{"id":369493,"date":"2026-07-11T14:13:26","date_gmt":"2026-07-11T14:13:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/369493\/"},"modified":"2026-07-11T14:13:26","modified_gmt":"2026-07-11T14:13:26","slug":"mark-cuban-takes-dallas-mavericks-owner-to-court","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/369493\/","title":{"rendered":"Mark Cuban Takes Dallas Mavericks Owner to Court"},"content":{"rendered":"

Who could\u2019ve guessed that selling a basketball team would change who\u2019s in charge? Apparently not Mark Cuban.\u00a0<\/p>\n

After hinting at his regret over selling the Dallas Mavericks to Las Vegas Sands on a podcast in March, the billionaire businessman isn\u2019t just going public with his concerns about the team\u2019s new ownership\u2013he\u2019s taking them to court<\/a>.\u00a0<\/p>\n

Cuban, who sold his majority stake in the team to Miriam Adelson\u2019s casino company in 2023, claims in a new court filing that he was shut out of decisions about the team\u2019s new arena, the Dallas Morning News reported<\/a>. He\u2019s asking the court to grant him the right to review the contract to buy the Valley View Mall site, which the team confirmed plans to purchase<\/a> earlier this summer.<\/p>\n

Cuban pointed to a verbal agreement with Sands that he\u2019d continue to oversee team operations while Sands would pursue development of a casino arena. Such a development is still contingent on Texas legalizing casino gambling, a legislative white whale for Cuban and Sands despite millions spent lobbying and on campaign donations for the better part of a decade.<\/p>\n

The filing cites the Mavericks\u2019 trade of Luka Don\u010di\u0107 as the nail in the coffin for Cuban\u2019s relationship with Sands. He claims he didn\u2019t learn about the wildly unpopular trade until it was too late to object.\u00a0<\/p>\n

Former team president Frank Zaccanelli, whom The Dallas Morning News quoted in its coverage of the filing, didn\u2019t have a lot of sympathy for Cuban: \u201cThe bottom line is this: Mark sold majority ownership and control in the team.\u201d<\/p>\n

S2 headlines Texas CRE distress<\/p>\n

Distress at Scott Everett\u2019s S2 Capital, which announced the dissolution of its $400 million first fund<\/a> in a July 1 letter, is behind one-third of the value of the CRE loans flagged for foreclosure<\/a> this month in Texas. Loans flagged for foreclosure in July totalled $913 million, according to Roddy\u2019s Foreclosure Listing Service.\u00a0<\/p>\n

S2\u2019s troubled loans make up $311 million of that sum. The troubled loans are tied to five North Texas apartment complexes. Computershare Trust, Benefit Street Partners, Citibank and U.S. Bank Trust provided the financing for the purchases.\u00a0<\/p>\n

DFW headquarters dig in\u00a0<\/p>\n

Two global companies headquartered in North Texas have plans to upgrade their digs. Construction company Caterpillar<\/a> is currently located at the Towers at\u00a0 Williams Square. It\u2019s planning to expand its headquarters to 901 West Walnut Hill Lane, also located in Irving. The company is expected to spend $36 million renovating the property. Caterpillar purchased the property from office furniture company Vari last year.\u00a0<\/p>\n

Beauty product supplier Naterra International<\/a> is shifting its headquarters down the road in Coppell. The new facility, set to be built at 1525 Point West Boulevard, will span 442,000 square feet, and is targeting December 2027 as a completion date. The total cost for the combination office space and warehouse appears to be $34 million.<\/p>\n

Toyota commits to San Antonio<\/p>\n

San Antonio, home to a Toyota manufacturing campus, has been courting the company in its search to expand its manufacturing facilities. The city and county promised $178 million in incentives, and Toyota finally said yes. The car company has plans to double its presence in San Antonio by 2030 with a $3.6 billion investment<\/a>.\u00a0<\/p>\n

The expansion will add a second vehicle assembly line to produce the Tacoma pickup truck. The new facility is set to span 2.5 million square feet, and will likely be set on Toyota\u2019s 2,000 acres that used to be ranch land, according<\/a> to the San Antonio Business Journal. With the expansion, Toyota\u2019s team will grow to around 6,000 employees,<\/p>\n

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Mark Cuban butts heads with Las Vegas Sands over Mavs arena site selection<\/p>\n

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Texas distress report: $900M in CRE loans flagged for auction in July<\/p>\n

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Caterpillar digs into new $34M HQ expansion in Las Colinas<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Who could\u2019ve guessed that selling a basketball team would change who\u2019s in charge? Apparently not Mark Cuban.\u00a0 After…\n","protected":false},"author":2,"featured_media":369494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[50415,130905,26446,102,104,103,110,1932,40544,3080,82],"class_list":["post-369493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-commercial","tag-commercial-real-estate-distress","tag-corporate-headquarters","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-development","tag-lawsuit","tag-lobbying","tag-nba","tag-san-antonio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/369493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=369493"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/369493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/369494"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=369493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=369493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=369493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}