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Dallas/Ft. Worth Commercial Real Estate News From CoStar Group

Silver Spring Square in Harrisburg, PA, is the largest of the properties DDR is spinning off.DDR Corp. (NYSE: DDR), a Cleveland-based shopping center REIT, plans to spin off a portfolio of 50 assets, including all of its Puerto Rico portfolio, into a separate publicly-traded REIT to be named Retail Value Trust. The new REIT will work to realize value by operating and eventually selling its 38 continental U.S. properties and all 12 of DDR's Puerto...

12/15/2017 6:18:15 AM

The Connor Group, a Dayton, OH-based commercial real estate investment firm with $2 billion in assets under management, has acquired the Avana West Lemmon Apts. in north Dallas for $66 million, or approximately $177,000 per unit. Charleston, SC-based Greystar Real Estate Partners acquired the 372-unit luxury apartment complex as part of a $460 million portfolio purchase in mid-2013. The leading apartment operator, which manages more than 28,000...

12/10/2017 9:04:51 PM

StreetLights Residential and Westdale completed construction on The Case Building, a 337-unit apartment tower located at the intersection of Hall St. and Main in east Dallas' Deep Ellum neighborhood. The first multifamily high-rise constructed in Deep Ellum, the 17-story Case Building features studio, one- and two-bedroom layouts ranging from 500 to 1,300 square feet. On-site amenities include co-working spaces, private meeting rooms, catering...

12/6/2017 2:34:05 AM

Seritage Growth Properties (NYSE: SRG), a New York City-based retail REIT with more than 40 million square feet under management, has launched a joint venture with Dallas-based build-to-suit office development and investment firm KDC to develop up to 1 million square feet of office space in Dallas Midtown. The venture's initial project will include the development of two office towers, to include anchor retail and entertainment space, at the intersection...

12/5/2017 1:47:13 AM