Top 10 Dallas Business News Stories of 2021: A Year in Review

2021 has been an eventful year for businesses in Dallas, with many notable stories making headlines. From the pandemic to political changes, businesses in Dallas have faced numerous challenges, but also opportunities. Today, we will take a look at the top 10 Dallas business news stories of 2021.

1. Stream Realty Partners Acquires Office Building

Stream Realty Partners, a Dallas-based commercial real estate firm, announced in February 2021 that it had acquired a 356,913-square-foot office building in the city’s CBD. The building was previously known as the KPMG Centre, but after a $28 million renovation, it was rebranded as 717 Harwood. The acquisition is seen as a significant investment in the city’s downtown area, which has been struggling with high vacancy rates due to the pandemic.

2. Southwest Airlines Expands Service to New Destinations

In May 2021, Southwest Airlines announced that it would be expanding its service to new destinations, including Bellingham, Washington, and Syracuse, New York. This move is part of the airline’s efforts to expand its reach and increase its revenue. Southwest is the largest airline in Dallas, with its headquarters located in the city.

3. AT&T Announces Merger with Discovery

In May 2021, AT&T announced that it had agreed to merge its media assets with Discovery Inc. The deal, which is valued at $43 billion, would create a new company that would own HBO, CNN, and the Warner Bros. studio, among other assets. The merger is expected to create significant synergies for both companies, as they look to compete in the rapidly changing media landscape.

4. Pizza Chain “Cane Rosso” Closes Two Locations

In July 2021, Cane Rosso, a popular pizza chain in Dallas, announced that it was closing two of its locations in the city due to the pandemic’s impact. The closures are a reminder of the ongoing challenges faced by local businesses, especially those heavily dependent on foot traffic.

5. Uber Eats Launches Alcohol Delivery Service

In August 2021, Uber Eats announced that it was launching an alcohol delivery service in Dallas. The move is part of the company’s efforts to diversify its revenue streams and provide additional services to its customers. The delivery service is available to customers over the age of 21 and includes beer, wine, and spirits.

6. Neiman Marcus Group Announces Return to Profitability

In September 2021, the Neiman Marcus Group announced that it had returned to profitability after a challenging year due to the pandemic. The luxury retail company had managed to cut costs and pivot to online sales, allowing it to weather the storm and emerge stronger than ever.

7. American Airlines Sues Sabre

In October 2021, American Airlines filed a lawsuit against Sabre, a global distribution company that provides software solutions to the travel industry. The lawsuit alleges that Sabre engaged in anticompetitive practices that resulted in higher costs for American Airlines and its customers. The lawsuit is still ongoing, with both parties expected to appear in court in 2022.

8. SMU’s Cox School of Business Launches New MBA Program

In November 2021, Southern Methodist University’s Cox School of Business announced the launch of its new Online MBA program. The program is designed to provide students with a flexible and convenient way to earn an MBA degree while juggling work and personal commitments. The launch of the program demonstrates the school’s commitment to innovation and keeping up with the changing demands of the business world.

9. Texas Governor Signs Voting Bill

In December 2021, Texas Governor Greg Abbott signed a controversial voting bill that makes it more difficult for individuals to vote in the state. The bill has been criticized for unfairly targeting minority and low-income voters and could have a significant impact on businesses operating in the state.

10. Dallas Cowboys Win Super Bowl

In February 2021, the Dallas Cowboys won Super Bowl LV, marking the team’s first Super Bowl victory since 1996. The win attracted a lot of attention and sparked celebrations across the city. The victory is seen as a significant boost for the team’s owners and the local economy.

Conclusion

In conclusion, 2021 has been a year of significant ups and downs for businesses in Dallas. Despite the challenges, there were numerous success stories and notable developments, from real estate acquisitions to new business launches and sports victories. As we look ahead to 2022, it will be interesting to see what the new year has in store for Dallas’s business community.

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