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HOUSTON-The 216,000-sf Hoston Telecom Exchange has been sold to Koontz McCombs LLC, Insignia Financial Group Inc. and Blackacre Capital Management LLC. The first tenant, Global One, signs for 21,220 sf.
DALLAS-Dallas-based Institutional Equity Holdings Inc. has secured a green light from the NASD to acquire First Atlanta Securities LLC, which will be absorbed as a wholly owned subsidiary. The acquisition will facilitate a plan for additional acquisitions
GRAND PRAIRIE, TX-A Pittsburgh-area aircraft interior refurbishing firm is leasing an entire building in the Great Southwest Industrial Park, a site selected for its proximity to the DFW Airport, but without the higher cost of an airport address. The company is gearing up for a Friday startup.
AUSTIN-The city's hot real estate market has brokers playing musical chairs with affiliations. The latest move places veteran Mark Milstead at NAI/Commerical Industrial Properties in a move from CB Richard Ellis.
HOUSTON-The Michigan Employees Retirement System is pulling the rug on a proposed sale of the 1.2 million-sf Texaco Heritage Plaza in the city's downtown sector. No takers appear willing to pay the expected price of $200 million or more.
DALLAS-The city's premier retail clothier will relocate its alteration division from downtown to the Garland Business Center. A 10-year lease has been signed for 11,022 sf.
FT. WORTH-You won't find a mechanic at the "giggo garage," but you will find giggo.com's 80-member high-tech staff enjoying new surroundings - a 30,000-sf national operations site in the recently completed 48,000-sf Alliance Gateway 20 building in Ft. Worth. The new office surroundings include an indoor basketball court and Foosball table to mimic Silicon Valley's hyped informal work culture
AUSTIN-One of the city's major law firms, saying it couldn't find sufficient office space downtown, is moving to northwest Austin.Vinson & Elkins LLP has signed for 135,000 sf at the Terrace Development, a 109-acre, mixed-use project calling for 1.1 million sf of office space plus retail, multi-family and hotel components.
AUSTIN-Harley's out, Indian's in ... at an 18,500-sf showroom, that is. The nation's oldest motorcycle manufacturer is leasing a site vacated by its competitor in the city's northern corridor.
DALLAS-Two more Dallas-based companies reap the benefits of a good market. Southwest Securities' shareholders will be getting 9 cents per common stock share while Centex's will receive 4 cents per share.