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$1B M Vegas Resort to Cater to Thriving Mid-Size Event Market
May 15, 2008
Developers of the planned $1 billion M Resort, Spa & Casino in Las Vegas recently revealed new project details designed to address the city's dearth of conference facilities that accommodate small and mid-sized meetings and events.
Pair of Dallas Office Buildings Acquired by Newly-Launched Thompson National
May 15, 2008
Less than a month after the launch of Thompson National Properties L.L.C., the firm has acquired two Dallas Class B office buildings as the company’s first acquisition on behalf of the Bruin Fund, a $250 million opportunity fund.
BNSF Railway Takes 198 Acres at Dallas Logistic Hub, May Buy 164 More
May 14, 2008
The Allen Group has announced the sale of 198 acres of land in the Dallas Logistics Hub to BNSF Railway Co., with the additional option agreement giving BNSF the right to purchase an additional 164 acres.
Lagovent Buys Apartment Portfolio in Dallas Metroplex
May 14, 2008
Lagovent Real Estate Group has acquired two Class B Dallas-area apartment complexes totaling 952 units for a total consideration of $40.5 million.
Two Stores Underway for Retailers in Laveen, near Phoenix
May 14, 2008
Laveen Ranch Marketplace, a new 100,000-square-foot project by Evergreen Development Co. in the burgeoning Phoenix submarket of Laveen, prepares for new tenants as Safeway kicks off construction of a 55,000-square-foot store and work commences on a freestanding store adjacent to the supermarket for Fletcher Tire.
$41M Financing Deal Closes for Dallas-Area MF
May 14, 2008
A financing package valued at approximately $41 million has been put in place for the 600-unit St. Marin/Karrington Apartments complex in Coppell, Texas, about 30 miles from downtown Dallas.
Tech Firm Takes Lease at New Building in The Woodlands
May 13, 2008
Desktop Assistance L.P. has signed a lease in the Class A office building at 2400 Waterway Ave. in The Woodlands.
Dallas Project to Include More Offices, Fewer Condos
May 12, 2008
Dallas’s massive CBD mixed-use project, Victory, will include more office space and less condominiums and hotel rooms, said Hillwood’s Development Co.’s chairman, Ross Perot, Jr.
Tyler Technologies Office Project Planned for Lubbock
May 12, 2008
Dallas-based Tyler Technologies Inc. plans to expand its West Texas presence with the development of a Class A office project in the city of Lubbock. No financials were released.
Housing Prices Fall Most in Philadelphia, Las Vegas
May 09, 2008
The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index.
Alter Sells 2 Phoenix Industrial Properties for $41M
May 09, 2008
The Alter Group has sold two distribution buildings totaling 684,000 square feet at its 162-acre Buckeye Logistics Center in Phoenix.
addison project UDR Breaks Ground on $1B Dallas-Area Mixed-Use
May 08, 2008
Denver-based UDR Inc. broke ground today on a $1 billion, 99-acre multi-family, retail and commercial development in the Dallas suburb of Addison, Texas.
Research Shows Growing Pipeline of Datacenter Development
May 08, 2008
According to results from a study commissioned by San Francisco-based internet gateway datacenter owner Digital Realty Trust Inc., the number of datacenter projects on tap for the U.S. over the next 12 months is substantially higher than the anticipated figures from one year ago.
Contractor Chosen for Conversion of Prison into Museum
May 08, 2008
The Houston Chronicle reports that the Sugar Land City Council recently tapped E.E. Reed Construction L.P. to serve as general contractor on a project that will transform the 43,000-square-foot former Central State Farm Prison Building into a space to house part of the new Houston Museum of Natural Science at Sugar Land.
$165M Loan Moves Mixed-Use Hotel Project Forward in Austin
May 07, 2008
Development of the W Hotel & Residences in Austin gets a boost now that construction financing has been put in place.
N3 Launches Big Box Initiative
May 07, 2008
N3 Real Estate has announced its entry into the big box development field.
Mini Mall in Corona Fetches $548 Per-SF
May 07, 2008
Ownership of Hamner Square, a 12,231-square-foot strip center in Corona, Calif., has changed hands. 
Construction of $1B Suburban Dallas Mixed-Use Residential Begins Thursday
May 07, 2008
Dallas Morning News reports that multifamily real estate investment trust UDR is kicking off construction of Vitruvian Park, its massive mixed-use apartment compound on 100 acres in Addison, Tex.
Vista Picks JLL To Rep Mixed-Use in Houston
May 07, 2008
Houston-based Vista Equities Group has selected Jones Lang LaSalle Retail to represent its $150 million Main Street-styled mixed-used development, LaCenterra at Cinco Ranch.
Sea World Station Valero Acquires Albertson’s Gas Stations in Southwest
May 06, 2008
Taking advantage of the availability of a collection of convenience stores and fueling kiosks in an already familiar market, Valero has acquired 72 Albertson’s sites for an undisclosed amount.
Denver Economy Stable, Luring Renters
May 06, 2008
The Denver apartment market will remain reasonably healthy in 2008, though competition from the region’s shadow stock will offset some of the recent improvements to fundamentals, according to a first-quarter Apartment Research Report by Marcus & Millichap Real Estate Investment Brokerage Group.
Dallas-Fort Work Metroplex Draws Renters
May 06, 2008
Dallas/Fort Worth will remain economically strong this year, according to a  first-quarter report by Marcus & Millichap Real Estate  Investment Brokerage Co.
REIT Closes on 4 West Coast Office Buildings Totaling 275,000SF
May 05, 2008
Two weeks after announcing its plan to acquire seven office buildings in Southern California and Arizona, Pacific Office Properties Trust has closed on the purchase of four properties in San Diego and Phoenix. The REIT bought the assets, which total 275,000 square feet, from The Shidler Group.
KBR Projects KBR Plans 1MSF Office Complex in Houston Suburb
May 05, 2008
As the Energy Corridor of Houston moves outward toward the suburb of Katy, Houston-based KBR plans to ink a deal for almost 1 million square feet of office space in a long-term lease in a campus off Grand Parkway and Interstate 10. Financials of the deal were not disclosed.
Berkshire Completes $62M Texas M-F Sale
May 05, 2008
Berkshire Income Realty Inc. has completed the sale of St. Marin/Karrington Apartments, a 600-unit multi-family apartment community located in Coppell, Texas. The sale price of the property was $62 million, or $103,000 per unit.
 
