DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.
DALLAS-Holliday Fenoglio Fowler is king of the hill nationwide for the fourth consecutive year, ending the year with more than $11 billion in business volume. This year's key to trade lies in shifting markets, another interest rate cut and consumer tax cut, says an executive managing director.
SAN ANTONIO-Nearly 18 months of flat office rents will come to an end this year, predicts Grubb & Ellis in its latest report. Office service center absorption now dominates 90% of the city's industrial market. These and more positive signs point to a solid 2001 for the city.
DALLAS-Staubach Cos.' investment affiliate, Wolverine Equities Co., has structured a sale-leaseback for 96 CVS drug stores, putting up $288 million in cash. The long-term lease arrangement encompasses retail sites in 16 states.
SAN ANTONIO-Nearly 18 months of flat office rents will come to an end this year, predicts Grubb & Ellis in its latest report. Office service center absorption now dominates 90% of the city's industrial market. These and more positive signs point to a solid 2001 for the city.
IRVING, TX-Sedgwick Claims Management Services has taken 25,451 sf in an expansion of its Dallas operation. Plans call for an April 1 occupancy. Sedgwick is the second tenant signed for the newly finished building. Just two weeks ago, America Honda Finance had moved into 65,000 sf.
DALLAS-About $31.6 million in financing has been secured for two multifamily developers. One project is along Arlington's bustling Bardin Road corridor and the other is being built in Waco.
DALLAS-Fleming is working hard to shift its focus to big box supercenters. This time, the Dallas-based distributor has sold 11 grocery stores in Arizona in the strategy realignment. It's not the first sale and not likely to be the last.
SAN ANTONIO-Kinetic Concepts is beefing up its warehouse space, adding 34,000 sf in the city's northeast corridor. The high-tech, specialty hospital bed manufacturer now leases upward of 100,000 in the region.
FT. WORTH-A management shuffle for Sundance Square's gatekeeper is just the beginning. More retail, office and residential are part of the plan, which has brought a 19-year veteran from Maryland-based Rouse Co. to Ft. Worth as a president and CEO.
