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MEPT Acquires 218-Unit Apartment Tower in Uptown Dallas

MEPT Acquires 218-Unit Apartment Tower in Uptown Dallas

Multi-Employer Property Trust (MEPT) recently announced the purchase of Mondrian Cityplace, a 218-unit apartment community in Uptown Dallas. The acquisition represents an important asset in MEPT’s portfolio, as it strives to increase its allocation in the apartment sector. The property is located in Uptown Dallas, one of the strongest rental…

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Behringer Harvard Invests in Luxury Multifamily Project in Allen

Behringer Harvard Invests in Luxury Multifamily Project in Allen

Behringer Harvard announced that it has invested in a 444-unit luxury community through its subsidiary Behringer Harvard Multifamily REIT I Inc. The $50 million project is being built in Allen, a suburb approximately 20 miles north of Dallas.…

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L’Oréal Enters Dallas Market with Massive Distribution Center

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…

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Ranch at Ridgeview, Pecan Square Apartments Change Hands

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…

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GE to Open Fort Worth Plants in Fourth Quarter

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…

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Simon Breaks Ground on Phase II of Firewheel Town Center

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…

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Transwestern, State Farm Buy 380,000-SF Plano Office Building

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…

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Colliers Wins 1.4 MSF Galleria Office Towers Lease Assignment

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…

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1400 Hi Line Glass Tower Opens Half Leased

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…

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Developers Add 576 New Apartment Units to DFW Area

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…

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Dallas Questions: Is RockBridge Buying the Adolphus Hotel? And Will The Colonnade Sale Set a Record?

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…

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Investors Shop for Medical Office Buildings in DFW

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…

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