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Dallas-area office owner gets debt extension

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Dallas-area office owner gets debt extension


One of the Dallas area’s biggest office landlords – California-based KBS – has extended the debt on three of its North Texas properties.

A real estate investment trust managed by KBS owns the Preston Commons and Sterling Plaza buildings in North Dallas and the Legacy Town Center office complex in Plano.

The North Texas buildings, along with properties in California, are financed with more than $600 million in mortgages from a group of lenders. KBS recently received another extension on the debt, which was facing maturity.

“The new six-month extension provides a runway to engage with the lenders over a longer-term positioning of those assets,” a KBS representative said in an email.

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Dallas and Irving building owners withdraw demand for unpaid rent from WeWork

The ownership behind Parkview at McKinney in Uptown Dallas and Williams Square in Irving withdrew motions seeking payment for missed rent from WeWork, citing they had reached stipulations with the troubled shared office firm.

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The volume of industrial construction is shrinking. This photo shows a building underway at...
Dallas-Fort Worth loses top spot for industrial construction

Dallas-Fort Worth no longer has the largest industrial pipeline in the country. But the softness in the market, experienced by developers and investors alike, may let up with interest rate cuts and a relaxed lending environment.

KBS has hired international investment bank Moelis & Co. to raise $100 million in capital for the trust.

The KBS real estate trust owns more than $1.2 billion in office properties in the central U.S. stretching from Texas to Minneapolis. The investor previously said the value of its holdings has fallen by almost $350 million since 2002.

KBS Real Estate Investment Trust III has more than $1 billion in property loans that are coming due this year.

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KBS owns more than 2 million square feet of offices in 11 Dallas-Fort Worth buildings. The office buildings are held by various KBS funds and a real estate investment trust.

The overall occupancy of KBS’ D-FW buildings is 86% and several of the offices are more than 90% leased.

Office building owners have struggled in the last year with weakened demand for building space and higher interest rates that make it tough to obtain financing.



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Dallas, TX

Eagles vs. Cowboys Live Updates, Score: Can Dallas Get a Big Win?

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Eagles vs. Cowboys Live Updates, Score: Can Dallas Get a Big Win?


We’ve got a good old-fashioned NFC East rivalry matchup in store for “America’s Game of the Week” on Sunday.

The Eagles (8-2) and the Cowboys (4-5-1) meet up in Texas for the latest installment of one of the NFL’s top rivalries. Philadelphia won the first game between these two teams to open the season back in September, taking down Dallas in a game that was much closer than many expected.

However, the Eagles have largely looked the part of a defending Super Bowl champion since that game. They enter Sunday’s tilt as the NFC’s No. 1 seed. The Cowboys, however, have had a bumpy year. They have a tough hill to climb to make the postseason, but it seems possible with newcomer Quinnen Williams leading an improved defensive unit. 

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Will Philly maintain control of the NFC, or can Dallas start a winning streak and make a playoff push?

Follow along for Sunday’s highlights!

4:58p ET

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A.J. Brown getting involved early and often

4:56p ET

Cowboys can’t get out their own way

4:53p ET

Tom Brady has liked the year Jalen Hurts has had

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4:47p ET

The Eagles’ defense can travel

4:46p ET

One drive, one TD for Eagles

3:46p ET

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Setting the stage in Dallas

Live Coverage for this began on 3:47p ET



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Dallas, TX

Hundreds line up in southern Dallas for Thanksgiving meal distribution

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Hundreds line up in southern Dallas for Thanksgiving meal distribution


Hundreds of cars lined up outside Uplift Hampton School in southern Dallas for the Melville Family Foundation’s fourth annual Thanksgiving meal distribution. Students and volunteers handed out kits with turkey, fresh produce, and traditional sides to families in need.



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This North Oak Cliff neighborhood is Dallas’ friendliest

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This North Oak Cliff neighborhood is Dallas’ friendliest


Nextdoor, the social media platform that connects neighbors through shared recommendations and local updates, recently released its ranking of the friendliest places to live in Dallas. At the top of the list is South Winnetka Heights, an Oak Cliff neighborhood of about 95 homes, many of which date back to the 1920s and ’30s.

Lists like these are subjective, to put it mildly, but in a sprawling city like Dallas, friendliness can feel like a lost art. It’s heartening to see neighborhoods that value connection where the neighborly spirit is thriving.

Last year, the neighborhood just a few streets away from Bishop Arts became an approved conservation district. The ordinance protects the roughly four blocks of Craftsman and bungalow-style houses south of 12th Street, which divides South Winnetka Heights from the Winnetka Heights historic district.

In December, the historic district hosts a holiday home tour, when residents open the doors of their Craftsman homes to visitors. It’s clear that residents take pride in showing off their neighborhood and its Prairie-style and Craftsman houses.

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Michael “Patty” Evans has called South Winnetka Heights home for over 20 years and was among the residents who pushed for its conservation district status. He explained that the rules are looser than those of their northern neighbors in the Winnetka Heights historic district — protecting the character of the homes without stricter material or design regulations.

Nextdoor determines neighborhood scores based on factors like posts with positive or negative tones, fulfilled neighbor requests and posts expressing neighborhood pride or dissatisfaction. But that community feel isn’t limited to online.

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Evans described the streets around him as a “tight neighborhood.” He said neighbors take the time to introduce themselves to new residents, and that this creates a network of people who know one another and keep tabs on what goes on in the neighborhood.

As much as Chicago or New York are cities of neighborhoods, Dallas is also a city of neighborhoods, and we should try to preserve this sense of community where we can.

As new developments and luxury apartment complexes come to Bishop Arts and more residents and businesses gravitate toward areas like Uptown, finding ways to stay connected to the local community feels increasingly important.

Evans said that sitting on his porch in South Winnetka Heights, especially when the leaves begin to fall, he can see downtown Dallas.

The city is a lot smaller than it can feel, especially when neighbors take the time to talk to each other, and not just online, but also by waving from their porches.

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