Friday, September 10, 2010

Downtown Dallas' historic Davis Building up for sale

Lenders who financed the loft apartment building have decided to seek new owners for the high-rise.

The Davis Building at 1309 Main St. was financed with $32.6 million in commercial mortgage-backed securities debt that has been turned over to a special servicer.
While the building is still owned by a partnership set up by developer Hamilton Properties, a receiver has been appointed to sell the property.

By STEVE BROWN / The Dallas Morning News