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Dallas-based Woodbine Development Corp. — the developer behind Dallas’ Reunion Tower and Hunt Oil’s corporate headquarters — has joined forces with The Estate of Bert Fields Jr. to begin early planning on a new 2,800-acre master-planned development in Frisco.
Fields, a prominent banker and oil man, died in 2015 leaving thousands of acres in the fast-growing city of Frisco to his estate, which ultimately put it on the market by a team from JLL.
Click to read more at Dallas Business Journal.
A Houston-based real estate investment firm that manages about $6 billion in property, including a significant amount of real estate in Dallas-Fort Worth, has been acquired by Boston-based Columbia Threadneedle Investments.
Columbia is the global asset management arm of Ameriprise Financial Inc. (NYSE: AMP).
Lionstone Partners Ltd. has been acquired by the Boston investment firm to help bolster its capabilities in U.S. real estate, which has become known for attracting institutional and retail investors.
Click to read more at Dallas Business Journal.
The initial phase of a massive North Texas campus for financial giant CharlesSchwab & Co. (NYSE: SCHW) started Tuesday with an official groundbreaking ceremony.
It will house 2,600 employees when finished in 2019, with enough room to accommodate 5,000 employees.
The Westlake campus will become a major employment hub for CharlesSchwab.
Click to read more at Dallas Business Journal.
Fast-growing franchisee Ampex Brands has decided to acquire a Richardson office building, which will give it a place in North Texas to double its headquarters and continue on its growth trajectory.
The Carrollton-based company, which has 402 franchised units, has acquired a single-story, nearly 17,000-square-foot building at 3304 Essex Drive in the Richardson Technology Business Campus.
Ampex Brands is one of the largest franchisees of Louisville-based YUM Brands’KFC, Pizza Hut and Taco Bell. In all, Ampex operates 278 branded restaurants tied to YUM Brands and was recently ranked as one of the top franchise businesses in North Texas.
Click to read more at Dallas Business Journal.
CBRE announced today that Tony Lenamon has been promoted to Executive Vice President and leader of CBRE’s National Apartment Practice for Valuation & Advisory Services (VAS), based in Dallas.
A seasoned industry veteran with more than 30 years of commercial real estate experience, Mr. Lenamon will coordinate more than 100 apartment specialists located in every major U.S. market. In this newly created role, Mr. Lenamon will report to Richard West, executive managing director, VAS, CBRE.
As part of the transition, Aimee Morgan will assume leadership of CBRE’s Dallas VAS Multifamily Practice. Previously led by Mr. Lenamon, this team completes more than 500 separate north Texas multifamily assignments each year.
As National Apartment Practice Leader, Mr. Lenamon’s responsibilities include the cultivation of new clients and client care of existing major accounts; thought and culture leadership; national relationships; appraisal methodology/formats; portfolio management; and quality/risk management. He will continue to provide expert witness testimony on complex realty litigation in State and Federal Court.
“I’m excited to begin this new partnership with the leadership and professionals across the CBRE national multifamily platform. Our goal is to provide consistently outstanding outcomes that cannot be achieved elsewhere in the marketplace. We’ll also add and expand new service lines, such as affordable and HUD housing, and exploit the unrivaled power of the national CBRE apartment team to widen the gap with our competition,” said Mr. Lenamon.
“This appointment is a substantial investment in this major practice as part of our growth strategy for VAS. Tony is a nationally recognized multifamily expert with deep client relationships and is uniquely qualified to help drive the national team to the next level,” said Mr. West.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
The first of thousands of JP Morgan Chase & Co. (NYSE: JPM) will begin moving into the company’s new regional campus in Plano’s Legacy West by the end of the week — with the initial group of employees moving into the new campus from Lewisville.
The financial giant plans to move a few hundred employees at a time, with more than 3,000 people expected to work at the new 1 million-square-foot campus by the end of the year.
“We’ve worked closely with our people to make sure everything goes smoothly,” said Steve Hemperly, head of mortgage originations and location leader for JP Morgan Chase. “We’re excited to share this new space with our North Texas colleagues. This new campus offers an event better work environment for our employees.”
Click to read more at Dallas Business Journal.