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Dylan, Pradera Apartment Communities Change Owners

Dylan, Pradera Apartment Communities Change Owners

By Georgiana Mihaila, Associate Editor The Dylan apartment community in Oak Lawn saw a change in ownership with the purchase by a joint venture of California-based Canyon Capital Realty Advisors and an affiliate of Magic Johnson Enterprises. The 125-unit property, located [...]…

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New Owner for Landmark Interurban Building; House of Blues to Follow

New Owner for Landmark Interurban Building; House of Blues to Follow

By Georgiana Mihaila, Associate Editor This month’s Dallas County foreclosure auction brought a new owner for the downtown landmark Interurban Building. A California investor affiliated with Bridge Partners paid $11.5 million for the 95-year-old red brick building. Constructed in 1916, the [...]…

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RioCan Trust, Bianco Properties Acquire Dallas-Area Shopping Centers

RioCan Trust, Bianco Properties Acquire Dallas-Area Shopping Centers

By Georgiana Mihaila, Associate Editor After partnering with Inland Western in order to buy Houston property Sawyer Heights Village, Toronto-based RioCan Real Estate Investment Trust is now eyeing the Dallas area. The companies acquired Arlington’s Lincoln Square shopping center, the 444,500-square-foot [...]…

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Hamilton Properties Plans Makeover for Downtown Landmark Complex

Hamilton Properties Plans Makeover for Downtown Landmark Complex

By Georgiana Mihaila, Associate Editor As part of its ambitious plan to redevelop downtown Dallas, Hamilton Properties has taken on the most challenging project yet. The development company plans on converting the vacant Lone Star Gas complex into rental housing. Hamilton [...]…

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Alliance Residential Answers Apartment Demand with New Multi-family Complexes

Alliance Residential Answers Apartment Demand with New Multi-family Complexes

By Georgiana Mihaila, Associate Editor Due to a sharp comeback of job growth in the Dallas-Fort Worth area and a notable lack of first-time home buyers, the Metroplex was pushed to the top of the list of U.S. rental markets in [...]…

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MetLife Eyes Citigroup Campus; Oak Properties Buys Garfield Mixed-Use from USAA

MetLife Eyes Citigroup Campus; Oak Properties Buys Garfield Mixed-Use from USAA

By Georgiana Mihaila, Associate Editor Once the largest corporate facility to get built in the Dallas suburbs, Citigroup’s campus, part of Las Colinas, might soon see a change of owners. According to local real estate brokers and economic development officials, MetLife [...]…

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New Medical Facilities to Open in DFW Metroplex

New Medical Facilities to Open in DFW Metroplex

By Georgiana Mihaila, Associate Editor On Wednesday, June 22, the Metrolex’s Southlake submarket will become home to a new medical complex. The $21 million Southlake Specialty Care Center is designed to offer outpatient pediatric specialties, lab services and physical rehabilitation. The 34,000-square-foot [...]…

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Buyers, Redevelopers Stir Up Residential Market

Buyers, Redevelopers Stir Up Residential Market

By Georgiana Mihaila, Associate Editor While commercial real estate news usually predominates in the Dallas area, during the past week the residential market has seen a fair amount of changes. The McCallum Crossing apartment complex in North Dallas sold to California-based [...]…

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Dallas Transactions Leave a Mark

Dallas Transactions Leave a Mark

By Georgiana Mihaila, Associate Editor In one of the biggest recent purchases within the Dallas area, New York-based Praedium Group, in collaboration with Mike Ochstein, president of Price Realty Group, has acquired the 362-unit Hidden Creek Apartments at 1200 College Parkway, [...]…

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DFW Office Buildings Change Hands

DFW Office Buildings Change Hands

By Georgiana Mihaila, Associate Editor Notably, the biggest acquisition reported this past week was the former Nortel Network Corp. campus at 2201-2221 Lakeside Blvd. in Richardson’s Telecom Corridor. Bought out of foreclosure, it traded for just $43.1 million. Buyer Pillar Commercial plans [...]…

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Unique DFW Mixed-Use Project Sets Sail

Unique DFW Mixed-Use Project Sets Sail

By Georgiana Mihaila, Associate Editor Arlington’s mixed-use, master-planned community Viridian was finally launched this week. The highly ambitious project–set on becoming one of the country’s largest developments of its kind–was first announced three years ago. Located just west of State Highway 360 [...]…

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Residences Proliferate in DFW Suburbs

Residences Proliferate in DFW Suburbs

By Georgiana Mihaila, Associate Editor Residents will soon have multiple new options in the Dallas-Fort Worth metro area, thanks to a number of multi-family development projects. One hundred ninety-four acres of raw land near Dallas-Fort Worth International Airport were purchased following a [...]…

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