The Dallas Morning News Real Estate column
Home refinancings jump in property investment and commercial sales held Dallas-Fort Worth real estate activity positive in the second quarter of 2002.
The entire volume of property transactions in the four countries circle area has increased by 11 percent compared to the second quarter of 2001, according to a new report from Chicago under the Industrial Property of south-west flights.
“We, in order to see a few sparks of light on the real estate market,” said Chicago as Vice President Ted Darby. “We are on the same period of last year and up to Year-to-date” .
More than $ 11.8 billion in real estate transactions have been during the second quarter. Businesses and real estate transactions of electronic entertainment refinancings accounted for more than half of the statement of intent.
With interest rates close to depths of 40 years, nearly 30000 inhabitants North Texas refinanced their homeland during the second quarter.
At the same time, an increase of 23.5 percent over the volume of commercial property the holding of local real estate market before 2001.
“We see a greater number of transactions - both portfolio sales of goods and large,” said Dan Lorimer, Chicago as Vice President of Sales and Marketing.
Not all sectors were in the second quarter. Construction total fell by nearly 9 percent, and the house was preowned turnover slightly down.
MARKETING Enron: Investment Banker Holliday Fenoglio Fowler has handled some of the largest offerings of real estate in Texas, but its mandate is probably still early to draw unprecedented attention.
Holliday’s summer of Enron Corp. and a bankruptcy court in New York on the energy market failure profile corporate digs in downtown Houston.
The company Realty unloading is 1.2 million square feet of Enron Center South tower and terminal neighbour.
Less than 20 per cent of new skyscrapers is occupied.
The property, including those with low occupancy, is without doubt an appeal to institutional buyers and foreign, with long-term prospects. But it is unlikely that someone pay almost $ 300 per square foot is what some say, to determine costs, the skyscrapers.
ON THE ROAD UNILEVER: the giant consumer products company Unilever is in a new regional distribution in Mesquite.
PROLOGIS development 442,435-square-foot complex as part of Unilever federal plan for the consolidation of its warehouses. Other facilities are built in Georgia, Pennsylvania, Illinois and California, and the entire program will cost $ 200 million.
Mesquite The building is near Interstate 635 and serve as places in Texas, Oklahoma, Arkansas and New Mexico.
Construction, until the end of the year.
“Once opened, the facility near Dallas and Interstate 635, it is Unilever Home and Personal Care products deliver almost all the company’s products to large commercial enterprises within one day,” said Mark Cashman, PROLOGIS vice-president.
CROW LOMENICK LOCATION: Trammell Crow Co. has recently made art Lomé-nique, should continue its operations in urban development afloat. Mr. Nick direction of Lome, housing and real estate developers mixed-use Post Office Dallas for several years.
It has a rich experience in development projects neo-urban areas such as Addison-circle on the Dallas North Tollway on the renovation of historic buildings Wilson in downtown Dallas.
“I am from a mixed housing intervention for the group of Trammell Crow Co., and I will work with projects across the country,” said Nick Lome, is Trammell Crow’s Managing Director for Development and Investment Group. “The aim will be to orchestrate projects urban mixed-use.
One of the first projects, it would be on the historic work of the rehabilitation of the Woodlawn hospital complex in Oak Lawn in health services for countries Park Hospital & Health System.
RENSI GIVES MOVE: Richard Rensi, former director of a leasing company Mack-Cali Realty in northern Texas, Insignia / ESG as Director General of renting offices in Dallas.
Mr. Rensi monitor a portfolio of more than 650000 square metres of offices.
He has worked for 20 years in the Dallas-Fort Worth real estate market for businesses, including Patriot American and Commercial-CB-group.
Maytag lease Labels: Hillwood Development leases more than 300000 square meters in its Lake Side Trade Center buildings in 3 Maytag Flower Mound, appliances manufacturer.
Lakeside-Trade-Center-3 is located south of Enterprise Drive FM between 2499 and Lakeside Parkway. The building is scheduled for November.
Walt Chenoweth, Frank Geraci, Dan de la Paz and Dave Anderson of CB Richard Ellis negotiated the lease of Maytag with Chris Jackson, Robert Lynn Co.
Best Buy, one of Maytag, the largest retailer, rent, the other half of the building, if it appears.
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