BUSINESS

01/10/2008

Transit-oriented developments spring up near DART stops

Harvest Partners

The Park Lane project will include residential, retail and office space, all keyed on the proximity to the Park Lane DART station.

Transit-oriented developments, or TODs, are the real estate development’s version of the iPod. They are the hot gadget that’s remaking the business of building retail, residential and commercial space.

Luminant moving HQ to Dallas' Lincoln Plaza

FILE/DMN

Luminant is moving to Lincoln Plaza on Akard (left) from Energy Plaza on Bryan.

Luminant – one of the energy companies created out of the TXU Corp. buyout – is moving its headquarters to downtown's Lincoln Plaza tower. Luminant is taking six floors in the skyscraper, which is owned by the California State Teachers Retirement System.
More commercial real estate

Dallas area commercial transactions

01/08/2008

Dallas investor buys 3 Deep Ellum loft buildings

FILE/DMN

The Continental Gin at 3311 Elm is among the properties included in the deal.

A big chunk of Dallas' Deep Ellum District has quietly changed hands. Westdale Properties – already one of the biggest property owners in the Deep Ellum area – purchased three of the neighborhood's biggest loft apartment buildings.
More commercial real estate news

Hotel group plans Uptown project
A Maryland-based hotel group has purchased land in Uptown for a new project.

01/05/2008

Inland American plans apartment project south of LBJ
Dallas' apartment teardown craze is heading to the north loop with a new project in the works.

01/04/2008

Work to begin on new Dallas hospital next week
Dallas-based Cirrus Group is partnering with GlobalRehab Hospitals to build the two-story, 40,000-square-foot, 42-bed medical center at Empire Central and Brookriver drives.

01/03/2008

At Preston Center, good things come in small package

COURTNEY PERRY/DMN

At seven stories, the Staubach Building is the largest office tower to go up in Preston Center in more than a decade.

Dallas’ Preston Center, the business district on the edge of University Park, has less than 3 million square feet of office space. But the area has the lowest vacancy rates and highest rents in all of North Texas.
More: Commercial real estate

Commercial real estate transactions

Addison-based Behringer gets additional funding
Addison-based real estate investor Behringer Harvard said Thursday that it will receive up to $200 million in additional funding from a Dutch pension fund.

01/02/2008

Dallas-Fort Worth apartment leasing, rents rise
An unexpected boost in recent apartment leasing gave Dallas-Fort Worth landlords something to smile about entering the new year. Rents also edged to a record high - another positive sign for the local rental market.

12/27/2007

Dallas real estate saw commercial boom vs. residential bust in 2007

JIM MAHONEY/DMN

The huge Park Lane mixed-use complex is scheduled to open in 2008.

Your take on the real estate industry this year depends on what part of the business you're in. The commercial property sector boomed in 2007 with new projects and high-dollar sales. But in the residential business, slowing sales, rising foreclosures and a nationwide housing bust quashed things.

Dallas-Fort Worth commercial real estate transactions

12/28/2007

Victory, Glorypark play different positions in Dallas-Fort Worth

RTKL Associates/Hillwood

Artists' drawings of plans for Glorypark (left) and Victory Park.

Victory Park has given a big boost to Dallas' center city with its luxury residences, W Hotel and exclusive retail stores. Glorypark in Arlington may do even more for the suburbs. At first glance, the two developments even look alike in drawings, but developers want Glorypark to have an even wider appeal than Victory.

12/21/2007

Dallas-Fort Worth office demand weakest since 2004
A hoped for fourth-quarter boost in office leasing failed to materialize. As a result, net office demand in Dallas-Fort Worth for all of 2007 was less than half of what the market saw in 2006.

Dallas-Fort Worth commercial real estate transactions

12/28/2007

Doctors, Staubach teaming up on North Dallas medical complex
A major medical complex will soon be going up on a prime North Dallas corner.

12/19/2007

Microsoft's Ensemble Studios moving to Shops at Legacy
One of the country's biggest computer game companies is trading its traditional Dallas office location for a new town center location in Plano.

12/20/2007

High-end apartments planned in East Dallas
Zale|Corson Group said Tuesday that it has acquired 2.5 acres at southeast corner of Henderson and Belmont avenues for its rental home project.

Mixed-use project planned in Colleyville
Realty Capital Corp. said Monday that it will start work next summer on the two-building, $10 million project.

Developer moving ahead with Prosper housing development
Forest City Enterprises said Friday that it's moving ahead with plans to develop a 2,100-acre master-planned community in the Town of Prosper.

Addison investor buys 34 office properties worth $1.4B
Addison-based real estate investor Behringer Harvard said Wednesday that it has completed a $1.4 billion purchase of 34 U.S. office properties.

12/17/2007

Los Angeles investor buys Dallas office tower

FILE/DMN

The Mindlin Cos. said Monday that it has purchased the 13-story Woodview building located on Empire Central Drive near Stemmons Freeway. The silver-glass high-rise has 195,587 square feet of office space and is 48 percent occupied.
More real estate news

12/20/2007

Upscale fitness club snags Oak Lawn spot
A New York company that operates a nationwide chain of upscale fitness centers is leasing a prime Oak Lawn location.

Older Dallas apartment complexes get new leases on life

MILTON HINNANT/DMN

The Montecito Creek’s remodel helped it attract more tenants. Investors hope for similar successes elsewhere.

With a slump in the home purchasing market, investors are targeting older apartments that they hope will bring profits from increased monthly rents and eventual resale. "It's definitely a good time to be buying apartments like these," says investor Monte Lee-Wen.
homecenter: Apartment rentals
More Real Estate

Restaurant reserves spot in Uptown
The busy Uptown corner of Pearl Street and Cedar Springs Road will become even more of a restaurant crossroads next summer.

Dallas-Fort Worth commercial real estate transactions

North Dallas office building sold
Connecticut-based Commonfund teamed up with Texas' PM Realty Group to acquire the 3100 Monticello building just west of North Central Expressway.

Developer buys more than 500 acres in southern Dallas County
Dallas-based land developer and investor Huffines Communities said Tuesday that it has purchased 511 acres next to Union Pacific Railroad's huge intermodal facility on Interstate 45.

California investor buys Coppell industrial building
A 115,000-square-foot industrial building in Coppell is the third recent North Texas property purchase for California investor Transpacific Development Co.

Staubach Co. buys Kansas City real estate firm
The Staubach Co. is scheduled to take over operation of Glaze Commercial Real Estate Advisors at the beginning of 2008.