Staubach, Weitzman, Billingsley, Perot — Who’s who in the North Texas Commercial Real Estate Hall of Fame – Dallas Business Journal

Dallas Cowboys legend Roger Staubach remembers well his first real estate negotiation with current team owner Jerry Jones.

Jones was building what is now AT&T Stadium in Arlington, where the Cowboys play. Staubach wanted a luxury box.

Jones asked Staubach to pay up front to have the box for 20 years.

“I said, ‘Well how much would that be, Jerry?’” Staubach recalled at a recent real estate industry event. “He said, ‘How about $3.5 million?’”

“I said, ‘Well how about $3 million?’ And he said, ‘OK,’” Staubach continued. “I thought, ‘Well, why didn’t I say $2 million?’”

Staubach shared the story May 10 while inducting Jones, a trailblazer in both sports and real estate, into the North Texas Commercial Association of Realtors and Real Estate Professionals Hall of Fame.

Click through the slideshow with this story to see Commercial Real Estate Hall of Fame inductees from this year and legends inducted in the past.

Jones, founder and CEO of Blue Star Land Co. and owner, president and general manager of the Dallas Cowboys, was inducted along with Toby Grove, president of KDC; and Mickey Ashmore, current chairman of retail services Americas for CBRE and previously president/CEO and majority shareholder of UCR. Ashmore received the Michael F. McAuley Lifetime Achievement Award for community service.

KDC’s biggest project in development under Grove is CityLine, a 186-acre mixed-use project in Richardson that will build out to 5 million square feet of office space, almost 4,000 apartment units, two hotels and two parks.

KDC along with Karahan Cos. and Columbus Realty formed “Team Legacy” to develop Legacy West, a 240-acre mixed-use project in Plano. JPMorgan Chase’s corporate campus is currently under development at the project, which also includes Liberty Mutual’s regional headquarters, Toyota’s new North American Headquarters, and FedEx Office’s corporate headquarters.

Ashmore has created and taught classes on commercial real estate and is the founder of an annual scholarship contest designed to showcase the best photographic interpretations of “Retail as Art” from DFW high school students. He has also been involved with The Family Place, Genesis Women’s Shelter and CASA.

Jones’ Blue Star Land Co. has developed AT&T Stadium in Arlington and The Star in Frisco, the Dallas Cowboys’ training headquarters. Starwood, a 550-acre residential development in Frisco; Riata, a 2,000-unit multifamily community in Austin; and StarCreek, a 500-acre mixed-use development in Allen, are among other Blue Star developments.

Jones also was inducted into the Pro Football Hall of Fame in February of 2017 and completed his trek to Canton with the unveiling of his Hall of Fame bust and induction ceremony in August 2017.

Which brings us back to the story that Staubach, the Cowboys quarterback turned real estate mogul, shared at the NTCAR induction.

After settling on $3 million for the stadium box, Staubach told Jones that the price tag was more money than he’d made in 11 years playing for the Cowboys.

To which Jones replied, “Well, golly, I’m gonna frame that check,” Staubach said, eliciting laughs from the real estate crowd.

“He framed it and he’s never cashed it,” Staubach said. “And if you believe that…”

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DPD standoff at North Dallas apartment complex ends in arrest

DALLAS – Dallas Police and SWAT units have the suspect of a barricaded person call from Sunday evening in custody. The standoff occurred at an apartment complex in the 5400 block of Peterson Lane in North Dallas near the Galleria Mall.

Dallas Police confirmed that no one was injured and the suspect is in their custody, but were unable to provide additional information at this time. Two armored SWAT cars had entered the complex, after which the suspect was taken out of the apartment and into custody.

Check back for more on this developing story.

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Hines expands North Texas portfolio with purchase of DFW East Logistics Center – Dallas Business Journal

Hines, a Houston-based international real estate firm, has expanded its footprint in North Texas with the acquisition of a property near DFW International Airport.

The company announced this week its purchase of the DFW East Logistics Center for an undisclosed amount. The 259,555-square-foot property encompasses three buildings on an 18-acre site adjacent to the airport, between Highways 114 and 183.

