“The Dallas Morning News’ historic former headquarters building in downtown Dallas is being sold to a partnership that includes the region’s biggest commercial builder.
Developer KDC is paying $33 million for the 7.2-acre site at Young and Houston streets. It’s partnering with Dallas restaurateur and businessman Mike Hoque in the deal.
Dallas-based KDC has built millions of square feet of suburban office space for companies including Toyota, State Farm Insurance, JPMorgan Chase and Liberty Mutual Insurance.
The pending sale of the vacant office building and surrounding campus comes a year after The News relocated its offices to the historic Dallas Public Library building on Commerce Street downtown.”
Tim’s must reads:
Historic Dallas Morning News building selling to developers with track record of big deals
New Buc-ee’s Location Opening Monday in Denton
Walmart wants to turn some stores into town centers, including 2 in North Texas
Local:
Big D is second only to the Big Apple in new building projects
A one-of-a-kind, no checkout Sam’s Club is about to open on Lower Greenville in Dallas
Dallas real estate investor looking for $250 million in property buys
New Harwood hotel will be an eye-popping addition to Uptown Dallas’ skyline
Uptown’s newest high-rise is open for business at The Union
Las Colinas’ Four Seasons hotel bought by New York developer
National:
Store modernization efforts paying off for Dunkin’ Brands
Nordstrom shoppers can pick up gifts before doors open this holiday season
Sears’ ‘tragic’ bankruptcy turns to opportunity as US mall owners court Nobu hotels, Life Time Fitness to fill empty stores
Hibbett Sporting Goods to acquire athletic wear retailer
Check out my featured listing this week in Tarrant County!
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 