[an error occurred while processing this directive] 09/05/2008

Big apartment, condo projects in works in East Dallas
The Newport apartments were converted into the Veneto condominiums.
STEVE BROWN/DMN
The Newport apartments were converted into the Veneto condominiums.

Developers are tying up building sites and knocking down block after block of older apartments around Matilda Street and Lovers Lane. A half dozen or so major projects are in the works.


Commercial transactions

09/04/2008

Dallas commercial real estate broker Tracy Fults starting his own firm
Tracy Fults has left his job as senior director with Cushman & Wakefield of Texas to head the start-up Fults Commercial.

09/03/2008

Younan Finance to buy mezzanine loans on office buildings in Texas, 7 other states
Los Angeles-based Younan Finance Group said Wednesday that it has agreed to buy a portfolio of five mezzanine loans on 2.5 million square feet of office buildings in eight states, including Texas, from Rubicon Capital America LLC.

09/02/2008

Florida investor buys office complex in Richardson's Telecom Corridor
Beacon Acquisition purchased the 2201 North Central Expressway office complex in a deal negotiated by Stream Realty Partners.

Las Colinas apartment complex changes hands
California-based Buchanan Street Partners said Tuesday that it has teamed up with Greystar Real Estate Partners to purchase the Shadows of Cottonwood apartments in Irving.

Commercial projects keep construction companies in demand
Recent graduate Preston Hodges is a project engineer for Beck Group.
JOHN F. RHODES/DMN
Recent graduate Preston Hodges is a project engineer for Beck Group.

The construction industry has continued to add jobs this year as commercial work has filled a void left by homebuilding. In Dallas-Fort Worth, 20.6 million square feet – picture nearly nine NorthPark Centers – of industrial and office space is under construction.
Hot industries keep Dallas-Fort Worth employment outlook bright

08/27/2008

Second high-rise planned in Dallas' downtown Arts District
Two Arts Plaza
Billingsley
Two Arts Plaza will be just north of One Arts Plaza at Routh and Woodall Rodgers Freeway.

Developer Billingsley's second high-rise, Two Arts Plaza, will include more office and retail space, condos plus loft-style residences on the lower floors and an urban park.
Photos: Plans for the project

08/29/2008

Commercial transactions

08/26/2008

Apartment builder arranges financing for Uptown Dallas tower
The 292-unit residential tower Gables Residential is building is part of a $200 million residential, office and retail development with Granite Properties.

08/24/2008

Foreign buyers poke around Dallas for commercial property
Last month, an Israeli-backed firm bought a Rowlett shopping center. German investors recently purchased property in Frisco and Plano. And Middle Eastern investors looked at the Galleria and Millennium towers in Dallas.

08/22/2008

Toyota dealerships reaping benefits of going green
Toyota of Rockwall
JOHN F. RHODES/DMN
Cisterns at Toyota of Rockwall collect rainwater and air conditioner condensation, which the dealership uses to water its eco-friendly native landscaping.

Pat Lobb Toyota and Scion in McKinney is the first new-car dealership in the U.S. to be certified as a green building.
More Green Living

Dallas-Fort Worth's energy boom is prominent factor in office market
Mustangs of Las Colinas
COURTNEY PERRY/DMN
Pioneer Natural Resources has added 70,000 square feet in Las Colinas this year. “The Mustangs of Las Colinas” is a landmark in Williams Square Plaza.

The drilling rigs dotting the Dallas-Fort Worth landscape aren’t the only signs of the oil and natural gas boom. Look at the office expansions by energy companies to house their growing employee ranks or increase their profile.


Villages at Fairview and Allen will add up to $1 billion of finished space
Two new developments called the Village at Allen and the Village at Fairview are more like small cities.

Big commercial deals

Cityplace's unbuilt twin awaits a buyer
A skyscraper project that never made it off the drawing board two decades ago is still waiting for the right buyer.

Landlords are paying more to help tenants renovate interiors
When Dr Pepper Snapple Group recently leased 41,000 square feet at the old EDS campus in Plano, it was able to use part of a $1.1 million tenant improvement allowance to relocate its telecommunications system.

Presidential race will affect commercial real estate
Commercial real estate has a lot riding on the upcoming presidential election.

Restaurants popular as a draw for shopping centers
When West Plano Village opens in 2010, restaurants will account for nearly half of all retail space. And one-quarter of Shops at Legacy's total retail space will be devoted to restaurants once its latest phase is finished this fall in Plano.

Restaurant facts and figures

Commercial transactions

Nexregen Firewheel REIT aims to let small investors get in via the Internet
Real estate veteran Ray Wirta has put a new spin on property investing in Texas.

A look at Nexregen Firewheel's REIT offering

Dallas-area companies jump to suburbs or exurbs to open next locations
Some Dallas-area companies are playing leapfrog – jumping to suburbs or exurbs to open their next locations.

Women at top of industrial sector share work ethic, integrity
Jean Russo led a successful career in labor relations before landing on industrial dirt.

Executives comment on office market
Worries about the national economy and slower job growth in Dallas-Fort Worth caused a drop in office leasing in the first half of 2008.

UT Southwestern Medical Center buys part of office campus in northwest Dallas
UT Southwestern Medical Center has purchased two large sections of the Exchange Park office campus in northwest Dallas.

