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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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The Second Community at Canyon in Oak Cliff Breaks Ground

The Second Community at Canyon in Oak Cliff Breaks Ground

By Camelia Bulea, Associate Editor The Canyon development in Oak Cliff has reached a new milestone — the groundbreaking of its second community, now that the first community is at 100 percent occupancy. The 200-acre mixed-use project, owned by Stratford Land and developed by GoundFloor Development, will be a community…

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Terra Verde Completes Largest North Texas Residential Land Sale

Terra Verde Completes Largest North Texas Residential Land Sale

By Camelia Bulea, Associate Editor Terra Verde Group L.L.C. has completed the acquisition of 2,031 acres of residential land in Prosper, the largest residential land sale in North Texas this year. It plans what will become one of the largest such developments north of Dallas. The Southlake-based company’s big plans…

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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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