Morgan Stanley Bets $1.33 Billion on Dallas Office Space—Why It Matters

Morgan Stanley is committing $1.33 billion to anchor a new Dallas office building—a major gamble on commercial real estate since the pandemic hit. When a household-name company locks in that kind of money, banks feel safer lending to the project and landlords reset their prices. Office buildings still sit partly empty nationwide, so this deal signals the market may finally be moving again.