SAN ANTONIO-Northwestern Mutual Life picks ProLogis as the buyer for the 95%-leased Eisenhauer 35 Business Park. The buyer gets four buildings and 18.2 acres, which it has earmarked for existing tenants' expansions.
AUSTIN-National Instruments and Trilogy Software come to terms over a 136,000 sf in the Millennium Building in Austin's northwest submarket. The two firms have been locked in talks since Trilogy said it was walking away from the office space.
AUSTIN-Lance Morris, senior vice president, is picked for the Austin post. He is tasked with management, training and hiring brokers for the office, but will continue to broker retail and investment deals in Central Texas.
SAN ANTONIO-A California-based limited partnership uses the 135-unit Jackson Square complex in the northwest submarket as collateral for a $3.3-million loan. Column Financial Inc. provides the capital.
AUSTIN-Makos Advertising takes the 5,600-sf balance of the vacant AV Labs' space in the Perry Books building at 720 Brazos St. AV Labs now shares an office with its parent, Austin Ventures, in CarrAmerica's new 300 West Sixth.
BEE CAVE, TX-Village officials are eyeing the action for a part of 161 acres in a 1,200-acre mixed-use proposal by CCNG Development Co. The master plan calls for a town center with a 510,000-sf office building and multifamily.
AUSTIN-Maxwell Drever writes the check for the 512-unit Limestone Ranch Apartments to its Birmingham, AL-based seller. The per unit price comes in about $63,000 or roughly $9,700 less than this year's class A per unit average.
SAN ANTONIO-The specialized facility unlocks the doors as work continues on an abutting 45,000-sf medical offices building. The project is the handiwork of National Surgical Hospitals of Chicago and 20 local physicians.
SAN ANTONIO-Embrey Partners secures a seven-year loan at 5.15% interest with the Palermo Apartments. The collateral is a three-year-old, 90%-occupied development positioned in San Antonio's northwest submarket.
SAN ANTONIO-The San Antonio CBD hotel will go from 138 rooms to 350 rooms at 1001 E. Commerce St. Construction begins in 2003, capping more than a year of behind-the-scenes work while securing necessary city approvals for the green light.