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

07/22/2008

Developers to break ground this week on $52.6M Allen Events Center

Herring Group

The sports and entertainment complex will be part of the Village at Allen mixed-use development on U.S. Highway 75 at Stacy Road and is expected to attract more than 600,000 visitors a year.

07/21/2008

Construction starts on office project near Medical City in North Dallas

Transwestern

Seneca Investments is building the 32,596-square-foot medical office building on the west side of U.S. Highway 75 just north of Forest Lane. The project also fronts on Coit Road.

07/22/2008

Howard + Associates buys Wells Janousek
Dallas architecture firm T. Howard + Associates said Monday that it has acquired Wells Janousek Architects of Irving.

07/18/2008

Developer plans Maple Avenue apartments
Realty Capital Partners said Friday that it will build 300 apartments in a development on Maple Avenue just north of Inwood Road in Dallas.

07/17/2008

Texas property markets likely to cool but still outpace U.S., economist says

FILE/DMN

Population and job growth has helped Texas property markets outpace the nation so far.

"The Texas housing markets are going to be spotty," Dr. James Gaines, a research economist with Texas A&M University's Real Estate Center said to a corporate real estate group. The commercial market remains strong, though there are some early signs of cooling, he said.

Tenet Healthcare considering a move to downtown Dallas
Tenet Healthcare Corp. – one of the country's largest hospital operators – is considering moving its corporate offices from the suburbs to downtown Dallas.

07/18/2008

Commercial transactions

07/17/2008

Transcontinental Realty Investors buys Las Colinas site
The 7.5 acres at 3838 Teleport in Irving is adjacent to a planned DART light rail station.

Dallas-Fort Worth home foreclosure postings jump 18%
Almost 4,600 homes are scheduled for foreclosure next month, according Addison-based Foreclosure Listing Services. That compares with 3,879 postings for August of 2007.

Interactive map: 2007 Dallas-Fort Worth foreclosures by ZIP code

Interactive foreclosure primer

07/16/2008

MillerCoors picks Chicago over Dallas
Dallas has lost out to Chicago as home of MillerCoors, a joint venture between Molson Coors and SABMiller PLC, the company confirmed Tuesday.

07/15/2008

Appraisals of Texas commercial property put under microscope; some say land undervalued
Battle lines are forming once again on the issue of whether commercial property in Texas is undervalued for taxing purposes, setting the stage for another showdown in the Legislature next year.

07/12/2008

Roger Staubach prepares for final hand-off with sale of real estate firm

CHRIS CARSON / Special to DMN

Roger Staubach plans to remain active in his company after its sale. "I want to be part of the finest global real estate firm in the world," he says.

The world of real estate has changed dramatically since 1971, when the 29-year-old Dallas Cowboys quarterback went to work for real estate legend Henry S. Miller Jr. to supplement his football salary. Roger Staubach started his own company in 1977, brokering real estate the usual way: representing landlords and trying to find renters.
Blog: Dallas Cowboys

07/11/2008

Staubach Co. completes sales to Jones Lang

07/10/2008

Dallas-Fort Worth retail building market is steady, report shows

WILLIAM DESHAZER/DMN

Major retail project openings so far this year include Uptown Village at Cedar Hill.

Shopping center vacancies were virtually unchanged at mid-year compared to the end of 2007, with about 11 percent of the overall market empty, according to a report released Thursday by Dallas-based Weitzman Group.

Dallas parking is on the cheap side, survey finds
Daily and monthly parking costs in downtown Dallas are about two-thirds the national average, according to a just-released study by real estate broker Colliers International.

07/11/2008

Commercial transactions

07/09/2008

Poll finds commercial real estate pros pessimistic about economy
Almost 60 percent of nationwide commercial property players recently surveyed by accounting giant Grant Thornton LLP said they were pessimistic about the U.S. economy. And almost half said they are down on their industry’s business outlook.

Dallas makes short list for MillerCoors headquarters
MillerCoors has narrowed sites to the Dallas area or Chicago, according to an article in Wednesday's Crain's Chicago Business. It also considered Atlanta, Boston and Kansas City.

07/04/2008

Commercial transactions

07/03/2008

Builders shopping for bargain resort packages

The Hollows at Lake Travis, Austin

The worst housing slump in a generation could prove to be a windfall for some investors. At least that’s what buyers of surplus building company properties are betting. As homebuilding companies dump billions of dollars in excess properties, investors are sorting through everything from excess lots to unfinished buildings in hopes of future profits.

