The property has long been viewed as a festering eyesore and a haunt for thrill-seeking YouTubers and graffiti artists.

The purchase is the San Francisco firm’s second major Dallas office investment since last year as it battles distress elsewhere.

Decades of new and changing rules have made complying with zoning codes difficult for anyone wanting to build a home.

The purchase of a building in north Fort Worth is yet another indicator the Taiwanese tech company is planning operations in the area.