& cplSiteName &

Nortel Sells Out in Dallas

Craig Matsumoto
News Analysis
Craig Matsumoto
5/25/2011
50%
50%

The Nortel story is finally winding down, isn't it? The patents sale is schedule for June 20 and will be the company's last big transaction.

And now Nortel's campus in Richardson, Texas, has been sold for $43 million, as reported in Dallas's D magazine.

Nortel doesn't get any of that; the campus was placed in the hands of creditors earlier.



Buildings like this are icons, even more so when the company is gone and the logo still towers over the freeway. I presume the building has been empty all this time; the buyer, Pillar Commercial, has eyes on putting a new Fortune 500 tenant in there.

It would be interesting to see which is the last Nortel-logoed building standing. Does Nortel still have properties in Ottawa? I can't recall.

— Craig Matsumoto, West Coast Editor, Light Reading

(16)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:04:17 PM
re: Nortel Sells Out in Dallas


Around Santa Clara, I think the last of the ex-Nortel spaces got leased out a long time ago. I remember we posted Nick Lippis's photo of the ex-ex-SynOptics building getting changed to Avaya.


http://www.lightreading.com/blog.asp?doc_id=186999


During the bubble, Nortel expanded to some other leased offices right near Intel, IIRC. I don't think those lasted long.

Grizzly709
50%
50%
Grizzly709,
User Rank: Light Beer
12/5/2012 | 5:04:17 PM
re: Nortel Sells Out in Dallas


Federal Government of Canada already owns the last large campus in Ottawa.  A pity....

Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:04:15 PM
re: Nortel Sells Out in Dallas


> Federal Government of Canada already owns the last large campus in Ottawa.  A pity....


Ah, that is a pity. Seems like an unglorious end.


Then again, are campuses in vogue for companies these days? Forget Google. I mean regular companies.  I seem to remember a point in the '90s where anybody building a campus was doomed. It was a lot like stadium-naming rights.


Michelle Donegan
50%
50%
Michelle Donegan,
User Rank: Light Beer
12/5/2012 | 5:04:15 PM
re: Nortel Sells Out in Dallas


I saw a Nortel-logoed building when I was in Frankfurt recently, but I don't know what was or is still there.

jeffreyrobertson
50%
50%
jeffreyrobertson,
User Rank: Light Beer
12/5/2012 | 5:04:13 PM
re: Nortel Sells Out in Dallas


But it still has a Nortel logo, next to all the other logos (Ciena, Ericsson, Avaya) and (I believe) still some Nortel staff doing "transition support" for the other guys.

moon_shot
50%
50%
moon_shot,
User Rank: Light Beer
12/5/2012 | 5:04:12 PM
re: Nortel Sells Out in Dallas


When Genband opened HQ in Frisco the death knell for Richardson as Telecom Corrirdor was gonged.


HP, Genband, Ericsson, Symantec, others are ALL in far North Plano on the tollway near Frisco border.  Frisco is where all their employees live.  Huge mall (yuck) lots of new housing, new schools and every chain restaurant you'd ever want.


The Richardson era is over.  Old buildings, schools overrun, NT buildings now housing Sherman Williams paint and other old line companies.


MetroPCS is still in the old MCI building, but they'll realize soon they made a mistake and move NW to where their employees live.


Sad to see it happen for Richardson, but it's time to move the remaining tech companies NW to Frisco.  Talent pool in Richardson has moved on to where the tech jobs are.

Michelle Donegan
50%
50%
Michelle Donegan,
User Rank: Light Beer
12/5/2012 | 5:04:11 PM
re: Nortel Sells Out in Dallas


Yes, that's it. I was near the airport when I saw it. Sad indeed...

NoCopper
50%
50%
NoCopper,
User Rank: Light Beer
12/5/2012 | 5:04:11 PM
re: Nortel Sells Out in Dallas


You mean the "Main Airport Center" building, close to Frankfurt Airport. As far as I know there is still some Nortel admin staff there, winding down Nortel Germany.  E&Y has an office there, they will be the last ones walking out.


