Texas

DALLAS — Dallas-based Billingsley Co. plans to build a new, 150,000-square-foot office building and four-lane roadway at Cypress Waters, Billingsley's 1,000-acre mixed-use development in Dallas. The three-story property is Billingsley's first office building in Cypress Waters and will break ground in July. The project is slated for a July 2014 completion. Additionally, Phase I of Cypress Waters' multifamily communities will open this year. Scotch Creek and Parsons Green are scheduled to open this summer and Sycamore Park is expected to open in the fall.

AUSTIN, TEXAS — Stream Realty Partners has sold the 185,500-square-foot Plaza 35, an office building located at 12234 N. Interstate 35 in Austin's North Central submarket, to Karlin Real Estate. Stream Realty purchased the foreclosed property in 2011 before bringing it to full occupancy. Plaza 35's tenants include Virtex Enterprises, Logisticare Solutions and Yodle Inc. A division of Dell once occupied the office building as a call center. Daniel Farrar and David Blackbird of Stream Realty executed the company's business plan for the property, including its purchase, lease up and sale. Farrar was offered an equity stake in the property as an incentive for sourcing the deal. Farrar moved from Austin to Charlotte, N.C., in January to lead Stream Realty's office there.

FRISCO, TEXAS — Conifer Health Solutions has broken ground on its new corporate headquarters, located in the Duke Bridges Office Park at the intersection of the Dallas North Tollway and Warren Parkway in Frisco. Duke Realty is developing the four-story, 200,000-square-foot office building. Conifer currently leases office space in Hall Office Park. Conifer plans to eventually hire 500 employees to add to its existing 600 employees. Corgan, an architecture and interior design firm, is designing the new office space. Jones Lang LaSalle assisted Conifer in finding the site.