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High rise office building in Fort Worth sells at foreclosure auction for $12.3 Million

Posted on 5/10/24 at 10:12 am
Posted by TigerB8
End Communism
Member since Oct 2003
9352 posts
Posted on 5/10/24 at 10:12 am
Posted by i am dan
NC
Member since Aug 2011
24809 posts
Posted on 5/10/24 at 10:14 am to
Ugly arse building.
Posted by saints5021
Louisiana
Member since Jul 2010
17505 posts
Posted on 5/10/24 at 10:15 am to
you can fit a lot of illegals in there
Posted by BozemanTiger
Member since Jul 2020
2947 posts
Posted on 5/10/24 at 10:20 am to
No indication of who the buyer was?
Posted by TigerB8
End Communism
Member since Oct 2003
9352 posts
Posted on 5/10/24 at 10:21 am to
quote:

n fit a lot of illegals in there


Yep. It's my opinion that illegals will be housed in these buildings as the marxists look for a solution for their new "constituents">. There are some cities like NY or SF that will never get better due to people in power. Therefore, no business is going to buy or rent office space there.
Posted by Faurot fodder
Member since Jul 2019
2393 posts
Posted on 5/10/24 at 10:23 am to
quote:

No indication of who the buyer was?


Probably that DT that went to Oklahoma.
Posted by TigerB8
End Communism
Member since Oct 2003
9352 posts
Posted on 5/10/24 at 10:30 am to
quote:

No indication of who the buyer was?


Pinnacle Bank of Texas bought it.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7816 posts
Posted on 5/10/24 at 10:32 am to
The architect who designed that should be shot.
Posted by BozemanTiger
Member since Jul 2020
2947 posts
Posted on 5/10/24 at 10:33 am to
It's the second large office sale loss in recent memory.

I'm just curious what these speculators are speculating about.

Redevelopment into a residential use is almost impossible; the plumbing doesn't exist.

AI server farms?
Posted by BozemanTiger
Member since Jul 2020
2947 posts
Posted on 5/10/24 at 10:34 am to
Ah. . . ok. . . I was leaning towards a bank.

I'm still WTF, though.
Posted by joseywales1
Member since Apr 2021
56 posts
Posted on 5/10/24 at 10:39 am to
mortgage holder may have bought it back in.
mortgage could have been a lot higher and nobody bid because they knew how high the mortgagee was going to.
Posted by Shamoan
Member since Feb 2019
9261 posts
Posted on 5/10/24 at 10:40 am to
i think i saw this building in the judge dredd reboot.
Posted by Zach
Gizmonic Institute
Member since May 2005
112570 posts
Posted on 5/10/24 at 10:46 am to
quote:

Ugly arse building.


Most modern buildings are ugly. One commenter about the riots said that protesters shouldn't be spray painting and defacing the beautiful old buildings on the Ivy League campuses. They should go downtown and deface the ugly modern buildings.
Posted by DownSouthJukin
Coaching Changes Board
Member since Jan 2014
27367 posts
Posted on 5/10/24 at 10:54 am to
It looks like it belongs on Texas A&M's campus.
Posted by Bass Tiger
Member since Oct 2014
46245 posts
Posted on 5/10/24 at 10:57 am to
quote:

No indication of who the buyer was?


Probably a huge real estate investment corporation that was waiting like a vulture to feed.
Posted by ElCazador
Texas
Member since Aug 2019
42 posts
Posted on 5/10/24 at 11:00 am to
The real cost of that building would be maintaining it and paying the property taxes. I can't imagine what a nightmare it would be to own that building unoccupied.
Posted by jizzle6609
Houston
Member since Jul 2009
4267 posts
Posted on 5/10/24 at 11:03 am to
This is about to happen in more places than Fort Worth.

Grab your nuts guys.
Posted by PsychTiger
Member since Jul 2004
99210 posts
Posted on 5/10/24 at 11:03 am to
quote:

Redevelopment into a residential use is almost impossible; the plumbing doesn't exist.


Illegals are already used to no indoor plumbing, shouldn’t be a problem.
Posted by Flats
Member since Jul 2019
21834 posts
Posted on 5/10/24 at 11:03 am to
quote:

Ugly arse building.


It looks like one of those toy skyscraper kits from the 70s.
Posted by chili pup
Member since Sep 2011
2772 posts
Posted on 5/10/24 at 11:07 am to
Illegals are like...



This post was edited on 5/10/24 at 11:11 am
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