Real Estate News

Preston Center project grows borders, may hit ceiling

A high-traffic block south of Northwest Highway in Dallas’ Preston Center is angling for major changes that could be even more expansive.

Ramrock Real Estate LLC unveiled plans a few years ago to build office and residential towers on the southern swath of a block bordered by Berkshire Lane, Westchester Drive, Luther Lane and Douglas Avenue. The land includes the retail building Preston Center Pavilion and its parking garage.

The owner’s plans, which were heard as part of a zoning case during a City Plan Commission meeting Thursday, now account for the entire block, not solely the southern portion.

A presentation slide from a staff member with the city’s department of planning and urban design said that, “Since the area of ​​request includes both the northern and southern halves of the parcel, the proposed conditions and analysis include consideration of potential redevelopment of the northern retail building.”

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The retail building currently houses tenants such as Target, CVS, Marshall’s and John Reed.

A look at the parking garage for Preston Center Pavilion in Dallas
A look at the parking garage for Preston Center Pavilion in Dallas(Lola Gomez / Staff Photographer)

The slide says the near-term plans are

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Real Estate News

Zendaya’s Homes: Inside the ‘Dune’ Star’s Real Estate Portfolio

Zendaya’s success can be attributed to many things, including her ability to know what she wants and to go for it. This same applies to Zendaya’s homes, which she’s selectively curated over the years to create a formidable real estate portfolio. Her former interior designer Brittaney Elise, who has also worked with the likes of Michael B. Jordan and Selena Gomez, once called the Challengers actor’s taste “immaculate.” Zendaya, in typical humble fashion, demurred, telling Architectural Digest that the two “worked really well together,” complimenting Elise for how she “transformed her ideas into a beautiful reality.”

She was likely downplaying her influence on the design of her homes, however—after all, the former Disney star’s penchant for stylish nesting has even extended to her Dune costar Timothée Chalamet’s bachelor pad. During a joint interview on Jimmy Kimmel Live, Zendaya shared how she helped outfit Chalamet’s NYC apartment with “a few necessities” like cups, plates, and cleaning supplies. “The vibe was very teenage boy,” she said. Below, we’re sharing a glimpse into Zendaya’s bicoastal homes, each with its own distinct vibe—none of which is, thankfully, “teenage boy.”

Shop Open Door

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Real Estate News

Legal & General hires head of real estate capital raising

Legal & General Investment Management (LGIM) has hired Abrdn’s Neil Meikle to boost its private assets expertise.

Meikle was previously global head of real assets and private credit investment specialists at Abrdn.

He has been appointed to the newly-created role of head of real estate capital raising at LGIM, according to Citywire.

Read more: BlackRock hires global co-heads of real estate

“LGIM has a clear intention to continue to take its market-leading capabilities and sustained track record across the real estate sector to clients, globally,” an LGIM spokesperson told Citywire.

“Neil will be reporting into our head of sales, Christy Lindsay; actively fundraising the platform’s existing products, supporting future real estate solutions and strategies, and playing a key role in the expansion of Legal & General’s overall private markets offering.”

Read more: Federated Hermes expands real estate team with new hire

LGIM has been clear about its plans to expand its private assets business. In January, it submitted a regulatory application to launch a private assets fund for defined contribution pension investors.

Read more: $500bn opportunity for commercial real estate private debt

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Real Estate News

Ram Island: Former builder Ralph Mansfield slashes asking price on private island

No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au


High-profile former Mornington Peninsula builder Ralph Mansfield and wife Caralyn have shaved $1m+ off the asking price of their Tasmanian private island.

Between 1986-2018, Mr Mansfield ran a design and construction company, working for the likes of ex-Lord Mayor of Melbourne Ron Walker and his family; another former Melbourne Lord Mayor, architect Richard Meldrum; and clothing labels Billabong, Quiksilver and Surf Dive ‘n’ Ski.

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No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au


Ram Island, East Coast Tas. Picture: Supplied


The kitchen and floating staircase to the second floor.


More than two decades ago, the Mansfields purchased the 26.7ha Ram Island and built a three-bedroom house there.

Last year, they put the island on the market with a $7m price tag which has now been reduced to $5m-$6m.

Peterswald for property’s Nick Morgan has the listing in conjunction with RT Edgar director James Hatzolos, who is handling inquiries from Victorian buyers.

Take in

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