Regions Southwest
Prime Retail Buys Land for $100M Dallas Shopping Center
Aug. 21, 2008
Prime Retail has just wrapped up the acquisition of 64 acres of land in suburban Dallas that will become home to Prime Outlets-Grand Prairie. The new 485,000-square-foot shopping center carries a development price tag of approximately $100 million.
ML Realty, RREEF in Dallas-Ft. Worth Deal
Aug. 20, 2008
An eight-building industrial portfolio changed hands as ML Realty Partners took 1.34 million square feet from RREEF Real Estate in the Fort Worth area, according to a report broken in The Dallas Morning News.
Spear Street Takes Austin Office Portfolio
Aug. 20, 2008
San Francisco-based Spear Street Capital has acquired an office property portfolio consisting of Riata Corporate Park and Riata Crossing in Austin. The complex includes 13 buildings totaling about 1.1 million square feet in the northwest submarket of that city, not far from the JJ Pickle Research Campus of the University of Texas at Austin, a center for electronic, aerospace, mechanical, petroleum and environmental-health engineering research.
Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
Aug. 20, 2008
Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount.
Port of Corpus Christi Opens Trade Lines to Venezuela
Aug. 19, 2008
Establishing a dedicated monthly shipping service between Texas's Port of Corpus Christi and Venezuela opens a two-way trade route that hadn’t existed at the port before. The opening of the trade route comes on the heels of the selection of Federal Development as the master developer of a $400 million project that includes the development of La Quinta Trade Gateway.
Kosmos Energy Signs Lease at Park Lane in Dallas
Aug. 19, 2008
Harvest Partners said today that Kosmos Energy L.L.C. has signed an office lease for more than 50,000 square feet at Park Lane, a 33.5-acre mixed-use development currently
under construction in Dallas. This marks the first office lease signed in one of the new buildings at Park Lane.
Deferred Loan Payments Confirm Delay of Plaza Hotel in Las Vegas
Aug. 18, 2008
Groundbreaking on The Plaza Hotel in Las Vegas--would-be sibling to the landmark Manhattan hotel of the same name--has been put off till next year, in conjunction with an agreement by Goldman Sachs Group and Credit Suisse Group to give the project’s developer an additional six months to repay $625 million in loans.
Harcourt Lawsuit Dismissed
Aug. 18, 2008
The charges against Harcourt Developments have been dropped, following a judge's ruling that the complaints were not supported.
Lehman, Gencom JV Sells Portfolio of 6 Hyatt Summerfield Suites Hotels
Aug. 14, 2008
Two years after acquiring a group of nine Bradford Home Suites Hotels and renovating them at a cost of $15 million, a partnership involving Gencom Group and Lehman Brothers Real Estate Partners has sold to RLJ Real Estate Fund III L.P. six of those properties, which had been re-branded as Hyatt Summerfield Suites hotels.
Prime Takes Last of Former Crescent Office Holdings
Aug. 12, 2008
Morgan Stanley Real Estate has completed the sell-off of the former Crescent Real Estate Equities Co.’s Dallas office portfolio with the sale of Stanford Corporate Centre to Prime Income Asset Management.
Tenet Healthcare Takes 165,000 SF in Downtown Dallas
Aug. 08, 2008
Tenet Healthcare Corp., an owner of hospitals and other medical facilities nationwide, is planning to move its headquarters to Downtown Dallas. The company, which only moved to the Dallas area from Southern California in 2004, will lease about 165,000 square feet for 10 years at the 1.2 million-square-foot Fountain Place at 1445 Ross Ave.
Phoenix Apartment Property Fetches $10M
Aug. 08, 2008
Ownership of Brookside, a 203-unit multi-family property in Phoenix, has just come under new ownership courtesy of a transaction valued at $10.3 million.
General Growth Postpones Summerlin Opening
Aug. 07, 2008
General Growth Properties has delayed the opening of its 1.4 million-square-foot Las Vegas regional mall development, the Shops at Summerlin Centre, by perhaps a much as a year. Such a delay would push the opening of the property to 2010, when General Growth anticipates a stronger financial and retail environment.
Bankruptcy Court Approves $127M Financing for Lake Las Vegas Developer
Aug. 06, 2008
The court handling the bankruptcy of Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort, has approved a $127 million debtor-in-possession financing agreement with a group of lenders led by Credit Suisse as agent. The consensual agreement was reached with various creditors and the Official Committee of Unsecured Creditors. A Lake Las Vegas spokesperson characterized the credit facility as “cash to run the operation.”
37-Acre Mixed-Use Project to Open in Houston in 2009
Aug. 05, 2008
Midway Companies recently unveiled plans for CityCentre, its 1.8-million-sq.-ft. mixed-use project in Houston featuring 650 residential units, 400,000 square feet of retail, restaurants and entertainment, a 144,000-sq.-ft. urban Life Time Athletic fitness facility and 425,000 square feet of Class A office space.
Dallas Office Checks Its Brakes
Aug. 01, 2008
A rise in space available for sublease and a large development pipeline are curbing the Dallas office market’s enthusiasm.
HFF Closes Self-Storage, Office Sales in Texas
Aug. 01, 2008
Holliday Fenoglio Fowler L.P. has closed two substantial deals with Texas roots, it has reported. Its Houston-based self storage group completed the sale of a 21-property self storage portfolio with facilities in Florida, Texas, Colorado, Kentucky and Ohio. And its Dallas office announced that it had finalized the sale of the Pyramids at Park Lane in that city.
Dallas
Prime Retail Buys Land for $100M Dallas Shopping Center
Aug. 21, 2008
Prime Retail has just wrapped up the acquisition of 64 acres of land in suburban Dallas that will become home to Prime Outlets-Grand Prairie. The new 485,000-square-foot shopping center carries a development price tag of approximately $100 million.
ML Realty, RREEF in Dallas-Ft. Worth Deal
Aug. 20, 2008
An eight-building industrial portfolio changed hands as ML Realty Partners took 1.34 million square feet from RREEF Real Estate in the Fort Worth area, according to a report broken in The Dallas Morning News.
Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
Aug. 20, 2008
Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount.
Houston
37-Acre Mixed-Use Project to Open in Houston in 2009
Aug. 05, 2008
Midway Companies recently unveiled plans for CityCentre, its 1.8-million-sq.-ft. mixed-use project in Houston featuring 650 residential units, 400,000 square feet of retail, restaurants and entertainment, a 144,000-sq.-ft. urban Life Time Athletic fitness facility and 425,000 square feet of Class A office space.
Phoenix
Phoenix Apartment Property Fetches $10M
Aug. 08, 2008
Ownership of Brookside, a 203-unit multi-family property in Phoenix, has just come under new ownership courtesy of a transaction valued at $10.3 million.
Suburban Phoenix Mixed-Use Project Nets $65M Financing
July 31, 2008
With construction starting earlier this year on Park Place, a mixed-use development in the Phoenix suburb of Chandler, Ariz., developer Cybert Hall Partners has gained $65.2 million in financing for the project. Buchanan Street Partners negotiated the financing package on behalf of Cybert Hall.
The Best Commercial Office Spaces in the Southwest
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