Really sad....

Carol Wilson
50%
50%
Carol Wilson,
User Rank: Blogger
12/5/2012 | 5:04:07 PM
re: Nortel Sells Out in Dallas


Sad, indeed. That's when you know you are getting old, when an area that was once young and hot is relegated to second-class status. I remember, in the post-divestiture days, when Nortel and companies such as DSC Communications, Rockwell, Fujitsu, Alcatel and Nokia were build facilities in Richardson. There was a large hotel there - a Sheraton, I think -- where you could sit in the bar and overhear remarkable stuff, including tons of fun rumors.


I think I developed my fondness for chardonnay in that hotel bar, or at least, honed it.

AUenROD
50%
50%
AUenROD,
User Rank: Light Beer
12/5/2012 | 5:04:05 PM
re: Nortel Sells Out in Dallas


There was a Nortel sign on the building just behind the Hyatt near Dulles (IAD) airport until about 3 months ago.  It is gone now.  I'm relatively sure that the operation there was shut down some time ago though.  It wasn't that big (~ 10 - 20 people) when I was in it about 4 years ago to use their conference room.  The facilities person was tickled at that point for additional justification to keep the place lit.

Page 1 / 2   >   >>
Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
NEXT COURSE
Wednesday, September 14, 1:00PM EDT
What Is Agile?
Kent J. McDonald, Product Owner, Agile Alliance
UPCOMING COURSE SCHEDULE
Friday, September 16, 1:00PM EDT
How to Implement Agile
Alan Bateman, Director, Agile Transformation
Wednesday, September 21, 1:00PM EDT
What Is DevOps?
Colin Kincaid, CTO, Service Provider, Cisco
Friday, September 23, 1:00PM EDT
How to Implement DevOps
,
in association with:
From The Founder
Light Reading today starts a new voyage as part of a larger Enterprise.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Custom TV
F5 Virtual Network Function Integrations With Partner Orchestration Platform

8|24|16   |   6:38   |   (0) comments


F5's Kishore Patnam, product manager for F5's service provider solutions, discusses why service providers are moving towards virtualization and how his clients are utilizing F5's solutions.
Between the CEOs
CEO Chat: Intel's Alexis Black Bjorlin

8|17|16   |   06:23   |   (0) comments


Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
Telecom Innovators Video Showcase
Accelerating Telecom Digital Transformation With Nominum DNS

8|1|16   |   12:04   |   (0) comments


Light Reading's Steve Saunders gets an update from Nominum CEO Gary Messiana on how his company is helping carriers on the digital transformation journey.
LRTV Custom TV
Reinventing Operations for a Virtual, Software-Defined World

7|28|16   |   5:23   |   (0) comments


Heavy Reading Senior Analyst Jim Hodges speaks with Accenture's Larry Socher and Matt Anderson about what service providers must do to transform their business to get the benefits of SDN and NFV including: leveraging DevOps, introducing real-time OSS and implementing analytics.
Women in Comms Introduction Videos
Fujitsu Sales Leader Shares Lessons Learned

7|27|16   |   5:12   |   (1) comment


As Fujitsu's only female sales leader, Annie Bogue knows the importance of asking for what you want, being flexible (she's been relocated five times), keeping a meticulous calendar, 'leaning in,' working harder than everyone else around you, being aware and more.
Telecom Innovators Video Showcase
VeEX Test & Measurement Solutions

7|25|16   |   08:57   |   (0) comments


Cyrille Morelle, president and CEO of VeEX Inc., talks test and measurement with Light Reading's Steve Saunders at BCE 2016. This includes innovative products such as VeSion Cloud-Based platform for network monitoring; MTTplus Modular Test platform for Access, Business, Carrier Ethernet, Transport and Core services; and OPX-BOX+ for Fiber Optics.
LRTV Custom TV
VeEX: Live From BCE 2016

