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JV Acquires 485,000-SF Timber Creek Retail Center for $82M

JV Acquires 485,000-SF Timber Creek Retail Center for $82M

By Camelia Bulea, Associate Editor Trammell Crow Co. has sold its recently completed Timber Creek Crossing, the first two-story Wal-Mart and Sam’s Club in Texas, for a reported $82 million, which could set a new record in the area as the [...]…

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MGHerring, Frisco Square Development Plan Retail, Mixed-Use Projects

MGHerring, Frisco Square Development Plan Retail, Mixed-Use Projects

By Camelia Bulea, Associate Editor A joint venture formed by The MGHerring Group and Cencor Realty Services recently completed the acquisition of the 765,000-square-foot Golden Triangle Mall in Denton. Plans call for redevelopment in early 2012. The Dallas Business Journal reports the estimated [...]…

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Retailer Plans $1.5B Commercial Complex in The Colony; Omni Dallas Hotel Inaugurated

Retailer Plans $1.5B Commercial Complex in The Colony; Omni Dallas Hotel Inaugurated

By Camelia Bulea, Associate Editor The Omaha-based furniture retailer Nebraska Furniture Mart Inc. is planning a $1.5 billion complex in The Colony, a suburb of Dallas. The complex will include a theme park, hotels and a 1.8 million-square-foot retail and distribution [...]…

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Home Depot Breaks Ground on Distribution Center; Hall Arts Center’s Future Still Unclear

Home Depot Breaks Ground on Distribution Center; Hall Arts Center’s Future Still Unclear

By Camelia Bulea, Associate Editor Three years after it was first slated for construction, Home Depot has broken ground on a 1.2 million-square-foot distribution center in South Dallas, expanding on an existing 531,000-square-foot facility. The $20 million distribution facility, which is expected [...]…

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FedEx Office Seeks Office Building

FedEx Office Seeks Office Building

By Camelia Bulea, Associate Editor FedEx Office is currently seeking proposals for an office facility, as its headquarter lease at 3 Galleria Tower on the Dallas North Tollway is about to expire. The company sent out requests to 12 developers for [...]…

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Courtyards at Normandy Phase I Complete

Courtyards at Normandy Phase I Complete

By Georgiana Mihaila, Associate Editor Developer Crescent Estates Custom Homes has completed the first phase of its luxury community The Courtyards at Normandy. Phases II and III are to follow, adding new landscaping, plantings and seasonal colors to the luxury community. Occupying [...]…

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Investors Snag 500-unit Apartment Complex, HFF Arranges Financing

Investors Snag 500-unit Apartment Complex, HFF Arranges Financing

By Georgiana Mihaila, Associate Editor The 500-unit Estancia at Ridgeview Ranch apartment complex in Plano traded hands this past week in a deal mediated by Holliday Fenoglio Fowler L.P. The buyers of the 23-building complex are The Praedium Group—a real estate [...]…

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Alliance Texas, Victory Park Projects to Add New Rental Units

Alliance Texas, Victory Park Projects to Add New Rental Units

By Georgiana Mihaila, Associate Editor Developer Hillwood Properties has recently announced plans to enrich its 17,000-acre Alliance Texas development by adding a second rental home project. The new 262-unit project will be adjacent to the original Monterra Village apartment complex, which opened [...]…

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J.P. Morgan Eyes Three Landmark Dallas Buildings in Major Deal

J.P. Morgan Eyes Three Landmark Dallas Buildings in Major Deal

By Georgiana Mihaila, Associate Editor J.P Morgan Asset Management could become the new owner of three landmark Dallas buildings if its current negotiations with Crescent Real Estate Holding L.L.C. go through. The investor is eyeing the 1.3 million-square-foot Crescent complex in [...]…

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New Apartments, Retail Underway on North Central Expressway

New Apartments, Retail Underway on North Central Expressway

By Georgiana Mihaila, Associate Editor Developers Inland American Communities Group and Hanover Co. are showing interest in the North Central Expressway area. Both are planning on adding a large number of apartments and retail space there. Inland American’s Cityville CityPlace has been [...]…

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AMLI Snags 285 Units in Galatyn Park

AMLI Snags 285 Units in Galatyn Park

By Georgiana Mihaila, Associate Editor Illinois-based AMLI Residential, one of the country’s largest apartment owners, has recently bought the 285-unit Venue complex in the Galatyn Park urban center on U.S. Highway 75. The high-profile community has been on the market for [...]…

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Dallas Office Towers Get New Owners, New Resolution

Dallas Office Towers Get New Owners, New Resolution

By Georgiana Mihaila, Associate Editor Granite Properties’ acquisition of a 12-story office tower in Uptown Dallas and the recent sale of the vacant 52-story Elm Place have held industry headlines this past week. The 12-story office tower at 3333 Lee Parkway in [...]…

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