Sources confirm the city's biggest sale was Bank of AmericaTower, which garnered $325 million in 1998. Kam Mateen, presidentof the Los Angles-based Cannon Commercial, says the closing for theNoel Road landmark was pushed once, but a loan modification for theassumption quickly put it back on track. "We are very optimisticabout this deal and closing more in Dallas," he tells GlobeSt.com,adding $10 million has been released to the seller. "It's a surething it's going to close."

Mateen and his brother, Shervin, who's the company's CEO,already are negotiating with a prominent hotel company to jointventure on a boutique low-rise for the vacant land. "It's a very,very important hotel flag. We're going to put the most exclusivehotel on the vacant lot at the corner," Mateen vows.

A fourth office tower was planned for the land at one time. "Itwould obstruct the view of Galleria II," Mateen explains. "I justthink the very best use would be a low-rise hotel of no more thanfour stories."