In a statement, Santa Ana, CA-based Grubb & Ellis said it believes the acquisition by the investment firm headed by Cantor Fitzgerald CEO Howard Lutnick “will bring the much-needed scale and resources the company had been seeking through its strategic process” and will position Grubb & Ellis to “become part of a well-capitalized global platform.”

“Following a thorough and rigorous process and the evaluation of all available options, we determined that a partnership with BGC provides the best platform for our brokerage professionals, employees and clients,” said Thomas P. D’Arcy, president and chief executive officer of Grubb & Ellis. “We believe the transaction will be seamless for our clients and we expect no disruption to the company’s operations.

“Furthermore, we believe our professionals and clients will benefit greatly by being part of the BGC organization, which, with its recent acquisition of Newmark Knight Frank, will bring together two strong brands to create a powerhouse in the commercial real estate space. BGC’s purchase of the company’s senior debt and its willingness to provide incremental financing to ensure the smooth execution of the sale process demonstrate its commitment to the success of the Grubb & Ellis business.”

To execute the bankruptcy sale, BGC said it has acquired the outstanding secured debt of Grubb & Ellis and has committed to provide debtor-in-possession financing to fund Grubb & Ellis operations during the sale and bankruptcy process.Grubb & Ellis has filed motions requesting that the bankruptcy court approve sale procedures and set a hearing date to approve the sale.

Lutnick, chairman and CEO of BGC, said the deal reflects the “deep and unwavering commitment” of BGC to build a premier position in real estate services.

“We agreed to acquire Grubb & Ellis because we believeNewmark Knight Frank’s and Grubb & Ellis’ broad knowledge and extensive brokerage expertise, combined with BGC’s powerful proprietary technology and our strong financial backing, will enable Grubb & Ellis to thrive and grow as part of the BGC family of companies.”

Barry M. Gosin, CEO of Newmark Knight Frank, pointed to the “tremendous” synergies between NKF’s's consultative approach to clients and Grubb’s transactional and management services capabilities. James D. Kuhn, NKF president, added that Newmark Knight Frank’s business model has been “dramatically strengthened” upon becoming part of BGC and believes Grubb & Ellis’s brokers, employees and clients would find the same opportunities to grow.

The announcement comes a week after longtime Grubb & Ellis Co. director C. Michael Kojaian resigned from the company’s board of directors, in part to “avoid actual or apparent conflicts of interest” in connection with his affiliated companies.

Negotiations with several prominent companies in recent months, including BGC Partners, C-III Capital Partners and Colony Capital, had failed to yield an agreement that would infuse enough cash into the company to continue operations.

Most of the reports about the development have been bad of late.

Just last week, lenders foreclosed on one of its biggest buildings.

So truly, it is about time for Victory to catch a break.

For more than a decade the ambitious project has gone from boom to bust, from controversy to celebration.

One thing hasn’t changed along the way — the 75-acre development’s strategic location on the northwest corner of downtown Dallas.

That’s why there will soon be construction cranes rising again over Victory Park.

But what’s going to be built won’t be more of the same.

Instead of expensive condos that have gone begging or more high-priced retail space, Victory’s developers are going to add a new office tower and midrise apartments.

Demand for this new space will boost Victory’s population — something that must happen if the project is going to be what was once envisioned.

Victory has a storied past.

The project started out with a political battle over building the American Airlines Center sports arena and the surrounding mixed-use complex. Voters finally approved the project after a virulent public campaign.

Actually, that part of the project turned out even better than planned. The city of Dallas paid off 17 years ahead of schedule the $140 million in bonds used to build the arena and infrastructure.

After the arena was under way, it still took a while to get the rest of the project going.

The New York firm originally hired to build Victory pulled out of the deal in 2003 after almost four years of planning.

Victory’s owners — developer Hillwood and companies affiliated with the arena’s sports teams — then went back to the drawing board to come up with a new scheme.

What they picked was set by the tone of the times.

The high-end condos and shops that went up at Victory did OK until the recession hit and the economic downturn let all the air out of the deal. It wasn’t long before Victory’s storefronts were going dark.

Last week lenders foreclosed on the 28-story, mostly unsold House condo tower.

The German bank that now owns the luxury high-rise has marked it down from almost $80 million in debt to about $32.5 million.

In 2009, German investors who had invested more than $185 million took control of the buildings and some of the land at Victory.

