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DALLAS-Tomlinson Leis has acquired a 96,750-sf, three-building complex owned by RREEF Funds, which has owned the site for 18 months. RREEF purchased the Century Circle property in a portfolio buy from AEW Investment Management of Boston.
DALLAS-Transcontinental Realty Investors Inc. sees its REIT status loss as a vehicle to pursue acquisitions, management and development opportunities. Stock purchases in June, July and August usurped the standing, which can't be reinstated for five years.
DALLAS-Wyndham International executives are breathing easy, with third-quarter returns reflecting the right strategy is in place for continued growth. The strategy entails property dispositions worldwide to support a focus on becoming a branded hotel operating company.
AUSTIN-It's been a good year for a high-tech provider to the multifamily industry. Austin-based USOL Holdings signs the 308-unit Oakwood Austin to a 10-year contract, the second such pact that has been sealed this week.
AUSTIN-Texas environmentalists and voters have nipped a plan to pump $1.5 million per year into Austin's coffer, $900,000 into the Austin Convention Center and $2.8 million into Austin Energy. The pool of money would have come from a 400-acre hotel-golf course project.
AUSTIN-Two brokerage firms have found office space for nine clients, sealing a combined 68,456 sf in leases in the state capital. Colliers Oxford brokers have finalized five of the city's latest deals.
DALLAS-The multifamily sector is still waiting for the IT providers to make good on promises for big savings and heightened efficiency. Meanwhile, IT firms blame the industry's complexity for the Jetson apartment not being ready to lease.
DENVER-A David and Goliath battle over growth control in Colorado has been settled for now, with the opposition camp claiming victory. Developers, homebuilders and realtors have outspent and outvoted the environmentalists.
AUSTIN-Two high-tech operations have secured an aggregate $43.5 million in funding from Texas venture capital firms. The Richardson and Austin businesses will use the coffers for branding, development and marketing their wares.
AUSTIN-A selective membership has been bestowed on two NAI/Commercial land specialists. Kurt VanderMeulen and Joyce Jane Weedman have been appointed to the NAI Land Council, offering worldwide resources for clients.