AUSTIN-Bee Cave's master plan change has a local developer lobbying for a rezoning so he can proceed on a 7.6-acre retail project. Optimism is riding high so Carr Development is working out the details to another phase of his 25-acre holding.
LAS COLINAS, TX-Transwestern Commercial Services has landed a double punch, securing a 185,000-sf management contract and the asset manager to MacArthur Plaza. Mat Hurlbut, who has handled the property since mid-1999, has been assigned to the class-A property in Las Colinas.
AUSTIN-McShane Corp. has snagged its first tenant for the 52-acre, 650,000-sf Tuscany Center at Walnut Creek and more prospects are negotiating with the brokers. Three Way's finish out is in the works as crews push ahead on the remaining 130,000 sf in the project's first phase.
DALLAS-In less than nine months, Morning Park has poked holes in that old saying that Dallas always develops north. The region's top players have picked up more than 270 acres and more deals are in the pipeline for land south of the Trinity River in a frenzied Pinnacle Park development rush.
AUSTIN-Expeditrix has added 3,500 members and 200 affiliates to its growing roster of clients for SmartClose, a 24/7 platform for secure real estate transactions. The latest client to join the Expeditrix team is the San Antonio Board of Realtors.
SAN ANTONIO-Neiman Marcus will be the fourth anchor at the 1.3-million sf La Cantera in a long-awaited announcement that has just been made this morning. The high-end retailer will be developing a 120,000-sf store amid an anchor lineup that includes Nordstrom, Dillard's and Foley's.
DALLAS-It's the law of the jungle: only the strongest survive and that's most likely the way it will end up when the dust settles on the battle among high-tech real estate venues. Some will be investing more money and others will fall, but the demand remains stronger than ever.
DALLAS-Deals of all sizes have been cut this week by the Henry S. Miller Commercial team. One of the largest is a Ft. Worth buy by JYD Properties, which wants the property for investment purposes.
AUSTIN-The state capital's international community has added corporations from India and Germany in a growing trend by overseas firms to select Austin for their US headquarters. The city's lure may help keep its market afloat in the event of a recession.
DALLAS-The Staubach Co. has drafted two well-known tenant reps, Clay Smith and Mark Newman, for its retail division. The move spells the dissolution of Cornerstone Commercial Real Estate, founded in 1988, and a beefing up of Staubach's Dallas-Ft. Worth presence.