AT&T to spend millions on an ‘urban-tech’ Dallas campus; to add 1,300 workers

Telecom giant AT&T plans to spend millions renovating its downtown Dallas headquarters and adjacent plazas to create an “urban-tech center,” as it plans to add more than 1,300 employees in the next few years.

The Dallas-based company has been searching for a new corporate home in North Texas, which has included options — including new development — in downtown Dallas and a possible executive office in Frisco.

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Exxon Mobil calls off lawsuit over Harris County’s appraisal of 385-acre campus

Exxon Mobil Corp. (NYSE: XOM) has stopped haggling with Harris County over its 2015 tax bill.

The Irving, Texas-based energy giant filed a motion to dismiss a lawsuit it filed against the Harris County Appraisal District over a $40 million property tax bill,according to the Houston Chronicle. In the lawsuit, Exxon had claimed HCAD’s $1.04 billion appraisal of the site for 2015 was “excessive and unequal in comparison with other similar property in the appraisal district.”

The filing comes a day before Exxon planned to release financial documents related to the property acquisition and construction of the campus, the Chronicle reports. The company already paid its disputed tax bill.

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Dallas Midtown’s 20-acre focal point begins to take shape

The proposed centerpiece of the Dallas Midtown evolution will be unveiled at a town hall meeting next week.

This 20-acre focal point will tie in the rest of Dallas Midtown and could be a big draw to investors, developers and companies, said Bruce Bradford, president and CEO of the North Dallas Chamber of Commerce .

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Why Viridian’s ownership venture decided to buy McKinney’s Trinity Falls

A joint venture between The Johnson Development Corp. of Houston and Toronto-based Tricon Capital Group Inc. (TSE:TCN) acquired Trinity Falls, a 1,700-acre master-planned community in McKinney, with plans to bolster home sales in coming years.

Terms of the acquisition were not immediately disclosed. The team acquired it from Austin-based Castle Hills Partners.

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TriGate sells 2 office buildings along the Dallas North Tollway in Addison

Dallas-based real estate investment firm TriGate Capital has sold two of its office buildings along the Dallas North Tollway in Addison after holding the buildings for the past six years.

The two buildings were part of a three-building portfolio TriGate Capital acquired in 2010. The original portfolio also included an office building at 14850 Quorum Drive, which was sold last year.

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Dallas private equity firm assembles 35-building, $200M Texas industrial portfolio

Dallas-based private equity firm Stonelake Capital Partners has assembled a large Texas industrial portfolio with an estimated value of $200 million, with plans to hold the properties for the next three to five years.

The 35-building, 3.1 million-square-foot portfolio in Dallas, Houston and San Antonio was assembled through 11 separate transactions in the last 18 months. This portfolio will be the final investment for Stonelake’s fund, Stonelake Opportunity Partners III LP.

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