Showing posts with label Dallas. Show all posts
Showing posts with label Dallas. Show all posts

Wednesday, February 10, 2016

A tech hub rises in Playa Vista

A tech hub rises in Playa Vista


A mixed-use project envisioned as Playa Vista's downtown has been sold to a Dallas investment firm for a reported $475 million, cementing the master-planned community's rise as a residential neighborhood and technology hub.
The steep price for Runway Playa Vista — a retail, residential and office development that cost about $300 million to develop — shows what can happen when tech giants like Facebook, YouTube and Microsoft come to town.
Investors are banking on those companies luring highly educated and highly paid workers to the burgeoning community as it nears completion


http://flip.it/JEUNL







Sunday, January 3, 2016

Massive Dallas skyscraper with plans for $240M redo listed for foreclosure

The 52-story, 1.3 million-square-foot skyscraper at 1401 Elm St. has sat vacant for nearly seven years, yet it may sit vacant a bit longer as a Dallas developer hopes to bring in a new capital partner.

In the meantime, the lender has posted the downtown Dallas skyscraper for January's foreclosure auction, which doesn't mean it will necessarily sell at the Dallas County courthouse on Tuesday — but that puts plans for a $240 million redevelopment in jeopardy.


http://flip.it/IKoPM