10Y UST4.94%-1.40%30Y MTG6.95%+2.81%SOFR3.85%VNQ$93.79+0.95%XLRE$42.58+0.11%FED FUNDS3.88%+6.89%
Real Estate Trail
Institutional Press Wire
Connect CRE · Dallas

Plano Expected to Greenlight Site Plan for AT&T’s $1.35B HQ

Via Connect CRE · September 21, 2026
Compiled by Real Estate Trail Editorial · September 21, 2026

Why this matters

Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Dallas-Fort Worth continues to absorb the largest multifamily delivery pipeline in the country. Industrial along the I-35 corridor is clearing at competitive basis, and selective office is finding bids at deep discounts to replacement. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
The site plan will span 54 acres and will include a $1.35 billion campus for AT&T. KDC is developing the site. While a construction start date has not been set, the Dallas Business Journal reports that employees could…
Read the full article at Connect CRE

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