DFW Apartment Bubble Deflated In 2023 As Onslaught Of New Units Pushed Supply Ahead Of DemandBisNow
It was a year of reckoning for the local apartment industry. After notching a series of wins in the wake of the pandemic, occupancy in Dallas-Fort Worth declined each month in 2023, causing rent growth to falter in the back half of the year. A wave of new units coming online snatched the ball from owners and placed it firmly in the tenants' court, marking a reversal in the power dynamic that has defined the market for the last three years.

Big Sky Medical Secures Unanimous Approval from Dallas City
Globe News Wire
In a significant milestone for healthcare real estate, Big Sky is thrilled to announce the unanimous approval from the Dallas City Council for the rezoning of Pyramids South Tower, marking a pivotal move to include medical tenancy within this iconic structure. The original building was intended for Allegiance Telecom which declared bankruptcy in 2003, and never occupied the complex. 

McLennan Central Appraisal District Chief Appraiser leaving, interim replacement found
KWTX
The McLennan Central Appraisal District (MCAD) Board of Directors announced their Chief Appraiser, Joe Don Bobbitt, is leaving the position. Bobbitt has accepted the position of Chief Appraiser at the Tarrant Appraisal District. ““During his tenure with MCAD (Bobbitt) has exceeded our expectations in a short period of time,” said MCAD Board Chair Ben Perry. 

Tarrant Appraisal District Names New Chief Appraiser
The Texan
The Tarrant Appraisal District (TAD) board of directors announced it would hire Joe Don Bobbitt as its new executive director and chief appraiser. A news release by TAD called Bobbitt a “a dedicated military veteran, and a seasoned professional with over a decade of experience in the appraisal industry.” Interim Chief Appraiser William Durham will stay on until February 1, 2024. 

Retiring chief appraiser reflects on his 20 years at BCAD
San Antonio Report
After 42 years, Michael Amezquita is walking away from his property tax career that began literally by accident. In September, Amezquita announced his plans to retire on Jan. 5 after 20 years with the Bexar County Appraisal District (BCAD) as its chief appraiser, a job he knows has made him unpopular, but one many officials say he took on with confidence and good faith.