DALLAS-WorldTravel BTI is targeting June 1, 2001, for a move to Two Lincoln Centre at 5420 LBJ Freeway in Dallas. The travel management firm has two offices in Dallas, but it's not certain if the 18,433-sf lease translates into an office consolidation.
DALLAS-A Hillwood land bank, growing since the early 1980s, has 4,840 acres now deemed as non-strategic assets. In a deal this week, the region's leading developer has agreed to list the acreage outside of its own Web site. Web-Real-Estate.com is the lucky agent.
DALLAS-The southwestern US hotel market's hotspot this year is Denver, where daily rates are nearly $17 higher and occupancy as much as 10% greater than other markets. The rest of the region stay a steady course while the Mile High City's supply can barely keep pace with demand.
DALLAS-Redback Networks and AmeriServe have sealed year-end deals in Frisco and Dallas, respectively. Redback's 11,506 sf represents an expansion while AmeriServe, in the midst of a bankruptcy, has signed for 15,022 of short-term space.
DALLAS-The Shidler Group has signed the Court Reporting Institute of Dallas to a 64-month lease, carrying a value of slightly more than $2.1 million. The tenant will occupy two suites, totaling 27,969 sf.
DALLAS-Just as forecast in September, the Meditrust Corp. is not paying a common share dividend this quarter. On the bright side, it still meets REIT criteria and preferred dividend holders aren't being affected
FT. WORTH-Crescent Real Estate Equities wants its employees to know the corporation cares. In an ongoing effort to improve administrative-employee relations, Crescent has opened an on-site lounge targeting new or would-be mothers or workers who just need a few minutes quiet time.
DALLAS-The southwestern US industrial market has reached near record highs in several metropolises. There's little room at the inn while under-construction projects are seeing a surge in pre-leased space. Meanwhile, it's wait-and-see about 2001.
DALLAS-Leading real estate executives in the southwest are cautiously optimistic that 2001 will be much like 2000. Construction is down somewhat from 1999 and absorption rates high. The easing up's being viewed as just healthy breathing space for an across-the-board balance.
IRVING, TX-The good news is AIP's shareholders will be getting a Christmas bonus of $1.27 per share. The downside is it's being deducted from per share takes of a pending merger with Ohio-based Developers Diversified Realty Corp.