DALLAS-Lazarus Property Co. is hard at work to deliver the CBD's first for-sale condos, with marketing to launch in 90 days. The overhaul to the 171,000-sf building, vacant for nearly a decade, is expected to cost between $20 million and $30 million.

DALLAS-Steve Everbach has departed Cushman and Wakefield of Texas as asset director, heading to Lazarus Property as COO. It's a chance, says Everbach, to be a principal. C&W executives focus on the upside.

DALLAS-The dissolved joint venture between Panattoni Development and Hillwood Development has disposed of nearly 1.9 million sf of top industrial space in Lewisville and Arlington. It's the first of the joint holdings to come to market.

DALLAS-Steve Everbach has departed Cushman and Wakefield of Texas as asset director, heading to Lazarus Property as COO. It's a chance, says Everbach, to be a principal. C&W executives focus on the upside.

DALLAS-Budget Group in Far North Dallas is now the tenant instead of the owner of a 69,300-sf office and call center. The nationwide automotive rental dealer has sealed a $10-million sale-leaseback deal with Los Angeles-based BentleyForbes.

DALLAS-About $500,000 in upgrades are under way at the 243-unit Dallas Royal Oaks, which has just changed hands. The 25-building property in southeast Dallas also gets a new management company in the deal.

DALLAS-Prentiss Properties and Brandywine Realty Trust should close in 30 days on a complicated asset swap that's a "win-win situation" for all, say REIT officials. Unlike Prentiss' failed merger a few months back, there shouldn't be any surprises.

CARROLLTON, TX-The metroplex's 15th largest builder is gearing up crews to redo a recently bought property into its corporate headquarters. Pacific Builders says it's time to buy not lease, giving up a spot it's had for 10 years.