Dallas Business Journal articles from April 1998

Dallas Business Journal archives from April 1998

Richardson Council to vote on Toyota relocation. (Toyota of Richardson plans to relocate to Dallas's Central Expressway)
April 24, 1998... RICHARDSON - Steve Grogean, general manager of Toyota of Richardson, wants to relocate his booming business one mile south on Central Expressway, doubling its size. In 20 years, the dealership "has totally outgrown" its current facility, he...

Aeromexico's comeback: airline starting flights to Monterrey, bringing back cargo service.
April 24, 1998... D/FW INTERNATIONAL - Aeromexico, Latin America's second largest carrier, will start flights from Dallas/Fort Worth International Airport to Mexico's industrial mecca of Monterrey sometime after June. At the same time, the airline's cargo...

Transus workers walk to Southwest. (Transus Intermodal LLC's drivers and managers join Southwest Freight Distributors Inc)
April 24, 1998... SOUTH DALLAS - Forty-four drivers and managers of Atlanta-based Transus Intermodal L.L.C.'s office in Irving are leaving to join Dallas-based trucking company Southwest Freight Distributors Inc. About 40 drivers, the terminal manager, the...

Lawsuit by Allied creditors aiming for D&O insurance. (Allied Physicians creditors file case against company's former directors and officers)
April 24, 1998... DOWNTOWN - Creditors in the Allied Physicians bankruptcy case have filed suit against the company's former directors and officers in a move to access funds from their liability insurance. The lawsuit seeks damages, interest and a return of...

Protection One signs 55,000-sf lease. (security monitoring firm)
April 24, 1998... LAS COLINAS - One of the nation's fastest-growing security monitoring firms has signed a lease for space at 161 Corporate Center to serve as its national financial headquarters. Protection One Inc. of Culver City, Calif., said its lease of...

Reversing a trend, new-bank applications decline in D-FW. (applications for new bank charters in Dallas-Forth Worth)(Industry Overview)
April 24, 1998... DOWNTOWN - Just when Metroplex investors appeared to have renewed their interest in new bank charters, local applications have hit a six-month lull. During 1997, three banks opened their doors, according to federal and state records, and...

Remington Hotel develops new full-service prototypes.
April 24, 1998... FAR NORTH DALLAS - A local hotel management company hopes to rekindle developers' interest in full-service hotels with an upscale concept that can be built faster at a lower cost. Remington Hotel Corp. and Embassy Suites have drawn plans for...

Skyking Freight in national expansion push.
April 24, 1998... Company relies on customer service to drive it toward $300 million in annual revenue CARROLLTON - Fast-growing Skyking Freight Systems has begun a major expansion that will see the privately held air cargo company add four new U.S. offices...

Arabian Shield sues the CIA in longstanding fight with Hunt Oil. (Arabian Shield Development Co)
April 24, 1998... NORTH DALLAS - Arabian Shield Development Co., a small Dallas-based oil refiner and developer, has pulled the Central Intelligence Agency into its feud with Hunt Oil Co., one of the biggest names in the Metroplex oil industry. Arabian has...

Utah firm sues Baron over asbestos litigation. (Raymark Industries sues law firm Baron and Budd PC)
April 24, 1998... Raymark suit seeks $100 million from local lawyers, claiming manufactured evidence, other charges OAK LAWN - The Dallas law firm Baron & Budd P.C. has represented thousands of clients suing Raymark Industries over asbestos-related illnesses....

Hines to build 'Galleria North.' (Hines Interests L.P.; office building)
April 17, 1998... Tenet Healthcare Corp. expected to occupy $110 million office complex FAR NORTH DALLAS - Houston-based developer Hines Interests L.P. is within weeks of announcing the single largest new office development ever built along the Dallas North...

Texas' last stand. (Office of the Comptroller of the Currency approves NationsBank Corp.'s plan to fold its Texas charter)
April 17, 1998... NationsBank ruling could drive nails in the coffin of state-controlled banking DOWNTOWN - Hidden within a complex, 26-page federal ruling is an idea that could finally kill locally controlled big-time banking in Dallas and throughout Texas....

