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Dallas, TX

If a 44-story tower can go for $3.5 million in St. Louis, what does that say about D-FW?

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If a 44-story tower can go for $3.5 million in St. Louis, what does that say about D-FW?


This week, the Wall Street Journal painted a stark picture of downtown St. Louis. It dubbed the area’s office district a “doom loop” and pointed to cities trying to save themselves from a similar trajectory, such as San Francisco and Chicago.

Anecdotally, the publication surfaced a 44-story tower once anchored by AT&T Inc. that traded hands for $205 million in 2006. The Journal reported the St. Louis building, which now stands empty, recently sold for $3.5 million.

Caterpillar to expand D-FW headquarters

It’s a grueling picture as cities across the U.S. cope with the post-pandemic hybrid work reality defined by an office sector of haves and have-nots.

D-FW Real Estate News

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In North Texas, new, amenity-rich offices win new tenants, as do those existing buildings willing to put in significant investments to keep and lure small and mid-sized tenants. That is, during a favorable financing climate.

A common refrain in Dallas are those companies taking their large-scale leases from downtown to Uptown.

Downtown Dallas’ office vacancy rate sits at about 26.5%, according to research from Partners Real Estate.

That’s not the highest in the nation, but it’s still high, according to Steve Triolet, Partners’ senior vice president of research.

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Contributing to the vacancy rate are some of the subleases that have rolled over to direct vacancy, in addition to Class B offices weighing down the central business district.

“When you think about the types of companies that we have here in Dallas compared to Houston or Boston from an office perspective, we represent the nation as a whole,” said Triolet. “This is not just a downtown Dallas problem. All downtowns have this problem.”

Fort Worth is much healthier, he noted, pointing to the city’s 11.5% vacancy rate.

One headwind to the office occupancy problem is corporate America’s reluctance to force employees back five days a week, instead opting for a hybrid model.

However, with many companies asking employees to share the same in-office days, businesses are hard-pressed to cut down their square footage when the same amount of desks are required.

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In contrast to the rest of the country, Triolet pointed to the fact that the region is the fastest-growing in the nation when it comes to in-migration. Dallas-Fort Worth’s main competition is other Texas markets, such as Austin, Houston and San Antonio, though Memphis, Denver and Atlanta rear their heads as well.

Office conversions to hotel space and residential units continue to be a bright spot for downtown. Not only does it take vacant office space off the docket, but it holds potential.

“These represent some diamonds in the rough, but are not the cure,” said Triolet.

It’s too early to count the success of these, especially as many await to see the pricing of the dwelling units.

The other wait-and-see element is just what will happen with large chunks of office space that will require backfilling in downtown Dallas.

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JPMorgan Chase, which recently expanded its lease at the Hunt building, is the outlier that remained downtown when it left its namesake building a few years ago.

But Deloitte, Goldman Sachs and Bank of America will leave large holes as they hightail it for Uptown in the coming years.

Those three firms alone represent nearly 1 million square feet of space combined.

Boeing adds office space in Irving

The Boeing Company has leased additional office space within Freeport Business Center I for its Boeing Global Services supply chain employees.

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A rendering of the exterior of Edged Energy's forthcoming Edged Dallas data center facility...
Lower-water data center concept heading to Irving

Edged Energy will build a 24-megawatt data center in Irving geared toward sustainability.



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Dallas, TX

Suspect arrested in shooting that killed 2 women, wounded man in Old East Dallas

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Suspect arrested in shooting that killed 2 women, wounded man in Old East Dallas


A 25-year-old man faces a capital murder of multiple persons charge for his alleged role in two women’s shooting deaths in Old East Dallas.

Saadiq Shabazz was booked Saturday night into the Dallas County jail and is being held on a $3 million bond, records show. It was unclear whether he had an attorney.

Officers responded about 3 a.m. Saturday to the 2400 block of North Washington Avenue, near Lemmon Avenue, and found three gunshot victims, police said at the time.

Two woman, identified by police as 22-year-old Jalisa Lockett and 24-year-old Amaya Lockett, died at the scene while a man was taken to the hospital and listed in stable condition.

