The Traditional Transition of Underdeveloped Land as an Investment
If you haven’t visited, but have only heard of Terrell, Midlothian, Howe, Sanger, and Weatherford, you will soon, says Younger Partners exec Robert Grunnah.
By
Robert Grunnah
Published in
Commercial Real Estate
February 3, 2021
12:55 pm
Historically, undeveloped land has been a popular investment vehicle throughout the Dallas-Fort Worth real estate market.
Some of the DFW’s wealthiest families have concentrated solely on land investments for the proven long-term benefits. The tenured life term of prudent land investment, while vulnerable to the economic cycles, has been quite predictable in our market. Our active developer community has provided many land warehousers above-average returns for many years.
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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.
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Plus senior community planned on Haggard Family land in Plano, million-square-foot speculative warehouse planned in West Dallas, and more.
Dallas’ Quadrant
Investment Properties has purchased the award-winning International on Turtle Creek showroom and office complex on Irving Boulevard. Quadrant purchased the building from Dallas-based Stockdale Investment Group, which purchased the 155,000-square-foot complex in 2016. Quadrant acquired in a venture with Maryland-based Federal Capital Partners. J. Scott Lake and Jake Milner of Davidson & Bogel Real Estate represented the buyers.
INDUSTRIAL/LAND
Houston-based Lovett Commercial has filed plans with the state to build a 1 million-square-foot speculative warehouse near the northwest corner of Singleton Boulevard and Norwich Street in West Dallas. Plans say the project could break ground by February and deliver by the first quarter of 2022.