Since then, the office buildings and apartments at Victory have filled up.

The more than 600,000 square feet of existing office space in Victory is 95 percent leased. And the two current apartment buildings — Vista and Cirque — are 98 percent occupied.

No wonder Victory’s owner has decided to go with more offices and apartments.

But most important in this week’s construction announcements at Victory is the proof that the German owners are going to stick with the deal for a while. It would have been easy for them to just liquidate Victory for cents on the dollar and turn their backs on the whole project.

“We are committed to making Victory Park become the icon for Dallas it was supposed to be,” said Lance Fair, vice president of Victory Park and chief operating officer of Estein & Associates, the company that represents the German owners. “We are long-term investors, and that’s our approach with Victory.”

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 designed some of the world’s modern landmarks, including Petronas Towers in Malaysia.

Year to date, commercial contracts through October totaled $3 billion, down 2 percent compared with a year ago. Residential contracts totaled $4.4 billion for the first ten months, up 10 percent.

Statewide numbers for the year show commercial contracts down 13 percent at $11.5 billion and residential contracts remaining flat at $14.6 billion.

The area includes Collin, Dallas, Delta, Denton, Ellis, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant and Wise Counties.

Homeprices in the U.S. increased for the fourth consecutive month, inching up 0.8 percent on a month-over-month basis. On a year-over-year basis, however, national home prices, including distressed sales, declined by 5.2 percent in July 2011 compared to July 2010. In June 2011, prices declined by 6.0 percent* compared to June 2010. Excluding distressed sales, year-over-year prices declined by 0.6 percent in July 2011 compared to July 2010 and by 1.9* percent in June 2011 compared to June 2010. Distressed sales include short sales and real estate owned (REO) transactions.

Highlights as of July 2011

• Including distressed sales, the five states with the highest appreciation were: West Virginia (+14.0 percent), New York (+3.3 percent), Wyoming (+3.2 percent), Mississippi (+2.4 percent), and the District of Columbia (+2.3 percent).
• Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.2 percent), Arizona (-11.9 percent), Illinois (-10.0 percent) 
• Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+16.8 percent), South Carolina (+5.5 percent), New York (+4.1 percent), Wyoming (+3.8 percent), and North Dakota (+3.6 percent)

  .

“While July’s numbers remained relatively positive, particularly for non-distressed sales which have been stable, seasonal influences are expected to fade in late summer. At that point the month-over-month growth will most likely turn negative,” said Mark Fleming, chief economist with CoreLogic. “The slowdown in economic growth and increased uncertainty caused by the recent stock market volatility will continue to exert downward pressure on prices.”

By STEVE BROWN

Real Estate Editor

stevebrown@dallasnews.com

Published 08 August 2011 10:57 AM

An Irving hotel firm is transforming a vacant downtown Dallas office building into an all-suite hotel.

The former United Fidelity Life Insurance Building at 1025 Elm St. has been vacant for more than a decade.

Earlier this year, Lowen Hospitality Management bought the property out of foreclosure. It has begun work to convert it to a Homewood Suites by Hilton Hotel.

The first phase is to gut the old building and ready it for redevelopment, Lowen officer Sanjay Naik said Monday.

“It will definitely take the rest of this year to clean it out,” Naik said. “We don’t have an opening date scheduled yet.”

Built in 1918, the 10-story high-rise originally housed the offices of the Texas & Pacific Railroad.

In 1920, United Fidelity bought the Texas & Pacific Building located between Elm Street and Pacific Avenue and moved its office into the lower floors of the high-rise. Most of the building remained occupied by the railroad into the 1950s.

The insurance company in 1959 decided to modernize the classical-style high-rise with a glass and metal exterior.

That’s when an adjoining five-story parking garage was constructed facing Griffin Street.

The brown glass building for many years housed operations of First National Bank of Dallas and its successor companies.

Dallas architecture, engineering and design firm Aguirre Roden Inc. is handling the work on the renovation project.

“We are in the design phase of the renovation as well as performing some demolition work,” executive vice president Gary Roden said.

The Elm Street project is the third new hotel development under way downtown.

Construction will be completed later this year on the Omni Dallas convention hotel on Young Street. South of the convention center on Lamar Street, development has begun on a 76-room Nylo Hotel.

