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Fort Worth, Richardson Office Complexes Sold

Fort Worth, Richardson Office Complexes Sold

By Camelia Bulea, Associate Editor The Dallas-Fort Worth Metroplex saw two recent office sales: Overton Centre, a 447,917-square-foot property in Fort Worth, was purchased by local real estate investor and developer TLCurban, while New York City-based real estate investment trust CapLease Inc. purchased a two-building office complex in Richardson. According to the…

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KPMG Centre Posted for Foreclosure–Again

KPMG Centre Posted for Foreclosure–Again

By Camelia Bulea, Associate Editor The 828,000-square-foot KPMG Centre (pictured at right) has been posted for the June foreclosure auction. The 34-story office tower is appraised at $44 million, according to data from the Addison-based Foreclosure Listing Service Inc. According to the Dallas Business Journal, this is not the first…

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Developer Breaks Ground on Cedar Creek Lake Luxury Community

Developer Breaks Ground on Cedar Creek Lake Luxury Community

By Camelia Bulea, Associate Editor Just 75 minutes from Downtown Dallas, there is a stretch of undeveloped land on Cedar Creek Lake that will not be undeveloped much longer. Dallas-based Long Cove Development has begun the first phase of Long Cove, a luxury community of single homes. According to a…

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Southlake Town Square Gets $60M in Financing for Expansion

Southlake Town Square Gets $60M in Financing for Expansion

By Camelia Bulea, Associate Editor Retail Properties of America Inc. has secured $60 million to expand the 840,288-square-foot Southlake Town Square. This represents the fifth phase for the master development, which will add 310,711 square feet to the mixed-use property. According to Citybizlist.com, Holliday Fenoglio Fowler L.P. arranged a five-year,…

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Irving Entertainment Center Project Gets New Web Site

Irving Entertainment Center Project Gets New Web Site

By Camelia Bulea, Associate Editor A new Web site has been launched for Irving residents. The goal is to provide updates on the planned Irving Entertainment Center (IEC) project, including copies of informational ads placed in the Irving Rambler, as well as other information of interest. According to Citybizlist.com, the…

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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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