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In 1997 Crescent Real Estate Equities, in partnership with the financer Trizec Properties, bought the Bank One Center from Cigna and the Teacher Retirement System of Texas for $238 million. [9] On December 14, 2006, Crescent sold the structure for US$216 million to Los Angeles–based Metropolitan Real Estate Developers. [10]
The Crescent is sometimes credited for setting the quality level for much of the surrounding neighborhood, and today commands some of the highest office rents in Dallas. [4] [3] During final construction activities in 1986, The Crescent's parking garage was used by Orion Pictures and director Paul Verhoeven to stage and film a scene for Robocop ...
The Woodlands Corporation was acquired on July 31, 1997, by a partnership between Morgan Stanley and Crescent Real Estate Equities. [13] In December 2003, Rouse Company acquired Crescent's interest, [14] and Rouse was bought by General Growth Properties on November 12, 2004. In 2011, The Woodlands was sold to the Howard Hughes Development ...
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
Real estate experts from the greater Fort Worth area gathered on Jan. 19, 2023 for a look at the future of Fort Worth’s industrial, office, multi-family and capital markets.
Cox and his domestic partner Nicole Pearl, who was real estate agent and lawyer for Drive Development, were evicted from their $12,000-per-month Coconut Grove house for nonpayment of rent.