Parallel Capital Partners picks up high-profile Irving office complex
San Diego, Calif.-based investor Parallel Capital Partners has re-entered the Texas market in a major way by picking up a high-profile Irving office complex.
A partnership between Parallel Capital Partners and Angelo, Gordon & Co. purchased Urban Towers, a two-building Class AA high-rise office tower complex, totaling more than 850,000 square feet on 11.2 acres within the Las Colinas business district.
Read more at Dallas Business Journal
Best Neighborhoods: Las Colinas' Hackberry Creek takes No. 1 spot
Hackberry Creek ranked No. 1 in The Dallas Morning News' data analysis of best neighborhoods for wealthy buyers in the Irving, Coppell and Valley Ranch areas.
The analysis was based on neighborhoods with a median home value of $250,000 or more.
The News based its rankings on such factors as safety, neighborhood maintenance and ease of commute, weighted according to the surveyed preferences of individuals in the Dallas-Fort Worth area who identified themselves as making more than $85,000 per year. Price-sensitive factors like affordability, home-value appreciation and quality of public schools did not factor into the analysis.
Read more at dallasnews.com
College Football Playoff Selects Las Colinas for its HQ
The newly formed College Football Playoff has selected Irving for its national headquarters, leasing 6,769 square feet in The Summit at 545 E. John Carpenter Fwy. in Las Colinas.
Read more at D Magazine
Uplift Abandons Contract for Walnut Hill Property
Read more here
Las Colinas sees almost 50% increase in building permit applications
Irving's building permits are at the highest level in years, as demand for commercial and residential development grows. Las Colinas has seen a nearly 50 percent increase in single family permit applications during the past fiscal year. "If we stay on track we should be the highest number of residential permits in about four years," said Gary Miller, the city's director of planning and inspections.
Read more at NBCDFW.com
Las Colinas Cited in Top 50 Cities Report
The Sept. 23, 2011 Bloomberg Businessweek named Irving as No. 50 of the best cities in America, citing Las Colinas as one of the major reasons for the ranking.
Read more at Businessweek.com