DALLAS-Harwood International now counts Buckingham Palace as its neighbor, buying a 73,000-sf office project close to the royal residence. Rolex Watch Co., one of Harwood's Dallas tenants, is knighted as lead tenant.
AUSTIN-Prentiss Properties is adding 222,835 sf to Austin's market, but there's no room at the inn since it had been fully leased before yesterday's ground-breaking. The project gives Prentiss 850,000 sf in in a submarket with a 0.4% office vacancy.
AUSTIN-The single-family housing market is so tight that Los Angeles-based Kaufman & Broad Home Corp. now has a 12-community development pipeline going in Austin. A local spokesman says the undertakings could very well net the homebuilder a top award by the housing market.
DALLAS-A manufacturer and distributor of picture frames needs more space, signing a lease renewal and expansion to provide 67,600 sf for its operation. Arquati Moulding is a tenant in the Frankford Distribution Center II
HOUSTON-Reliant Energy scores with Harris County, securing naming rights in a 32-year deal for sports and convention facilities. Among the structures that will bear Reliant Energy's name is Houston's new NFL stadium.
AUSTIN-An employee of Chase Manhattan Bank in Austin shifts affiliation, heading to Trammell Crow Co. to manage its Austin industrial portfolio. The new hire had been overseeing a 100-property portfolio for Chase Manhattan.
SUGAR LAND, TX-Kent Electronics is expanding its operation in the Sugar Land Business Park. The firm is undertaking a 150,000-sf office project so it can relocate it headquarters from southwest Houston to Ft. Bend County.
HOUSTON-Extrusion Technology inks a deal for 142,000 sf of industrial space for a manufacturing site in the 80-acre Continental Emsco facility. The company is a supplier of titanium and other specialty steels.
AUSTIN-Robert Halff International has more than tripled its office space, signing a five-year pact for class-A space in a Central Business District strapped by a 1.8% vacancy rate. Halff's landlord owns both buildings, making it possible to grow.
DALLAS-Sterling Bancshares of Houston and Provident Bank of Cincinnati will open offices in Dallas, saying the owner-operated small- to mid-size commercial market is being under-served by existing lenders. Sterling's Dallas office will open in the fourth quarter.