News for Dallas, Texas | Dallas Morning News | Commercial Real Estate

04/22/2009

Minor league ballpark, mixed-use complex planned near Trinity River in Dallas

A rendering of the proposed minor league baseball stadium

Reunion Sports Group

A real estate and sports group has purchased a large development site on the banks of the Trinity River near downtown. The new owners of the 60-acre property on Industrial Boulevard say they hope to build a $500 million mixed-use project anchored by a minor league baseball park – set to open next year.

04/21/2009

Hillwood cedes stake in Dallas' Victory Park to German investors

FILE/DMN

Hillwood has been working since late 2008 to broaden the appeal of the retail at Victory with a wider range of restaurants and shops.

Hillwood will lose about $100 million in a new agreement with German investors who provided equity for the signature Dallas retail and office project.

Motel 6 parent plans to test Studio 6

Hillwood announces new deals at AllianceTexas

04/16/2009

Downtown Dallas bucks trend with increase in office building occupancy

FILE/DMN

Overall vacancy in Dallas' core fell slightly to 27.2 percent during the first quarter, compared with 27.6 percent at the end of 2008, according to a new report by Cushman & Wakefield Inc.

04/17/2009

Brewer MillerCoors expands its lease in Frisco

Bank extends lease in downtown Dallas
Bank of New York Mellon has extended its three-floor lease at Bryan Tower at 2001 Bryan St.

Ag-Power picks firm to build dealership
John Deere dealer Ag-Power Inc. has chosen Bob Moore Construction of Arlington to build a 60,000-square-foot facility on North Central Expressway in McKinney. It will replace Ag-Power's current store on West University Drive.

Commercial transactions

04/15/2009

Pilot Freight Services signs lease in Irving industrial complex
The freight company is relocating from a smaller building in Grapevine.

Orthofix moving offices from McKinney to Lewisville
The global company will occupy a 144,000-square-foot office and industrial building to be built on Plano Parkway south of State Highway 121. Construction will start on the building next week.

04/10/2009

Uptown Dallas high-rises offer high design

LARA SOLT/DMN

Prospective renter Ruth Girod tours 1900 McKinney, a 27-story apartment tower in Uptown.

The House and 1900 McKinney are luring residents with deluxe features and eye-catching design.

Photos: Upscale living

04/09/2009

New Dallas real estate company sees hope in downturn
Real estate execs Adam Schiller and Brian Murphy – formerly with Austin-based Endeavor Real Estate Group – are teaming up with a group of Dallas principals to found Edge Realty Partners.

04/13/2009

Study: Dallas-Fort Worth has $2.5B in distressed commercial real estate
But the D-FW area fares better than many major U.S. cities studied by Virginia-based Delta Associates for its latest report on distressed commercial real estate.

04/10/2009

Two-story office building planned in Oak Lawn
A busy Oak Lawn corner will soon be getting a new retail and office building.

Commercial transactions

04/06/2009

Report: Dallas jobs still shifting to suburbs
Dallas – along with Detroit and Chicago – was tops among U.S. metropolitan areas that have seen a shift of commerce to the far suburbs, a study by the Brookings Institution found.

04/02/2009

Dallas-Fort Worth builders getting a break on construction costs

G.J. McCARTHY/DMN

Granite Properties says its high-rise 17 Seventeen McKinney office project in uptown will cost less than originally budgeted.

The recession and sharp slowdown in construction has at least one silver lining: Builders who are still starting everything from houses to high-rises are finding that many construction costs have fallen.
More Commercial Real Estate
Steve Brown columns

Commercial foreclosures up 14% so far in '09
The volume of commercial real estate loan defaults is still relatively low, but analysts are anticipating a big increase this year.

Dallas-Fort Worth apartment occupancy drops in the first quarter
Apartment analysts say renters are doubling up to save money or leaving the D-FW area to look for jobs.

04/03/2009

Commercial transactions

04/02/2009

Last condo is sold at SoCo Urban Lofts
It took a while to get there, but one of downtown's biggest condominium projects has sold out.

Investor buys Regal Brook Apartments
Marcus & Millichap Capital Corp. lined up $2.93 million in financing for the sale of the Regal Brook Apartments to a local investor.

Willow Pond complex sold to local group
An investment group sponsored by Clark S. Willingham of Dallas has bought the Willow Pond Apartment Homes on Abrams Road.

04/01/2009

KBS Realty Advisors buys Providence Towers on Dallas North Tollway
Recognized by the towering archway in the center of the building, Providence Towers contains more than a half million square feet of office space.

03/31/2009

Newest Peloton principal brings along Bush lease

03/30/2009

Developers push ahead with North Dallas rehab hospital

Cirrus Group

Reliant Rehabilitation Hospital on Northaven Road.

Cirrus Group has obtained a $16.79 million construction loan for the Reliant Rehabilitation Hospital, which will be built on Northaven Road just west of North Central Expressway.

03/27/2009

Alliance Brokers signs lease in Fort Worth's Alliance project
Alliance Brokers Inc., an affiliate of Trans-Trade, has leased 292,500 square feet in the Alliance Global Logistics Hub at the southwest corner of Intermodal Parkway and F.M. 156.

03/26/2009

Dallas-Fort Worth office leasing turns negative

FILE/DMN

Las Colinas was among the markets with the biggest gains in first-quarter office occupancy.

Dallas-Fort Worth net office occupancy declined by almost 800,000 square feet in the first quarter of 2009, according to preliminary numbers from Cushman & Wakefield of Texas. Most of the cutbacks were in office buildings along LBJ Freeway and in Far North Dallas.

03/27/2009

Dallas consultants to work on problem real estate
Longtime Dallas real estate pros Steve Music and Jerry Grubstein – both alums of the Weitzman Group – have set up a consulting business to work on problem real estate deals.

Arcodoro & Pomodoro moving to the Crescent
Arcodoro and Pomodoro plans to give up its Routh Street address for new digs at the Crescent.

Commercial real estate transactions

03/25/2009

G Systems moving its offices from Plano to Richardson
Laughlin Commercial Realty Group said that the engineering services and systems company leased 17,000 square feet of office space at 1240 East Campbell Road from Kennington Capital. The company was previously located in Plano.

03/24/2009

Former Uptown art gallery changes hands

FILE/DMN

The former Pillsbury and Peters Fine Art building at Cedar Springs Road and Fairmount Street has been purchased by a real estate partnership.

Developer of Dallas' Victory Park negotiating with German investors on debt

FILE/DMN

Anchored by the American Airlines Center, the 75-acre Victory project replaced a polluted rail yard and power plant.

Investors who hold debt on Dallas' huge Victory project have been warned that developer Hillwood may default on the loan.
Map: Guide to Victory Park

Foreclosure not the end for Elm Place
A lender who has scheduled foreclosure of downtown Dallas' Elm Place skyscraper can seize only a portion of the 52-story office tower.