Currently, the property is just 15-percent leased to two tenants, Universal Health Services and Bisco Industries, leaving 220,000 square feet up for grabs. Stream Realty Partners is working with Hines to sign additional tenants.

“We are excited to add this property and location to the Hines logistics portfolio, which is now approaching 2 million square feet,” Hines Director Connor Tamlyn said in a prepared statement. “We look forward to significantly expanding our logistics presence in the Dallas-Fort Worth area.”

Jonathan Bryan and Randy Baird at CBRE represented the seller in Hines’ purchase.

Hines owns or is involved in 22 real estate projects across North Texas.

Office

Health care company Envoy Partners LLC sold its 12,000-square-foot building at 7168 Envoy Court in Dallas for an undislosed amount. The buyer was 7168 Envoy partners LLC. Jason Moser with Stream Realty Parters represented the seller. Charlie Richman with JSmall Investments represented the buyer.Social services provider Metrocrest Services extended its lease at 13801 Hutton Drive in Farmers Branch, where it occupies 11,071 square feet. Luke Davis and Todd Poticny with Stream Realty represented the landlord, International Capital. Savills Studley Inc. represented the tenant.Tim Vogds with CBRE represented Mentor Texas LP in extending its 39,992-square-foot lease at 555 Airline Drive in Coppell. The landlord, GLP, was represented by Blake Kendrick with Stream Realty.

Retail

Brain Synx, a concept that offers cognitive training to children and adults, has signed a lease for 2,895 square feet at 2615 E. Southlake Blvd. in Southlake. The landlord is Zing Properties LLC. David Levinson with The Retail Connection represented the tenant.

Industrial

Garland Logistics Center will be home to a Barrett Distribution Centers facility, with the Franklin, Massachusetts-based company leasing 115,041 square feet inside the development at 3800 Leon Road in Garland. Barrett offers warehousing, transportation, distribution and fulfillment solutions across the U.S. Stephen Cooper and Rick Medinis from NAI Robert Lynn represented the landlord, IDI Logistics. Joe Whitmer and Brian McKenzie at Transwestern represented the tenant.Emissions & Cooling Solutions has leased 16,800 square feet of warehouse space at 11455 Newkirk St. in Dallas. Brian Pafford, senior vice president and managing partner with Bradford, represented the landlord, ML Capital Ltd. Joe Santaularia, first vice president with Bradford Commercial Real Estate Services; Brock Wilson, senior vice president and managing partner; and Clayton Hughes, broker associate, represented the tenant.Caddo Valwood LP sold a 22,506-square-foot industrial building to CCG Valwood LP. The property sits on one acre at 1208 Tappan Circle in Carrollton. Richmond Collinsworth, first vice president with Bradford Commercial Real Estate Services, represented the buyer, while Scott Gregory of Caddo Holdings represented the seller.Boston Barricade Co. Inc., which manufactures modular construction enclosures, has leased 11,760 square feet at 1410-1416 Dunn Drive in Carrollton. Lee & Associates LLC represented the tenant. Eric Crutchfield with Stream Realty represented the landlord, Hutton & Dunn Investors LLC. Fleet services company Black Horse Carriers Inc. leased 63,911 square feet at Park West Crossing, 501 Southwestern Blvd. in Coppell, from MLRP Park West Crossing F LLC. Jeremy Kelly and Ryan Boozer with Stream Realty represented the landlord, while Bryan Graham with BLG Commercial RE represented the tenant.

Land

McKinney Square Properties No. 1 Ltd. sold 1.44 acres at 2905 Thomas Ave. in Dallas to Peter Emish. Collinsworth represented the buyer, while Michael Turner of J. Elmer Turner Realtors Inc. represented the seller.

Largest North Texas Commercial Real Estate Brokerages

Ranked by Total # of Local, Licensed Agents

Rank Company Total # of Local, Licensed Agents 1 CBRE 280 2 JLL 197 3 Cushman & Wakefield 101 View This List

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