Dallas
HFF Arranges Construction Loan, JV Equity for $225M Development of McKinney & Olive
HFF recently announced that it arranged the construction loan and joint venture equity investment for the development of McKinney & Olive, the $225 million, 530,000-square-foot project. Currently under construction, the tower was designed by renowned architectural firm Pelli Clarke Pelli and has been described by press as being “sexy”.
KPMG Centre to Gain High-Tech Transplants from San Diego
Omnitracs and ACTIVE Networks, two companies owned by Vista Equity Partners, a San Francisco-based private equity firm, recently announced their plan of relocating their HQ from San Diego to Dallas.
Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza
Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States.
Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center
Lone Star Funds, LP, a Dallas-based private equity firm, recently purchased the four-story Lakecrest III office building for $6.9 million, according to the Memphis Business Journal. Acquired from Management & Research LLC, the office building spans across 130,593 square feet, from which, 48,000 square feet aren’t leased.
Executive Spotlight: Josh Champion, Carroll Organization
Since joining the Carroll Organization three years ago, Josh Champion has dived headfirst into the task of growing its multi-family investment portfolio, now valued at more than $1 billion.
Presidium Group Acquires Sentinel Pointe in San Antonio, Quarters in Dallas
Presidium Group, LLC continues its series of investments in the state of Texas. Recently the company announced the acquisition of two additional residential communities in the state of Texas – Sentinel Pointe, a 91-unit apartment complex located in midtown San Antonio, and Quarters, a 208-unit property in Dallas.
Tradition Senior Living Expands Prestonwood Property with Assisted Living, Memory Care
North Dallas will be home to a new four-story assisted living and memory care building through the initiative of Tradition Senior Living, LP. The new project represents an expansion to the current Tradition-Prestonwood, which opened in 2010, and it entails the development of 75 assisted living and 38 memory care apartments.
Goddard Acquires 1.2 MSF Office Tower in Dallas
Atlanta-based Goddard Investment Group has added to its Texas holdings with the acquisition of Fountain Place, a 58-story trophy tower that is one of the tallest buildings in downtown Dallas.
Virtus Grabs 2 Dallas-Based M-F Housing Communities
To serve the growing Hispanic community in the area, Virtus Real Estate Capital has bought a portfolio of two multi-family housing properties in Dallas.
Hines Unveils Design of New Office Tower in Victory Park
Hines plans to add a new 23-story office tower to Dallas’s vibrant Victory Park district. Located in the heart of Dallas at the intersection of Interstate 35, the Dallas North Tollway and Woodall Rodgers Freeway, Victory Park is home to over 1,000 residences,
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