Senior-Level Exec Returns to Maguire; Another Settles Into TCC

Los Angeles-based Maguire Partners has recouped its Dallas partner, Bill Flaherty, from Hillwood after he spent four years on the team that sowed the 72-acre infill site with the American Airlines Center and now has 20 acres in the hands of New York City-based Palladium for the $600-million second phase.

Flaherty's return to the fold and to the side of his old partner, Tom Allen, sets the stage for more Maguire projects in Texas, most likely Dallas-Fort Worth or possibly Houston. Meanwhile, he's already talking to the build-to-suit crowd about Maguire's premier product, the 900-acre Solana office complex--a project he started and is back to expand. "In spite of the challenging market, there's going to be some building," he vows to GlobeSt.com.

The 97%-occupied, two-million-sf Solana is one of the anchor developments for the Texas 114 corridor west of Dallas-Fort Worth International Airport and a neighbor to Hillwood's AllianceTexas. "The return of Bill Flaherty to Solana will help bring even more exposure to the Texas 114 corridor," said a Hillwood statement. "He was one of the pioneers in marketing the area for commercial development." Flaherty's chief marketing slot at Victory will be filled by Palladium and current Hillwood employees.

Flaherty is optimistic that North Texas will continue to be a top-tier hotspot for corporate relocations. And, the Texas 114 corridor is a powerhouse frontrunner, with the 30,000-job base of AllianceTexas, Fidelity Investments and Solana's kingpin residents, Sabre, Verizon, IBM, Citigroup and Wells Fargo, plus the boon of rooftops in place and rising. All that's missing is the regional mall that Chicago-based General Growth Properties is locked into developing to fulfill the Hillwood vision. And that, say those in the know, is edging closer to a ground-breaking.

Lend Lease Real Estate Investments has lost principal and senior vice president, Jon L. Dooley, to Trammell Crow Co. Dooley is settling into his office as senior vice president for the national accounts group based in Dallas. His chief responsibility: Lend Lease's 16-million-sf office and industrial portfolio in 13 markets along with seven million sf in 14 markets for PMRealty Advisors of Newport Beach, CA.

Dooley, who was one of about a dozen principals in Lend Lease's Dallas operation, tells GlobeSt.com that he didn't come with the portfolio or vice versa. The truth is Lend Lease was shifting its Dallas equity team to Atlanta, leaving Dooley with the option to relocate or scout the market on his own behalf.

The senior VP's new role will be to oversee Lend Lease and PMRealty's property management and leasing while courting them for more business, i.e. dispositions, acquisitions and additional properties, in what he describes as the normal "ebb and flow" of the business. He's also tasked with management of development and construction management, financial reporting and accounting teams for the duo.