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One of my wildest dreams has been to market luxury real estate like this: “Try Before You Buy”.

We try on shoes, clothes, and test-drive cars. All of those are a hell of a lot cheaper than a home. But who gets to “try a house” to see if you really love it? Why not take it for a “test-drive” before you sign on the dotted? 

That is exactly what The Perry-Miller Streiff Group of Dave Perry-Miller Real Estate the week before the election. They took 4920 Mangold Circle, lovely creekside cul de sac off Strait Lane, not too far from Jennifer Staubach Gates’ pad on Keyhole, not for a just a test drive, but a lifestyle test. It’s called Dwell Well. Exercise and lifestyle experts from Equinox came over to implement a very successful program they have been developing in other states: real-time workout sessions around the pool, fitness and health tips, and nutritional snacks in a private listed residence.

It’s called “Sweat-working”.

“This is how you would actually live in this setting,” says Christina Marshall, Director, Central Regional Marketing for Equinox.”This is a chance to interact with the home, maybe invite a few friends over, and see how it fits while you try out the high performance lifestyle.”

4920 Mangold Circle is definitely a high performance house, befitting of a relationship with the Equinox brand. In fact, Equinox is owned by Related Companies, a privately owned real estate firm in New York City with offices and developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, even Abu Dhabi. The company was founded by Stephen M. Ross in 1972. Under it’s belt are Oxford Properties, Vornado Realty Trust, SL Green Realty, The Blackstone Group and Equinox. Formidable siblings, real estate in the blood.

“Fitness is no longer just in the gym,” says Christina, “It’s in your life. We provide you an amazing place to come to in the community, but we also venture outside of our four walls to show how we practice our three pillars and incorporate it into busy lives.”IMG_1330 (more…)

Gabriel Barbier-Mueller

Bleu Ciel, designed by HDF, LLC and Jean-Michel Wilmotte.

Since we first heard the news, Bleu Ciel has made a big impression on us. From the design to the prices, we have to admit that this 33-story condo building is going to have a big impact on the Harwood area. The tower will include two- and three-bedroom homes from 1,300 square feet to more than 7,000, with prices starting at $805,000.

But if you want to know more about this building, which is primed to become a landmark in the area, you can enter to win a pair of tickets to the first exclusive “Beyond the Bricks and Mortar” speaker event featuring our publisher and editrix Candace Evans. This is an invitation-only event that will host some of the most influential Dallasites and real estate professionals, so you don’t want to miss out.

Jump to find out how to win!

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Crow house on Preston RoadHuge news in the Dallas high end broker industry.

Something’s been up with news about Allie Beth Allman & Associates for a couple of weeks! I got word last week that Allie Beth’s affiliation with Christie’s Great Estates had been severed. While I was researching that for accuracy—Duke Jimerson told me at an event Thursday night he knew nothing about it— Steve Brown was hot on the trail. He reports that Warren Buffett’s HomeServices of America, Inc. a Berkshire Hathaway affiliate, has snapped up the $1.5 billion in sales company:

One of Dallas’ top residential sales firms has been purchased by investor Warren Buffett’s growing real estate empire.

Allie Beth Allman & Associates—a 12-year-old local real estate sales company that specializes in high end home sales—has been acquired by HomeServices of America Inc., a Berkshire Hathaway affiliate.

Allie Beth Allman is one of North Texas’ top residential firms, and sold about 2,100 houses last year valued at $1.5 billion.

“Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market,” Ron Peltier, HomeServices’ chairman and CEO, said in a statement. “This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values.”

Terms of the purchase were not disclosed.

Allie Beth Allman has more that 300 agents and sells homes in markets including North Dallas, the Park CitiesTurtle Creek, Uptown and Lakewood.

She’s personally handled marketing for some of the largest estates in North Texas, including businessman Tom Hicks’ $100 million estate in North Dallas.

The acquisition is Buffet’s HomeServices entry into real estate in Texas.

The company—the second largest U.S. property sales firm—has about 26,500 real estate agents operating in 480 offices in 27 states which operate under a variety of brand names, including Prudential Real Estate and Real Living Real Estate.

In 2015, the company expects to handle more than $77 billion in residential real estate sales and more than 220,000 transactions.

“We are joining an organization known for its strength and stability; one that is consistent with our high standards of service, integrity and community involvement, making this a win/win for our clients and our agents,” Allman said.

Some of Allie Beth Allman's recent home listings include Dallas businessman Tom Hicks' 25-acre North Dallas estate.

The Crespi Estate is not the only uber high end mansion Allman has listed. The $46 million Crow estate on Preston Road was also marketed by Allie Beth, but was taken off the market last week for, says Allie Beth, a holiday break.
Stay tuned for more…
Floor plan three in the Long Lake development. Photo: Scott Hogg

A rendering of residential floorplan three in the Long Lake development. All renderings courtesy of Scott Hogg

All eyes are on the fiery hot North Texas real estate market, even from 7,000 miles away: A luxury new housing and commercial development in Corinth is underway, backed by an entrepreneur based in Beijing, China.

The Long Lake development is located about 34 miles from downtown Dallas, in Denton County. This 107-acre enclave will have 91 acres dedicated to 99 single-family homes, ranging from $1.1 million to $3 million and up. In its center is a 15-acre lake, and commercial development is planned for later phases.

The development is backed by Lelege USA, a corporation focused on real estate development and management in DFW. It is owned and chaired by entrepreneur Long Zhang, who also owns Lelege Group (Beijing Capital Group Investment, Ltd.), a multibillion-dollar corporation headquartered in Beijing. Lelege Group is a diversified investment firm with worldwide branches engaging in real estate, mining, wealth management, high-tech IC foundry, pharmaceuticals, and cultural art collections. It has total assets of over $3 billion under management and nearly $2 billion in services and management.