By STEVE BROWN

Real Estate Editor

stevebrown@dallasnews.com

Published 04 August 2011 10:25 PM

During the first half of 2011, almost a half-billion dollars in Dallas-Fort Worth area commercial properties were sold by lenders on the courthouse steps.

The total sounds big, but the dollar volume and number of commercial property foreclosures in the area are down from the same period last year. And the expected flood of commercial real estate sales by lenders just hasn’t materialized.

“What we are seeing is just phenomenal compared to what it could have been,” said George Roddy, whose Foreclosure Listing Service tracks North Texas property foreclosure postings and sales. “We heard predictions of how much commercial property would be foreclosed on, and it hasn’t gotten there yet.”

In the first six months of the year, just over 300 commercial properties — including offices, retail buildings, apartments, warehouses and development land — were sold at auction by lenders, Roddy’s data shows. That’s about a 7 percent decline from the same period last year.

The dollar volume of the foreclosures is down even more — about 30 percent less than in 2010.

In number and dollar amount, the current downturn’s commercial foreclosures are nothing like what North Texas saw in the late 1980s and early 1990s real estate crash.

“We were running in Dallas County 300 to 400 sales a month back then,” Roddy said. “Compared to that, the last few years have been anemic.”

Not that North Texas hasn’t had plenty of commercial foreclosures so far in 2011.

The largest included an LBJ Freeway office complex — the Fenton Center in Farmers Branch — and theCrowne Plaza hotel in Addison.

Lenders also foreclosed on parts of a new shopping center on State Highway 121, the Lewisville Town Crossing. And big development sites in Irving and Frisco went into lender control.

Lost land

Development land accounted for the biggest share of commercial property foreclosures so far this year in the D-FW area. More than 100 tracts with more than $178 million in debt went into foreclosure.

Office buildings, with almost $85 million in debt, and apartments, with more than $80 million in mortgages, were also sold at foreclosure, according to Foreclosure Listing Service’s data.

So far, some lenders have been reluctant to take over failed commercial real estate deals.

That’s given the market time to sort out some of its problems, said Stuart Wernick, senior vice president of Grandbridge Real Estate Capital.

“A lot of the lenders have been able to work out the problems with their borrowers,” Wernick said. “They are being patient and working with their clients, who have acted honorably.

“There is also some new capital out there that has shown up to save the day,” he said. “Interest rates have remained low, and that’s helped, too.”

Train wrecks

Still, hundreds of North Texas commercial properties face debt issues in the year ahead, analysts say.

And billions in local property loans will come due over the next few years and must be refinanced.

“There are train wrecks waiting to happen, still working their way through the system,” said Tom Fink, managing director of Trepp LLC, a New York commercial mortgage information firm.

Trepp estimates that of the more than $19 billion in outstanding commercial mortgages in the D-FW area that have been sold as securities, about 11 percent are delinquent.

“You should see some time over the next 24 months another $1.3 billion hit the courthouse steps,” Fink said.

He estimates only about a third of the problem deals have been foreclosed on so far.

“The process has gone a lot slower than anyone ever thought it would,” he said.

Top foreclosures

Some of the most expensive of the commercial properties sold at foreclosure auction in the first half of 2011 and their original loan values:

Fenton Center office complex, Farmers Branch: $62 million

Crowne Plaza Hotel, Addison: $30 million

Parts of Lewisville Towne Crossing shopping center: $20 million

Frisco Main Street and tollway mixed-use land: $19.8 million

Irving land, 109 acres, State Highway 114 and Belt Line Road: $14.3 million

SOURCE: Foreclosure Listing Service

The report was issued by the Texas Association of Realtors (TAR) using Multiple Listing Service data compiled by the Real Estate Center at Texas A&M University.

“Though statewide sales volume is down compared to 2010, when the tax credits were having the biggest impact on our market, we’re right on pace with the second quarter of 2009,” said TAR Chairman Dwight Hale.

Center Research Economist Dr. Jim Gaines said he is not surprised by the decrease in sales, given the impact of last year’s tax credits.

Demand for office space has grown significantly in the Metroplex in second quarter 2011.

Office leasing has hit its highest point since before the recession in 2008, according to Cushman & Wakefield of Texas.

Net leasing so far this year is at almost a half million sf, the firm said.

