Cousins Properties buys into Morgan Stanley’s planned $1.2B Dallas high-rise

Cousins Properties wants in on the Uptown Dallas craze.  Last Thursday, the Atlanta-based company said that it’s formed a joint venture with Trammell Crow Company to acquire the 2.3-acre development site where Morgan Stanley wants to build a $1.2 billion-dollar high rise.  At this point Cousins holds a 97.5 percent equity interest in the venture. When it was formed, they shelled out $50 million, according to the Dallas Morning News: $42 million for the land, $8 million for predevelopment costs. Other fee and leasehold interests were also included in the deal. Trammell Crow will remain the day-to-day development spearhead, while Read More