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KPMG Centre, Valley View Posted for Foreclosure Auctions

KPMG Centre, Valley View Posted for Foreclosure Auctions

By Camelia Bulea, Associate Editor The 34-story KPMG Center in downtown Dallas (pictured at right) and Valley View Center, a 1.6 million-square-foot retail property, have been posted for foreclosure auctions. According to the Dallas Business Journal, KPMG Center has $64 million in listed debt, even though it is appraised at…

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JLL Selected to Lease Two Uptown Buildings

JLL Selected to Lease Two Uptown Buildings

By Camelia Bulea, Associate Editor Jones Lang LaSalle Inc. has been selected by Caddo Holdings L.L.C. to lease a 171,956-square-foot office-and-retail portfolio in Uptown Dallas. The portfolio includes 75,956 square feet at 3400 Carlisle St. and 96,000 square feet at 2811 McKinney Ave., according to Citybizlist.com. The two properties, along…

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Plano Retail Sites Trade; Trammell Crow Plans Furniture Store Redevelopment

Plano Retail Sites Trade; Trammell Crow Plans Furniture Store Redevelopment

By Camelia Bulea, Associate Editor Trammell Crow Co. reportedly has plans to redevelop the former Robb & Stucky Furniture retail site, at the southeast corner of the Dallas North Tollway and Legacy Drive, and transform it into two Class A office towers. The towers will together total between 400,000 and 500,000…

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CHRISTUS Health, Auto Parts Distribution Land Major Leases

CHRISTUS Health, Auto Parts Distribution Land Major Leases

By Camelia Bulea, Associate Editor CHRISTUS Health has chosen a new headquarters in the Las Colinas business park in Irving, where the company will move its 1,000 employees starting this summer. The 210,000 square feet of office space, called One Macarthur Ridge, is considered to be the perfect facility for…

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Isle at Watermere Sells, Turtle Creek Village Listed

Isle at Watermere Sells, Turtle Creek Village Listed

By Camelia Bulea, Associate Editor The Isle of Watermere in Southlake – a 67-acre development – was recently sold to a Chicago-based real estate investment partnership, along with an adjacent three-acre site, for a total of $50 million, according to the Dallas Business Journal. The property includes 66 assisted-living units and 26 memory-care…

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Granite Buys Class A Office Property in Uptown Dallas

Granite Buys Class A Office Property in Uptown Dallas

By Camelia Bulea, Associate Editor Granite Properties recently made an important acquisition in Uptown Dallas, with the purchase of Cedar Maple Plaza, an office property comprising three Class A buildings. The 120,000-square-foot property, built in 1985, is located across from the city’s Crescent Hotel. The firm plans to continue common-area improvements started…

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Dallas Celebrates Inauguration of The Calatrava Bridge

Dallas Celebrates Inauguration of The Calatrava Bridge

By Camelia Bulea, Associate Editor Designed by Santiago Calatrava, the bridge that crosses the Trinity River in Dallas was recently welcomed by Dallasites with an opening party with thousands of participants. The Margaret Hunt Hill Bridge, named after a local philanthropist who donated $12 million to the new project, cost $182 million…

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Luxury Condos, Class A Office Tower Planned for Uptown Dallas

Luxury Condos, Class A Office Tower Planned for Uptown Dallas

By Camelia Bulea, Associate Editor KDC announced plans to develop a 400,000-square-foot office tower in Victory Park. The developer formed a joint venture with Orlando-based Estein & Associates USA Ltd. for construction of the Class A tower in Uptown Dallas. The project [...]…

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$1B Growth Plan for South Dallas

$1B Growth Plan for South Dallas

By Camelia Bulea, Associate Editor “Plan for Growth in Southern Dallas,” a program newly revealed by Mayor Mike Rawlings, could lead to projects worth $1 billion for the 169 square miles of South Dallas. As it represents a large part of Dallas, [...]…

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Behringer Harvard, Hillwood Add High-End M-F Phases

Behringer Harvard, Hillwood Add High-End M-F Phases

By Camelia Bulea, Associate Editor The second phase of the Allegro II residential development has recently broken ground. Behringer Harvard, the developer of the luxury apartment community, bought the housing community in December 2010. The second phase will be adjacent to the [...]…

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FAA to Build $160M HQ; Hines-JP Morgan Venture Buys Computer Associates Building

FAA to Build $160M HQ; Hines-JP Morgan Venture Buys Computer Associates Building

By Camelia Bulea, Associate Editor The Federal Aviation Administration plans a $160 million build-to-suit project in Dallas for its southwest regional headquarters. One of the largest government real estate projects in the United States this year, the 357,214-square-foot structure will be built on [...]…

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Bell Helicopter Expands at DFW; Stoneleigh to Become First Texas Luxe

Bell Helicopter Expands at DFW; Stoneleigh to Become First Texas Luxe

By Camelia Bulea, Associate Editor The Fort Worth City Council recently approved a tax abatement that will not only keep Bell Helicopter Textron in Fort Worth but has also approved the expansion of its headquarters and facilities in the area. According to [...]…

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