DALLAS-Gables Residential, based in Atlanta, breaks ground on its fourth Uptown Dallas project just as another of its high-end projects nears delivery. Gables Ellis Street, ticketed for a summer 2002 delivery, will have 157 townhomes and 88 apartments.

DALLAS-Brook Mays Music, Interstate Batteries and Verizon Wireless grab spots in Euless, Rockwall and Frisco. For Interstate Batteries, it's one of several more locations in the planning stages for the Dallas-Ft. Worth metroplex.

DALLAS-Recent industrial activity closes off space in Grand Prairie, Dallas and Oklahoma City, where a Dallas-Ft. Worth tenant heads to set up its first Oklahoma distribution spot. A California firm elects the Great Southwest for its first Texas location.

DALLAS-Conventioneers cancel this month's events, nip 40% of October bookings and some are pulling the plug for November, says PKF Consulting. The Sept. 11 fallout has no one rebooking, a crippling blow to Texas' already depressed hospitality market.

ARLINGTON, TX-A Great Southwest Industrial Park building owner cuts a sale with a temporary leaseback until ProLogis completes a 352,000-sf expansion in Arlington. The deals takes Draw-Tite from a 32,200-sf, 35-year-old building into 40,000 sf of new industrial space.

McKINNEY, TX-The 351-unit El Lago at the "front door" of a Dallas suburb is the latest in a string of high-ticket sales in the DFW metroplex. The three-year-old multifamily property brings close to $27 million in a bidding war by 10 possible buyers.

SACHSE, TX-About 6.9 acres, under contract since spring, are now in the hands of a group of experienced investors who are seeking retailers for pad sites in Sachse, a northeast Dallas suburb. The first closings will come in Q1 2002, the broker confides.

DALLAS-Investors' stock market shock turn to REITs as sure bets in today's economic climate. And, say Texas executives, REITs are sure to gain in strength if they start to be measured on earnings per share instead of FFO, meaning entry onto the S&P 500.