News & press presence
Sold! New Orleans developer buys downtown Dallas tower
A New Orleans developer has closed on the purchase of 1600 Pacific, a 32-story tower in downtown Dallas, which will pave the way for the redevelopment of the high-rise into a new hotel. (Read more...)
Sale: 2100 Valley View
2100 Ricchi LLC has purchased a 64,000-square-foot office building at 2100 Valley View in Farmers Branch. Lew Wood and Andrew Doster of Henry S. Miller Brokerage represented the buyer in the transaction. Jim Turano and Niels Brown of Henry S. Miller Brokerage represented the seller, Ardinger Properties LLC. (Read more...)
Ricchi Group plans to put $3M into Regions Tower
Developer Leobardo Trevino has some of Dallas’ most ambitious redevelopment projects under way, including the historic Statler Hilton Hotel and 1600 Pacific LTV Tower.
And he’s just picked up his next project.
Through an affiliate of Dallas-based The Ricchi Group LLC, Trevino has acquired Regions Tower at 1111 Mockingbird Lane in Dallas, for an undisclosed sum. He plans to spend nearly $3 million upgrading the office building.
Ricchi Dallas Investments lights up historic Statler Hilton Hotel
A new blue glow was unveiled Wednesday that will help light Dallas' luminescent skyline.
The developer of the historic Statler Hilton Hotel has added blue lights running up the front of the building facing the Main Street Garden. Leobardo Trevino, CEO of Ricchi Dallas Investments LLC, with the help of Downtown Dallas Inc., unveiled the added lighting Wednesday evening. (Read more...)
Statler Hilton, Part II
In April 2011 we visited the Statler Hilton when work was commencing to clean and restore the massive building (read about that visit here). One year later, we were invited back to view the progress and learn about discoveries that have been made.
Over the past twelve months crews for the Ricchi Group — the team behind the project — have been busy cleaning the building from the inside-out. (Read more...)
“The icon is back”: Developer rehabbing Statler Hilton finds lost mural, finishes out shiny new apartment
One year ago, developer Leobardo Trevino announced he was spending $17.5 million to buy the old Statler Hilton at Commerce, along with the old central library attached to it. Preservationists, downtown developers and city officials, past and present, were so thrilled by the news they held a massive press conference at Main Street Garden, in the shadow of the towering hulk of a hotel. During the gathering, former council member Veletta Lill quoted the late, great Dallas Morning News architecture critic David Dillon: “If there’s one building you’re going to save, it needs to be the Statler.” (Read more...)
Finding A Niche For Your Real Estate Investing Business To Dominate
Let’s face it, the odds of you ever controlling absolutely every real estate transaction in your market are probably slim. However if you hone in your real estate investing marketing and position your brand correctly you could easily completely dominate a niche or two and become the top choice for anyone who falls into your mold. This means getting more out of your marketing budget, realizing a steadier and high volume stream of incoming leads who are ready to do business with you with very little negotiation at all. (Read more...)
Wherein a Good Friend of Unfair Park Tours the Old Dallas Central Library on Commerce Street
A few weeks ago, Leobardo Trevino -- the man who bought the Statler Hilton and the adjacent library -- led Sam and me on a tour of the Statler. I'd also wanted to see the library, which opened in '55 and shuttered in '83, never to be used again; at the time, it wasn't possible. Back when we officed on Commerce, long before its windows were papered over, I used to stare in and wonder what if and return to work and beg our then-publisher to move us into that building -- a George Dahl original. I still harbor that fantasy -- one day, if only. (Read more...)
Breaking News: Statler Sold! Library Too!
A Friend of Unfair Park tipped us off earlier today: Dallas County property records reveal that the old Statler Hilton has indeed been sold; so too its next-door neighbor, the former Dallas Public Library. And according to the deed sale documents, both were purchased by none other than the Ricchi Investment Group out of San Antonio -- which happens to be the very same group, headed by Leobardo Trevino, responsible for turning the old LTV Tower into the Grand Ricchi Dallas, about which city officials only have the nicest things to say. (Read more...)
Statler Hilton sold to developer who plans to ready it for restoration
The Statler Hilton, once Dallas’ finest downtown hotel and the first choice of celebrities and dignitaries visiting the city, has been sold to a developer who plans to gut much of the building while maintaining its historic facade and important elements like its lobby, according to several people familiar with the deal. (Read more...)