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DFW Commercial Real Estate News

Dallas/Ft Worth Commercial Real Estate News From CoStar Group
KDC To Develop 23-Story Office Tower At Victory Park	2/22/2012 8:27 PM
KDC, in its first venture with Orlando, FL-based Estein & Associates USA, Ltd, plans to develop a 400,000-square-foot office tower at Victory Park in downtown Dallas. The 23-story building across from the park at Victory between Museum Way and High Market Street will include at 15-plus floors of office space above an eight-story parking structure. The building will include a restaurant, delicatessen and fitness center. KDC has targeted this...
Real Money: More Capital Expected To Flow to CRE	2/22/2012 5:12 AM
A number of lenders see more capital coming back into commercial real estate in 2012 in much greater volumes and across multiple lending sources. All of the 20 institutional lenders with whom Jones Lang LaSalle met with during last week’s Mortgage Bankers Association conference in Atlanta indicated a stronger appetite or allocation for placing commercial real estate mortgages in 2012. Jones Lang LaSalle also partnered with Penton Media Research...
Copart's Relocates Corporate HQ to Dallas	2/22/2012 3:06 AM
Copart's leased 53,126 square feet of office space at 14185 N. Dallas Parkway in Dallas, TX. The online auction company for used vehicles is moving from California this summer and is expected to create 250 jobs in north Texas by 2015. The 412,000-square-foot office building was constructed in 1999 on 2.3 acres and features a four-story atrium. Duane Henley and Blair Huddleston of Transwestern Dallas represented the landlord, Garden Centura...
February 2012 Commercial Repeat Sales Analysis Now Available	2/19/2012 11:05 PM
CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) last week, providing the market's first look at commercial real estate pricing trends based on property sales that closed through December 2011, and offering the broadest measure of commercial real estate repeat sales activity. The National Composite Index of commercial real estate prices ended the fourth quarter of 2011 relatively flat with December...
Wood Joins Henry S. Miller as EVP	2/17/2012 3:24 AM
Lewis E. Wood returned to Henry S. Miller Brokerage LLC as executive vice president of the institutional multifamily division. The unit was recently expanded after Miller merged with a national apartment management firm. Wood has more than three decades of multifamily investment brokerage experience. He has closed more than 350 deals totaling more than $1 billion. “Lew is returning to Henry S. Miller after a successful 20-year period developing...
CoStar's People of Note (Feb. 12-18)	2/16/2012 8:39 PM
This week's People of Note includes the following markets: Atlanta, Charlotte, Dallas, Houston, National, New York City, Orlando, Phoenix, Portland, San Francisco, Tampa/St. Petersburg, Tucson and Washington, DC. WASHINGTON, DC Avison Young Expands Corporate Services Team in DC By Chris Crouse Industry veterans Bruce McNair (pictured far left) and Bill Morris (left) lead an eight-person team that has joined Avison
GREEN LEAD \| Green Building News from CoStar	2/16/2012 7:57 PM
GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement. Send in your Green News Leads to news@costar.com LEED Doesn't Cost More - Army Replies to
Student Housing Planned at University of North Texas	2/15/2012 7:51 PM
Fountain Residential Partners and Crosswind Development Partners are expected to break ground this spring on a 139-unit, 427-bed student housing community next to the University of North Texas in Denton. The five-story project, 33 North, will be on Eagle Drive next to the Greek housing and is scheduled to open in fall 2013. It's the third multifamily development for Fountain, which is also developing The Vue on University Drive apartments...
Grubb & Ellis Chairman Kojaian Steps Down	2/15/2012 3:45 AM
Longtime Grubb & Ellis Co. director C. Michael Kojaian has resigned from the troubled Santa Ana, CA-based real estate services company. Kojaian, a Michigan-based real estate investor who has served as director since September 1996, advised the company Feb. 10 that he was resigning from the board of directors "to avoid any actual or apparent conflicts of interest in connection with his fiduciary duties with respect to his affiliated companies in...
Powerhouse Retail Services Acquires Retail Building for $3.2M	2/15/2012 1:44 AM
Powerhouse Retail Services acquired the retail building at 812 S Crowley Rd in Crowley, TX from Albertsons, LLC for $3.2 million or about $58 per square foot. The 55,000-square-foot retail building was built in 2003 and is part of the Shoppes at Deer Creek shopping center. John Zikos and Christopher Gibbons represented the seller, while the buyer utilized in-house representation. Please refer to CoStar COMPS # 2244310 for more information...

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Stock futures little changed with claims on tap (Reuters)	business	2/23/2012 6:25 AM
Reuters - Stock index futures were little changed on Thursday ahead of data on the U.S. labor market as initial enthusiasm over solid German data waned.
Greece readies debt swap under bailout deal (Reuters)	business	2/23/2012 5:37 AM
Reuters - Greece's parliament was expected to endorse a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.
Euro zone economy to shrink in 2012 (Reuters)	business	2/23/2012 5:10 AM
Reuters - The euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.
Europe's banks bleed from Greek debt crisis (Reuters)	business	2/23/2012 4:22 AM
Reuters - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings.
HP shares fall on sharp profit decline (Reuters)	business	2/23/2012 6:07 AM
Reuters - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses.
Exclusive: SEC widens probe of exchange-traded funds (Reuters)	business	2/17/2012 5:34 PM
Reuters - U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter.
'Occupy' to hold national conference in Philly (AP)	us	2/22/2012 12:30 PM
AP - A group of protesters affiliated with the Occupy Wall Street movement plans to elect 876 "delegates" from around the country and hold a national "general assembly" in Philadelphia over the Fourth of July as part of ongoing protests over corporate excess and economic inequality.
Royal Bank of Scotland losses widen on writedowns (AP)	business	2/23/2012 6:35 AM
AP - U.K. lender Royal Bank of Scotland saw its loss in 2011 swell by 78 percent as it booked large provisions for Greek debt and compensation for customers missold payment protection insurance.
EU prepares to evict Iran's banks from banking hub (AP)	business	2/23/2012 6:51 AM
AP - The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said Thursday.
Romney proposes 28 percent top income tax rate (Reuters)	politics	2/22/2012 6:26 PM
Reuters - Republican Mitt Romney revised his proposal for overhauling the U.S. tax code on Wednesday, calling for all individual tax rates to be cut by 20 percent while declining to offer specifics on how to make up the lost revenue from lower rates.

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