DALLAS-The commercial and residential real estate markets are cooling off, except for apartment demand, so says the latest report by the Federal Reserve Bank. The conclusion may help to offset that "at risk" ranking leveled by the FDIC earlier this fall.
AUSTIN-An ongoing relationship has snagged another multifamily complex for the US OnLine portfolio. USOL Holdings has signed a 15-year contract for Wimberly Park in Duncanville, TX, from Anaheim, CA-based Frankel Family Trust.
AUSTIN-Tensleep's expansion plans take it overseas, acquiring a majority interest in an England-based IT company. The pact is just the first of European deals planned by the Austin-based business accelerator.
SAN ANTONIO-Transwestern Commercial Services has taken control of leasing duties for the 415,000-sf Koll Bren Schreiber Realty Advisor's San Antonio portfolio. It is Transwestern's largest single square-footage assignment in San Antonio.
CARROLLTON, TX-RealPage's president and CEO is returning to the management consulting business after guiding the high-tech company on a path to success. It's not a goodbye, says Jim Melson, who plans to serve in an advisory capacity.
DALLAS-Gulfstream Investors Ltd. is the second Texas equity operation to be bought in a year by WestAM, an asset manager for Germany's fourth largest bank. The US "shopping list" is at the crux of talks with a half dozen more equity operations nationwide.
ROUND ROCK, TX-Biometric Access has renewed a 16,500-sf lease at the TN Technologies Building. The four-year-old fingerprinting software developer is prepping for a second-generation product launch.
SAN ANTONIO-BPM Realty has sold a 4,300-sf building at 310 W. Sunset Rd., about a quarter of a mile west of Broadway. Transwestern Commercial Services acted on behalf of buyer Corbin L. Snow III.
PLANO, TX-A two-year-old IT firm needs more space, more workers and more manufacturing space. Come March 2001, LaserComm plans to have the keys to 52,000 sf of a 70,880-sf project being undertaken by Dallas' Argent Property Co.
DALLAS-La Quinta Inns is carving a new niche for itself, unveiling two new designs for its recently launched franchise program that will open up markets nationwide for the hotelier. Redesign prototypes will be going up in Dallas and San Antonio.