07/02/2008

EXCO Resources doubles its space at Lakeside Square building
Building owner Younan Properties said Wednesday that the oil and gas firm has expanded and extended its office lease by two floors in the Lakeside Square building at 12377 Merit Drive near North Central Expressway and LBJ Freeway.

ProLogis announces 3 Dallas-area industrial lease deals
Industrial building developer and owner ProLogis said Wednesday that it has leased a half million square feet of Dallas-area industrial space to three companies.

07/01/2008

Dallas-Fort Worth surges to No. 1 in apartment construction

FILE/DMN

During the second quarter, developers broke ground on more than 6,100 D-FW area apartments.

During the second quarter, developers broke ground for more than 6,100 apartments, pushing total area construction to more than 19,217 units – the highest total in more than five years, according to M/PF YieldStar.

Apartments going up in Dallas Arts District

More commercial real estate news

Koll Development teams with 2 investors on major expansion
Koll Development is partnering with Dallas businessman Mort Meyerson’s E2M Partners and Sammons Enterprises to fund the new effort.

First apartments in Dallas Arts District going up

JPI

Across from Dallas’ new performing arts center will be a 228-apartment building, seen here in an artist’s rendering.

Developer JPI is building the mid-rise complex on Routh Street across from the new Dallas Center for the Performing Arts. The project, which will open in early 2010, is one of two JPI is building downtown. Rents will average $1,800.
More commercial real estate news

06/30/2008

Deloitte to build $300M campus in Westlake
Construction will start next year on the 750,000-square-foot office and educational center, which will open in 2011, developer Hillwood said.

06/27/2008

Recent corporate moves a selling point for downtown Dallas
AT&T’s Friday relocation announcement cames just a year after Comerica Inc. said it was shifting its headquarters from Detroit to downtown Dallas. Like the Comerica deal, AT&T’s decision to locate in Dallas’ city center is seen as broad confirmation that downtown has made a comeback.

Addison's Colonnade complex sold to CB Richard Ellis

FILE/DMN

The high-profile office project on the Dallas North Tollway is almost 75 percent leased to major tenants including Palm Harbor Homes, United Surgical Partners, New York Life and Bank of America.

Dallas investor in talks to buy big chunk of Deep Ellum

FILE/DMN

Main Street was jammed with visitors during the Deep Ellum Arts Festival in April.

Dallas-based Beck Ventures – a firm with a track record of investing in real estate, finance and energy – has quietly contracted to acquire as much as 10 acres in the commercial and residential district just east of downtown Dallas, with plans to redevelop the area.
More commercial real estate news

06/26/2008

Construction materials costs go through roof

MILTON HINNANT/DMN

Construction continues at Victory Park in Dallas on buildings, including The House (left).

Soaring global demand and high energy prices have caused construction material prices to explode for both commercial and residential builders. Construction costs have been increasing at more than twice the level of overall consumer prices.
More commercial real estate news

06/27/2008

Miami investor buys North Dallas apartments
Investor Advenir acquired the Foxmoor apartments at the southwest corner of North Central Expressway and Stone Canyon Road.

06/26/2008

Need industrial space in Dallas? It's available
There's no shortage of available space in Dallas-Fort Worth's industrial market. Almost 350 industrial buildings in the area with 100,000 square feet or more are partly or completely vacant, according to a new study by veteran local warehouse broker Jim Struble.

06/27/2008

Commercial real estate transactions

06/26/2008

Construction begins on Irving office building

Opus West

The 55,000-square-foot Regent Center II project is being built just south of Interstate 635 in the DFW Freeport complex.

06/25/2008

RadioShack's Fort Worth headquarters sold to college district
RadioShack said it will remain in about 400,000 square feet that it currently occupies through June 2011 with an option to remain in a portion of the complex through June 2013.

Adolphus Tower in downtown Dallas to be remodeled

FILE/DMN

Owners of the office tower at Main and Akard streets said Wednesday that they plan to upgrade the building with interior and outside improvements and a new marketing campaign.

Prosper OKs plans for 188-acre mixed-use project

Mooreland Development

Mooreland Development plans to break ground this winter on retail, hotel, residential and office complex at northeast corner of the Dallas North Tollway and State Highway 380.

Houston investor buys Promenade shopping center in Richardson
A partnership set up by Hartman Management acquired the complex, located at the southeast corner of Arapaho and Coit roads.

06/24/2008

Designs approved for mixed-use project in Granbury
Dallas-based Hardy McCullah/MLM Architects Inc. said Tuesday that it has completed approved designs for the first phase of a 432-acre development in Granbury southwest of Fort Worth.