AUSTIN-A three-building industrial project will break ground within a week at Southpark Commerce Center, which has just had the last of its bulk warehouse space leased. Transwestern is developing 424,950 sf for property owner, State Farm.

DALLAS-Solomon Partners is locked in talks with a tenant for 25% of its redo of two abutting historic buildings in the CBD. The $2-million makeover is drawing to a close after a year of work to convert the buildings into retail and office space.

DALLAS-Archon Financial is backing a $28.2-million refinancing loan for a Pennsylvania limited partnership. Tenant Ames Industrial's long-term lease for the more than one million-sf distribution site in Carlisle, PA has secured the deal.

AUSTIN-Houston Southpro Restoration has taken the last of the 160,000 sf of bulk warehouse space at the four-building Southpark Commerce Center. The firm has just signed a five-year deal for 17,341 sf.

DALLAS-The Dallas-Ft. Worth region won't be getting Boeing, but the decision hasn't put a damper on that famous Texas spirit. Just being in the three-city face-off, say state and local officials, has put Texas on Corporate America's radar screen.

IRVING, TX-It's a teaming of the REITs, with Irving-based FelCor putting up $2.7 billion in cash and stock for Washington, DC-based MeriStar Hospitality. FelCor will be the nation's largest hotel REIT and an industry index, says REIT leader Tom Corcoran.

DALLAS-La Quinta has brought two financial executives on board to help with its turn-around for better RevPAR and EBITDA showings. Meanwhile, its parent Meditrust is battling a negative outlook from Standard & Poor's.

SAN ANTONIO-Sygma Network has beefed up its lease to 141,250 sf at Rittiman West Business Park in the city's northeast submarket. In doing so, the food distributor has inked a 10-year lease that's adding 26,250 sf to its regional hub.