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Dallas/Ft Worth Commercial Real Estate News From CoStar Group

Martin Pupil has joined Dallas-based Stream Realty Partners after 14 years at Colliers International. Martin Pupil, the former president of Colliers International's U.S. real estate brokerage operation, is headed to Dallas-based commercial leasing and investment sales company Stream Realty Partners. Pupil left Colliers last week after a 14-year career at the global real estate firm without a public announcement of where he was headed. Stream...

7/18/2018 1:35:35 AM

Dallas-based coworking concept Common Desk has acquired Dallas-based fitness company, The Gym of Social Mechanics, with plans to weave the workout regime into Common Desk's expansion plan and amenity offerings. Terms of the acquisition were undisclosed. Social Mechanics, located in the Lower Greenville neighborhood of Dallas, will expand into Common Desk's portfolio by offering fitness options in some of the coworking locations. The acquisition...

7/16/2018 7:27:21 PM

One of Taconic Capital's latest investments was the mortgage securing JPMorgan International Plaza in Dallas. Private equity fundraising for real estate shows signs of heating up again in July after a slower pace in the second quarter. Firms raising money for multifamily and debt investments have been among the first to launch funds this month amid steady activity. Closed-end private real estate fundraising slowed in the second quarter after...

7/17/2018 5:43:03 AM

The majority of the partners at Lee & Associates in the Dallas area have acquired the broker-owned real estate firm's new North Texas digs with plans to transform the longtime vacated bank and drive-thru property into a boutique office building. The single-story, 12,478-square-foot bank building at 14951 N. Dallas Parkway has a large covered drive-thru area that can be converted into additional office space. Nathan Denton, a principal at Lee

7/16/2018 2:40:55 AM

Pictured: The 1.3 million-square-foot Kohler distribution center in Dallas. It’s no secret the Dallas-Fort Worth industrial sector has performed well this cycle, but it’s difficult to overstate just how well. Despite about 100 million square feet of space delivering since 2013, vacancies have decreased in that time and are still well below the market’s historical average. Rent growth has remained vibrant, and rents are now about 35 percent above...

7/16/2018 6:43:54 AM

Fort Worth-based Hillwood, one of the top industrial, commercial and residential real estate developers in the country, is planning to add to its industrial profile on the western side of Dallas-Fort Worth by building a pair of new speculative industrial buildings totaling nearly 1.3 million square feet to meet growing distribution demand. The two distribution buildings are getting underway at a time when AllianceTexas, the developer's signature...

7/12/2018 2:54:31 AM

Nokia Corp. plans to to relocate its North American headquarters from Irving, Texas, to the Billingsley Co.'s Cypress Waters master-planned community in Dallas, a move that will bring more than 2,300 employees within the city limits after months of negotiations over tax incentives. Along with its North American headquarters, the Finnish telecommunications firm intends to consolidate its Dallas-area operations into two buildings currently under...

7/11/2018 8:45:31 PM

It's only taken Fort Worth, TX-based Crescent Real Estate LLC six months to put together a compelling design plan to reimagine a seven-story, 200,000-square-foot office building adjacent to The Crescent in Uptown. But the reinvention has been a long time in the making, said John Zogg, managing director at Crescent Real Estate. Zogg, who has long admired the office building at 2401 Cedar Springs Road, said he and his team have been fond of...

7/11/2018 7:00:00 PM

The 390-unit Ardan West Village apartment tower, which is under construction and slated to deliver later this quarter, at 2975 Blackburn St. in Dallas At the end of 2017, it appeared as if the Dallas-Fort Worth apartment market was finally reaching a late-cycle phase. Rent growth and absorption were slowing, concessions were rising and supply was cresting. Perhaps most importantly, the critical driver of apartment demand, job growth, was slightly...

7/11/2018 2:59:58 AM

A private equity fund owned by Miami-based Atlantic | Pacific Companies recently closed on the acquisition of its third North Texas apartment community in the last 90 days, with plans for a major overhaul of the 324-unit property. Blue Atlantic Partners II finalized a deal to acquire Avana Pointe at 2650 Western Center Blvd. in Fort Worth, TX, from New York City-based Raith Capital Partners for $40 million, or approximately $123,000 per unit. And...

7/10/2018 7:44:17 PM