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McKINNEY, TX-ASG Real Estate, with two 15-acre hard corners, is working up a plan for retail and office development in a fast-growing town with a commercial pipeline pushing one million sf. ASG's tentative plan hovers 120,000 sf for just the retail.
DALLAS-Herbert D. Weitzman and Harry B. Lucas Sr. join 54 of their peers inducted in the last 17 years into a local circle of influential members of the brokerage community. The annual country club event, as usual, attracts the Who's Who of the metroplex.
DALLAS-A local developer of retail and mini-warehouses pays $920,000 for land at the southwest corner of Clark and Camp Wisdom roads near the Dallas-Duncanville line. Seller Winston Capital holds onto a one-acre pad site on the hard corner.
FORT WORTH-Construction crews move onto the 47-acre site in Railhead Industrial Park as the ink dries on the final document. The 687,500-sf build-to-suit's keys are set to turn Feb. 15 and darken 525,000 sf in Dallas and Grand Prairie.
WATAUGA, TX-Developer ASG Real Estate abandons a plan for a long-term hold after unsolicited offers start rolling in for the 205,740-sf Watauga Pavilion. A 30-day market run produces 25 offers, with Inland walking away with its fifth Texas deed this year.
ALLEN, TX-A South Texas couple gets breathing room for an 82%-leased complex with a $13.5-million, HUD package that returns the term to 40 years, shaves two full percentage points from the 1999 acquisition loan and covers the 4% prepayment penalty.
ARLINGTON, TX-Eight-year tenant, FNIS Flood Services, renews and expands by 6,875 sf to push the total to 24,703 sf of class A space in Skymark Tower. The deal's moving parts include a reconfiguration of an executive suites center.
FORT WORTH-The locally based REIT puts its buying and selling strategies into the spotlight at yesterday's Nareit investors forum. Just hours before, the SEIU airs an appeal to the SEC to reverse a ruling about Crescent's related party transactions.
FRISCO, TX-Hall Financial Group takes over BridgeSpan Inc., the intellectual property and a 10-member tech staff after swapping a bankruptcy claim for company stock and anteing up bailout loans. As a result, BridgeSpan emerges from Chapter 11.
RICHARDSON, TX-HBS Systems unpacks in 20,343 sf of class B office space with a five-year lease, nipping about 6,600 sf from the office area with a Telecom Corridor relocation to a recently sold building. Rental costs are cut practically in half.