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Shabazz was arrested later that day but details, such as what led police to identify him as a suspect, were not immediately clear.

This investigation is ongoing.

Anyone with information can contact Detective Josue Rodriguez at 214-605-1557 or josue.rodriguez@dallaspolice.gov and reference case No. 077110-2024.

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    Dallas man’s death one of police restraint cases in AP investigation series
    2 women killed in shooting, man wounded in Old East Dallas, police say



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Dallas, TX

‘To live and work in Dallas is to love Dallas’ and other committed quotes of the week

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‘To live and work in Dallas is to love Dallas’ and other committed quotes of the week


“If you are super rich, $20 is nothing to you … if you’re poor, $20 is a massive amount. And so the use of toll roads is very much about creating a system of transportation that is reliable for people who have the ability to pay the toll cost.” — Yonah Freemark, a senior research associate at the Washington, D.C.-based Metropolitan Housing and Communities Policy Center at the Urban Institute, commenting on North Texas’ toll roads and the managed toll lanes. (Monday, The Dallas Morning News)

“I didn’t have much time to make a decision. I had to choose between prison and leaving Iran. With a heavy heart, I chose exile.” — A statement by Iranian director Mohammad Rasoulof, whose film “The Seed of the Sacred Fig” is competing in the Cannes Film Festival. Rasoulof said he was sentenced to eight years in prison, flogging and confiscation of property, which will add to a previous sentence. (Monday, Associated Press)

They don’t go like a battering ram to attack the ship and sink it, and they might do so if that were their intention.” — Alfredo López, a marine biologist and spokesman for the Atlantic Orca Working Group, commenting on a group of killer whales that sunk a sailboat near the coast of Gibraltar (Tuesday, El País)

“We should not go back to business as usual, right? I have a child and a child on the way, My wife was scared out of her mind, not knowing what was going to happen, right? And nobody thanked us.” — Tyree Dean, an English teacher at Wilmer-Hutchins High School who was part of a walkout of students protesting the lack of security after a shooting incident at the school in April (Tuesday, KXAS-TV NBC5)

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“It’s a wonderful celebration, and we hope … that Dorothy Jean inspires more students. … But this is still something so rare and unique.— Leslie Manson, an Arizona State assistant professor, talking about Dorothy Jean Tillman II, a 17-year-old who just earned a doctorate in behavioral health. (Tuesday, ABC News)

“I was the only person I knew who wrote stories, though I didn’t tell them to anybody, and as far as I knew, at least for a while, I was the only person who could do this in the world.— Canadian writer Alice Munro, in an interview after winning the Nobel Prize in literature in 2013. She died last week. (Tuesday, NPR)

To live and work in Dallas is to love Dallas. … This is the right place to complete my service.” — Police Chief Eddie García, after the city announced that an agreement had been reached to keep him until 2027. (Thursday, The Dallas Morning News)

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“People need to know that, you know, who they’re talking to on Instacart is not necessarily who’s going to show up at your house.” – “Law & Order” actor Angie Harmon who is suing Instacart after the delivery person allegedly shot her dog at her North Carolina home. (Thursday, The Dallas Morning News)

“The baby itself becomes a rounding error. It took us a while to wrap our heads around that.” — Dustin Marshall, an evolutionary biologist at Monash University, who discovered, along with his students, that the energy stored in a human baby’s tissues accounts for only about 4% of the total energy costs of pregnancy. The other 96% is extra fuel required by a woman’s own body. (Thursday, The New York Times)

We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here. If you have problems with the form, you can submit via email at letters@dallasnews.com



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Dallas, TX

2 women killed, 1 man injured in shooting at Old East Dallas apartment

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2 women killed, 1 man injured in shooting at Old East Dallas apartment


Dallas police are investigating after two women were killed, and a man was shot at an apartment complex early Saturday morning.

Police responded to the shooting at the Broadstone Paragon on Washington and Lemon Avenues in Old East Dallas at about 3 a.m.

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Responding officers found all three victims with gunshot wounds.

Both women were pronounced dead. The male victim was taken to the hospital where police say he is now stable.

The names of the victims have not been released at this time.

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DPD has not announced any arrests.

The investigation into the shooting is ongoing.



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