Cousins buys Dallas office tower of $59M

Aug 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. David and Melina Montelongo – Creating Successful Real Estate Investors …

The Montelongos have aligned themselves with a strategic partner, Accelerated Wealth, owned by Tobey Waggoner and Dallas Tall. The seminars series, and several real estate buying tours will be done in conjunction with Accelerated Wealth, a provider of
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AmREIT Reports Refinancing of Uptown Plaza Dallas [Manufacturing Close – Up]

AmREIT, Inc. , a real estate company that has elected to be taxed as a real estate investment trust, announced the successful refinancing of the mortgage loan on its Uptown Plaza Dallas property through one of its subsidiaries. According to a release
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Big investor in J.C. Penney says he supports CEO Johnson

The Dallas Morning News reported that Vornado Realty Trust chairman Steve Roth told a conference call with analysts on Tuesday that he's "committed to" his company's investment in J.C. Penney. "We have an enormous amount of confidence in Ron
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New York Enacts Legislation Authorizing Real Property Exemptions for Green …

DALLAS, Aug. 7, 2012 — /PRNewswire/ — On July 18, 2012, New York Governor Andrew Cuomo signed Senate Bill 1462 into law authorizing a municipal corporation to provide a real property tax exemption for improvements to Leadership in Energy and
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Cousins buys Dallas office tower of $59M

Cousins Properties Inc. bought an 844000-square-foot, class-A office building in Dallas' Arts District submarket for $59.2 million. Atlanta-based Cousins (NYSE: CUZ) said it acquired the property at 2100 Ross Avenue at a foreclosure auction for $70 per
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