Pure REIT Pays $49M for Dallas Area Multifamily

Nov 8, 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. Trammell S. Crow gives another $100000 for legal defense of Farmers Branch …

Trammell S. Crow, the 61-year-old Dallas heir to a real estate empire, donated another $100,000 to the Farmers Branch Legal Defense Fund in support of the suburb's efforts to bar illegal immigrants from rental housing. This comes just a few months
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Dallas Morning News (blog)

REAL ESTATE: Inland home prices up 5.2%

Prices have also risen nine-tenths of 1 percent from August. With the sale of homes not listed as a short sale or real estate owned, or REO, property taken out of the mix, year-over-year prices in the San Bernardino, Riverside and Ontario areas are up
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Thompson & Knight opens Los Angeles office

Zabarauskas tells me that the LA office will handle just about any matter the law firm would handle out of its Dallas office, including commercial litigation, corporate restructuring, tax advice and real estate law, to name a few. “Los Angeles is a
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LIVE BLOG: Dallas and Texas elections

Lois Parrott, a former president of the Dallas Independent School District board, is running for the state board against Geraldine “Tincy” Miller, an executive with a Dallas commercial real estate company. Miller is a Republican. Parrott is a Democrat
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Dallas Morning News (blog)

Pure REIT Pays $49M for Dallas Area Multifamily

Pure Multi-Family REIT LP, an apartment real estate investment trust based in Vancouver, Canada, completed its purchase of Bear Creek, a 436-unit complex in the Dallas-Fort Worth Metroplex for $49.35 million or $113,188 per unit. Internacional Realty Inc.
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