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Deal Ticker: Massive Hyatt Resort Heads to Lake Ray Hubbard Project
Plus: Leading cabinet supplier expands North Texas manufacturing facility, Arlington Police Department purchases dormant property, and more.
The $1 billion master-planned
Sapphire Bay development will welcome Hyatt to operate its resort and conference center. Set to be located on the Sapphire Bay Peninsula and expected to open in fall 2023, the resort will join Hyatt’s Destination Hotels brand and showcase more than 500 guestrooms, suites, and villas, each with waterfront views overlooking Lake Ray Hubbard and the seven-acre man-made Sapphire Bay Lagoon.
The lead architect for the resort is 5G Studio Collaborative. Brian Bridgewater, P.E. with Manhard Consulting is the project’s civil engineer, and Lifescapes International will design the landscaping and tropical garden environments. DuWest Realty will handle project leasing. Cleartide Management Group is an operational design and programming consultant and
Deal Ticker: California Investment Firm Takes Space in Harwood District
Plus: Massive industrial lease signed at Denton Crossing, a $63 million multifamily development heads to Keller, YPI completed its first retail investment, and more.
California-based
Canyon Partners, a leading alternative investment firm, will open a new office at Harwood No. 2. Andy Leatherman and Brad Selner of JLL negotiated the lease with Hannah Waidmann and Kelly Whaley of Harwood International. Leatherman, a managing director at JLL, called the deal a “big win for the region offering positive impacts within both the business community and the broader community.” Dallas law firm Haynes and Boone is also moving into the district’s new 27-story office tower on Harry Hines Boulevard.
Deal Ticker: Another California-Based Real Estate Firm Relocates to Dallas
Plus: Global licensed apparel manufacturer signs industrial lease in Irving, Transwestern secures large lease for first-class healthcare network, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
Lion Real Estate Group, an investment firm focused on multifamily and creative office properties, has relocated its Los Angeles-based headquarters to Dallas. The firm has taken space at 3811 Turtle Creek Blvd. “The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both here in Texas and in other high-growth cities across the Sunbelt and Southeast,” said Jeff Weller, co-founder and managing principal of LREG.
Southwestern Health Resources Inks 150 KSF Lease in Texas
The transaction is one of the largest office leases signed in the Dallas-Fort Worth region this year. Dec312020 Image courtesy of Transwestern
Southwestern Health Resources, the largest healthcare provider network in Texas, has signed a long-term lease for 150,000 square feet of space at Browning Place in Farmers Branch, Texas, where it plans to consolidate 900 workers from seven Dallas-Fort Worth locations next year. The transaction is one of the largest office leases signed in the region this year.
Located in the epicenter of the DFW metroplex, Browning Place is situated at 1601 and 1603 Lyndon B. Johnson Freeway. Browning Place consists of four office buildings totaling 627,560 square feet. The buildings offer tenants on-site banking, a cafe, fitness center and granite-clad lobbies. The property also has a jogging trail.