New Mesquite community will include thousands of homes

A new community planned for Mesquite will bring almost 4,000 homes.

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Dallas-based developer Huffines Communities is building the more than 1,400-acre Solterra community southwest of East Cartwright Road, two miles east of Interstate 635.

The new residential development is on part of the historic Lucas family farm.

Mesquite’s city council recently approved zoning for the $1.6 billion project, which Huffines Communities says will be the largest development in city history.

New homes in the project will start from $280,000 and range up to the high $400,000s.

“This is one of the biggest projects we’ve done, and we’re thrilled to make this a wonderful place to live and play as the home building market continues to sizzle,” Donald Huffines, co-owner at Huffines Communities, said in a statement. “Mesquite continues to see explosive growth, and Solterra will meet this demand with quality homes reminiscent of the quiet comfort of small-town

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Columbia Property Trust and Allianz Real Estate Expand Joint Venture to Include 221 Main Street in San Francisco

Allianz takes 45% interest in Columbia’s South Financial District tower at $400 million valuation

Brings combined gross asset value of joint ventures between Columbia and Allianz to $2.3 billion

Columbia Property Trust, Inc. (NYSE: CXP) and Allianz Real Estate today announced that they have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 million for a 45% ownership interest in the joint venture, which values 221 Main Street at $400 million. Consistent with most of the other ventures between Columbia and Allianz, Columbia will retain a 55% ownership stake and function as general partner for the venture. Columbia will also continue to oversee the day-to-day operations of the asset.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005838/en/

221 Main Street, a fully-leased, 381,000-square-foot office building in San Francisco’s South Financial District, is now part of an

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