Breaking Dallas Real Estate News: Thanksgiving Tower Sold at Dallas County Courthouse Auction
February 5, 2013 | | | Celebrity Homes, Celebrity Real Estate, Dallas Real Estate News, Economy, Emerging Real Estate Markets, Real Estate Market News, Realtor News
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Update, 4:48 p.m.: My source tells me there were 20 people in suits watching and three bidders. The whole thing lasted about 7 minutes. Some guy was on his cell phone updating his office on auction pricing. The pricing started at 55mm, went up in half million increments.
Sources tell me that Thanksgiving Tower just sold for $58,500,000 at the Dallas County courthouse steps foreclosure auction, bought back by the bank.
I was just thinking wowzers, that’s less than the Hicks Crespi estate, and I sure hope they had umbrellas down there today.
It's the banks that are taking a haircut on this one and becoming reluctant Landlords. Younan has been losing office buildings from here to LA, as the debt (taken out in the run up to the conflagration of 2008) is maturing. It’s a total disaster, but hopefully a lesson.
It's the banks that are taking a haircut on this one and becoming reluctant Landlords. Younan has been losing office buildings from here to LA, as the debt (taken out in the run up to the conflagration of 2008) is maturing. It’s a total disaster, but hopefully a lesson.
It's the banks that are taking a haircut on this one and becoming reluctant Landlords. Younan has been losing office buildings from here to LA, as the debt (taken out in the run up to the conflagration of 2008) is maturing. It’s a total disaster, but hopefully a lesson.
It's the banks that are taking a haircut on this one and becoming reluctant Landlords. Younan has been losing office buildings from here to LA, as the debt (taken out in the run up to the conflagration of 2008) is maturing. It’s a total disaster, but hopefully a lesson.
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