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AT&T to Move from Downtown Dallas to Plano

DFW: AT&T has announced plans to move its world headquarters out of downtown Dallas and consolidate its Metroplex employees to a 50-acre campus in Plano. The company occupies more than 2 million square feet in several downtown towers, and it plans to relocate thousands of downtown employees and others in several area locations in the next several years to the site that once housed EDS, the tech company started by Ross Perot. The announcement has rattled area businesses and prompted finger-pointing and reflection by elected leaders about the reasons for the move by the company that has more downtown office space than any other firm. But the announcement follows similar corporate relocations to newer buildings and offices in walkable environments like Uptown or campus settings in Collin County. AT&T also announced it plans to move out of downtown San Antonio to a campus on the city’s northwest side. 

DFW: More new people moved to Dallas-Fort Worth than any other part of the country in 2025, according to a new report from U-Haul International. In its latest report, the company says that out of 2.5 million one-way moves last year, the Metroplex again was the No. 1 destination. Texas also was the top growth state for one-way metro moves in 2025, regaining the title it had lost to South Carolina in 2024. In fact, in the latest report, Houston and Austin came in at No. 2 and No. 3, respectively, followed by San Antonio at 21 and College Station at 23. 

DFW: Dallas developer Todd Interests is making moves on several projects in downtown Dallas. It is selling its share in the East Quarter district to its partner, J.P. Morgan Asset Management. The more than 20-acre re-development of numerous 100-year-old buildings on the east side of downtown began in 2018. The project’s value is estimated to be as much as $300 million. But in another move, the developer says it is relinquishing its ownership of The National, the redeveloped former First National Bank building on Elm Street. The prolific downtown developer received millions of dollars in historic tax credits and reportedly invested more than $460 million to convert the 52-story, 1.5 million-square-foot mid-century building into office, retail, residential and hotel spaces. Todd Interests says numerous factors played into turning the building’s keys back to the lender, Starwood Capital Group. 

U.S.: Home prices across the country were up slightly in October. In its latest report, S&P Case-Shiller noted that prices climbed an average of 1.4% from October 2024. More homes came on the market in the fall, too, lowering the price growth. The report follows a previous report from the National Association of Realtors that said sales of pre-existing homes in October were up 1.2% from September and up nearly 2% from October 2024.

DFW: Several notable Dallas commercial sales took place as the year came to a close. Crescent Real Estate of Fort Worth bought a 19-story, 360,000-square-foot tower on McKinney Avenue in Uptown Dallas, adding to its area portfolio. It is listed for tax purposes at more than $180 million. ACH Legacy North TX LLC is the new owner of The Shops at Legacy North, a retail, office and restaurant center, after paying $78 million to CTO Realty Growth. And Real Capital Solutions, based near Boulder, Colo., purchased the 18-story, 464,000-square-foot Walnut Glen, located on Walnut Hill Lane east of U.S. 75. The company paid $26 million for the building that is nearly 50% leased and was last sold for $73 million 10 years ago.

LA LA LAND: Actor Jeff Bridges is trying to salvage what he can, moneywise, from his family’s Malibu beach property after the home that once stood on it was destroyed by a wildfire last year. He and his actor brother, Beau, and sister inherited the property from their actor father, Lloyd Bridges, and his mother, Dorothy. A four-bedroom, four-bath home once sat on the property and ironically had been listed for sale on the day the first started last year for $8.85 million. The family is now trying to sell the 5,000-square-foot lot for $4.95 million.

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