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Decades of new and changing rules have made complying with zoning codes difficult for anyone wanting to build a home.
The purchase is the San Francisco firm’s second major Dallas office investment since last year as it battles distress elsewhere.
The purchase of a building in north Fort Worth is yet another indicator the Taiwanese tech company is planning operations in the area.
Hines' proposed 1,225-ft tower in downtown San Francisco would be the tallest tower on the West Coast if built.