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Real estate news: Santa Ana apartment complex sells for $7.52 million; Brea office building sells for $33.5 million


A 38-unit apartment complex in Santa Ana has sold for $7.52 million to a private investor in Newport Beach.

The property, at 701 E. 5th St., received multiple offers, according to The Mogharebi Group, which represented both the buyer and the seller, an unidentified private investment group in Orange County.

The 5th Street Apartments, built in 1955 and 1961, is a two-building, two-story complex with 17,179 rentable square feet. Apartments come in studio, one-bedroom, and two-bedroom floor plans.

The apartments are also close to the city’s trendy 4th Street Market and downtown community.

Brea office building sells

HFF has closed the $33.5 million sale of Fairway Center I, a 145,467-square-foot office building at 1800 E. Imperial Highway in Brea.

Fairway Center I is leased to five ten...

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Mauro Manotas’ brace sends Dynamo past FC Dallas

Houston Dynamo forward Mauro Manotas struck once in each half, recording his sixth career brace en route to a 2-1 win over FC Dallas at BBVA Compass Stadium on Saturday.

With the win, Houston’s first against its in-state rival since 2016, the Dynamo (6-1-1; 19 points) leapfrog Dallas (5-3-2; 17 points) in the standings and earn what is arguably the toughest win of the 2019 MLS campaign.

"Solid game overall for the team," coach Wilmer Cabrera said.

"I’m really happy with the functioning of the team, the shape."

Manotas helped initiate his first goal with a pass out to a charging Alberth Elis, who attacked the Dallas area from the top corner of the box. He tried to split a pair and was tripped in the process, prompting the foul in the 19th minute.

Manotas coolly slotted the score despite th...

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Dallas mayoral candidates want to curb corruption, but is it possible?

The candidates for Dallas mayor say they want to kick the crooks out of City Hall.

History shows that’s a tough task.

For more than two decades, Dallas has been smeared by public corruption scandals that have shaken confidence in City Hall. The latest drama is this month’s sentencing of former mayor pro tem Dwaine Caraway on bribery charges. That followed the March bribery plea deal reached by former City Council member Carolyn Davis.

Nearly every Dallas mayor since 1995 has presided during a public corruption scandal or trial.

"It is not at all unusual in big cities to have elected officials and county officers swept up in that kind of stuff," said Cal Jillson, a political scientist at Southern Methodist University...

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Transgender Woman Speaks Publicly for 1st Time Since Beating in Texas

Transgender Woman Speaks Publicly for 1st Time Since Brutal BeatingFor the first time, the transgender woman who was violently beaten in Dallas earlier this month is speaking publicly about what happened. (Published Saturday, April 20, 2019)

For the first time, the transgender woman who was violently beaten in Dallas, Texas earlier this month is speaking publicly about what happened.

The attack on 23-year-old Muhlaysia Booker is being investigated as a hate crime.

Saturday, she tearfully thanked supporters and demanded justice at a rally and press conference.

It was held outside Abounding Prosperity, Inc., a Dallas-based nonprofit that provides health, social and economic services, particularly to gay and bisexual men, transgender women and their families.

An extremist group had threatened...

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Texas transgender woman brutally beaten in broad daylight

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Police lights. (KXAN File Photo)

Police say the woman reported the assault while receiving hospital treatment Friday night. According to a police statement, she said she was assaulted that day after a minor traffic accident near the Royal Crest Apartments in the southern part of Dallas.

A purported video of the attack posted on Facebook shows a man in a white shirt viciously beating the woman, apparently into unconsciousness, while the crowd looks on and homophobic slurs are shouted.

Several women eventually carried the victim’s limp body to safety.

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Las Colinas apartments go to California insurance investor

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A California-based insurance investor has purchased a large Las Colinas apartment community.

The 422-unit Jefferson Las Co apartments are located on Lake Carolyn Pkwy

In Irving and were built b...

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EPIC Insurance Brokers adds JoBeth Wells in Dallas Texas

DALLAS, Texas and SAN FRANCISCO, Calif., March 20, 2019 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers and Consultants announced today that JoBeth Wells has joined the firm’s Property and Casualty operations, as a Principal, reporting to EPIC Managing Principal and Director of the Southwest Region, KJ Wagner.

Wells, based in Dallas, will be responsible for new business development and the design, placement and management of property/casualty insurance programs, providing risk management strategies and solutions for mid-market and large clients.

Wells joins EPIC from Willis Towers Watson, where she served as an Executive Vice President for over 30 years through predecessor companies. JoBeth specializes in the Construction, Real Estate and Public Entity industries.

“We are thrilled to contin...

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Istation President Ossa Fisher Honored by Dallas Business Journal with 2019 Women in Technology Award

Dallas, TX, March 28, 2019 (GLOBE NEWSWIRE) — The Dallas Business Journal announced today that Istation President and COO Ossa Fisher is being honored with the Women in Technology Award for her impressive professional achievements and her remarkable will to make a difference in the lives of others. She will be recognized for the honor at an event scheduled for Tuesday, May 14, 2019.

“We are delighted to learn that Ossa has been named one of Dallas’ leading ‘Women in Technology’ for 2019,” said Istation Chairman and Chief Executive Officer Richard H. Collins, one of the company’s founders. “Ossa is passionate about the fluid intersection of education and technology, and as president of Istation, she spearheads our strategy and ensures we are at the forefront of innovations in our industry.”

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Nuveen Real Estate’s Central Command For Industrial Is In Acquisition Mode, Focusing On Target-Rich Environments

Want to get a jump-start on upcoming deals? Meet the major Dallas-Fort Worth players at one of our upcoming events!

When investment management firm Nuveen Real Estate opened its 11th office in Dallas this year, the firm had $125B total assets under its management worldwide and designs on creating a hub, or central U.S. office, for industrial investment activity across the nation. That new office is now based in Uptown Dallas, with Nuveen Managing Director and head of Nuveen’s U.S. Industrial Sector Graydon Bouchillon leading the local industrial-focused team.

Bouchillon, who has spent more than a decade observing industrial growth trends throughout the U.S...

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Ex-Dallas City Council member pleads guilty to taking bribes

DALLAS (AP) — A former Dallas City Council member has pleaded guilty to accepting bribes from a real estate developer in exchange for supporting an affordable housing project, according to court documents unsealed Friday.

Carolyn Davis, a member of the council’s Housing Committee, took tens of thousands of dollars from the developer between November 2013 and June 2015, according to her plea agreement.

The developer, Ruel Hamilton, is accused of paying Davis at least $40,000 in bribes and promising her future consulting work. In return, Davis lobbied and voted for more than $2.5 million in city " funds and obligations" for Hamilton’s development in southern Dallas, according to an indictment.

Davis is charged with conspiracy to commit bribery concerning programs using federal funds...

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