Author Archives: Shawn Dawson

NEW YORK (TheStreet) — The Securities and Exchange Commission is suing former executives of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) for allegedly misrepresenting their exposure to subprime loans to investors, according to a report by the Wall Street Journal. The executives include former Freddie Mac Chief Richard Syron and Fannie Mae CEO Daniel Mudd. The SEC alleged that Fannie Mae executives [...]

DALLAS (Dallas Morning News) – Pelli Clarke Pelli will design a mixed-use project in Uptown for Crescent Real Estate Holdings LLC. The $225 million development will include an office tower, 60,000 sf of retail and restaurant space, and 50 luxury residential units. It will be at Cedar Springs Rd. and Olive St. The firm’s owner, Cesar Pelli has [...]

FORT WORTH (Fort Worth Star-Telegram) – According to the latest figures from McGraw-Hill Construction, commercial building contracts in the Metroplex totaled $166.9 million in October, down 38 percent from a year ago. Meanwhile, residential contracts totaled $544.5 million, up 28 percent. Year to date, commercial contracts through October totaled $3 billion, down 2 percent compared with [...]

HOUSTON (realtynewsreport.com) – Where will investors be putting their money next year? Multifamily properties, according to a recent 2012 outlook survey conducted by Jones Lang LaSalle. Survey respondents said rising rental rates and declining home ownership rates suggest strong apartment investment activity in the coming year. And take note, Dallas: When asked where in the [...]