Frontier Communications Promises Return-To-Work if Deal Is Struck Originally posted by Candace Carlisle, CoStar News An East Coast telecommunications company is weighing the possibility of moving its corporate headquarters to either Dallas or Tampa, Florida, a move that could bring hundreds of full-time employees — many of whom are working at home — back to […]

Pacific Elm Properties Expects To Begin Office, Retail and Apartment Project Next Year Originally posted by Candace Carlisle, CoStar News A long-awaited two-tower project in downtown Dallas is getting closer to becoming a reality. Pacific Elm Properties, an affiliate of Woods Capital, has filed a state permit to begin work next March on a $350

Flight to Quality Trend Isn’t as Simple as New Versus Old Properties, REIT’s CEO Says Originally posted by Andria Cheng, CoStar News As office vacancies in New York and the country reach record highs, the owner of Manhattan’s iconic Empire State Building seems to be bucking the trend — but not with shiny new trophy

Supply-Heavy Areas Report Weaker Rent Performances Originally posted by Bill Kitchens, CoStar News Annual rent growth in Dallas-Fort Worth trended negative in the second quarter for the first time since the third quarter of 2010. The market reported a -0.4% change in annual rent levels in the second quarter of 2023 as part of a

Invited Unveils Facility for Fast-Growing Sport on Santander Tower’s 48th Floor Originally posted by Chad Littell and Candace Carlisle, CoStar News Invited, the largest owner-operators of private golf and country clubs, opened a pickleball court on the 48th floor of one of the tallest skyscrapers in downtown Dallas that an executive said is the “highest pickleball court

Greg Abbott Says He’ll Keep Calling Special Sessions Until Property Tax Relief Bill Reaches His Desk Originally posted by Chad Littell and Parimal M. Rohit, CoStar News Texas Gov. Greg Abbott has called the state’s legislators back to the Capitol for a second special session that will focus exclusively on lowering property taxes. The special session started

Cohen Asset Management Adds Nearly 1 Million-Square-Foot Warehouse to Growing Texas Portfolio Originally posted by Chad Littell and Candace Carlisle, CoStar News A West Coast real estate investment firm is expanding its holdings in the Lone Star state, having recently purchased a nearly 1 million-square-foot warehouse in Dallas leased to an Amazon affiliate, with plans to continue

Texas Legislature’s Regular Session Ends With Impeachment, Revival of Corporate Incentives Program Originally posted by Parimal M. Rohit, CoStar News The Texas Legislature wrapped up its 88th session on Monday but lawmakers remain at the Capitol after Gov. Greg Abbott called for a special session involving real estate issues. That first extended session of the Republican-dominated Texas

High Nominal Rates Are Not the Problem, How Fast Rate Hikes Are Made Is What Surprises Market Participants Originally posted by Chad Littell and Carl Gomez, CoStar News Investors have been concerned about how the Federal Reserve’s rate hikes affect commercial real estate values, and with good reason. Until recently, the market’s remedy was that if the

Originally posted by Andy Peters, CoStar News Wells Fargo, JPMorgan Chase, PNC Say High Vacancy Rates at Those Properties Could Spell Trouble Wells Fargo, one of the largest U.S. commercial real estate lenders, set aside more money this year because of concerns some of those property loans could go bad. But the San Francisco-based bank