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Commercial Real Estate News and Articles

Entries for June 2010

25

Uptown and downtown Dallas landlords have been trying to lure Winstead for more than a year. Along the way, Harwood took the unusual step of putting a large sign that spelled out “WINSTEAD” across the top of its building.

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25

Texas Capital Bank has expanded its builder finance group with the addition of a team from Houston’s Royal Bank of Canada office. They will specialize in providing financing to residential developers and home builders in Texas.

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25

FedEx Corp. is establishing a new distribution facility to service its home delivery business in Southeast Houston. More than 250 people are expected to be employed there.

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25

Joeris General Contractors has built more than $3 billion worth of construction projects in the San Antonio market over the last 43 years.

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25

“We’ve identified Texas as a growth area and are pleased to become part of the San Antonio community,” says Andy Kohlberg, founder and president of Kisco Senior Living.

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17

Residents are moving this month into two high-profile condo projects that will shape downtown Austin’s skyline, the Four Seasons Residences Austin and Austonian.

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17

The long-planned $200 million condo tower at Pearl Street and Woodall Rodgers Freeway will have more than 100 residences, with price tags starting at $1 million.

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17

Miami-based Parmenter Realty Partners has acquired their first of what they believe will be many acquisitions of this nature over the next several years.

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17

Grapevine-based commercial flooring services company Corporate Floors Inc. has acquired the assets of Dallas-based ReSource Flooring Group

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17

Developers of Port Crossing Commerce Center have turned over leasing and marketing of the 300-acre project to Colliers International.

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11

Jabil Circuit, Inc. has an extended lease for 64,771 square feet, or close to 38 percent of the 169,301-square-foot building.

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11

The Sanger Oaks Apartments in Waco, a 327-unit apartment complex , sold for an undisclosed price to Dallas-based CrestMarc Woodstock Properties LLC.

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11

Office space occupancy in North Texas fell to its lowest level in six years, hitting 74 percent in the first quarter of 2010.

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11

Cooper & Stebbins is adding another residential component to the project. Block 3 will follow the Brownstone residential development on the Square’s east side.

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11

American Campus Communities Inc. has started development of a new apartment complex serving the students at the University of Texas at San Antonio.

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03

BJ’s Restaurants Inc. has opened its new BJ’s Restaurant & Brewhouse at The Rim shopping center this week. The location at The Rim represents the company’s third restaurant in San Antonio.

 

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03

University Park's building’s lenders, U.S. Bank and Texas Capital Bank, reportedly took back the property for $22 million at the foreclosure auction Tuesday, at a huge loss.

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03

Elliott’s Hardware has put its Dallas location at 4901 Maple Ave. up for sale.

The property includes 4.5 acres of land and will be offered in the $7 million price range.

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03

San Antonio-based USAA Real Estate Co. has acquired the 21-story Mondrian at CityPlace tower in Dallas. Apartments range from 910 to 2,985 square feet.

 

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03

Lenders have foreclosed on the Four Seasons Resort and Club in Irving. This came several months after lenders first posted the 400-acre property for sale.

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