DFW Commercial Real Estate

Legacy West’s new campus for FedEx Office up for grabs

By Steve Brown and the Dallas Morning News The first phase of the $3 billion Legacy West development in Plano is up for sale. FedEx Office’s international headquarters on Legacy Drive near State Highway 121 is being offered for sale to investors. The 265,000-square-foot office campus was built by developer KDC and was the first building to open in the 250-acre…read more →

Commercial property forecasters fret about an industry slowdown, possible recession ahead.

By Steve Brown and the Dallas Morning News Prospects for the 2017 U.S. commercial property still market look good, to hear the majority of real estate folks tell it. Certainly Dallas is in the biggest building boom it’s seen in almost three decades. But a lot of the industry’s executives are looking over their shoulders, fretting about everything from rising…read more →

Construction kicks off on $1.5 billion Frisco Station project.

By Steve Brown and the Dallas Morning News Construction has started on the first building in the biggest development in Frisco’s much-touted $5 billion mile of projects. The 242-acre Frisco Station project wraps around the Dallas Cowboys’ new headquarters and practice facilities on Warren Parkway just west of the Dallas North Tollway. Work begin Tuesday morning on a seven-story office…read more →

Virgin’s Richard Branson breaks ground for Dallas hotel with hat, horse, and Dirk Nowitzki handshake.

By Karen Robinson-Jacobs and the Dallas Morning News Sir Richard Branson, who launched a travel and entertainment network that spans oceans, began putting his stamp on North Texas on Monday with the official ground-breaking for Virgin HotelsDallas.  And in a nod to the region’s cowboy roots, he rode in on a horse. Accompanied by a beauty queen. Construction on the…read more →

DART seeking developers for Mockingbird Station properties.

By Steve Brown and the Dallas Morning News Mockingbird Station was Dallas’ first transit-oriented development. Now the commuter rail line that made Mockingbird Station a success is offering a major development opportunity next door. Dallas Area Rapid Transit has hired a commercial real estate broker to find a developer to build on 11 acres of parking lots it has at…read more →

Final phase of State Farm’s mammoth Richardson campus opens its doors.

By Steve Brown and the Dallas Morning News After three years of construction, work is finally done on the huge State Farm Insurance campus in Richardson. Developer KDC said Wednesday that it’s finished construction on the fourth and final tower in the project at Plano Road and Bush Turnpike. The State Farm towers contain 2.1 million square feet, making it…read more →

D-FW tops Texas in office leasing and construction

By Steve Brown and The Dallas Morning News The Dallas-Fort Worth area now has more office space in the construction pipeline than the state’s other largest markets — Houston and Austin  —combined. About 7.5 million square feet of new office space is being built in North Texas, compared with 4.2 million square feet in the Houston area and about 1.6…read more →

Ross Perot Jr.’s Hillwood sells $1.1 billion in properties

Hillwood’s largest North Texas industrial building portfolio is in the AllianceTexas project north of Fort Worth. Courtesy of Hillwood By Steve Brown and the Dallas Morning News Ross Perot Jr.’s Hillwood Development Co. is selling $1.1 billion of its warehouse properties to an international investor. Global Logistic Properties — a Singapore-based firm — said the purchase includes industrial buildings in North…read more →

Dallas’ Woodbine Development gets its second president in four decades

By Steve Brown and the Dallas Morning News John Scovell’s first real estate deal was a doozy. In 1973, he teamed up with Dallas oilman Ray Hunt to build downtown Dallas’ landmark Reunion Hyatt Hotel with its skyline signature observation tower. Read more about how Reunion was built in Dallas here. “What a privilege to change the skyline with your…read more →