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The Last Word: Dallas Billionaire Tom Dundon on Why He Bought and 'Fixed' an NHL Team

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The Last Word: Dallas Billionaire Tom Dundon on Why He Bought and 'Fixed' an NHL Team


Tom Dundon
Owner of the NHL’s Carolina Hurricanes
.…The Hurricanes fit both of Dundon’s criteria, says Sports Business Journal.

Dundon, the chairman and managing partner of Dallas-based Dundon Capital, became the majority owner of the NHL’s Carolina Hurricanes in 2017, three years after he took Dallas-based auto loan giant Santander Consumer USA public with an IPO that raised $1.8 billion. He’s also a co-owner of the PPA Pickleball Tour—which merged in March with Austin-based MLP by Margaritaville—and an investor in Pickleball.com

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So you’d think he loves to watch his players in action. But that’s not the case, he told Sports Business Journal’s Ben McKeown, for one big reason: “The chance you might lose.”

Losing has become less of a factor for the Hurricanes since he bought them, though (they’re currently leading the New York Islanders 3-1 in the Stanley Cup playoffs). The SBJ’s profile of Dundon credits a lot of that success to the billionaire’s “calculating nature” as a “super competitive” owner who does “whatever it takes to win.”

Now Dundon is stepping up to the plate for something else, the SBJ reports: potentially being a lead investor for a group that wants to bring a Major League Baseball team to North Carolina.

You can read the SBJ story on Dundon here.

For more of who said what about all things North Texas, check out Every Last Word.

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    The Dallas Public Library’s J. Erik Jonsson Central Library in downtown Dallas—one of America’s largest—was built in 1982 across from Dallas City Hall, and many agree it could use an overhaul. That especially includes library officials and consultants they brought in for a report on the building’s future, among other needed investments in the city’s library system.

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  • When Dak Prescott is in a pickle, usually it’s because an Eagles defensive lineman is chasing him around the backfield. But now the Dallas Cowboys QB has found a new pickle-related pursuit: He’s become one of the owners of the Frisco Pandas, a Major League Pickleball franchise. The move comes just months after Frisco-based Dude Perfect became investors in the franchise, valuing the team at $5 million.



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Dallas, TX

A Second Act for Dallas Real Estate Exec Bob Mohr

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A Second Act for Dallas Real Estate Exec Bob Mohr


Like many of his midwestern peers, Bob Mohr left Indiana in the mid-1980s to pursue a commercial real estate career in Dallas. The market was hot, and there was money to be made. But within two years, conditions had drastically changed. Banks were failing, the S&L crisis was taking hold, office buildings that had sprouted up were sitting empty, and no deals were in sight.

The developer for whom Mohr worked wanted to take away his salary and shift him to a commission-only role. Instead, the industry upstart decided to go into business for himself and focus on the emerging specialty of tenant representation. “I worked out of an executive suite someone let me use, and my wife helped me,” Mohr says. “I didn’t have much money to invest in buildings at the time, and I thought that, frankly, tenant reps and corporate folks—nobody wants to hear this—make an obscene amount of money for what they do. You know, you renew a lease and get paid 4 percent of the gross. So, I thought that might be a good area to focus on.”

His first deal was a 3,000-square-foot lease for Christian Broadcasting Network. Initially, business centered around renegotiating agreements for tenants. As the real estate market rebounded, Mohr Partners grew. Clients asked him to do what he did in Dallas in Atlanta and other markets, and the firm evolved to specialize in multi-site, multi-year agreements for national tenants.

By 2017, after 31 years of growing and running his company, Mohr was ready for a fresh challenge and sold the firm to then-president Robert Shibuya in a management buyout. (Shibuya now serves as chairman and CEO and is majority shareholder.) Mohr Partners had 18 offices at the time; today it has 24 and is among the world’s largest tenant-only advisory firms.

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“I had done the same thing for so many years, and intellectually, as much as anything, I was ready for something new,” Mohr says. Retirement, however, was not in the cards. He had quietly begun a capital markets side hustle in 2000 and decided to double down on investments via his family office. Things have gone well.

Through Mohr Capital, he has bought and developed projects across the country—retail, industrial, hospitality, and office, and he may expand into student housing, too. In Dallas, he put about $2 million into a 12-story office tower at 4851 LBJ Freeway he bought in 2020 and has nearly filled it up. Among other improvements, he upgraded the building’s cafe and brought in noted Dallas chef James Rowland to run it. “I also used the old Trammell Crow model of hiring a good security guy who knows everyone,” Mohr says.

He’s currently making $7 million in capital improvements to a hotel in Austin and developing a 705,000-square-foot logistics park in Surprise, Arizona. That project, in partnership with Rosewood Property Co., is the first in which he has taken outside equity. Looking ahead, Mohr intends to pursue more hospitality deals. “There are many moving parts, but the yields are so much better if you can hit it right,” he says. He’s also working on a flurry of industrial acquisitions, but intends to proceed with caution on office buys. “Values are down 35 percent,” he says. “There are going to be some great opportunities; you just have to wait for the timing to be right.”  

