A partnership between two locally based investment firms, Discover Multifamily and Rainier Cos., has acquired 1001 Ross, a 204-unit apartment building in the historic West End area of downtown Dallas.

The owner of these prominent but aging office towers faces an uphill battle after a $223 million loan matured last year.

The firm could start construction as early as May on a four-building warehouse and distribution project near DFW airport.

The "Crown Jewel of Swiss Avenue," a Tudor Revival manor at 6243 La Vista Drive in Dallas, is on the market for $3,150,000.