HOUSTON-Another Texas connection to Internet-based commercial real estate services will launch a transaction platform site in January, an e-business resulting from the departure of four key executives from Houston-based Hines Interests. Their success is being closely monitored by their former employer.
FT. WORTH-It's time to find out the bottom line, says AllianceHTexas, which has hired Insight Research to analyze the economic impact that it has had on the metroplex. A report, including a projected future impact, will be finished by month's end.
HOUSTON-Trammell Crow Residential options 17 acres on the banks of the White Oak Bayou to build an 800-unit apartment project. It could ignite momentum in the area that lags behind the city's urban core in multi-family development.
DALLAS-Dirt will be flying this week at the Turtle Creek Blvd. site of Dallas' newest condominium project, an $85 million undertaking with a built-in opulence that developers say is unparalleled in the city's high-rise living. Nearly every condo in the 119-unit classical French structure will have an unobstructed view of the downtown.
AUSTIN-Endeavor/Westbrook has secured a five-year interim bridge loan for $5.4 million to buy the 77,500-sf Balcones Centre,11149 Research Blvd. Medianet is the major tenant in the 75% leased building.
DALLAS-Lee Park addresses are bringing in top-dollar prices for Dallas developers, prompting one to undertake a second project in the city's trendy sector.
DALLAS-Dallas set the hook, offering tax incentives to Allegiance Telecom to stay within city limits ... and it's paid off. Telecom business signs leases totaling 390,000 sf, one for now and one for the future.
DALLAS-West Dallas' Pinnacle Park attracts the attention of the well-known Panattoni-Hillwood development team. Team considering the purchase of 60 acres to build a 1 million-sf warehouse complex.
ARLINGTON, TX-The Southwest Sports Group Inc. is lining up some major players to exercise an option to purchase 220 acres encircling the Ballpark in Arlington for a mixed-use development that is expected to break ground by the end of next year. The group envisions a technologically advanced development designed to serve as the city's new downtown.
DALLAS-The 30,536-sf Woodbridge Plaza Shopping Center has been sold for $3.2 million to Henry S. Miller Cos., parent of the lead tenant. A real estate partnership has been set up as a conduit for the purchase.
