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Category Archives: Texas

Lessons Learned: Fountain Place in Downtown Dallas

DALLAS – After more than three decades, an iconic building in Dallas is reinventing itself — and its success could have valuable lessons for commercial property owners and developers throughout Texas. Atlanta-based owner Goddard Investment Group is spending $70 million to renovate the 60-story Fountain Place, a signature part of the city’s skyline with its green glass “rocket” design. Originally known as Allied Bank Tower, the 1.2 million-square-foot ... Read More »

New Redfin Mortgage Firm Will Be Based In Dallas; Initially Focused On Texas Triangle Home Loans

DALLAS – Redfin, a Seattle-based residential brokerage firm, has formed Redfin Mortgage, which will be based in Dallas. Redfin Mortgage will begin issuing loans in the first half of 2017, initially serving customers in Houston, Austin, Dallas, and San Antonio before entering other markets. Redfin Mortgage, led by former BBVA mortgage banker Jason Bateman, will initially focus only on customers ... Read More »

Fidelis Buys 641,000-SF Retail Center in North Texas

DENTON, Texas – Fidelis Realty Partners of Houston has acquired for Rayzor Ranch Marketplace, a 641,000-SF fully-leased retail power center in the Dallas-Fort Worth-area community of Denton. Holliday Fenoglio Fowler arranged $32.53 million in acquisition financing for Fidelis, a retail-focused firm, led by Alan Hassenflu. HFF, led by Jim Curtin, worked on behalf of Fidelis Realty Partners, to place the 10-year, ... Read More »

Transwestern: 500,000-SF Town Center Planned in Fort Worth

FORT WORTH – De La Vega Group bought 90 acres in the Presidio North project for a 500,000-SF retail, restaurant, entertainment and hotel space. The seller was Diversified Real Estate Group of Las Vegas. Steve Williamson of Transwestern handled the sale. The new project, called The Citadel, located on Interstate 35 West at Heritage Trace Parkway. Oct. 7, 2016 Realty ... Read More »

Gaedeke Buys Dallas Office Tower

DALLAS – Gaedeke Holdings XIV of Dallas has acquired 17Seventeen, a 19-story office tower in the Uptown/Turtle Creek market near downtown Dallas. The 369,000-SF tower, which opened in 2010, fetched a sales price over $500 per SF. The seller was a  joint venture between Granite Properties Inc. and MetLife. The office tower, 1717 McKinney Ave., is near the popular Klyde ... Read More »

Travis County Seeking Developer Proposals for Prime City Block in Downtown Austin

AUSTIN – The Travis County government in Austin, represented by CBRE, is soliciting development proposals for a full block in downtown Austin. The site, at 308 Guadalupe Street, is bounded by Third and Fourth Streets to the south and north, and Guadalupe and San Antonio Streets to the east and west. The block is catty-cornered from the W Hotel and ... Read More »

Texas Attracting Huge Numbers of International Homebuyers

(By Dale King)  International purchasers of homes in the United States added more than $10 billion to the Texas economy from April 2015 to March 2016, says a report prepared by the Texas Association of Realtors. Commenting on the findings, a major real estate firm in Houston said the reasons given by foreign buyers acquiring homes in the U.S. generally ... Read More »

Silicon Valley Investors Buy New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Calif. Firm Buys New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

John Goff Buys Dallas Office Building

DALLAS –  Goff Capital Partners, a Texas firm led by John Goff, has purchased International Plaza III, a 354,182-SF, Class A building in Dallas, the JLL real estate firm reports. Goff is also chairman and CEO of Crescent Real Estate Holdings of Fort Worth. Managing Directors Jack Crews and Evan Stone, and Vice president Lauren Zimmer led the JLL team ... Read More »

Hines Sells Downtown Dallas Tower to Clarion

DALLAS – Clarion Partners acquired the One Victory Park, a 17-story, 436,253-SF office building located in the Victory Park district of downtown Dallas. HFF represented the seller – Hines and its partner, UST XVI, a German investment fund managed by Estein & Associates. The building, completed in October 2008, is 95 percent leased with Ernst & Young and Haynes and ... Read More »

Johnson Teams With Tricon to Buy 1,700-Acre Master Planned Community

McKINNEY, Texas – A partnership of The Johnson Development Corp. and Tricon Capital Group Inc. has purchased the McKinney, Texas master-planned community of Trinity Falls, the newest and largest master-planned development in Collin County near Dallas. Houston-based Johnson Development and Tricon purchased the 1,700-acre community from Castle Hill Partners, an Austin private investment firm. Upon full build-out, Trinity Falls will ... Read More »

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