AUSTIN-Benchmark Land Development has the fiscal go-ahead for an office and retail project in the city's southern corridor. The developer has secured $2.9 million for the Legend Oaks Plaza, which will deliver about 27,000 sf to the market.
FRISCO, TX-Two vehicle dealers are joining others in bids to become part of the rapidly growing commercial section of the Texas 121 corridor. One involves a $25 million purchase for 120 acres from American Realty Trust.
DALLAS-Capital Senior Living Corp. finalizes a merger with ILM Senior Living Inc. Capital pays nearly $97.6 million for eight ILM properties, but gets 75% interest in Villa Santa Barbara.
AUSTIN-Another headquarters shift occurs in Austin, this time it's a residential and commercial developer who's picking up stakes. The real estate business is moving into 10,000 sf in a structure it owns at Spicewood Springs Rd.
HOUSTON-A veteran shopping center developer is progressing on a face-lift for the city's oldest mall, picking up extra acreage and luring big box retailers to the site. When completed next year, the project will deliver more than 650,000 sf.
AUSTIN-A printing company CEO moves his operation out of town, citing overcrowded conditions and high taxes as cause for the relocation. The business will set up shop in a 28,000-sf warehouse in Buda.
HOUSTON-Despite a surge in residential sales in the region, American Homestar Corp. has incurred a $16.4 million annual loss in its manufactured housing business. Shareholders are losing 89 cents per share in the business drop.
AUSTIN-A printing company CEO moves his operation out of town, citing overcrowded conditions and high taxes as cause for the relocation. The business will set up shop in a 28,000-sf warehouse in Buda.
HOUSTON-Tenants of a 479-unit apartment building, owned by Atlanta-based Post Properties, are adding a popular eatery to their amenities. Farrago Restaurant has signed for 5,000 sf to open a street-level dining spot.
FT. WORTH-Roger Staubach's Dallas-based real estate business has shut out its competition, scoring a long-term deal to manage a high-volume portfolio of Ft. Worth's Burlington Northern and Santa Fe Railway Co. The real estate management package takes effect at the start of 2001.
