Luxury mixed-use in Upper Kirby signs boutique, Indian restaurant, hair salon

Kirby Collection, a new luxury mixed-use development in Upper Kirby, is adding three more retail tenants.

New York-based developer Thor Equities announced Jan. 3 that A Ma Maniére, Great W’Kana Café and Atelier Isabelle Rose recently signed leases. Austin Knief and George Stanchfield of Thor Equities represented the landlord, Thor, in all three transactions.

A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release. Jerald Vascoe represented A Ma Maniére in the lease. 

Click to read more at Houston Business Journal. 

Dallas ISD’s former headquarters along Ross Avenue near downtown Dallas getting major makeover

A Dallas-based investment firm plans to transform the former Dallas Independent School District headquarters along Ross Avenue from administrative offices into a luxury rental community while saving the architecture of the historical building.

Dallas ISD left the corporate office at 3700 Ross Avenue in downtown Dallas to consolidate into an office building along North Central Expressway, giving the school district a more efficient footprint.

Click to read more at Dallas Business Journal. 

Indeed, like HomeAway and Facebook, sets up another huge office in Austin’s ‘second downtown’

Indeed.com, the booming aggregation website for job seekers, is another marquee company going all in at The Domain in North Austin.

The 300-acre mixed-use development, which has risen like a phoenix in the past decade, has become Austin’s second downtown and is nearing build-out with tech-focused companies — Amazon, Facebook and HomeAway, to name a few — snagging a piece of prime real estate.

Click to read more at Austin Business Journal. 

Houston developer’s long-awaited apartment tower in Upper Kirby underway

Hanover River Oaks — a luxury apartment tower originally proposed in 2014 — broke ground in Upper Kirby last month, according to Holliday Fenoglio Fowler LP.

HFF announced Jan. 4 that it represented Houston-based Hanover Co. and institutional investors advised by J.P. Morgan Asset Management to capitalize the equity and construction financing for the project’s development. HFF’s team representing Hanover included Managing Director Cortney Cole, Executive Managing Director Scott Galloway and Director Dustin Selzer.

Click to read more at Houston Business Journal. 

Mixed-use development near the Dallas Cowboys’ headquarters in Frisco sells to REIT

A big part of Frisco Square, a mixed-use development near the Dallas Cowboys’ world headquarters and practice facility, has sold to a publicly-traded real estate investment trust. The purchase includes three office buildings, two apartments with ground-floor retail, a Cinemark movie theater and some additional developable land sites.

In all, an affiliate of Kansas City, Missouri-based Maxus Realty Trust Inc. (OTCMKTS: MRTI) acquired more than 213,000 square feet of Class A office and retail space, along with 144 high-end apartments. Terms of the deal were undisclosed.

Click to read more at Dallas Business Journal.

Guess who has the biggest development pipeline of apartments in the U.S

The hot real estate market has Dallas-Fort Worth apartment developers holding the biggest supply of new apartments in the United States.

But the New Year could bring a new reality for the Big D.

North Texas’ ongoing construction totaling 30,296 apartment units is noticeably down from last year’s peak of 39,700 units in the construction pipeline, but is still significantly more than big markets, such as New York and Los Angeles, said Greg Willett, chief economist for RealPage Inc. (Nasdaq: RP).

Click to read more at Dallas Business Journal