AUSTIN-The University of Texas primps for today's unveiling of the first phase to a $45-million renovation to the Frank Erwin Special Events Center. The $3.5-million project brings more seating. Coming in spring 2002 is the start of a $14.4-million phase two.
AUSTIN-INC Research, based in Raleigh, NC, seals a 7,000-sf deal in a space doubling to accommodate the next year's growth. The new location will be along Bee Cave Road. INC has been using Tanistry's Capital of Texas Highway since a takeover last year.
AUSTIN-Build-out is under way on a 13,349-sf flex spot leased by ISE Labs of Santa Clara, CA. The tenant, which also has an Austin sales office, is setting up a test facility in Building 5 of the Domain in the city's north submarket.
AUSTIN-The Schaumberg, IL-based Insurance Auto Auctions shores up its Texas market, buying a 23-acre salvage yard in Austin's southeast submarket. The CEO says now it's time to look for complementary acquisitions.
SAN ANTONIO-Trumbull Services and the Moxie Group sign renewals for more than 15,000 sf at the Corporate Square Tower in San Antonio's northwest submarket. Trumbell occupies 14,138 sf in the Koll Bren Scheiber-owned high-rise.
SAN ANTONIO-US Best Texas likes a 20,000-sf warehouse and distribution center so much that it just might buy it, says a broker on the deal. The consolidator's new center sits on five acres. Plenty of parking area and Loop 1604 access are strong selling points.
ROUND ROCK, TX-Academy Sports signs up for its first Round Rock location, selecting Mays Crossing. The 30-acre retail undertaking also has sold a pad site to the Austin Area Teachers Federal Credit Union.
AUSTIN-Two developers find a niche in Austin's multifamily market, where there are 12,000 apartments under construction. South and Southeast Austin are lined up for 291 affordable housing units, a sharp contrast to the favored high-end product.
AUSTIN-Two tenants are prepping for moves to Austin's north and east submarkets. The largest space taker, Betco Scaffolds, signs for 8,603 sf at a Rutland Drive industrial building. Betco must move from its Chapman Lane site due to highway construction.
AUSTIN-AV Labs, an e-business accelerator, has pumped another $2 million into three new companies and five with long-standing relationships. AV Labs is designed specifically to help early-stage companies grow and go out on their own.