Dallas
Pair of Dallas Office Buildings Acquired by Newly-Launched Thompson National
May 15, 2008
Less than a month after the launch of Thompson National Properties L.L.C., the firm has acquired two Dallas Class B office buildings as the company’s first acquisition on behalf of the Bruin Fund, a $250 million opportunity fund.
BNSF Railway Takes 198 Acres at Dallas Logistic Hub, May Buy 164 More
May 14, 2008
The Allen Group has announced the sale of 198 acres of land in the Dallas Logistics Hub to BNSF Railway Co., with the additional option agreement giving BNSF the right to purchase an additional 164 acres.
Lagovent Buys Apartment Portfolio in Dallas Metroplex
May 14, 2008
Lagovent Real Estate Group has acquired two Class B Dallas-area apartment complexes totaling 952 units for a total consideration of $40.5 million.
MORE SOUTHWEST DALLAS HEADLINES
 
Houston
Whole Foods to Locate in Houston Complex
May 14, 2008 - Source: Houston Chronicle
The new store will be part of a 13-acre development between the downtown area and River Oaks.
Tech Firm Takes Lease at New Building in The Woodlands
May 13, 2008
Desktop Assistance L.P. has signed a lease in the Class A office building at 2400 Waterway Ave. in The Woodlands.
Contractor Chosen for Conversion of Prison into Museum
May 08, 2008
The Houston Chronicle reports that the Sugar Land City Council recently tapped E.E. Reed Construction L.P. to serve as general contractor on a project that will transform the 43,000-square-foot former Central State Farm Prison Building into a space to house part of the new Houston Museum of Natural Science at Sugar Land.
MORE SOUTHWEST HOUSTON HEADLINES
 
Phoenix
Two Stores Underway for Retailers in Laveen, near Phoenix
May 14, 2008
Laveen Ranch Marketplace, a new 100,000-square-foot project by Evergreen Development Co. in the burgeoning Phoenix submarket of Laveen, prepares for new tenants as Safeway kicks off construction of a 55,000-square-foot store and work commences on a freestanding store adjacent to the supermarket for Fletcher Tire.
Louisiana Beer Distributor Expands Westward
May 12, 2008 - Source: Arizona Republic
Crescent Crown Distributing sustained $18 million in damage after Hurricane Katrina, but its expansion into Arizona means that today it is poised to be the largest employer in the town of Surprise.
Alter Sells 2 Phoenix Industrial Properties for $41M
May 09, 2008
The Alter Group has sold two distribution buildings totaling 684,000 square feet at its 162-acre Buckeye Logistics Center in Phoenix.
MORE SOUTHWEST PHOENIX HEADLINES
 

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