Dallas-Fort Worth’s big property deals in 2023 defy real estate slowdown

For the real estate industry, 2023 can’t move into the rearview mirror soon enough.

Soaring interest rates. Slumping sales. Rising commercial foreclosures. It’s been a year of dread for many property owners.

But the current down cycle is nowhere near the distress that the industry weathered during the Great Recession or the banking sector meltdown in the late 1980s.

Despite the year’s headwinds, some of Dallas-Fort Worth’s biggest construction projects kicked off in 2023. Major properties changed hands. Home prices were more resilient than many expected.

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Source: The Dallas Morning News

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