Why Empty Offices Are Becoming Apartments in Texas's Big Cities
With workers continuing to stay home and housing in short supply, developers in the state’s largest metros are giving new life to old buildings.
Stay updated with breaking news from Bryan Tower. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With workers continuing to stay home and housing in short supply, developers in the state’s largest metros are giving new life to old buildings.
Plus, PGA hires new CTO; Susser Bank welcomes new CFO; and more.
Dallas-Fort Worth is expected to come out ahead in the post-pandemic rebound. Here's what we're following in commercial real estate in the year ahead.
Updated on May 11, 2021 at 2:10 pm NBC 5 News The 40-story Bryan Tower is scheduled for a June 1 forced sale by lenders, according to Dallas County records. The lenders seeking the foreclosure hold a $70 million loan on the high-rise. Bryan Tower has suffered a decline in occupancy because of the COVID-19 pandemic and the loss of its largest office tenant, hospital company Baylor Scott & White. Occupancy has fallen to only about 35%, according to reports from special servicers that have taken over administration of the building’s debt. Download our NBC DFW mobile app for Apple or Android to...
Downtown Dallas skyscraper set to be sold at foreclosure The landmark Bryan Tower on downtown’s northeast side has defaulted on debt and faces a forced sale. Bryan Tower's owners have been seeking to refinance or sell the skyscraper since last year. (Smiley N. Pool/The Dallas Morning News)(Smiley N. Pool) A landmark downtown Dallas skyscraper has a date set for foreclosure. The 40-story Bryan Tower is scheduled for a June 1 forced sale by lenders, according to Dallas County records. The lenders seeking the foreclosure hold a $70 million loan on the high-rise. The partnership that owns the ...