Heady Investments to start new Tollway office building in Plano

Plano-based Heady Investments, in partnership with Scott Beatty and the Beatty family, has decided to build a new office building at the southwest corner of Tennyson Parkway and the Dallas North Tollway in Plano.

Construction on the seven-story, 210,000-square-foot office building, called Legacy South Office Center, is slated to get underway on the 4.4-acre tract by the end of the year.

Click to read more at Dallas Business Journal.

Fort Worth investor buys community in Frisco’s touted ‘$5B Mile’

Fort Worth-based real estate investor Olympus Property has expanded its Texas portfolio with the acquisition of a luxury mid-rise apartment community along the Dallas North Tollway within Frisco’s touted ‘$5 Billion Mile.’

The 282-unit apartment community, called Boulevard at Frisco Square, sits near Toyota Stadium in Frisco. Olympus Property also changed the name of the community to Olympus Boulevard.

Click to read more at Dallas Business Journal.

Thom Ridnour Joins CBRE’S DALLAS Office Agency Leasing Team

DALLAS – August 8, 2017 – CBRE announces that Thom Ridnour, a seasoned commercial real estate professional, has joined CBRE’s Office Agency Leasing team in Dallas.

Mr. Ridnour will join CBRE as a Senior Vice President specializing in the marketing and leasing of office projects in the Dallas/Fort Worth region. He will also work across lines of business to leverage the investor relationships he has formed over the course of his career. Mr. Ridnour has over 35 years of experience in commercial real estate and has been involved in the leasing management, development, re-development or oversight of over 70 projects in Dallas. 

“I have complete confidence that Thom’s expertise and extensive work in the industry will result in exceptional outcomes for our clients,” said Chris Hipps, CBRE Senior Managing Director. “He is a great asset to CBRE and we look forward to the contributions he will make to continuing our team’s success.”

Mr. Ridnour joins CBRE from Parmenter where he most recently served as senior vice president and leader of the leasing efforts for their 3.2 million square foot portfolio. Prior to Parmenter, Mr. Ridnour held executive positions with Clayco, Trizec, Transwestern and Centre.

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.



Massive entertainment destination gets started next to this Buc-ee’s in DFW

An entertainment destination with everything from an 8-screen theater to a 24-lane bowling alley has been kicked off adjacent to the new Buc-ee’s Travel Center at Crossroads at Terrell.

Upon completion, it will be even bigger than Buc-ee’s Travel Center by about 12,000 square feet.

Click to read more at Dallas Business Journal.

Dallas’ Jacobs to buy Denver-based rival in $3.27B deal

Global engineering firm Jacobs Engineering Group Inc. (NYSE: JEC) has decided to buy one of its rivals — Denver-based CH2M HILL Companies Ltd. — in a deal valued at $3.27 billion, which will give the Dallas-based firm a much-needed foothold in the United Kingdom.

The deal comes on the heels of rumors circulating that Jacobs was considering the acquisition, but was also weighing some of CH2M’s outstanding liabilities. In the deal, Jacobs will acquire all the outstanding shares of CH2M in a cash and stock deal valued at $3.27 billion, which includes about $416 million of debt.

Click to read more at Dallas Business Journal.

Biggest DFW food distribution hub to hit the market in a decade could attract major operator

The biggest refrigerated food distribution facility to land on the market in Dallas-Fort Worth in the last 10 years is being shopped around town and could bring a major grocery operator to the region.

Associated Wholesale Grocer’s decided to consolidate its regional operations in Oklahoma and put the nearly 1.15 million-square-foot facility on a 90.68-acre tract at 7550 Oak Grove Road in Fort Worth on the market.

Click to read more at Dallas Business Journal.