Real Estate News
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This was a big week for Dallas-area real estate news
If holiday shopping or worrying about the omicron variant kept you distracted this week, you may not have noticed some of the biggest real estate stories in Dallas-Fort Worth. Developers disclosed their plans for the $750 million Four Seasons Hotel and condominium tower on Dallas’ Turtle Creek. Designed by award-winning architect Pelli Clarke Pelli, the more than 30-story high-rise will include a glass-lined circular entry court architect Fred Clarke describes as “one of the most spectacular, Instagrammable places anywhere in the world.” The lecture hall in the new 19-story Granite Park Six office tower under construction on S.H. 121 in Plano. Up in Plano, developers are dusting off the groundbreaking…
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Hillsdale mall in San Mateo brings big real estate investor on board
SAN MATEO — The family-owned Hillsdale Shopping Center in San Mateo has brought a big-time real estate investment firm on board as a partner in the busy Peninsula retail hub, the companies announced Tuesday. The Bohannon family originally developed Hillsdale Shopping Center and opened it as an outdoor mall in 1954. Now, the family is bringing in Northwood Investors, a real estate private equity firm, as a partner in the 1.3 million square foot retail complex, which operates on 47 acres. “We are committed to continuing our family’s relationship with this property and its service to the San Mateo community as we have done for the past 75 years,” said David…
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House Hunting in Greece: Seaside Splendor on Tinos Isle for $1.8 Million
A Stone Mansion Overlooking the Aegean Sea From Tinos $1.8 MILLION (1.6 MILLION EUROS) This five-bedroom property sits on a hillside in Ktikados, a village near the southern coast of the Greek island of Tinos, in the Aegean Sea. Built in 2006 of local stone, the property has a main house with two bedrooms, plus two small guesthouses separated by a garden with olive and fruit trees, on just under half an acre. Tinos, about 75 square miles in size, is bigger but much quieter than neighboring Mykonos, the popular tourist destination known for its party atmosphere, said George Kasimis, the head of Aegean sales at Greece Sotheby’s International Realty,…
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Trading of Chinese property developer Kaisa shares halted in Hong Kong
Trading in shares of Chinese real estate developer Kaisa was halted Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week. The developer had been snowed under by debt issues, as it struggled to make repayments recently. It looked unlikely that it met its $400 million offshore debt deadline on Tuesday, according to Reuters. Kaisa halted trading in early November for nearly three weeks, following news that it had missed a payment on a wealth management product. There was no immediate reason given for the latest trading halt. Kaisa had said in late November that it would restructure offshore debt payments due in…
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Apartment rent and occupancy hit record highs in November
A “For Rent” sign posted in front of an apartment building on June 02, 2021 in San Francisco, California. Justin Sullivan | Getty Images Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading into winter. Apartment occupancy hit a new high of 97.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in November, according to RealPage, a real estate technology platform. The rate is up roughly 250 basis points from the long-term norm of about 95{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} going back over the past three decades. The annual increase in asking rents for new move-in leases hit 13.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in…
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A look back on the life of the first lady of Dallas real estate
Editor’s note: Take a look back into The Dallas Morning News Archives. Imagine having one of the most ubiquitous names in not only North Texas, but also in real estate. Ebby Halliday (1911-2015) was a galvanizing businesswoman who built one of the largest residential real estate firms in Texas before it was sold to HomeServices of America in 2018. Since 1945, the woman behind the name was a part of her company until her death and proved to be a dynamo on and off the market. From a single woman selling undesirable concrete homes to having almost 2,000 employees and handling billions of sales, Ebby Halliday remains a Dallas legend.…
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