BEE CAVE, TX-The St. Louis retail giant withdraws from the contest to anchor the Hill Country Galleria, a proposed 114-acre mall in Bee Cave. The project is one of the nation's most watched as the developer courts anchors with $25 million in sales tax abatements.
AUSTIN-The 4,200-sf branch will rise on about 1.8 acres at 205 W. Ben White Blvd. in the south submarket. When the work's done, the Randolph-Brooks Federal Credit Union will have an 18-branch network.
SAN ANTONIO-Retail vacancy dipped slightly in the third quarter while rent rose overall by 15 cents per sf, says REOC Partners in a recent market report. The numbers suggest the San Antonio market overall is stable.
SAN ANTONIO-Cunningham Capital of California collects the check for the Merry Oak Apartments from a Colorado investor. The deal closed with a $3.72-million loan bearing a 10-year term and interest rate under 6%.
SAN ANTONIO-The petroleum corporation looks to overcome $231 million in debt. A Canadian royalty trust is taking gas reserves and processing plants in Canada under the agreement. More assets could come to market.
ROLLINGWOOD, TX-Next week, Cencor Development breaks ground on a 110,000-sf retail project. Down the street, construction has just started on a 12,046-sf bank. New roads, new buildings are all part of the growing pains for the town of 1,400.
AUSTIN-The General Services Administration once again is reviewing three sites for a 195,000-sf courthouse. Earlier this month, a public outcry forced the GSA to cross off two locations. The final decision comes in March.
AUSTIN-NetStreams signs for 9,400 sf for the balance of Infogrames' lease. The tenant gets the keys in February 2003 after finish-out is done at the Parmer & MoPac Office Center. Colliers and Staubach broker the deal.
AUSTIN-Baxter Planning Systems settles into 6,308 sf at 7801 N. Capital of Texas Highway. The relocation from within the northwest submarket delivers 31% more office space to the new tenant.
AUSTIN-After a rocky end to the '90s boom, the city takes a look at how it can foster growth by building on its assets. One focus will be on streamlining development for small businesses.