Dallas/Fort Worth

DALLAS-Meeting in a marathon session yesterday, the Senate Intergovernmental Committee weighs first-time legislation to place a 5% cap on commercial real estate values. A decision could come tonight.

DALLAS-The creditworthy tenant is settling into the class A space after setting off a bidding war that lasted nearly a year among Dallas CBD building owners. The hot pursuit was tied to a 10-year lease, with a top name and reputation for staying put.

DALLAS-Bob Bradshaw joins the team as vice president of business development. The veterans in town know his history: four decades of Dallas-Fort Worth deals, mostly spent developing the Great Southwest and Las Colinas.

DALLAS-The slug-it-out times of this year are going to continue well into 2003 for the Dallas-Fort Worth office market, say two of the region's seasoned executives. The New Year will be one of renewal...lease renewals, that is.

DALLAS-Shareholders get until midnight Friday or an extra five trading days in the $61-million tender offer for common stock of Transcontinental Realty and Income Opportunity Realty. The merger is settlement for a class-action lawsuit.

DALLAS-A well-heeled German family gets a 40,250-sf office building, a 12-year tenant and an option to buy more in a high-growth area. Centex, in turn, gets an immediate exit strategy for future product on its land mass along Texas 121.

DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.

IRVING, TX-EFG Cos. and CMD Realty sign one of the largest office leases this year for the Las Colinas submarket. It's a lateral submarket move, but the 122 W. Carpenter Freeway team out-talked three others for the seven-year corporate pledge.