AUSTIN-Tensleep Corp. is looking to streamline resources while continuing to push for new business in the US and overseas markets. That move takes the Austin-based operation from the publicly traded sector to private.
AUSTIN-A new retailer opens its doors in Austin, selecting 10,638 sf at Riverside Place Shopping Center and 13,544 sf at Southridge Plaza. One Dollar Deals is part of a growing network of similarly priced discount merchandisers targeting Texas markets.
AUSTIN-Stratus Properties beefs up its credit facility to $25 million in a deal that also covers a $5-million loan for development costs. The financing carries an initial term of 28 months coming due April 16, 2004.
SAN ANTONIO-This week, David Gold and his property management and leasing team move into its new quarters at REOC Partners. The seven-member Gold team's official start date is Jan. 1, 2002, culminating an amicable parting from Koontz-McCombs.
AUSTIN-The northwest submarket has shouldered the brunt of the blame for this year's mounting sublease space. That no longer is the case, according to Buls-Hodge Consulting. The northwest now accounts for 49.3% of the open space instead of 60%.
GEORGETOWN, TX-The United Heritage Credit Union has secured 1.7 acres in the San Gabriel Village shopping center. The pad site will be used for a new branch location. The bank has seven offices in Texas, including one in Georgetown's downtown.
AUSTIN-The Greater Austin Chamber of Commerce positions itself for the next two years, selecting chairmen from the health-care and banking industries. The 2002 chairman is Charles Barnett and 2003's Rick Burciaga.
AUSTIN-The Triangle, a mixed-use project planned for the CBD, loses its multifamily developer due to economic conditions. The search is on for a replacement for the project that calls for 835 units, 150,000 sf of retail and 65,000 sf of office space.
AUSTIN-Intel Corp. buys more time in making a decision about its unfinished 10-story office building in Austin's CBD. A decision was to be forthcoming by year's end. Now, says a company official, a decision remains in limbo until some time in 2002.
SAN ANTONIO-In the largest of two deals, a San Antonio industrial park gets a new tenant in a 31,605-sf sublease deal. Military supplier Kalmar RT Center has signed for the space previously occupied buy Real Cold Products.