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Two more downtown Dallas office towers added to July foreclosure auction bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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 get alerts for local breaking news and weather. ....
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 building at Bryan and Harwood streets has been in default on its debt since last year. ....
Dallas: Embargo y venta forzada de rascacielos Bryan Tower dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
Are These Dallas Office Properties Functionally Obsolete? Younger Partners Research Director Steve Triolet says tenants have a new motto: Out with the old and in with the new. By Steve Triolet Published in Commercial Real Estate May 7, 2021 3:00 pm One thing that doesn’t get talked about in Dallas-Fort Worth is how much space we have available. Yes, the record amount of sublease space (9.5 million as of April 2021) is not exactly a secret, but what about the other 60 million and change of direct space, most of which is older second-generation space. Two areas of DFW – and what some of that space looks like – deserve some attention. First up is the Central Business District (CBD) and its biggest blocks of space. ....