A Honey Creek of a Deal
If you live in the gigantuous Honey Creek Apartments complex on Ferguson Road and LBJ Freeway, you just got a new landlord -- and from the sound of some of the reviews here, not a moment too soon. (Among the problems cited by current and former residents: rats, bed bugs and drug dealers.) According to GlobeSt.com, the complex was owned by a Tampa-based real-estate investment company, but the 23-year-old, 656-unit, 22.4-acre complex is now in the hands of California- and Houston-based Concierge Asset Management, which paid just less than the $19.5 million asking price. Concierge's CEO tells GlobeSt.com, "We are very bullish on the combined metropolitan area of Dallas/Fort Worth, and we believe Honey Creek's submarket is well positioned for economic growth." --Robert Wilonsky
Get the ICYMI: Today's Top Stories Newsletter
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Dallas, delivered to your inbox Monday through Friday.