrina, New Orleans is still reeling from the devastation wrought by the disaster, but a massive federal project aims to make a major contribution to the recovery.
Regency Names Johnston SVP of General Counsel
Johnston will be responsible for leading and directing nationwide legal activities with in-house staff and outside counsel, along with advising management on matters including legal rights, obligations and risks for real estate transactions, wide-ranging company matters, and general corporate compliance. She will also serve as corporate secretary for the company’s board of directors.
Crescent Emerges from Bankruptcy, Putting $1B in Debt in the Past
The Charlotte, N.C.-based real estate development and land management company has just wrapped up its financial restructuring and emerged from Chapter 11, almost exactly one year after having filed for bankruptcy.