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Joint Venture Recapitalizes 706,000-SF Watters Creek

Joint Venture Recapitalizes 706,000-SF Watters Creek

A joint venture of Trademark Property Co., Coventry Real Estate Advisors, Southern Land Co. and PCCP have recapitalized Watters Creek, a 706,000-square-foot mixed-use project in Allen. The joint venture acquired the note from a multibank syndicate led by PNC Bank.…

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Investor Buys Meridian Tower, Picks Stream Realty for Leasing and Management

Investor Buys Meridian Tower, Picks Stream Realty for Leasing and Management

The Meridian Tower, a 228,500-square-foot Class A office building off the LBJ Freeway, was recently purchased by a private investment group. 2711 LBJ Partners, a subsidiary of DFW Integrity Group Ltd., plans to upgrade the office building with the addition of modern office suites and tenant conference rooms, as well…

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$1B Residential Development Breaks Ground in Denton County

$1B Residential Development Breaks Ground in Denton County

Hillwood Communities has broken ground on a 1,000-acre master-planned development located just north of Alliance Texas. Dubbed Harvest, the $1 billion mixed-use community is planned to include approximately 3,000 single-family homes with prices ranging from $200,000 to about $400,000.…

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$35M Hotel-Conference Project Moves Ahead at Gateway Site

$35M Hotel-Conference Project Moves Ahead at Gateway Site

McKinney's new Gateway Hotel and Conference Center project is moving forward. The city council recently signed an agreement with The Beck Group and Champ Hospitality to build a three-and-a-half star, 186-room hotel and 20,000-square-foot event space on the Gateway site.…

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Trammel Crow to build $19M apartment community in Oak Cliff

Trammel Crow to build $19M apartment community in Oak Cliff

Trammel Crow Residential announced it would build a 200-unit apartment community in Oak Cliff next year. The four-story apartment project will sit on about three acres of land, on the banks of the Trinity River and is reported to cost $19.1 million. According to the Dallas Morning News, the city…

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CBRE Buys Tollway Plaza Office Complex in Far North Dallas

CBRE Buys Tollway Plaza Office Complex in Far North Dallas

CBRE Global Investors has purchased Tollway Plaza I & II, two office buildings in Far North Dallas totaling 369,000 square feet of space. News of negotiations between the California fund and Chicago-based Equity Office Properties Trust emerged back in September; two months, later the purchase is complete.…

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Construction Begins on Oak Lawn Luxury Apartment Community

Construction Begins on Oak Lawn Luxury Apartment Community

Addison-based Behringer Harvard has begun construction on a new luxury apartment community in the Oak Lawn/Uptown submarket of Dallas, at the intersection of Maple and Oak Lawn avenues. Trammell Crow Residential, the developer of the apartment community, partnered with Behringer Harvard on the acquisition.…

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Victory Healthcare Expands in DFW Area

Victory Healthcare Expands in DFW Area

Victory Healthcare announced plans to build a $70 million specialized surgical hospital in Fort Worth, after opening its first surgical hospital in Plano on Oct. 1. The 48,000-square-foot Victory Medical Center Plano features 20 private in-patient suites, five operating suites and three special-procedure rooms.…

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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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