Barneys closing at NorthPark is a blow to Dallas' luxury market

Oct 9, 2012 | No Responses

Uptown Dallas

Uptown Dallas is one of the neighborhoods that gives Dallas its metropolitan feel and, as such, has earned a reputation as one of the more “high-brow” and trendy areas of town. Located just north of downtown Dallas and east of Oaklawn, Uptown is a popular place for young professionals to both live and play. As far as rental and residential solutions, there are a number of high-rises, townhomes, and apartments that cover the area. The State Thomas and West Village areas combine city living with street level retail to give residents a true urban living experience. This city style living comes at a cost, though, and makes Uptown one of the most expensive areas in Dallas to rent or buy. Most of the development in the area is relatively new, having been built within the past 10 to 20 years, and new developments are popping up every day. Make no mistake, real estate prices in Uptown are only headed up. Newmark Grubb Knight Frank's N. Texas office moves to Uptown

As Newmark Grubb Knight Frank looks to expand its North Texas operations, the newly formed real estate brokerage firm plans to move the majority of its Plano office to Uptown Dallas. The firm recently signed a 10-year lease for about 14,000 square feet
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Cummins planning new diesel engine facility off Interstate 20 in Southwest Dallas

The City of Dallas worked with the company to provide property tax abatements and line up other economic incentives for the project which total about $4.7 million in value over 10 years. Cummins will join Jack in the Box, Costco, Nestle, Niagara
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Dallas Morning News (blog)

Lincoln Plaza in downtown Dallas gets new investment manager

Houston-based Lionstone's local operating partner, Dallas-based PegasusAblon will assume local leadership of the tower. CBRE will continue to serve as the property manager. Lincoln Plaza is part of a $3.4 billion core portfolio owned by CalSTRS, which
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Dallas' Ritz residences featured in WSJ's new “mansion” section

Then there's page M4, where our beautiful Tower Residences at the Ritz-Carlton in Dallas makes our city proud. And finally, real estate class: no snarkiness snap at Museum Tower. We are given a chart in the print version comparing staying at a luxury
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Barneys closing at NorthPark is a blow to Dallas' luxury market

While it appears that Dallas has one of the healthiest real estate markets in the country and our state has no shortage of millionaires and billionaires — we're losing our Barneys? As Dallas Biz Journal reporter Steven Thompson notes, Barneys was
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