AUSTIN-Dana Friis-Hansen steps into the lead role for the Austin Museum of Art after serving for some time as interim executive director. With the job comes the task of pushing a 145,000-sf project that has hit roadblocks with the down economy.
AUSTIN-UCC Total Home adds 2,744 sf of warehouse space to its 6,353-sf showroom and call center at Corporate Center in the north-central submarket. The deal also brings upgrades to its existing accommodations.
AUSTIN-Transwestern Commercial Services' new assignment consists of six flex buildings in the north-central and southeast submarkets of Austin. The structures currently boast occupancies ranging from 70% to 90%.
AUSTIN-Stratus Properties takes a $226,000 hit in the 2001 fourth quarter, but comes out ahead for the year. Profit equated to 48 cents per share while net income tallied $3.9 million for the Austin-based real estate firm.
AUSTIN-Next week, a 40-member Austin delegation heads to California to recruit business as was done in the late 1980s and early 1990s. Chamber officials, real estate and construction companies and the University of Texas will be making the pitch.
AUSTIN-One of three properties bought in early 2001 by the Shidler Group is bought by a California investor working a 1031 exchange. The Exchange Building's sale price is hushed, but it carried a $12.5-million asking price.
AUSTIN-Lennar Partners signs a new leasing agent and plans renovations to 8500 Shoal Creek Blvd., once Radian Corp.'s headquarters. The building, empty since last summer, will be used by PM Realty to leverage its Austin presence.
SAN ANTONIO-Grubb & Ellis bests four other firms vying to manage property and real estate services at Brooks Air Force Base. Under the base closure alternative, San Antonio gets the deed to the 1,300-acre base and the US Air Force as a tenant.
AUSTIN-Simon Property Group terminates a lease with Knoxville, TN-based Regal Cinemas, which is under bankruptcy protection, and signs a state-of-the-art casual dining concept to the seven-screen Arbor Theater. The eatery opens in the fall.
AUSTIN-The Jack S. Blanton Museum of Art gets a green light on its design and funding from the University of Texas. Kallmann McKinnell & Wood Architects of Boston designed the structure, which breaks ground later in the year.