Tag: Dallas

CBRE changes Dallas HQ plans with new building still on hold

Posted on by Mia Goulart

Earlier this month, CBRE announced plans to relocate its Dallas HQ from 2100 McKinney Ave. to the building next door that once housed its now-obsolete flexible workspace concept, Hana, in Dallas’ Klyde Warren Park.

According to CoStar News, CBRE will move into the space at 2121 N. Pearl St. in the coming months and will occupy 67,000 square feet in the building.

It was reported that CBRE had originally planned to build a new tower in Uptown Dallas, but plans remain on hold due to the current cost of undertaking planned projects.

“We still believe it’s one of the best office sites in America,” CBRE CEO Bob Sulentic told the Dallas Morning News. “And that site is going to get built. It’s a 700,000-square-foot office building, and it doesn’t make sense right now. But we still need to have a global headquarters.”

The new building was expected to be developed by Dallas-based Trammell Crow Co., CBRE’s U.S. development arm, and the project will be reconsidered when office market conditions are right, CBRE told CoStar News.

For now, CBRE’s Dallas advisory and Trammell Crow Co. employees will continue to work out of its existing office at 2100 McKinney Ave.

CBRE confirmed their global HQ will likely be housed at 2401 McKinney Ave. in the future, as construction of a new building will take several years once a decision is made to break ground.  

Revantage, a Blackstone portfolio company, to lease space at Stream Realty Partners’ The QUAD in Uptown Dallas

Posted on by Mia Goulart

Revantage, a Blackstone Real Estate portfolio company, will soon call Stream Realty Partners’ The QUAD home as it expands its employee base in Dallas.

Revantage, which provides corporate services to Blackstone’s real estate portfolio, expects to occupy approximately 32,000 square feet on the third floor of the 12-story, Class AA office tower at 2699 Howell St. The space will accommodate the company’s current Dallas employee base with additional capacity to hire local talent in support of its strategic growth plan. Revantage will maintain its current headquarters and presence in Chicago’s Willis Tower and maintains other office locations around the world including in Europe and Asia.

Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin represented Stream, the owner of The QUAD, in the transaction. Jon McNeil, Torrey Littlejohn, and Christy Rhea of JLL represented the tenant.

Stream, a national commercial real estate firm offering an integrated platform of services, is developing the 345,425-square-foot office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas.” The QUAD is expected to deliver in March 2024. Revantage anticipates moving employees in during the first half of 2024.

The QUAD will set a new standard in Dallas with an integrated “smart” building end-user interface. Pathogen-reducing technologies such as hospital-grade air filtration and outside air circulation on office floors are 50% higher than industry standards. Tenants such as Revantage will appreciate the tower’s full-service fitness studio, top-floor outdoor terrace with expansive views, a club lounge and conference center, an acre of outdoor space, a bike valet, and dedicated underground parking. The building is also steps away from popular Uptown restaurants, hotels, entertainment venues, and multifamily complexes.

Revantage is the third tenant, and largest thus far, to sign on at The QUAD. Stream previously announced that Two Hands, a community-focused eatery based in Australian café culture, will occupy one of the five free-standing retail spaces surrounding the office tower. Chicago Title, the largest title insurer and provider of real estate-related products and services in the world, was the first office tenant to sign on at The QUAD and will occupy 20,000 square feet.

Passco Companies LLC adds new vice president of marketing

Posted on by Mia Goulart

Passco Companies LLC is excited to announce the addition of Clayton Coleman to their team as vice president of marketing. With nearly 10 years of experience in the real estate industry, Coleman will be a key player in Passco’s continued growth and success.

Coleman joins Passco from RK Properties, where he played a pivotal role in the marketing and promotion of the company’s various real estate investment opportunities. Prior to that, he worked for NexPoint Securities, where he was a Delaware Statutory Trust (DST) product specialist.

As vice president of marketing for Passco, Coleman will be based in Dallas and will cover the entire United States. He brings with him a wealth of experience in marketing and communications, as well as an extensive knowledge of the real estate industry. During his time at RK Properties, Coleman served as sales director of national accounts where he was responsible for bringing in new broker-dealers, RIA’s and high net worth clients while maintaining and flourishing existing relationships.

Coleman holds a bachelor’s degree in communications with a minor in business administration from The University of Kentucky. He is a seasoned professional with a proven track record of success in the alternative investment industry.

Industry veteran joins Transwestern as senior managing director, head of acquisitions

Posted on by Mia Goulart

Transwestern Investment Group (TIG®) announces accomplished commercial real estate investment professional Paul Noland has been named senior managing director, head of acquisitions. In this role, Noland will oversee all acquisition activities for TIG nationally, which includes sourcing, structuring, negotiating, and closing investment and development opportunities and financings that meet the mandates of the company’s various separate accounts and discretionary funds. This includes strategies ranging from core to value-add investments in industrial, multifamily, retail, healthcare and life sciences.

Noland joins TIG from L&B Realty Advisors, LLP, where he served as executive vice president, head of acquisitions. Throughout his nearly 20-year career in commercial real estate, he has completed more than $3.5 billion of investments and joint ventures, including $1 billion in the life sciences sector, totaling more than 9.2 million square feet. 

A member of the Urban Land Institute and the International Council of Shopping Centers, Noland earned a bachelor’s degree in real estate and management from Baylor University.

Hartman announces new leasing transactions in Dallas and San Antonio

Posted on by Mia Goulart

Hartman INCOME REIT MANAGEMENT, Inc. has recently announced two leasing transactions in Texas:

  1. Integrated Telecom Solutions renewed 2,018 square feet at 12221 Merit Drive in Dallas, Texas. In the transaction, the tenant self-represented, and Alex Houston represented the landlord, Hartman Income REIT. 
  2. Trinidad Resources, LLC renewed 2,196 square feet at 8610 North New Braunfels in San Antonio, TX. In negotiations, Kaila Brodeur represented the landlord, Hartman Income REIT. 
  3. RealManage, LLC renewed 2,060 square feet at 613 NW Loop 410 in San Antonio, TX. In negotiations, Kaila Brodeur represented the landlord, Hartman Income REIT. 
  • 12221 Merit Drive, Dallas
  • 8610 North New Braunfels, San Antonio
  • 613 NW Loop 410, San Antonio

Owner of Wildcat Management shares corporate experience with SMU Cox students

Posted on by Mia Goulart

Tanya Ragan, owner and president of Wildcat Management, presented a Business Leadership Center (BLC) Executive Speaker Series on February 13, 2023, as part of the Edwin L. Cox Business Leadership Center’s programming for Cox MBA students.

Through the BLC, Cox graduate students gain insight into various facets of business leadership. BLC executive speakers are C-level business leaders drawn from prominent national and international companies, who come to the SMU campus to share their extensive knowledge with Cox students.

BLC Executive Speakers include representatives from Wildcat Management, Bank of Texas, Copart Direct, Keurig Dr Pepper and many more.

Although no class credit is given for attendance, students consistently rate what they have learned from BLC executives as extremely valuable, and many students say that the BLC was a major factor in their decision to attend Cox.