https://www.bisnow.com/dallas-ft-worth/ ... lly-121257"Property investors continue to favor Dallas above all other U.S. markets even as economic turmoil stifles the bulk of activity.
For the third year in a row, Dallas led the nation in commercial real estate investment, with $13.2B deployed over the first nine months of this year, per new data from MSCI Real Assets. That’s a 64% decline over the same period last year, but still more than the $12.7B spent in the runner-up metro of Los Angeles."
Additionally there's outside investment in area buyouts not just property -- though this is not an office but an apartment builder --
https://www.bisnow.com/dallas-ft-worth/ ... try-120922"JPI will keep its name and Irving headquarters and maintain offices in San Diego and Irvine, California, according to a news release. The subsidiary will be led by JPI CEO Payton Mayes and Chief Financial and Investment Officer Mollie Fadule.
“This transaction will enable JPI to grow and deepen our impact on the housing sector,” Fadule said in a statement. “I am thankful to have a trusted partner in Sumitomo Forestry, one that not only understands and respects JPI’s culture and values but also shares our vision and commitment to future growth and impact.”
Absorbing JPI’s business will dramatically expand Sumitomo’s presence in the commercial real estate industry, which it has been building since its acquisition of Crescent Communities in 2018. The company got its start in the single-family home sector in 2003."
https://www.bisnow.com/national/news/ca ... ber-121332Nationally, "Some 88.9% of CMBS loans associated with office properties defaulted at their maturity in September, while 11.1% were paid off during the month and none were extended or modified, according to Moody's Analytics.
Defaulting office loans in September totaled $672M, with $83.7M of maturing loans paid off. September was by far the highest percentage and dollar total for office defaults in a single month this year, well above the previous high-water mark seen in April, when 51.1% of loans due defaulted, totaling $167.2M."