FORT WORTH-Greenway Investment says it's a no go on the 45-acre Montgomery Ward complex in a hot redevelopment pocket of Fort Worth. It's the second contract to fall out in two years. But, it's not destined to be a white elephant, GlobeSt.com is told.

DALLAS-Grubb & Ellis says it's time the Dallas-Fort Worth office market comes clean about asking versus effective rents. The firm is collating the data and will release the findings in December. As for Q3, there were some positive signs.

GRAPEVINE, TX-The merchant builder finds a taker for Grapevine's South Main Vineyard Phase I within a few months of it coming to market at an asking price of nearly $3 million. The seller holds onto adjoining land for a second phase.

DALLAS-Tenants, at last, are making decisions. An early-to-market crowd is locking in today's lower-than-usual rates despite ongoing uncertainties in the US and abroad. The pace clearly has picked up, particularly for class A and trophy buildings.

MIDLAND, TX-The "no minimum, no reserve" auction gets bumped back a week but will still be held at the Hilton in Midland. The offering is a four-building, 603,608-sf portfolio owned by Las Vegas casino owner, Ralph Engelstad, who's been looking for a seller for some time.

DALLAS-Grubb & Ellis says it's time the Dallas-Fort Worth office market comes clean about asking versus effective rents. The firm is collating the data and will release the findings in December. As for Q3, there were some positive signs.

DALLAS-Eleven deals close in Dallas-Fort Worth, running the gamut from pad site sales to a 36,000-sf sublease for a vacant Homelife store. For Bank of Texas, the planners are finalizing details for a March 2003 construction start.

DALLAS-The Demaree/Morrison Family Trust of California uses proceeds from a 1031 Exchange in its homeport for its first multifamily purchase in Texas. A rehab and rent increase are in the offing for the East Dallas complex.