News - Commercial real estate property news

Omni Hotel Moves Corporate Headquarters to Inner City Dallas

In the spring of 2009 Dallas voters passed a controversial proposition to build a Dallas Convention Center hotel in Downtown Dallas.  The city then awarded a long time contract to operate the hotel to Omni Hotels & Resorts which is owned by TRT Holdings.This rubbed more than a handful of Dallasites the wrong way as TRT was headquartered in Irving, not Dallas.  If Dallas is building the hotel, then the operation should go to a Dallas company. 

Apparently TRT saw some logic … Read more >>

Historic Hotel near Downtown Dallas Gets the “Luxe” Upgrade

The historic Art-Deco Stoneleigh Hotel has stood on Maple Avenue on the edge of the Uptown and Turtle Creek neighborhoods of Dallas since opening its doors in 1920.  It also has been independently operated since then.However, when the chief executive of Luxe Hotels turned his attention to Dallas, he saw great possibility in the old hotel, and moved to add it to his Luxe Hotel line.

Once it is rebranded as the Luxe Stoneleigh Dallas Hotel and Spa, there won’t be … Read more >>

KPMG Office Tower Transferred to Receiver

The news is out that KPMG Centre in downtown Dallas has been transferred to special receiver, Keith Ward who has handed management over to Jones Lang LaSalle.  The idea of a receivership is to  place the office tower,  which sits across the street from The Dallas Museum of Art and the Nasher Sculpture Center, under the control of a receiver so as to prevent disruption to the buildings tenants should it undergo a change of hands.The mortgage holders who are … Read more >>

Uptown Gets a Skyscraper of its Own

While Texans have long had a reputation for liking things big, their zoning in many suburbs have favored those low and long ranch style homes considering height one of the more disruptive elements of design.  However, Uptown has always been considered a tad more cosmopolitan and hasn’t shied away from buildings more than one story tall.  Still, even Uptown had its height restrictions, but recently residents rallied to make an exception for acclaimed architecture firm Pelli Clarke Pelli.   Uptown residents … Read more >>

Visionary Dreams

Neal Sleeper, president of Cityplace Co. doesn’t appear to be much of a sleeper, despite the name.  It’s been bugging him that, as they’ve been building their planned Cityplace Project, they have all this high traffic freeway real estate sitting there unused.  Sleeper decided to go to the city and ask if they could use that vacant space for some temporary businesses to “create activity and interest.”

     “We’ve looked at entertainment facilities, and we’ve looked at restaurant deals, “Sleeper told … Read more >>