The largest increases in leasing have been in Frisco and West Plano, with Dallas’ Uptown District and Richardson’s Telecom Corridor having large leasing gains as well.  DALLAS (Dallas Morning News)

NEW APARTMENT DEVELOPMENT AT CENTREPORT

Phoenix-based Alliance Residential has acquired 16.3 acres in the CentrePort Business Park for an apartment development to the south of the Dallas-Fort Worth International Airport.

The 344-unit apartment community will be on Centre Station Dr. across from the company’s Broadstone CentrePort Apartments.

Alliance expects the new development to be completed in late 2012.  Fort Worth Star-Telegram

So what does this mean? Simply put, you only have a few months left to buy at rock-bottom prices with low interest rates. If the idea that interest rates are low shocks you, you would be surprised to learn that, in reality, interest rates are the lowest they’ve been in the past 50 years. MoneySense Editor Heinz Bulos comments that “[a] good time to buy a  [. . .] home is when interest rates are low, like this year. This will allow you to lock in a low, fixed rate for a 25-year mortgage.”

And if you’re worried about those mortgage payments, look around and you’ll notice that there’s been a big drop in prices “on the order of 30% nationwide since 2006, and as much as 55% in the hardest hit markets,” as CNN informs us. But remember that part about how “you only have a few months left to buy at rock-bottom prices”? That’s because these low prices are mainly because of the incredibly low demand in the real estate market right now. While you can currently buy a house at the fraction of the price you would have paid years ago, you should go ahead and buy now to make sure that you can get that low price before the market fully rebounds.

What you want to take away from this is that, after all of the anxiety of the past few years of economic rockiness, the public is regaining their faith in buying real estate. If you want to get the best deal you should beat the crowd and buy now. So get out there and grab it while you can!

James Kim writes for Austin Real Estate service Homecity.com. HomeCity combines powerful online Austin MLS search technology and other online tools with personalized real estate services to provide clients with the knowledge they need to make the right buying and selling decisions.

“The market feels so much better than it did two years ago and a great deal different than a year ago,” Terry Montesi, CEO of Trademark Property Co., said at a Friday breakfast meeting sponsored by The Dallas Morning News. “Most of the retailers are now healthy.

“And for good retail spaces, there is a ton of demand,” the Fort Worth-based developer said. “But nobody is building squat.”

With retail construction in the Dallas-Fort Worth area at the lowest level in more than 15 years, the shopping center market will have a chance to recover from the recession, which saw increased store closings and consolidations, industry leaders say.

“On the supply side, we are seeing very little new development,” said Steve Lieberman, CEO of Dallas-based Retail Connection. “We think it will be another 18 to 24 months” before construction picks up.

Full Story:

http://www.dallasnews.com/business/commercial-real-estate/20110506-retail-property-market-gaining-ground-experts-say-at-dmn-sponsored-event-.ece

By STEVE BROWN

Real Estate Editor

stevebrown@dallasnews.com

Knightvest Capital purchased the 196-unit Timmaron Ridge Apartments at 9850 Whitehurst Drive in Dallas. Transwestern’s Mark Freeman and Taylor Snoddy brokered the sale.

MobileComm Ventures LLC purchased 11,994 square feet of office space at 465 State Highway 190 inRichardson from Custer Commons LP. Dennis Barnes and Rick Rensi of CB Richard Ellis brokered the deal with Janice Peters and Sanober Syed of Hudson Peters.

A local private investor purchased the 160-unit Pebble Cove apartments at 4302 Woodhollow Drive in Dallas. Al Silva of Marcus & Millichap Real Estate Investment Services brokered the sale.

Real estate editor Steve Brown compiles this list.

stevebrown@dallasnews.com

A company that lets consumers make free and low-cost phone calls over the Internet has moved its headquarters from Connecticut to Dallas, and officials said it is on track to quadruple its revenue this year compared with 2010.

Take Canton Townhomes, for instance. The development is a few blocks from Dallas’ downtown financial district on Canton St. Units are priced from $275,000 to $325,000.

“We have completed six so far, and six are sold,” said project general manager Dana Green. “We have eight more under construction, and three of those are sold.”

The project’s developer, InTownHomes LLC, recently acquired the vacant block across from the current project and plans to build 100 more of the three-story townhomes there.

Meanwhile, area homebuilder Bruno Pasquinelli is about to begin work on the first of around 40 single-story Mediterranean-style townhomes in McKinney’s Craig Ranch development. The townhomes will start around $195,000.