Downtown Dallas lures firms with transit, residences, vibrancy

The landmark Mercantile National Bank building, shown from the Commerce Street side, is being redeveloped into Mercantile Place, a 225-unit apartment tower.
GUY REYNOLDS/DMN

During the first half of 2008, downtown Dallas had more office leasing than all of the suburban areas combined.
Commercial real estate report

Developers use creative tactics to finance projects
While some lenders get tough during a credit crunch, others get creative.

Apparel Group builds for the future
The Apparel Group's North American headquarters and distribution center in Lewisville's Austin Ranch.
G.J. MCCARTHY/DMN
The Apparel Group's emblem – a stylized cotton loom – was poured in concrete at the front entrance to their North American headquarters.

The Apparel Group's new North American headquarters and distribution center at the Austin Ranch community in Lewisville can be expanded without causing major disruptions to the existing structure or operations. The company also owns 12 adjacent acres for additional expansion.
Photos: Behind the scenes

08/21/2008

Greyhound building in Far North Dallas sold 2:05 PM CT
Greyhound building bought by Shoal Creek No. 2 L.C. of Addison

08/20/2008

Prime Retail closes land deal for outlet shopping center in Grand Prairie
Developer Prime Retail said Wednesday it has closed on more than 64 acres in Grand Prairie to begin developing a 485,000-square-foot outlet shopping center. Construction is set to begin this fall. Prime Outlets-Grand Prairie on Interstate 20 and State Highway 360 should be open in time for the 2009 holiday retail season. The shopping center will feature about 120 outlet stores, including anchors Neiman Marcus’ Last Call and Saks Fifth Avenue Off 5th, an on-site food court and restaurant sites surrounding the outlet center.

08/19/2008

RREEF sells 8 industrial buildings to ML Realty for $60M
The 1.34 million square feet of industrial space at Centreport Business Park in Fort Worth and Valwood Industrial Park in Carrollton is fully leased to tenants such as AMR, Home Depot and Siemens.

Younan Hospitality Group wins lawsuit brought by Falcon Physician Reviews Inc.
Irving-based Falcon’s suit claimed that Younan’s Holiday Inn Select North Dallas failed to provide equipment and services

08/18/2008

Jones Lang LaSalle exec leaves for competitor
J. Dale Ray – who has been with Jones Lang LaSalle since 2003 – has gone to work with Dallas-based Peloton Real Estate Partners as a principal in the firm.

AT&T selling its downtown Dallas office tower
One  AT&T Plaza
FILE
AT&T is relocating about 700 people from San Antonio to downtown Dallas as part of its big move.

AT&T is selling the 37-story One AT&T Plaza to Icahn Enterprises, the New York-based investment firm, but plans to stay in the building on a long-term lease. AT&T is currently remodeling the skyscraper at 208 S. Akard St. to house its corporate executive offices, which are moving from San Antonio.

08/15/2008

Dallas City Council votes to create convention hotel oversight panel
Plans to build a 1,200-room Convention Center hotel took a step forward this morning when coucil members approved the creation of a commission to monitor the funding and construction of the half-billion-dollar project.

08/14/2008

New office tower planned in Dallas' Park Lane project
Planned office tower at Park Lane and North Central Expressway.
Peloton Real Estate Partners
Planned office tower at Park Lane and North Central Expressway.

Park Lane developer Harvest Partners – which is building the 33.5-acre mixed-use project across from NorthPark Center mall – just signed the major office lease with Kosmos Energy.

No-smoking housing catches on in Dallas-Fort Worth
Brandi Pollock and daughter Alexis
ASHLEY HENSLEY/DMN
Brandi Pollock and daughter Alexis live in a no-smoking complex in Fort Worth.

FORT WORTH — Virginia transplant Brandi Pollock thinks her new home is a breath of fresh air. The smoke-free setting at Monterra Village in North Fort Worth — from inside the apartment to the pool area to roads — was a major attraction. “The neighbors at my Virginia apartment smoked, and it came through the vents into my apartment,” said Ms. Pollock, who moved last month with 8-year-old daughter, Alexis. “My clothes smelled like smoke. It was awful.” Welcome to the latest no-smoking frontier: private homes. Smoke-free housing could become as common as no-pet policies.


Behringer Harvard makes management changes
Robert Behringer, founder of the Addison-based real estate investment firm that bears his name, has passed on the CEO reins of its six real estate investment funds to president Robert Aisner.

08/15/2008

Commercial transactions

08/13/2008

Stream Realty starts on 2nd data center building
The building will be in the Westover Hills business park in San Antonio.

08/12/2008

Law firm Winstead may move from Renaissance Tower to Dallas' Uptown
Winstead PC now occupies almost 200,000 square feet of office space in the 56-story Renaissance Tower at 1201 Elm St.

08/08/2008

West End Station complex opens this month
The West End
G.J. McCARTHY/DMN
The Savannah College of Art and Design is considering the vacant West End Marketplace and an adjoining office building for the site of a possible downtown Dallas campus. .

It’s been more than a decade since the first light-rail trains started running through downtown Dallas. But the West End Station won’t open until late this month. This “station” at Lamar Street and Ross Avenue, is bringing 146 high-end apartments and ground-floor retail space to the West End entertainment district. The rental community sits next to DART’s busy commuter rail stop.


Commercial transactions

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