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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.
DALLAS-The leasing pace has picked up momentum this quarter, with another six deals, totaling 44,229 sf, closing for Dallas-Ft. Worth brokers. One pact means a headquarters relocation from Ft. Worth to Dallas.
DALLAS-A $350-million credit facility is the push that's been needed for Meditrust Cos. to declare success for a turnaround plan. The freshly closed deal and moniker change to La Quinta Properties complete the health-care exit plan and lodging industry refocus.
DENTON, TX-Years of waiting draw to a close as a Virginia-based developer kicks off an 80,000-sf build-to-suit project for a FEMA Processing Center. The 11 1/2-acre development upon completion in April 2002 brings a consolidation of two Denton sites.
DALLAS-The infrastructure is in place and the development door is wide open for a 110-acre tract in Las Colinas. Property owner Olympus Real Estate has hired CB Richard Ellis to market the land. The first deals should close by year-end.