Pasquinelli’s CB JENI Homes is also planning townhomes in Plano’s Enclaves of Willowcrest neighborhood, starting at $185,000, and in Chase Oaks, starting in the $140,000s.

Just over 17,400 existing single-family homes were sold last month.

Median home price remained unchanged at $144,100, and the state’s overall inventory was at 7.6 months.

March 2011 MLS data for many Texas cities are available on the Center’s website. Here is a sampling (data current as of today):

COLLEGE STATION (Real Estate Center)

The 750,000-square-foot corporate training facility sprawls across the rolling landscape of the Circle T Ranch northwest of Dallas-Fort Worth International Airport.

Almost 500 permanent workers will be housed in Deloitte University when it opens late this year.

But the 35 classrooms and housing for “students” will accommodate tens of thousands of Deloitte professionals who’ll visit the facility each year.

The five-story building looks pretty much like a luxury resort as it curves along the shore of a man-made lake that’s still under construction.

The project is estimated to cost about $300 million, making it by far the largest and most expensive private-sector commercial building under way in the Dallas-Fort Worth area.

Visitors to the facility will need roller skates to get from one end of the long, narrow complex to the other — more than the length of two football fields.

The folks at Hillwood, developers of the Circle T Ranch and the AllianceTexas complex, let me hitch a ride on one of their helicopters this week to see the new Deloitte campus.

Even with all the large corporate facilities that Hillwood has had a hand in building in north Tarrant and Denton counties over the years, the Deloitte building is a standout.

“They expect 45,000 people a year will come through the facility,” said Mike Berry, president of Hillwood Properties. “I don’t think we yet realize what the impact of this will be.”

To put it in perspective, 28,000 people work in the entire AllianceTexas project.

Although the Deloitte campus has been under constriction for almost two years, it’s pretty much invisible from nearby highways.

“You can’t see it from the road because it sits down in the valley behind trees and hills,” Berry said.

Along with 800 hotel rooms, the project will have “fitness, dining, outdoor jogging trails and a number of on-site recreation activities,” he said.

There’s an amphitheater, ballroom and dining facilities, too.

San Francisco-based Gensler is the architect on the project.

Hillwood won the Deloitte project after the company looked at multiple locations.

“It was the first such global competition we had with locations around the world,” company founder Ross Perot Jr. said.

To see more of The Dallas Morning News, or to subscribe to the newspaper, go to
http://www.dallasnews.com. Copyright (c) 2011, The Dallas Morning News

DALLAS, April 22, 2011 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Davis Building, a Class AAA luxury urban infill mixed-use property. The investment includes a 20-story high-rise building featuring a beautiful Neo-Classical facade and including 183 loft-style apartment units, 52,235 feet of premier retail space and the twelve-level 600-space Metropolitan parking garage. The property was built in 1926 as an office building and was converted into an ultra-luxury apartment in 2003. The sale closed on April 21, 2011. The Davis Building is ideally located in the Main Street District of Downtown Dallas, bordered by Main, Elm and Field Street. The property was purchased through a receivership sale with debt financing provided by J. E. Robert Companies. The property is 95% leased as of the close of escrow. The purchase expanded Bascom’s Texas portfolio to 24 properties totaling 8,480 units. Bascom purchased The Davis Building from the receiver withRyan Epstein from Marcus and Millichap representing both parties. The acquisition was led by Jeffrey Fuller, Han Jang andPaul Miskowicz of The Bascom Group. The onsite property management will be assigned to Entrada Partners and the parking management services will be assigned to LAZ Parking.

The Davis Building resides on 0.78 acres and consists of a wide range of floor plans including one, two, and three-bedroom configurations with an average unit size of 1,036 sq ft. The property was converted into luxury residential lofts in 2003 and has extensive common area amenities including: an attached six-level parking garage with direct access to the building, boutique lobby, rooftop garden, rooftop swimming pool and Jacuzzi, skyline views, cabana lounge with television, fitness facility with custom equipment, underground tunnel access to numerous nearby commercial buildings and underground, retail shops and restaurant onsite, enclosed dog park on the top floor of parking structure, tanning bed, music playing in all corridors, on-site courtesy officer, and a private loading dock. Unit interiors feature terrazzo flooring, black granite countertops, twelve to twenty foot ceilings, exposed ductwork, plaster and brick exposed walls, stained maple wood kitchen cabinetry, full appliance package, above-range microwave oven, ice maker, side-by-side refrigerator, stainless steel shelves over kitchen sink, kitchen pantry, full-size washer and dryer hookups, contemporary ceiling fan, lighting on dimmer switch, designer Ron Rezek vanity lighting, granite vanity with premium faucets, and walk-in closets. Select units offer either stainless steel or black kitchen appliance package, polished concrete and polished wood flooring, over-size oval tub with granite surround, step-in shower with granite surround, private patio or balcony, and a private outdoor Jacuzzi for the penthouse unit.

