SAN ANTONIO-The Texas Transportation commission clears the first of several incentives for the $133-million deal that won the $800-million Toyota plant for Bexar County. The road improvements were critical negotiating factors.
AUSTIN-Scribcor Texas from Amarillo corners a three-year contract to manage the state's portfolio of leased sites, which carry a monthly rental tab of $10 million. Scribcor hopes to shave that cost by 15%. The firm's commission-based pay has a ceiling of 4%.
SAN ANTONIO-Cornell Cos. of Houston has put in an offer for 8550 Huebner Rd. in San Antonio's northwest submarket. The plan is to open a 121-bed juvenile treatment center facility. Bexar County tax records show Crescent is the owner.
SAN ANTONIO-Venterra Realty Management bests 28 others vying for the trio of multifamily properties in San Antonio. The Hendry portfolio's attraction: all were well built, in good locations and well-maintained.
AUSTIN-NAI Commercial Industrial Properties corners the assignment for Davenport Village, an upscale shopping center with a 19% vacancy in the northwest submarket. Built in the late 1990s, the center is owned by Austin's Mayfield Cos.
AUSTIN-First American Title Insurance will relocate from within the northwest submarket in a five-year signing for a 5,372-sf office in the 93,312-sf Park at 8300 MoPac Expressway. Move-in is set for April.
SAN ANTONIO-Kathleen Leigh Johnson, with PS Business Parks before it exited the city, is hired as a property manager for the firm's four million sf in San Antonio. Cencor affiliate, Weitzman, adds a tenant rep to its San Antonio ranks.
AUSTIN-Winternals now occupies 16,000 sf in Centre II, a 54,776-sf office building at 3101 Bee Cave Rd. in the southwest submarket. The sublease represents the firm's fourth expansion in the building.
AUSTIN-The delivery of two million sf won't flood the market since most of the retail space already is reserved, say the pros. Besides, developers curbed their appetites last year, delivering just 600,000 sf. As a result, occupancy is 94.5%.
AUSTIN-Energy Worx signs for five years in Bank One Tower, a 95.7%-leased, 21-story building at 221 W. Sixth St. The inbound tenant is a subsidiary of Southern Union Co., a Pennsylvania-based energy provider.