AUSTIN-USOL backslides even further as Nasdaq says it's time for delisting because stock has traded below $1 for 30 days. The solution is to shift to Nasdaq's Small Cap market. Meanwhile, Rob Solomon bids adieu to the chairman's post.
AUSTIN-The Chicago-based apartment developer is back at work, without a joint venture partner on a 220-unit CBD complex with 45,000 sf of retail. But, says AMLI's supervising VP, talks are under way with a possible partner.
BASTROP, TX-Susan Wendel will step in as president and CEO of the Central Texas town's chamber of commerce. Her "get-it-done" attitude is sure to help spur more development for the state's 10th fastest growing community.
WACO, TX-CBL & Associates slides in as the new owner of Richland Mall, paying $43.5 million. The REIT's other Texas malls are located in Beaumont, College Station, Del Rio and Uvalde. Lilac Properties of Waco is the seller of record.
AUSTIN-There's no other word for it but "grim." In three years, flex occupancy has fallen 20%. The first quarter logged a negative absorption of 903,374 sf for flex, more than all of 2001. Overall, vacancy is 14.9%.
AUSTIN-The Austin-based natural foods grocer opens a 40,000-sf store in Toronto's mixed-use Yorkville neighborhood. The opening makes 132 in the Whole Foods network and comes a week after its expansion announcement in Austin.
AUSTIN-In the really good times, 13,500 sf wouldn't be such a big deal. In today's market, Vieo Inc.'s sublease just happens to stand as the largest deal to date this year. The firm takes over space from Commerce One in Research Park Plaza.
AUSTIN-There's no other word for it but "grim." In three years, flex occupancy has fallen 20%. The first quarter logged a negative absorption of 903,374 sf for flex, more than all of 2001. Overall, vacancy is 14.9%.
AUSTIN-Construction crews have descended on 4200 W. Braker Lane, where Regions Bank is building its sixth Austin-area location. The project includes space for other offices and is part of Quarry Lake, a 600,000-sf, mixed-use development.
SAN ANTONIO-Drury Inn cuts the ribbon on a 210-room hotel, marking its 11th hotel in San Antonio. The St. Louis-based hotelier's newest location is at the intersection of Interstate 10 and Wurzbach Road.