DALLAS-One of the nation's largest multifamily developers is hard at work in the metroplex, with two communities under way and two waiting in the development pipeline. The REIT's portfolio exceeds 80,000 apartment homes and it's growing.

AUSTIN-DCM Technologies, headquartered in India, has opened its first Texas office, staffing the development center with 15 engineers from California, Boston and India. The firm's entry into the Texas market is motivated by Austin's strong semiconductor hub.

TEMPLE, TX-Trammell Crow Central Texas Development has lured Albertsons, a leading grocer, to anchor a 100,000-sf retail center in the state's 11th largest sales market. The project will break ground in first quarter 2001 and deliver in the fourth quarter.

PLANO, TX-McGrath-RenTelco, formerly McGrath-RentCorp, has moved from Richardson to Plano into a new 40,000-sf office and warehouse center. The company has been operating in Richardson since 1991.

FT. WORTH-Bell/Agusta needs pilots to fly its innovative tiltrotor so the time's come to break ground on the world's first commercial tiltrotor training center. Ft. Worth Alliance Airport snares the deal for the 82,000-sf center.

FT. WORTH-Hillwood Properties doesn't know what to make of this week--three deals in three days. Yesterday's big news is Dell Computer is leasing a 75,000-sf structure while this morning Bell Helicopter Inc. will take center stage in AllianceTexas.

SAN ANTONIO-USAA Investments says its 19-year-old Aggressive Growth Fund is no longer economical, closing it to new investors. Meanwhile, the San Antonio-based investment group opens three new index funds and a new growth fund for investors.

DALLAS-Harwood International now counts Buckingham Palace as its neighbor, buying a 73,000-sf office project close to the royal residence. Rolex Watch Co., one of Harwood's Dallas tenants, is knighted as lead tenant.