Dallas firm to launch new lumber trading system. (Forest Products International Exchange)
April 17, 1998... STEMMONS CORRIDOR - California venture capitalists are betting $6 million on a Dallas company's electronic trading system for lumber and plywood products. Forest Products International Exchange of Dallas (FPIX) has already lined up 40 top...

Mannatech launching $110M IPO for multilevel marketing business. (Mannatech Inc.)
April 17, 1998... COPPELL - Mannatech Inc., a Coppell-based nutritional supplements developer, hopes to raise $110.4 million in an initial public offering. That figure includes 8 million shares that will be offered by the company and shareholders for $10 to...

Texwood plans $12M expansion, 300 new jobs. (Texwood Industries Inc.)
April 17, 1998... Duncanville officials use incentives to entice its largest employer to expand there DUNCANVILLE - Texwood Industries, already Duncanville's largest employer, is planning a $12 million expansion to meet growing demand for the company's...

Restaurant kingpins launch Liberty noodle-shop chain.
April 17, 1998... LOWEST GREENVILLE - Four Texas restaurant magnates have joined forces with a noted Asian chef to create the first string of noodle shops in the Lone Star State. Jeffrey Yarbrough, Richard Galvan, Creed Ford, Jack Levine and Annie Wong opened...

Winn-Dixie pushes into Dallas, Plano. (Winn-Dixie Stores Inc.)
April 17, 1998... FORT WORTH - Winn-Dixie Stores Inc. has turned up the heat in the already white-hot battle for grocery dollars in the greater Dallas market. The Jacksonville, Fla.-based supermarket chain is laying plans to more than triple its number of...

High court committee probes Nolo for illegal law practice. (Nolo Press Inc.)
April 17, 1998... DOWNTOWN - Dallas members of a Texas Supreme Court committee are investigating whether a publisher of legal self-help books and software is practicing law without a license. The Dallas subcommittee of the Texas Supreme Court's Unauthorized...

Goodyear taking tires to Terrell. (Goodyear Tire & Rubber Co. builds warehouse and distribution center in Terrell, TX)
April 10, 1998... $17 million center consolidates Southwest distribution at edge of Metroplex TERRELL - A mammoth $17 million warehouse and distribution center now under construction in Terrell by tire maker The Goodyear Tire & Rubber Co. will hire 150 people...

Tri-City battles bondholders for hospital control. (Tri-City Hospital in Dallas, TX)
April 10, 1998... PLEASANT GROVE - The board of privately held Tri-City Hospital is struggling to retain control of the beleaguered facility. Troubles have mounted during the past 30 days, as the 1.37-bed hospital was hit by lawsuits from its bondholders and...

Granada North. (Granada Entertainment Corp. plans dinner-and-movie theater in Dallas, TX)
April 10, 1998... Historic 'movie grill' expanding to five screens in Addison LOWER GREENVILLE - Granada Entertainment Corp. is preparing to open a second dinner-and-movie theater in North Dallas. Granada North is slated to open in Addison by early fall,...

Out of Pocket: creditors plan new wireless firm. (Pocket Communications Inc.)
April 10, 1998... GREATER DALLAS AREA - Creditors of a bankrupt wireless phone company have forged a deal with federal regulators that could bring a new wireless-phone competitor to the Dallas area as early as next year. Lenders of Washington, D.C.-based...

Dallas-based Leland Medical to build hospital in Wichita Falls. (Leland Medical Centers Inc.)
April 10, 1998... WICHITA FALLS - A group of Dallas companies is aiming to snag its share of the local medical market here. Leland Medical Centers Inc. of Dallas broke ground April 3 for a short-stay hospital featuring surgical suites and inpatient beds. In...

CKE Restaurants aims to fire up Taco Bueno. (CKE Restaurants Inc.; Taco Bueno Restaurants Inc.)
April 10, 1998... New owner plots remodeled stores, bigger portions in effort to capture younger male patrons CARROLLTON - Things are getting hotter at Taco Bueno Restaurants Inc. And it's not just the salsa. The Carrollton-based company is perfecting a hip...