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Christine Perez

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Christine is the editor of D CEO magazine and its online platforms. She’s a national award-winning business journalist who has…

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Doncic leads Mavs to Game 5 win, 3-2 lead on Thunder

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Doncic powers Dallas to Game 5 win, 3-2 series lead

• Download the NBA App
• Box score: Mavericks 104, Thunder 92

OKLAHOMA CITY (AP) — Luka Doncic stopped worrying about calls and just played.

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It worked. He scored 31 points in a triple-double, and the Dallas Mavericks beat the Oklahoma City Thunder 104-92 on Wednesday night to take a 3-2 lead in the Western Conference semifinal series.

Doncic didn’t voice his displeasure with the officials nearly as much as usual, though he had words with fans a few times.

“I’m just trying to play basketball, just focus on basketball,” he said. “Sometimes I forget this is the thing I love, the thing I do. My mental focus was just go out there and play basketball with a smile on my face and just go.”

Doncic, the league’s leading scorer in the regular season, had struggled some in the series against Oklahoma City. Playing through a sprained right knee and a sore left ankle, he had averaged just 22 points on 39% shooting through the first four games. He made 12 of 22 field goals in Game 5 and had 11 assists and 10 rebounds for his sixth career playoff triple-double.

“He was aggressive,” Mavericks coach Jason Kidd said. “He was making shots, taking shots. The deep 3, being able to get to the basket, playmaking for his bigs and also for the wings.”

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Dallas regained the lead in the series after blowing a 14-point advantage and losing 100-96 at home in Game 4.

“We know the last game we played against them at home, we let it go,” Doncic said. “It was our mistakes and they hit shots.”

Derrick Jones Jr. scored a playoff career-high 19 points and P.J. Washington Jr. added 10 points and 10 rebounds for Dallas, which shot 52.6% from the floor. The No. 5-seeded Mavericks can advance to the Western Conference finals with a win Saturday at home.

Shai Gilgeous-Alexander scored 30 points for the top-seeded Thunder, but no other Oklahoma City player scored more than 13.

The Mavericks won Game 5 on the road, just like they did in the first round against the Los Angeles Clippers. Dallas held Oklahoma City to 42.5% shooting.

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Coach Mark Daigneault said the Thunder simply didn’t shoot well, but they found some cracks in Dallas’ defense late in the game.

“I thought we were kind of there tonight and maybe missed a couple plays,” Daigneault said.

Oklahoma City tried to jump-start its struggling offense by replacing Josh Giddey with Isaiah Joe in the starting lineup. Giddey did not start for the first time in 229 combined regular season and postseason games.

Dallas led by 15 in the second quarter and took a 54-44 edge into halftime. Jones scored 15 points before the break.

Gilgeous-Alexander scored 14 points in the third quarter, but Dallas still led 79-67.

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Dallas pushed its lead out to 18 points early in the fourth quarter before the Thunder surged. A 3-pointer by Gilgeous-Alexander cut the deficit to 89-79 with just under seven minutes remaining and forced Dallas to call a timeout. The Thunder never got closer than seven points the rest of the way.

Now, the Mavericks are close to advancing.

“We’ve got one more to win out of two games,” Doncic said. “That’s it. We’re up 3-2, but that’s still nothing. We’ve got to finish it and go with the same mentality at home.”

The Thunder, one of the youngest teams in the league, face elimination for the first time.

“Our mood won’t change, our mentality won’t change,” Gilgeous-Alexander said. “It’s one game at a time. We wanted to win this game tonight as badly as we’re going to want to win the next game.”

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Dallas Cowboys schedule release 2024: Best Twitter reactions

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Dallas Cowboys schedule release 2024: Best Twitter reactions


The long-awaited NFL schedule release is here and the Dallas Cowboys now know their plans for the next several months.

We already knew the team would kick off the season on the road against the Cleveland Browns but now we have the rest of the schedule as well.

A few key dates include a Thanksgiving Day showdown with the New York Giants, a re-match with the San Francisco 49ers in Week 8 — which comes after the bye — and a season finale against Dan Quinn and the Washington Commanders.

Once the schedule was officially released, teams began to send out videos on social media.

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The Cowboys were no exception as they prank called several opposing teams’ fans, including a few well-known former players.

Some of the fans out there seemed to enjoy the release.

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Others didn’t agree, with one fan calling it the worst they ever did. And in all honesty, there wasn’t much entertainment value here.

What’s worse is someone pointed out an issue on their release. The Cowboys put their Thursday Night Football showdown with the Giants down as Sunday, Sept. 26.

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Others circled games they have interest in, or ones they wished would have happened.

Then there were the record predictions and a jab about the “all-in” Cowboys.

And of course, some wanted to discuss the toughest stretches, which are always important.

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There are plenty of prime time games, some high-profile re-matches, and of course, some difficult NFC East showdowns. The Cowboys schedule is here and we’re now ready for the season to begin.





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