Dallas, TX
Downtown Dallas skyscraper The National taken in foreclosure
The lender has taken ownership of The National, a 52-story mixed-use skyscraper in Dallas’ central business district, records show.
Ownership reverted to Starwood Property Trust, an affiliate of Starwood Capital Group, following a foreclosure auction on the steps of the George Allen Courts Building Tuesday. The listed purchase price was $207 million. Existing debt was used to buy the building.
Attempts to contact Starwood before publication were not returned. Dallas developer Shawn Todd, the building’s previous owner, could not be reached for comment.
The foreclosure and Starwood’s acquisition of the tower at 1401 Elm St. was expected.
In an exclusive interview last month, Todd told The Dallas Morning News that he owed roughly $230 million to Starwood. The lender filed the foreclosure in early January, and Todd said he would not fight the proceedings.
Todd cited high interest rates and lower downtown property values as reasons for the foreclosure. He previously said occupancy in the apartments had fallen below 80%.
Todd said he refinanced with Starwood three years ago, but talks with the lender weren’t enough to save the property from foreclosure.
“With our debt balance, the interest rate environment and property values downtown … We don’t see a path to us recouping our remaining equity,” he said. “We’ve been committed to downtown. We’ve been committed for 20 years. In 35 years, our firm has never lost money — this is the first year that it’s happened.”
Todd and his firm Todd Interests invested more than $460 million in a redo of the former National Bank Tower.
The midcentury tower set empty for a decade before it underwent one of the largest urban restoration projects in the nation. The 1.5 million-square-foot office tower became a combination of apartments, hotel rooms, retail, restaurants and office.
Todd touted the deal in 2019 as the “largest historic tax credit deal in Texas.”
The developers got $100 million in historic tax credits and $50 million in Dallas tax increment financing that made the project viable.
“The values aren’t there. That’s the main reason,” Todd previously said of the foreclosure. “The loan is due, and we’re not going to continue to pay.”
It’s unclear what Starwood plans to do with the property. All six restaurants, including the Italian steakhouse and seafood spot Monarch, will remain open.
Opened in 1965, the downtown skyscraper was designed by noted Dallas architects George Dahl and Thomas Stanley. It was the largest vacant building in North Texas when it closed in 2010.
It was the last of the city’s great skyscrapers to be repurposed, according to previous News reporting.
The foreclosure sales come just months after Todd’s firm offloaded its entire share of the 20-acre East Quarter development on the eastern edge of downtown to partner J.P. Morgan Asset Management for an undisclosed sum.
Todd Interests has been behind some of the city’s preeminent redevelopments. In addition to The National, the firm was behind the $300 million renovation and rebranding of Dallas’ Energy Plaza into The Sinclair.
Dallas, TX
FOX’s Kasper Schmeichel compares England to Dallas Cowboys, so who are their other sports analogs?
Scottish World Cup fans reportedly drink Boston dry
Dana Perino announces that Scottish World Cup fans have caused an unprecedented beer shortage in Boston, emptying bars and liquor stores. Jesse Watters playfully observes that Europeans visiting America seem to “love it,” despite negative media portrayals, while Greg Gutfeld adds a satirical comment about “liberal mayors” and local resource management, contrasting Boston’s beer woes with LA’s water and Chicago’s Bears.
FOX Soccer analyst Kasper Schmeichel came prepared for this year’s World Cup on American soil.
The former Danish goalkeeper may not be from around these parts, but that didn’t stop him from dropping an eerily accurate comparison between two overconfident but long-suffering sports programs.
With England and Croatia warming up inside AT&T Stadium, the home of the Dallas Cowboys, Schmeichel decided he would roast two fanbases with one stone, comparing the Cowboys to the Three Lions with a hilarious one-liner.
Funny, but also painfully true if you’re a supporter of either team.
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I made a comparison last week between the English national team and Notre Dame, but Schmeichel got me thinking, who are the sports analogs to England from the four major North American leagues (NFL, MLB, NHL, NBA)?
Today, I will be doing exactly that, including giving a slightly better NFL comp than the Cowboys (shocking, I know).
Without further ado, let’s piss off our neighbors from across the pond.
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NFL – Chicago Bears
Chicago Bears helmets are displayed before the game against the Las Vegas Raiders at Allegiant Stadium in Paradise, Nev., on Sept. 28, 2025. (Kiyoshi Mio/Imagn Images)
While the Dallas Cowboys are a fine comparison for the English national soccer team, I think I can do one better.
Schmeichel mentioned that England “won it once and have never stopped talking about it,” and although the second part of that statement applies to both, the Cowboys are five-time Super Bowl champions, having won it most recently in January 1996, a good three decades after England.
If you really want a team that more accurately mirrors the hard luck of the English, it would have to be the Chicago Bears.
