Breaking Dallas Real Estate News: Thanksgiving Tower Sold at Dallas County Courthouse Auction

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Thanksgiving Tower 02Update, 4:48 p.m.: My source tells me there were 20 people in suits watching and three bidders. The whole thing lasted about 7 minutes. Some guy was on his cell phone updating his office on auction pricing. The pricing started at 55mm, went up in half million increments.

Sources tell me that Thanksgiving Tower just sold for $58,500,000 at the Dallas County courthouse steps foreclosure auction, bought back by the bank.

I was just thinking wowzers, that’s less than the Hicks Crespi estate, and I sure hope they had umbrellas down there today.

Candy Evans, founder and publisher of CandysDirt.com, is one of the nation’s leading real estate reporters.

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