Deal Ticker: Major Telecom Corridor Office Changes Hands
Plus: Holt Lunsford Commercial completes off-market sale of 600,000 square feet of industrial space; Dallas’ iconic gold Campbell Centre has a new owner, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Industrial leases and sales must be over 50,000 square feet, office leases and sales over 3,000 square feet, and retail leases and sales must be over 1,500 square feet. All multifamily and mixed-use deals are currently welcome.
One of the largest office campuses in Telecom Corridor has exchanged hands. The Galatyn Commons office project in Richardson, which recently underwent a $40 million renovation, has four buildings with almost 800,000 square feet of space. Tenants in the buildings include Goldman Sachs, Steward Healthcare, Service King, and Raytheon. A fourth building houses operations of Bank of America. A company set up by Singapore-based Mapletree Investments P
Deal Ticker: Plano-Based Investment Group Purchases Former Shawn Todd Redevelopment Project
Plus: More a lot more homes coming to Melissa, Rhino Health is expanding into North Texas, major leases signed at the Crescent and in the Harwood District, and more.
Plano-based
Wolfe Investments, a private equity real estate investment firm, has purchased the historic U.S. Post Office and Courthouse building in downtown Dallas. The building was redeveloped by Todd Interests years ago into luxury apartments. It was developer Shawn Todd’s first downtown adaptive reuse. The landmark purchase is the company’s second-largest acquisition to date, just behind the historic Rockefeller building in Cleveland, Ohio.
Deal Ticker: Massive Allen Mixed-Use Development Breaks Ground
Plus: Clean Earth Company leases industrial space in Alvarado, S2 Capital sells DFW apartment communities to an out-of-state buyer, and more.
Allen-based developer JaRyCo broke ground this week on
The Farm in Allen, a 135-acre mixed-use project that will include 1.6 million square feet of office, 142,000 square feet of retail, a 150-key hotel, 60,000 square feet of restaurants, townhomes, and urban residential units. Work will begin with the development’s infrastructure, including the roads and utilities, followed by construction of West Lake Park, the phase one trails, and the public parking garage.
Last month, JaRyCo announced it will develop 102,000 square feet of class A office space, called FarmWORK One. The three-story building will be located across from The Central District and will include several healthy building elements, such as outdoor, Wi-Fi-equipped work areas, touchless features throughout the buil
SHOP owners, café managers and councillors have hit out against an outrageous hike in car parking charges with prices at some sites increasing four fold. Reviewing its controversial car park proposals announced in October, Dorset Council has decided to drop the move to introduce evening car park charges until 8pm – although Sunday charges will still be introduced for the first time. And in a shock move, the council has decided to further increase all-day charges in council owned car parks in West Bay and Lyme Regis. Prices at these sites will now quadruple, rather than double as originally suggested – going up from £2 to £8. It will come into effect in February. The council says it is to bring West Bay and Lyme Regis in line with other seaside towns in Dorset – both areas have not had an increase in the fee since 2014.
Anger and frustration over Lyme Regis and West Bay car parking increases bridportnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bridportnews.co.uk Daily Mail and Mail on Sunday newspapers.