3 HISTORIC NFL FRANCHISES FIND THEMSELVES IN SAME BOAT SINCE TURN OF THE CENTURY
They have one Super Bowl win to their name, which came 40 years ago, and really don’t have much else to show for it.
Also, having lived in the DFW area for the better part of a decade, I can confidently say Cowboys fans are a little too arrogant and cocky to be compared to the English.
Sure, England will say things like “it’s coming home,” but they are far more self-deprecating and aware of their faults, even nihilistic in some cases.
The Bears hang onto their history because they know things will inevitably go bad for them on the biggest stage.
Speaking of which…
NHL – Toronto Maple Leafs
Spencer Carbery, assistant coach of the Toronto Maple Leafs, looks on from the bench during the third period against the Washington Capitals at Scotiabank Arena in Toronto, Ont., on April 14, 2022. (Kevin Sousa/NHLI via Getty Images)
The Toronto Maple Leafs actually line up with England more closely than either fanbase would like to admit.
While the Leafs have a litany of Stanley Cups to their name, their most recent win was back in 1967, less than a full year after England won their first and only World Cup.
As far as expectations go, both constantly go into their respective tournaments with the weight of the world on their shoulders, only to come crashing down in the most horrific ways imaginable.
For the Leafs, it comes in the form of blowing big leads in the playoffs, while English fans and players alike can’t even hear the words “penalty kicks” without having a mental breakdown.
England and Toronto are both long-suffering cities, but their fans keep showing up expecting a different outcome.
Insanity? No, just sports fandom.
NBA – New York Knicks
Jalen Brunson of the New York Knicks celebrates a three-point basket with Karl-Anthony Towns during Game Two of the 2026 NBA Finals at Frost Bank Center in San Antonio, Texas, on June 5, 2026. (Ronald Cortes/Getty Images)
This one would have been an even better comparison if the New York Knicks hadn’t gone and won the whole damn thing this year, but these two sports teams are still eerily similar.
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Think of the Knicks’ 2026 NBA Championship run as a window into what it would look like if England captured a World Cup (on American soil, no less).
Before this year, the Knicks famously had not won a Larry O’Brien trophy in over 50 years, yet they were still considered one of the “blue bloods” of the NBA.
Decades of heartache didn’t change that; it only made their fans more insufferable, but their triumph earlier this month in the NBA Finals exorcised all those demons.
THE ATHLETIC BEWILDERINGLY CELEBRATES ‘ZOHRAN MAMDANI SPORTS SUMMER’ AFTER NEW YORK KNICKS WIN NBA FINALS
A win in the World Cup Finals would probably do the same for England fans, as you could probably feel that sigh of relief from the other side of the Atlantic.
MLB – New York Mets
New York Mets outfielder Juan Soto reacts after scoring a run on an RBI double by infielder Bo Bichette against the San Francisco Giants during the first inning at Oracle Park in San Francisco, Calif., on April 2, 2026. (Robert Edwards/Imagn Images)
Hello again, New York.
The Big Apple certainly has its fair share of winners, but it also has plenty of franchises that are aching to make a trip back down the Canyon of Heroes, none more so than the Mets.
Year after year, the Mets are near the top of MLB in terms of spending, with little to show for their efforts.
WATCH THE WORLD CUP FINAL ON FOX ONE
They won a World Series back in 1986 and have been chasing that high ever since.
The common thread between England and the Mets (along with all the other teams on this list) is expectations relative to results, and it seems like the Mets are sort of a Schrödinger’s baseball franchise in that regard, expected to both compete for a World Series with their high-priced talent and flame out in spectacular fashion all the same.
FOX ONE’S NEW WORLD CUP VIEWING EXPERIENCE
England always has flashy players heading into World Cup play, but the results haven’t been there, and they’ve often been sent home in brutal fashion, offering a great parallel to the Mets’ clockwork-like midsummer swoons and late-season meltdowns.
Dallas, TX
Dallas Police Seize Glock Switch in Deep Ellum
Guerrocastillo was taken into custody without incident and charged with Prohibited Weapon, a third-degree felony; Unlawful Carrying of a Weapon, a class A misdemeanor; Possession of Marijuana under two ounces, a class B misdemeanor; and Public Intoxication, a class C misdemeanor.
“Foot patrols are a foundational part of policing, and our Deep Ellum Task Force officers are making great arrests and providing increased security by walking a beat,” said Deputy Chief Devon Palk, who is commander of the Central Patrol Group. “Having our officers on foot, on horseback, and in our new Polaris utility vehicle puts officers exactly where we need them during peak hours in the area.”
Dallas, TX
Croatia fans rock cowboy style in Dallas parade ahead of match with England
Thousands of Croatia supporters turned downtown Dallas into a sea of red and white ahead of Croatia’s World Cup group-stage match against England. The parade featured cowgirls and groups in horse-drawn wagons and a 100-metre Croatian flag.
Published On 17 Jun 2026
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