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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

Vigil honors victims of Dallas apartment explosion that killed three and injured five

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Vigil honors victims of Dallas apartment explosion that killed three and injured five


More than 100 people gathered Friday night at a high school near the sealed‑off blast zone to honor the victims of the deadly explosion at The Clyde apartments in Oak Cliff

The vigil – filled with hymns, prayers, and candles – brought together neighbors, local leaders, and pastors, many of whom were personally connected to those who died.

Just down the street, the debris field marks where three people were killed and five others injured when an explosion and fire tore through the complex earlier in the day.

Remembering Sylvia Collins

Sylvia Collins

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Among those honored was Sylvia Collins, a Democratic Party precinct chair known for her energy, advocacy, and signature raised‑fist rally pose.

State Rep. Cassandra Garcia‑Hernandez reflected on the loss, saying she couldn’t imagine taking another “fist‑up photo” with Collins. 

State Sen. Royce West urged the community to remember Collins by continuing the work she championed.

Authorities have not yet released the names of the other two victims, believed to be a young woman and her toddler.

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Search and Recovery Complete, Cause Still Unknown

Dallas Fire‑Rescue Chief Justin Ball confirmed that the search and recovery phase is complete, though he declined to comment on whether construction crews digging near the property may have struck a natural gas line before the blast.

Ball also defended the actions of firefighters who were on scene for up to 10 minutes before the explosion without ordering evacuations. He said crews first had to locate the source of the gas odor, secure a water supply, and gear up before they could begin clearing the building.

Lawsuit Filed Against Atmos Energy

One survivor has already filed a lawsuit against Atmos Energy, accusing the utility of failing to properly monitor for gas leaks. Attorney Sadi Antonmattei‑Goitia said incidents like this “don’t happen without bad decisions being made.”

Atmos did not respond to questions about the lawsuit but issued a statement saying the company’s “hearts go out to the people who were tragically lost, their families, and everyone who has been impacted.”

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Dallas, TX

McAllen Welcomes Texas Hockey | Dallas Stars

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McAllen Welcomes Texas Hockey | Dallas Stars


DallasStars.com is the official Web site of DSE Hockey Club, L.P. The Dallas Stars primary logo is a registered trademark and the Stars name and secondary logos are trademarks of the Dallas Stars. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2026 DSE Hockey Club, L.P. and the National Hockey League. All Rights Reserved.



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Dallas, TX

At least three dead after fire destroys Dallas apartment complex

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At least three dead after fire destroys Dallas apartment complex


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A large fire destroyed an apartment complex in Dallas after crews responded to reports of a gas leak. Authorities say at least three people, including a child, were killed. Other residents are unaccounted for.



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