Dallas/Fort Worth

GRAND PRAIRIE, TX-First Industrial is the buyer and National Life Insurance Co. is the seller of the 51%-leased building at 1905 110th St. in the Great Southwest Industrial District. The closing marks the buyer's third this year in the submarket.

DALLAS-Ross Perot Jr. wastes no time in backfilling a hole from a developer who took a bye a few months ago. Starwood and Gatehouse Capital will help debut a plan with a 251-room W Hotel, 94 condos, 25,000 sf of retail and some office space.

DALLAS-Mike Hardage is closing the books on a near five-year career at Trammell Crow Co. in an exit that coincides but isn't tied to a series of personnel changes at the firm. It's time for a change, says the director of investment services.

DALLAS-Park Central 7 gets the new name on the office directory in a five-year lease for 10,000 sf. Twin Towers corners a two-year extension for 8,355 sf and a 62-month sister deal for 2,738 sf in a package valued at $409,000.

DALLAS-Meeting in a marathon session yesterday, the Senate Intergovernmental Committee weighs first-time legislation to place a 5% cap on commercial real estate values. A decision could come tonight.

DALLAS-The creditworthy tenant is settling into the class A space after setting off a bidding war that lasted nearly a year among Dallas CBD building owners. The hot pursuit was tied to a 10-year lease, with a top name and reputation for staying put.

DALLAS-Bob Bradshaw joins the team as vice president of business development. The veterans in town know his history: four decades of Dallas-Fort Worth deals, mostly spent developing the Great Southwest and Las Colinas.

DALLAS-The slug-it-out times of this year are going to continue well into 2003 for the Dallas-Fort Worth office market, say two of the region's seasoned executives. The New Year will be one of renewal...lease renewals, that is.