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LAS COLINAS, TX—An expansion will bring the two-story 53,000-square-foot class-A Tuscan Professional Buildings' occupancy to 100%, with PMRG continuing to provide both management and leasing services.
DALLAS—Millennials have shown they are willing to eschew the urban core for the suburbs if the vibe is right, and in addition to job proximity, they are looking for the live, work, play environment that feels authentic.
FORT WORTH—The asset was well located with potential for growth, and the transaction generated strong risk-adjusted returns to investors, allowing Ridgeline to recycle capital into value-add opportunities.
DALLAS—Given the number of projects currently on the drawing board, development activity and construction volume is projected to be healthy well into 2017, especially in the area of mixed-use projects.
STAMFORD/RANGER, TX—Multifamily properties in selling condition with positive cash flows make offerings a turnkey acquisition opportunity despite locations in smaller towns outside of the major metro.
DALLAS—Velocis purchased the property in 2012 and invested $1.5 million in property renovations, with substantial upgrades made to all six floors of the building and the parking garage, which resulted in positioning for a recent sale.
DALLAS—The combination of tech stability and growth, paired with a comparatively low barrier to entry and cost of real estate is appealing to investors looking to secure a yield premium, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
Here's a look at this week's trends, announcements and deals that you may have missed in Texas, New Mexico, Colorado, Oklahoma, Arkansas and Louisiana.
IRVING, TX—Investor interest is picking up in the metroplex as transaction velocity has jumped 12% at mid-year, with an example being the recent $19.2 million acquisition financing for Ladera Ranch Apartments.