DALLAS-A high-powered quartet, led by Woodbine Development, purchase the acreage, with one mile of river frontage, from the Lower Colorado River Authority after four years of negotiations. The 500-room, Hyatt-managed hotel will be ready to go by midyear 2006.

DALLAS-The campaign is aimed at leveling the playing field for a quartet of mid-size corporations with a five-continent reach. A casual conversation among CEOs of the founding four produce a quid pro quo strategy that launches April 5.

DALLAS-Harvest Partners will start work within two weeks on a seven-story, 744-space parking garage to free up valuable land for the $100-million redevelopment. The firm is fine-tuning the plan, including the fate of a just-bought, 450,000-sf office building.

DALLAS-Two leading chains get ready to duke it out in Texas for bricks and mortar in a fast-paced race for second-generation retail space. First out of the chute is a QuikDrop franchisee with a four-county, 35-store plan, but AuctionDrop's not far behind.

SACHSE, TX-In back-to-back acquisitions along US Highway 78, Reliance Asset Management picks up 16.2 acres for an office/warehouse development, with 175,000 sf in the first phase, and 5.8 acres for 60,000 sf of retail and office.

DALLAS-Three months ahead of schedule, the locally based hotel REIT is returning some profit to shareholders with a first dividend of six cents per fully diluted share. The payout will be made April 15 to shareholders of record as of March 31.

DALLAS-Interactive Business Centres of Toronto, Canada, will open doors April 1 on 23,019 sf at Bank One Center, staking a claim as the only business center operator in the CBD. The newcomer takes over a floor vacated about 15 months ago by Regus.

DALLAS-The Plasencia Group comes out with a national branding, Sun Hospitality, for regional offices with seasoned brokers to sell mid-market and limited-service hotels. Texas gets the first listings and leads the nationwide play.