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DALLAS-A well-heeled German family gets a 40,250-sf office building, a 12-year tenant and an option to buy more in a high-growth area. Centex, in turn, gets an immediate exit strategy for future product on its land mass along Texas 121.
DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.
IRVING, TX-EFG Cos. and CMD Realty sign one of the largest office leases this year for the Las Colinas submarket. It's a lateral submarket move, but the 122 W. Carpenter Freeway team out-talked three others for the seven-year corporate pledge.
DALLAS-August will pass without LaSalle Hotel Properties and Le Meridien sitting down at the conference table, as ordered by the Dallas courts. Conflicts on both sides delay talks as they jockey for a mutually acceptable date.
DALLAS-Southwest Bindery signs the deal with EastGroup Properties as a result of "aggressive" negotiations that end in a 10-year contract. The inbound tenant exits 40,000 sf for the expansion move and state-of-the-art equipment.
DALLAS-Attorney Joe Geary challenges a 10-minute gap in a legal posting and the start of a meeting that resulted in Palladium's $43-million incentive package for its $600-million Victory project. Geary's clients want new votes by the TIF board and council.
DALLAS-The Morse Co. is accorded the William C. Jennings Award from the Texas Association of Realtors for a lease enabling Flextronics International to expand and consolidate in North Texas. WorkPlaceUSA wins again for its Mount Vernon project.
GRAND PRAIRIE, TX-An affiliate of Americo Real Estate of Dallas has borrowed $6.1 million to buy one of two Post Properties' holdings sold this month in the metroplex. NorthMarq Capital's Dallas office arranges a three-year floating rate mortgage.
DALLAS-Higher returns, parental guarantees on rent and a steadily increasing tenant base make off-campus, shared-living projects a windfall for those who can afford to develop. Rent by the bed, not unit, is the premise.
DALLAS-The sting of losing a 21-year-old lead tenant this summer goes away as KPMG signs a 12-year, $35-million pact for 200,000 sf at Maxus Energy Tower, situated at 717 N. Harwood. The Dallas CBD deal sets the stage for a new era and new name.