Billy Wadsack

An Addison-based real estate investor just made its first major office purchase in decades. Harkinson Investment Corp. acquired the 229K SF Tower 2600 office building at 2600 N. Central Expressway in Richardson from Orlando-based Deven Group, a subsidiary of Kajima Corp. from Japan. The purchase of the nine-story Class-A building is Harkinson's largest office investment in more than 25 years, according to a press release from the firm.

Andrew Mason walks through a three-story loft penthouse at The Drakestone high-rise in Downtown Dallas, armed with his smartphone. He admits it’s one of the coolest penthouses in the city, but he’s there to find out whether other apartment locators shared misleading pricing information about it on TikTok. One video featured the unit with text saying “Lofts starting at $1,565.” The actual unit costs almost three times as much, Mason says in his video, which has more than 290,000 views.

Following weeks of sell-offs of semiconductor and big technology stocks, investors have increasingly rotated into real estate, drawn by sectors with strong fundamentals, more predictable cash flows, and assets trading at more attractive valuations. The shift helped make real estate one of the stock market's best performing sectors during Q2 as the S&P 500 finished its strongest quarter in six years.