7|25|16   |   03:20   |   (0) comments


VeEX's Senior Director of Business Development, Perry Romano, explains how VeEX provides tools to help install, maintain, monitor and manage network infrastructure efficiently and effectively. The portfolio of products on display include the RXT-6000, MTTplus and TX300s.
LRTV Custom TV
Real-Time Telemetry & Analytics for Intelligent SDN Orchestration

7|25|16   |   03:09   |   (0) comments


Packet Design CEO Scott Sherwood discusses how real-time network telemetry and analytics are enabling a new breed of SDN orchestration applications.
From the Founder
The Russo Report: Driving Disruption

7|25|16   |   07:44   |   (2) comments


In the first episode of a four-part series, Light Reading Founder and CEO Steve Saunders and Calix President and CEO Carl Russo drive around town discussing the disruptive mega-changes in the communications industry and where hope lies for service providers to meet the escalating demands of the cloud.
LRTV Custom TV
NetScout: Maximizing Enterprise Cloud for Digital Transformation

7|20|16   |   04:53   |   (0) comments


Light Reading Editor Mitch Wagner talks to NetScout CMO Jim McNiel about maximizing the benefits of enterprise cloud and digital transformation while minimizing potential pitfalls with a proper monitoring and instrumentation strategy.
Women in Comms Introduction Videos
Ciena's VP Offers a Career Crash Course

7|20|16   |   4:14   |   (2) comments


How did Ciena's Vice President of Sales, Angela Finn, carve out her career path? Simple, she tells WiC. She stayed true to her company, customers and principles. She shares her advice for women on how to be authentic and credible, as well as for companies that want to make a real change to their culture and practices.
LRTV Custom TV
NFV in 2016: Part 2 – Climbing the Virtualization Maturity Curve

7|19|16   |   06:56   |   (0) comments


Many of the initial use case implementations are single-vendor and self-contained. The industry is still climbing the virtualization maturity curve, needing further clarity and stability in the NFV infrastructure (NFVi) and greater availability and choice of virtualized network functions (VNFs). Interoperability between NFVis and VNFs from different vendors ...
Upcoming Live Events
September 13-14, 2016, The Curtis Hotel, Denver, CO
November 3, 2016, The Montcalm Marble Arch, London
November 30, 2016, The Westin Times Square, New York City
December 1, 2016, The Westin Times Square, New York, NY
December 6-8, 2016, The Westin Excelsior, Rome
May 16-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Five of the Top 10 most targeted countries in Check Point Software Technologies' global Malware & Threat Index for Q1 2016 are in Africa.
Hot Topics
Cisco Developing 'Monica' Digital Assistant
Mitch Wagner, West Coast Bureau Chief, Light Reading, 8/22/2016
Rocket Fiber Lights Up Detroit With Gigabit
Elizabeth Miller Coyne, Managing Editor, 8/22/2016
'Most Wanted' Kobi Comes Home
Ray Le Maistre, Editor-in-chief, 8/23/2016
Arista Banned From Importing Products – Cisco
Mitch Wagner, West Coast Bureau Chief, Light Reading, 8/23/2016
How the Padres Hit an IoT Home Run
Mitch Wagner, West Coast Bureau Chief, Light Reading, 8/25/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
There's no question that, come 2020, 5G technology will turn the world's conception of what mobile networking is on its head. Within the world of 5G development, Dr. ...
Animals with Phones
Live Digital Audio

Bridging the tech skills gap is a major challenge for service providers and suppliers alike today – and the challenge is two-fold when it comes to increasing the number of women in the comms space. Level 3 Communications has made it a priority to overcome both challenges by implementing several unique programs focused on building the right candidates from within – in addition to filling the funnel by supporting STEM and other education programs. During this radio show, you’ll learn about these programs from Mary Beth McGrath, SVP of Global Talent Management at Level 3, and the best ways to bridge your own skills gap so that you are motivated and equipped for change. Plus you’ll have the chance to ask Mary Beth your questions live on the air.