“There is a lot of Chinese investment money moving in the U.S. and [Zhang] has looked in the hot real estate markets,” said Scott Hogg, Vice President of Investor Advisory Services, Virginia Cook, Realtors. “He found this property in Corinth up on the lake and had a vision of developing something where they could invest in million-dollar residences in the U.S.”

A rendering of floorplan eight in the Long Lake development.

A rendering of residential floorplan eight in the Long Lake development

Phase one is underway, with 11 lots for sale. The two builders currently working on the development are Ron Davis Custom Homes and Bella Vida Custom Homes. The project is slated for completion in early 2018.

“They will break ground on the property as soon as we get the first lot sold,” said Hogg. “We are marketing these homes and we have clients looking at Ron Davis and Bella Vita model homes that can be built in Corinth. Lelege has their own in-house builder, as well, with a group of architects and house renditions, and all of those come from Tsinghua University.”

Houses in the gated community will be offered in three ranges. At the top, with lot prices of $1.02 million and home prices of $3 million and up, the houses will be 9,200 square feet and larger on 3.93-acre lots. In the mid-range, lot prices will be $385,000 with houses priced $1.5 million and up, with 6,500 square feet of interior space on a 0.71-acre lot. The low-end of the range offers $230,000 lots and $1.1 million homes with 5,500 or more square feet sitting on half an acre.

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Dave Perry-Miller and Ebby CFO Ron Burgert (Photo: Aggie Brooks)

Dave Perry-Miller and Ebby CFO Ron Burgert (Photo: Aggie Brooks)

Congratulations to the hardworking team at Dave Perry-Miller Real Estate, as the luxury boutique brokerage has passed the $1 billion in sales mark just halfway into 2015.

“I’m so proud of the work our agents have done on behalf of our clients this year,” said Dave Perry-Miller, the firm’s founder and director of its Luxury Properties Division, in a press release. “The exceptional level of service our agents provide is the main reason we remain the leading brand for marketing homes in Dallas’ most established neighborhoods.”

But don’t expect the firm to sit on its laurels at just $1 billion. Maybe this is the year they run roughshod over $2 billion in sales:

This is the fifth consecutive year that the firm’s sales have surpassed the $1 billion milestone, and its agents show no signs of slowing down. As of noon today, Dave Perry-Miller Real Estate agents were marketing 136 properties listed for at least $1 million, including 13 homes priced at more than $5 million.

Victory Park is poised for a renaissance, and a new residential tower could help fuel new growth. (Photo: Victory Park)

Victory Park is poised for a renaissance, and a new residential tower could help fuel new growth.

Our appetite for high-rise residential evidently knows no bounds, as Richardson-based Genesis Real Estate Group has announced yet another high-rise project planned for the urban core. This project, a 28-story high-rise at Hi Line Drive and Houston Street inside Victory Park, was designed by Houston-based architecture firm EDI, according to Dallas Morning News reporter Steve Brown. Genesis is the 30-year-old firm that brought the 603-unit 3225 Turtle Creek, AKA The Renaissance, online.

Brown says that there are other high-rise projects in the works by Greystar, Novare Group and Lennar Multifamily. One has to wonder if we are perhaps biting off more than we can chew with all these new high-rise condo developments. Still, I’m optimistic that this project could usher in more foot traffic to Victory Park, which has so much potential but lacks the critical mass of residents to support a lot of retail and restaurants.

What do you think?

 

 

 

3615 Amherst Fountain back

Rarely do you see a home take such fantastic advantage of a unique lot in such a special way as this luxurious transitional design from Stocker Hoestry Montenegro Architects does. Built by CandysDirt.com Approved Builder Tatum Brown Custom Homes from the finest materials, this is a home that feels so seamlessly integrated into the land that there is no beginning or end, just a timeless, elegant design that hugs one of the most sought-after spots on Turtle Creek — Culture Gulch.

When you fall for a home like this — and once you see the interiors staged by Cindy Musgrove of Blu Sky Living, you will fall hard — you want to make sure your financing is bombproof. There’s no better person to call than Lisa Peters of Caliber Home Loans, as she’ll make sure you get the right loan to make closing a breeze.

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Jordan Spieth

Jordan Spieth Photo: Don Emmert/AFP/Getty Images

Here is Jordan SpiethNo. 2 in the Official World Golf Ranking, getting his coveted green jacket. So proud of this guy! He graduated from Jesuit College Preparatory School of Dallas, though I have heard an unconfirmed rumor (which is why it’s a rumor) he spent some time at St Mark’s.

Jordan went to the University of Texas at Austin, left midway through his sophomore year in 2013, and started playing pro golf. He learned to play golf as a wee one at Brookhaven Country Club, where his family, who lives in Midway Hills, still belongs. He’s got the gift!

This weekend, the humble and most gentlemanly young man from Dallas graduated to major golf champion on the sport’s biggest stage. The 21-year-old held off strong runs and swings from the world’s best players. On Sunday, he became the world’s second-youngest golfer to claim the highly coveted green jacket. Tiger Woods was the first in 1997.

The University of Texas even burned UT tower orange in his honor Sunday night.

Magnificent Old Preston Hollow beauty with exquisite amenities!

Somewhere in the Preston Hollow neighborhood of Dallas, near Bluffview

Jordan Spieth lives in Dallas, and we have told you that his Uptown townhome is on the market for $1,285,000. And that he bought a new, 7,378-square-foot stone mansion for $2.2ish in Preston Hollow, near Bluffview. Jump to see photos of Jordan Spieth’s townhome!  (more…)