Deal Ticker: Major Telecom Corridor Office Changes Hands
Plus: Holt Lunsford Commercial completes off-market sale of 600,000 square feet of industrial space; Dallas’ iconic gold Campbell Centre has a new owner, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Industrial leases and sales must be over 50,000 square feet, office leases and sales over 3,000 square feet, and retail leases and sales must be over 1,500 square feet. All multifamily and mixed-use deals are currently welcome.
One of the largest office campuses in Telecom Corridor has exchanged hands. The Galatyn Commons office project in Richardson, which recently underwent a $40 million renovation, has four buildings with almost 800,000 square feet of space. Tenants in the buildings include Goldman Sachs, Steward Healthcare, Service King, and Raytheon. A fourth building houses operations of Bank of America. A company set up by Singapore-based Mapletree Investments P
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Why Warren Buffett puts BNSF ownership on par with Berkshire Hathaway’s Apple stock
The Oracle of Omaha continues to heap praise on the Fort Worth-based railroad.
BNSF owns 23,000 miles of track, spread throughout 28 states.(Jeffrey McWhorter / Jeffrey McWhorter)
Fort Worth-based BNSF Railway took up a good amount of space in Warren Buffett’s annual letter to Berkshire Hathaway shareholders.
After starting his letter by describing property and casualty insurance as the core of Berkshire’s business, Buffett wasted no time getting to the railroad.
“Our second and third most valuable assets – it’s pretty much a toss-up at this point – are Berkshire’s 100% ownership of BNSF, America’s largest railroad measured by freight volume, and our 5.4% ownership of Apple,” said Buffett, who regularly praises BNSF leaders in the letter that goes out as part of Berkshire Hathway’s closely watched annual meeting.
Boeing woes could mean delays for new Air Force One Bankrupt contractor, legal battle put delivery date in doubt Follow Us
Question of the Day
Even presidents sometimes face flight delays.
The troubled rollout of the replacement for Air Force One could be facing more obstacles following a dispute between aerospace giant Boeing and one of its contractors hired to build the next generation of perhaps the most iconic jetliner flying today.
The Chicago-based Boeing announced earlier this week a $561 million quarterly loss for the first three months of 2021, which included a $318 million pretax charge related to problems with the contract to supply two new presidential planes, modified 747s which the Air Force calls the VC-25B and “Air Force One” only when the president is a passenger.