Rachel Stone

1 month ago | therealdeal.com | Rachel Stone

Jackson-Shaw Chairman Lewis W. Shaw, who built a small Dallas firm into a real estate development titan, has died. He was 82. Shaw was raised in Dayton, Ohio, and graduated from Wittenberg University in Springfield before serving in the United States Air Force, where he was a cryptologist and flight instructor. He arrived in Dallas to work for IBM in 1974. “I’d always wanted to be a Texan,” he told the Dallas Morning News in 2004.

1 month ago | therealdeal.com | Rachel Stone

Granite Properties scored a lease expansion with a tenant that is doubling its space in the Energy Corridor. SM Energy is moving into the 11th and 12th floors, spanning 41,500 square feet, in Eldridge One, at 777 North Eldridge Parkway. The firm will move from the 21,000 square feet it occupies on the building’s 10th floor. The Energy Corridor is emerging as Houston’s most popular office submarket. It had a vacancy rate of 23.1 percent in the fourth quarter, according to Avison Young.

1 month ago | therealdeal.com | Rachel Stone

Dallas’ most opulent estate hit the market today asking $64 million, an increase from its price a few years ago but with a bonus of almost 4 acres this time around. The Crespi Estate, which ranks as Texas’ most-expensive listing, was relisted with Pogir Pogir and Diane DuVall of Briggs Freeman Sotheby’s International Real Estate, asking $2,362 per square foot. It is owned by the Cox Charlee Lochridge Dynasty Trust, which bought it in 2019.

Jan 6, 2025 | ionanalytics.com | Carlos Martinez |Rachel Stone |Troy Hooper |Michelle Cheng

News (Intelligence) Lower interest rates and falling inflation are creating a more favorable environment for dealmaking, and advisors and executives who spoke with Mergermarket’s technology, media and telecommunications (TMT) team expect an uptick in activity in 2025. Businesses should be able to better focus on strategic planning now that the US presidential election is over and political uncertainty has eased.

Nov 18, 2024 | therealdeal.com | Rachel Stone

A 15,000-square-foot mansion in Lake Forest has changed hands for the first time in half a century. The historic Suffield House, a seven-bedroom estate built in the 1930s for Chicago’s Lolita Armour, sold for $380 per square foot, Crain’s reported. The 5.4-acre property at 255 North Green Bay Road was listed for about $10 million in September 2022 before the price was reduced five times. The sale closed on Nov. 15 at $5.7 million, just above the last asking price of $5.5 million.