In addition to a complete amenity package and exceptional interiors, The Davis Building is located on the northeast corner of the highly trafficked Main and Field Streets, covering one full city block in the heart of Downtown Dallas’s Main Street District. Main Street runs east-west and is home to many of Dallas’s tallest skyscrapers and grand historic buildings have been restored and adapted for new use. Davis is surrounded by four major freeways (I-35E, I-30, 75, & 336) and roads that provide daily vehicle traffic of 583,000. The property is also part of the downtown tunnel system allowing access to more than 160 restaurants and shops and several major office buildings. Downtown is home to more than 28 million square feet of office space and is the largest employment center in North Texas with a workforce of 115,000 people, which provides a continual stream of highly qualified potential residents. Furthermore, a Dallas Area Rapid Transit (DART) light-rail station is located one block north of the property, providing residents convenient access to all areas of the metro. The surrounding area is known to have some of Downtown Dallas’ strongest demographics and high-end living with an average household income of $88,578.

Photos:
http://www.ereleases.com/pic/DavisBuilding.jpg
http://www.ereleases.com/pic/DavisPoolRoof.jpg

About The Bascom Group, LLC:

Bascom (http://www.bascomgroup.com) is a private equity firm headquartered in Irvine, California, specializing in value-added multifamily real estate investments. Bascom sources value-added apartment properties and repositions them by adding extensive capital improvements and reducing expenses by realizing operational efficiencies through the implementation of institutional-quality property management. To date, Bascom has completed transactions totaling over $6.0 billion. Bascom has been an active buyer of value-added and distressed multifamily properties in California, Colorado, Washington, Hawaii,Nevada, Arizona, Utah, Georgia, and Texas, acquiring nearly 53,000 units distributed amongst 200 properties to date. Bascom, through its joint ventures with the Southern California Industrial Fund LLC, Real Group, LLC and Rushmore Properties, LLC, has acquired more than 2.0 million square feet of commercial properties nationwide.

For additional information regarding this transaction, please contact:

Jeffrey R. Fuller
Senior Vice President – Acquisitions
The Bascom Group, LLC
26 Corporate Park Drive, Ste 200
Irvine, CA 92606
949.955.0888 Ext. 19
Email: jfuller@bascomgroup.com
http://www.bascomgroup.com

Flyer:

Address: 5555 Bridge St. Fort Worth, TX 76112

Profile: Large 6,208 SF office building divided into three separate suites or can be used as a single Flyer – 5555 Bridge St Office & Retail Building – Ft. Worthspace. Large parking lot, surveillance system, incredible location. Built in 1980.

Location: A short distance east of the I-30 and 820 interchange, this office building has I-30 frontage that overlooks the interstate. High visibility adds tremendous value .

Lot: Large 1.37 Acre lot with plenty of parking.

Interior: Beautifully-styled interior with vaulted ceilings, rich wood trim, decorative lighting, ceramic tile and carpeted flooring.

Occupancy: Partially occupied by a Law Firm and Real Estate Agent. Can be vacated for new owner if required.

Utilities: Security system, central heating and air, city sewer and water.

For Sale: $555,600 or approx. $89.50 per square foot.

Welcome to the new harvardco.com. Let us know what you think by leaving a comment below or e-mailing rturner@harvardco.com.

During this transitional time in our industry, we must focus on designing our future. Our essential roles in Real Estate Brokerage, Tenant Representation, Aquisitions and Dispositions have never been more important.

The site will now be a dynamic representation of our evolving organization. It will be inclusive and aggressively forward-looking. Unique, regularly-updated property listings and North Texas Real Estate News will be at the core of what we do.

Keep checking back during the coming weeks as we will be adding new clients and properties into our database.