NEW YORK CITY-Dallas real estate investor Gene Phillips and a former executive of his company, Basic Capital Management, were acquitted yesterday of all charges stemming from one of the biggest securities fraud cases in US history.

DALLAS-The Associated Builders and Contractors puts McCarthy Building Cos. into a high-level ranking accorded to just 470 of its 21,000 members. At Staubach, an eight-year employee gets an expanded vice presidency.

DALLAS-Joe Gillespie Jr. exits FowlerShore & Flanagan to become acquisitions director for Concierge Asset Management. The Dallas-based buyer will work with a capital pool with practically "no constraints" for speedy buys in down Sunbelt markets.

DALLAS-Houston is the only one of Texas' Big Four to post a gain in tourism revenue while small and mid-size cities' festivals are packing hotels. Summer should bring a rebound statewide, but it won't be a record year for tourism.

LEWISVILLE, TX-A Mardel Christian Bookstore becomes the second anchor at a 97,125-sf retail site sitting empty as a result of the Montgomery Ward bankruptcy. The Lewisville store will open in the spring.

SCOTTSDALE, AZ-Its Scottsdale address and connection to the Pima Crossing power center helps pull top dollar for a fully occupied retail building. A Scottsdale trust takes the deed from merchant builder, Aina Holdings.

DALLAS-The Immigration and Naturalization Service is eyeing an early June move-in to 3010 N. Stemmons Freeway. The 10-year lease fills a spot vacated a year ago by Office Max and puts a "full" sign on the 40,000-sf structure.

DESOTO, TX-Select Medical Corp. is working on build-out plans for a vacant Charter Behavioral Health Care building bought less than a month ago by Dallas' Precedent Equities. The lease is valued at more than $10 million.