DALLAS-Insignia Commercial's appointment of a new president will open up a development pipeline for Denver, Austin, California and the Baltimore-Washington, D.C. area. Barry Nelson will refocus ICIG activities strictly on office and industrial projects.
DALLAS-Insignia Commercial's appointment of a new president will open up a development pipeline for Denver, Austin, California and the Baltimore-Washington, D.C. area. Barry Nelson will refocus ICIG activities strictly on office and industrial projects.
DALLAS-A Dallas executive will be part of the ongoing Chapter 11 reorganization for Criimi Mae Inc., based in Rockford, MD. Michael Wurst of Meridian Realty Advisors is one of five appointments nationwide for an expanded board that will guide the operation to solvency.
DALLAS-HCA has unloaded 116 medical office buildings in 16 states, of which 32 are situated in Texas. HCA takes home $250 million and minority interest in the buyer while freeing up hospital CEOs to focus on medical centers.
FT. WORTH-For two years, Duke-Weeks Realty Corp. has been making inroads into the North Texas office-industrial market. Other projects are being overshadowed by a 394,450-sf build-to-suit for a GM parts distribution site in Alliance Gateway.
DALLAS-End-of-the-year appointments are being made at Crescent Real Estate Equities and Transamerica. Crescent gets a new vice president and CIO plus a new leasing manager while Transamerica lands a COO.
GRAPEVINE, TX-The 98% leased Grapevine Mills, one of the state's largest retail centers, snags permanent financing for projects completed in the past year. The properties had been privately financed, says GMAC.
DALLAS-US Restaurant Properties gets a green light from bankruptcy court to reclaim 12 California gas stations from one of its largest tenants now in Chapter 11. Dallas-based 7-11 Inc. is shelling out $10 million to buy seven of the properties.
FT. WORTH-A Washington, DC-based ISP finalizes a pact for high-tech service delivery to 57 class A properties in the Crescent Real Estate Equities portfolio. The deal is just part of a 1.5-year aggressive nationwide play for high-end bricks in major markets.
ARLINGTON, TX-Expansion plans for Tenaska Inc., based in Arlington, get a jumpstart with the signing of an 18,500-sf lease at The Offices of Brookhollow. The firm will be vacating smaller quarters in the city's Bank of America building.