Judge finds for Kinlaw in federal suit. (Kinlaw Securities Corp.)
April 10, 1998... Trial ends SEC's four-year legal pursuit of former Kinlaw employees DOWNTOWN - A federal judge has ruled that eight former Kinlaw Securities Corp. brokers and an employee of Kinlaw Oil Corp, whom the Securities and Exchange Commission...

OpTel set to expand with Interactive purchase. (OpTel Inc.; Interactive Cable Systems Inc.)
April 10, 1998... Deal boosts No. 1 firm's position providing telecom, cable TV service to apartments STEMMONS CORRIDOR - The nation's largest provider of cable TV and telecommunications services to multitenant dwellings has agreed to buy certain assets of...

New Y2K company targets banking, insurance industries. (Year2K Solutions Group L.L.C.)
April 10, 1998... DOWNTOWN - Two young, minority-owned technology companies are creating a long-term strategic alliance to sell cures for the Year 2000 bug to the banking and insurance industries. Consulting Solutions Inc. in Addison and SDSI Inc. in downtown...

i2 Technologies seeks new HQ. (i2 Technologies Inc looking for headquarters in Dallas, Texas)
April 3, 1998... Fast-growing software firm to hire global broker for rapid expansion plan LAS COLINAS - A $200 million high-tech firm considered one of the most dynamic in its industry is looking for a real estate broker with international capability - but...

Industrial park to be unveiled near downtown. (Industrial Developments International Inc to construct in Oak Cliff, Texas)
April 3, 1998... OAK CLIFF - Atlanta-based Industrial Developments International Inc. has contracted to buy 200 acres and develop an industrial park on land that was once in the running for the area's first Class I horse racing track. The city and Oak Cliff...

Bouncing back: Parkway Village plans hotel, office building. (Southwest Properties Group Inc to expand commercial property in Addison, Texas)
April 3, 1998... ADDISON - A Dallas real estate investment group hopes to transform its rebounding retail center into an upscale commercial hub by replacing some of its shops with a hotel and office space. Southwest Properties Group Inc. is drawing plans to...

Partnership to build first of five local senior communities. (Golden Living Communities and Cypress Realty Inc; Dallas, Texas)
April 3, 1998... NORTH DALLAS - Dallas development company Golden Living Communities and Cypress Realty Inc. of Houston will begin construction this summer on the first of five senior housing communities planned for the Metroplex. The first project is a $20...

Global tries to regain Wall Street's confidence. (Global Industrial Technologies Inc)
April 3, 1998... Dallas firm hopes shedding some operations, adding others will boost the bottom line DOWNTOWN - As part of an ongoing effort to focus its operations, Global Industrial Technologies Inc. has sold a unit that makes industrial tools to...

REITs continue record-setting growth. (real estate investment trusts)(Industry Overview)
April 3, 1998... Acquisitions and public offerings keep industry growth on rapid pace DOWNTOWN - The vast majority of commercial real estate in the Metroplex, like the rest of the nation, is owned by private groups, firms or individuals. Don't bet on it...

Peter Piper Pizza planning 32 new stores in Metroplex. (Dallas-Fort Worth, Texas)
April 3, 1998... GREATER DALLAS AREA - Peter Piper Pizza Inc. is tossing up plans to dominate the family "eatertainment" niche in the Metroplex. The Phoenix-based restaurateur is slated to open 32 company-owned and franchise-owned stores in Dallas-Fort Worth...

Capital One Financial adding up to 550 call-center workers. (Capital One Financial Corp expanding its operations in Dallas-Fort Worth, Texas)
April 3, 1998... FORT WORTH - Virginia-based credit card giant Capital One Financial Corp. is expanding its call-center operations in the Metroplex and will add as many as 550 new employees this year. The company's 240,000-square-foot facility already employs...

Hot rod. (Outlaw Driving School)(Company Profile)
April 3, 1998... Driver turns passion into unique business DUNCANVILLE - Imagine a vehicle one-third the weight of a Corvette with three times the horsepower. Imagine it rocketing down a loose dirt track - going from 0 to 100 miles per hour in 300 feet....