Crescent Real Estate LLC

10/04/2022

Crescent Real Estate announces the promotions of three executives to senior corporate positions within the leadership team. Congratulations to Andrew Lombardi for taking over as Chief Financial Officer; Noelle Garsek for stepping into the role of Senior Vice President, General Counsel; and Mark Cox for moving into the role of Senior Vice President, Finance.

FORT WORTH, October 3, 2022 – Crescent Real Estate LLC (Crescent) announces promotions of three executives to senior corporate positions within the leadership team. Andrew Lombardi takes over as Chief Financial Officer; Noelle Garsek steps into the role of Senior Vice President, General Counsel; a...

07/08/2022

The real estate market in Uptown Dallas is hot and showing no signs of cooling down. Listen as KRLD's David Johnson and Crescent's Managing Director John Zogg discuss the Dallas market and the recent $12 million first-floor renovation at The Crescent Dallas.
Listen here: https://bit.ly/3Athvlo

06/24/2022

The Crescent renews a 55,345 square-foot lease with Stanley Korshak, Dallas’ independent specialty emporium that pampers customers with high-quality service and merchandise. Stanley Korshak has anchored The Crescent’s prestigious retail space since opening in 1986, providing customers a luxury retail experience in Uptown.

“This is a meaningful lease renewal for The Crescent, Crescent Real Estate, and me personally,” said John Goff, Chairman of Crescent Real Estate. “Stanley Korshak is an important part of the history of Uptown Dallas, providing luxury shopping to The Crescent that continues to attract affluent clientele. Caroline Rose Hunt was an amazing partner who played a key role in establishing the vision of how The Crescent would revitalize Uptown Dallas. Crawford Brock has respectfully continued that stewardship and our partnership in advancing Uptown.” https://bit.ly/3xQDcZt

06/22/2022

Crescent announces the completion of a $12 million renovation at The Crescent delivering a first-floor experience that is bright and modern. The renovations include new ceilings, lighting, furniture, and renowned art in the lobbies along with a 12,000-square-foot fitness center.
https://bit.ly/3NeS6OK

DALLAS , June 16, 2022 – Just as workers are heading back to the office after working from home during the pandemic, an iconic landmark in Uptown Dallas has received a bright and modern facelift. After reacquiring the mixed-use development for the third time in March 2021, Crescent Real Estate LLC...

05/26/2022

Crescent is excited to announce the acquisition of the Residence Inn at UAB in Birmingham, AL, and the launch of our new hospitality investment strategy in the select-service space. "The Residence Inn at UAB is the ideal asset to inaugurate this new focus for our hospitality team. We believe in the strength of the Residence Inn brand, and this particular hotel meets each of the key investment themes we look for in this segment,” said Jason Anderson, Co-CEO of Crescent.

FORT WORTH, May 25, 2022 – Crescent Real Estate LLC, through its investment vehicle GP Invitation Fund III, acquired the Residence Inn Downtown at UAB, a 129-key all-suite hotel conveniently situated on the edge of the historic Five Points South Dining and Entertainment District and adjacent Medic...

05/16/2022

Crescent's leasing team at The Crescent completes four renewals and four new leases totaling more than 81,000 square feet.

“The eight leases are a juxtaposition of renewals of long-time customers and new leases with the twist of move-in-ready spec suites that have proved to be very successful,” said Tony Click, Vice President Leasing for Crescent.

An address of distinction

05/05/2022

Crescent Real Estate’s acquisition of The Crescent® was named Commercial Property Deal of the Year for 2021 at the recent Dallas Business Journal awards dinner. .llp represented Crescent on the transaction, which was one of Dallas’ largest commercial property transactions ever!

Here's a look at which deal took top honors in the commercial property sale category for the Dallas Business Journal's Best Real Estate Deals of 2021.

05/04/2022

The Young Leaders’ Breakfast Club is back again! Join us on Thursday, May 12 at Courtside Kitchen as we welcome Crescent Real Estate LLC. They will be giving an update on the Camp Bowie projects!

This is open to all young professionals under the age of 35. Save your spot by Monday, May 9 at bit.ly/3rYhDEj.

04/26/2022

Crescent Real Estate announces the acquisition of The Madison Hotel, a 356-key historic luxury hotel located in the heart of downtown Washington D.C.

“This investment presents an extraordinary opportunity to own a renowned hotel in the center of the world’s most important institutions and truly unique cities. Although Washington’s hospitality industry certainly struggled through the COVID pandemic, we believe the timing is opportune to acquire The Madison Hotel, conduct an extensive guest-facing renovation and capitalize on the resurgence of demand generated by Washington DC’s unparalleled and various industries,” said Jason Anderson, Co-CEO of Crescent.

FORT WORTH, April 25, 2022 – Crescent Real Estate LLC (“Crescent”) acquired The Madison Hotel, a 356-key historic luxury hotel located in the heart of downtown Washington D.C., as the first investment within Crescent’s GP Invitation Fund III. Located at the corner of 15th and M Street NW, th...

04/12/2022

Crescent Real Estate announces the sale of Flatiron Park, a one-million-square-foot, 22-building life science and office campus in Boulder to BioMed Realty. Crescent will continue to property manage the campus and assist BioMed Realty with asset management of the creative office space.

“Flatiron Park is a leader in providing innovative, cutting-edge creative work environments, which perfectly fits the vision of BioMed Realty,” said Ben Molk, Senior Vice President of Crescent in Denver. “Crescent is well-positioned to continue managing Flatiron Park, a unique and successful business environment that fits the culture and lifestyle of Boulder.”

BioMed Realty LLC, a unit of Blackstone, has purchased a 1 million-square-foot portfolio in Boulder's Flatiron Park.

04/08/2022

Congratulations to John Goff, founder and chairman of Crescent Real Estate, for being honored by D CEO with the Pioneer Award for 2022 for his distinguished career in commercial real estate! This singular honor recognizes area leaders who have profoundly impacted the region and the profession.

To further celebrate, The Crescent was named Deal of the Year during the awards dinner at Frontiers of Flight Museum on March 30. Crescent Real Estate’s March 2021 reacquisition of The Crescent marks the third time we have owned the iconic Uptown property. It was one of the most expensive projects ever built in Dallas when Caroline Rose Hunt developed it in 1986.

“I chose the Crescent name for our company because I loved the asset – its quality, timeless architecture, and iconic significance to Uptown. I couldn’t think of a better representation of what we wanted Crescent to be.” — John Goff


https://bit.ly/38rxeoQ

In the early 1990s, the former accountant thought he saw an opportunity in real estate—and bet his entire net worth on it. Today, the chairman of Crescent Real Estate is one of the industry’s biggest players.

02/17/2022

Crescent completes nine lease deals totaling 43,636 square feet at The Crescent® in Uptown Dallas. “Securing new and expanding leases for these investment and financial companies helps bolster The Crescent’s reputation as the Financial Center of the Southwest,” said Tony Click, Vice President Leasing for Crescent. Read more about the deals at https://bit.ly/33t7dn8.

DALLAS (February 14, 2022) – Crescent Real Estate LLC (Crescent) signs nine lease deals totaling 43,636 square feet at The Crescent® as companies continue to be attracted to and grow at the iconic Uptown Dallas mixed-use office and retail space. BBAM Aircraft Leasing and Management, Cinctive Capi...