Dallas Real Estate

Jones Lang LaSalle Reveals Real Estate Investment Concentrated in 30 Cities
"Back in 2004, Tokyo and Hong Kong were the only Asian cities in the top 10 cities for real estate investment," said Roberts. "Last year, however, we saw Tokyo, Hong Kong, Singapore, Shanghai and Seoul make the list." While much global attention has …
Read more on PR Newswire (press release)

Hearse used after 1963 slaying of JFK in Dallas sells at auction for 6000
Stephen Tebo, a collector and real estate developer from Boulder, bought the hearse Saturday that was being offered by Barrett-Jackson Auction Co. of Scottsdale, Ariz. It sold for a bid of $ 160000, plus a $ 16000 buyer's premium.
Read more on Washington Post

Stoneleigh becomes Luxe Hotels-branded property
The Stoneleigh Hotel & Spa in Uptown will be branded as a Luxe Hotels property in the second quarter this year. The historic Stoneleigh Hotel & Spa in the Uptown area of Dallas has joined the Luxe Hotels portfolio of properties, the company announced …
Read more on Bizjournals.com

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DENVER (July 24, 2007) – Baceline Investments, LLC, a Denver-based real estate investment company with holdings in Dallas, Denver, Chicago, Minneapolis, Omaha and Kansas City, announced today it has sold two real estate properties, Parkway Shopping Center in Dallas and Two Marriott Drive in suburban Chicago. Both properties were sold to private investment groups, Parkway for $8.98 million and Two Marriott Drive for $5 million.

Parkway Shopping Center is a 64,000-square foot, multi-tenant retail property in North Dallas. The property is the second to be sold from Baceline’s No Debt Real Estate Investment Fund I portfolio. Baceline acquired Parkway Shopping Center in April 2004. Two Marriott Drive is a 41,500-square-foot office building in Lincolnshire, Ill. Baceline purchased the property as an independent, value-added investment opportunity in November 2005. It was not assigned to any of Baceline’s No Debt Fund portfolios.

“The timing of these transactions aligned well with favorable market conditions,” said David Puchi, Principal of Baceline Investments. “We were able to exceed our investment expectations on both properties.”