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Posted June 7, 2012 by Rogers Healy

The KPMG Centre sells at foreclosure auction

The KPMG Centre at 717 N. Harwood St. in downtown Dallas, was sold to its lenders at Tuesday's foreclosure auction for $42 million.

The 34-story, 828,000-square-foot, downtown skyscraper has $64 million in listed debt but only appraised for $44 million, according to data from Addison-based Foreclosure Listing Service Inc.  If the lenders didn't buy the property they could have lost $22 million.

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Posted May 9, 2012 by Rogers Healy

Texas is Leading state for commercial real estate development

Texas ranked number one in the nation in the development and construction of office, retail and industrial space in 2011, according to a report issued by NAIOP Research Foundation.

After Texas, New York ranked second, West Virginia third, and California fourth.

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Posted April 18, 2012 by Rogers Healy

New $400M Dallas redevelopment project

Dallas-based Matthews Southwest and Toronto-based Tricon Capital Group Inc. have acquired and plans to develop a 60 acre mixed-use development a half mile south of the Dallas Convention center.

The project is estimated to cost $400 million and will include residential, commercial and retail uses.  The project will focus on transit-oriented and urban environments that will play into the multibillion dollar Trinity River Corridor Project.

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Posted April 12, 2012 by Rogers Healy

DFW Ranks in Top 10 for Energy Star Buildings in U.S.

The U.S. Environmental Protection Agency's (EPA) annual list of U.S. metropolitan areas with the most Energy Star certified buildings shows that the Dallas/Fort Worth area placed 8th in its national survey.

The DFW area has place in the top ten since the EPA first released its list of top 25 cities in 2008.

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