HOUSTON-Prosperity Bancshares Inc. has purchased five branch banking offices from Compass Bank. The five offices are located in Hitchcock, Needville, Palacios and Sweeny, all communities in south Texas.
DALLAS-A flurry of leasing activity has signed retail tenants, primarily in the 10,000 sf or less category, for Cityview Lake Park, Whiterock Marketplace and Watauga Towne Crossing. Sales activity includes transactions in Richardson, Watauga, Carrollton and Dallas.
HOUSTON-Stateside Enterprises of Houston is purchasing two retail centers in suburban Houston: the 247,000-sf Deerbrook Crossing and 63,000-sf Beechnut Village Shopping Center. Deerbrook includes a vacant Silver Cinema theater.
AUSTIN-Lake Mountain LP, based in Austin, has bought four office buildings, totaling about 100,000 sf, from Yancey Hausmann & Associates, a commercial development real estate firm also headquartered here. The properties, totaling about 100,000 sf, comprise an enviable acquisition given the capital's tight office market.
DALLAS-The Mercer, the first for-sale residential high-rise in Uptown Dallas, is sealing options in anticipation of breaking ground by year's end on the nine-story, 400,000-sf project.
AUSTIN-Silicon Valley-based TriMedia Technologies Inc., a spin-off from the business unit of Philips Semiconductors, has set up its first design center outside CA, selecting a 3,000-sf space in Austin. The city's available pool of skilled designers sparked the selection of Austin.
AUSTIN-A 192,000-sf manufacturing plant and related assets of German company Siemens AG are being sold to Flextronics International Inc., based in Singapore. The new owner takes over Oct. 1 and is making plans to relocate cordless phone operations to its facility in Richardson's Telecom Corridor.
HOUSTON-Houston's existing home sales were down slightly in August, but home sales still are outpacing those of last year. As of August, 38,160 existing dwellings have changed hands.
DALLAS-The Staubach Co. is buying a piece of Internet real estate, launching a cyberspace spin-off to develop high-tech proprietary products and seal strategic alliances for point-and-click efficiency.
HOUSTON-Camden Property Trust has sold 11 of its apartment projects for $137.2 million. The apartment projects, located in Houston, Dallas, Las Vegas, St. Louis and El Paso, have a combined total of 3,599 units.