Dallas Business Journal articles from November 1998

Dallas Business Journal archives from November 1998

Rosewood gets Dallas rival.(Foresthills Hotels and Resorts Inc launched by former Rosewood Hotels and Resorts Chairman Atef Mankarios)
November 6, 1998... Former Chairman Atef Mankarios launches new hotel company DOWNTOWN DALLAS - The former chairman of Dallas-based Rosewood Hotels & Resorts L.L.C. has launched a rival hotel company and says he will announce his first hotel management...

Market turmoil delays Ritz-Carlton.(plan to build hotel in Dallas, Texas)
November 6, 1998... TURTLE CREEK - Turtle Creek won't be putting on the Ritz anytime soon. Developers McGarrity & Co. L.L.C. and Triad Properties of Atlanta said they have put their plans on hold to build a $100 million Ritz-Carlton Hotel in the heart of one...

Former Cyrix chief developing alternative to computer screen.(Jerry Rogers' Silicon Display Inc develops computer headseats)
November 6, 1998... Company rushing to build prototype of unique headset device RICHARDSON - If you're tired of lugging around your bulky, low-powered notebook computer, the co-founder and former CEO of Cyrix Corp. may soon have a deal for you. Jerry...

Smaller theaters close as megaplexes move in.(movie theaters in Dallas, Texas)
November 6, 1998... For sale: Multiplex properties in need of extensive renovation ample parking available GREATER DALLAS AREA - Kansas City-based AMC Entertainment Inc. is closing three of its multiplex sites in Dallas-Fort Worth - the latest victims in a...

Small city pulls out stops to attract businesses.(Mineral Wells, Texas)
November 6, 1998... International medical company is one of many drawn by low costs, convenient location MINERAL WELLS - A desire to escape Los Angeles and the lure of office space costing 9 cents per square foot attracted Daniel and Tracey Kirsch to Mineral...

Crow battling six firms for industrial business.(Trammell Crow Co's leasing and management contract for industrial space owned by Principal Financial Group)
November 6, 1998... Principal Financial to select leasing, management firm for Valwood warehouse properties by Nov. 16 CARROLLTON - Dallas-based Trammell Crow Co. is fighting to keep one of the biggest leasing and management assignments in the Metroplex: 2.6...

GlobeNet to leave Stemmons for Las Colinas.(GlobeNet International to relocate from Dallas, Texas, to Las Colinas, Texas)
November 6, 1998... Rapid growth in nutritional-supplements business prompts need for four times as much space STEMMONS CORRIDOR - Citing explosive growth in its sales, GlobeNet International is moving to a much bigger space in Las Colinas. On Nov. 16,...

Park touts 'total family' marketing approach.(Six Flags Over Texas)
November 6, 1998... Six Flags also unveils new attractions, hikes publicity budget in tough fight for recreation dollar ARLINGTON - Officials at Six Flags Over Texas hope that a record capital infusion, two new fides and six new shows will help the park...

Restructuring at GTE Corp. could cause some job losses.
November 6, 1998... IRVING - GTE Corp. is restructuring parts of a 4,000-employee unit, a move that could result in a undetermined number of job losses. Just how many people might be affected isn't clear. That's partly because the restructuring is in its early...

New Again agrees to buy furniture remanufacturer.(Cort Investment Group to acquire Reconditioned Systems Inc)
November 6, 1998... DALLAS - Dallas-based Cort Investment Group Inc. has taken its first step toward consolidating the nation's $1 billion, office furniture remanufacturing industry. One of the country's largest remanufacturers of office furniture, privately...

UniCare sells flexibility with new plan.
November 6, 1998... Options include ability to switch coverage when circumstances change PLANO - UniCare is poised to roll out a new health plan product in the Metroplex, one that allows plan members more flexibility in their choices. The new concept,...

Bosch Telecom, betting on LMDS, moves to Richardson.(local multipoint distribution service; Richardson, Texas)
November 6, 1998... RICHARDSON - Bosch Telecom Inc. has moved an Irving showcase for a budding technology and its Dallas corporate headquarters to Richardson. Bosch, a unit of the German firm Robert Bosch GNBH, moved 150 employees from the Dallas digs into a...

Citicorp closing credit card center.(in Richardson, TX)
November 13, 1998... Collection function moving out of Metroplex; 500 workers offered relocation or severance RICHARDSON - New York-based officials of Citicorp have confirmed that the company will be closing its credit card collection center in Richardson by...

Huge retail center will break ground on Preston.(Fritz Duda Co. to build shopping center at Preston Road, Dallas, TX)
November 13, 1998... FAR NORTH DALLAS - Dallas-based developer Fritz Duda Co. is plotting its first retail projects in the Metroplex, including a huge shopping center scheduled to start construction in December at Preston and Frankford roads. The Arbors on...

More local companies risk delisting from Nasdaq.(Dallas, TX)
November 13, 1998... NORTH DALLAS - Five Metroplex companies are failing to meet Nasdaq's minimum price-per-share standard and may risk removal from the electronic exchange, an exclusive survey of Dallas-Fort Worth stocks reveals. The Nov. 5 survey identified...

Apartment developer seeing 'great opportunity' in D-FW.(Flagship Properties; Dallas-Fort Worth in Texas)
November 13, 1998... FRISCO - A Houston company that's building apartments in Fort Worth and Frisco has two Metroplex projects in the works and is eyeing up to six more in 1999. Besides its new developments, the company also purchased three existing Metroplex...

CapRock quadruples space with lease at Addison Circle.(CapRock Communications Corp.; Addison Circle Office Tower in Addison, TX)
November 13, 1998... ADDISON - Rapidly growing CapRock Communications Corp. will more than quadruple its space when the company moves next year. The telecommunications firm plans to lease 60,000 square feet, or two floors, in the Addison Circle Office Tower,...

Providing health care will become more costly.(Texas survey)
November 13, 1998... Industry consolidations, intense fee negotiations add to higher costs in Metroplex DOWNTOWN - The cost of providing health care continues its upward creep. "The emerging data indicates that trend rates will likely increase or remain...

Regian & Wilson to be acquired by N.Y. shop.(Fort Worth, TX-based Regian & Wilson Advertising & Public Relations; NY-based Grey Advertising Inc.)
November 13, 1998... Purchase by giant Grey Advertising could boost Fort Worth ad firms in competition with Dallas FORT WORTH - Regian & Wilson Advertising & Public Relations, the biggest ad shop in Tarrant County, is being bought by the sixth-largest...

Former Quest Medical changes name, focus.(new name is Advanced Neuromodulation Systems)
November 13, 1998... Now known as Advanced Neuromodulation Systems, Allen company is 'well-positioned' in device market ALLEN - It's out with the old and in with the new at Allen-based Advanced Neuromodulation Systems Inc. Under strong new leadership, the...

Cowboys concession prices among nation's highest.(National Football League Dallas Cowboys)
November 13, 1998... Survey: Fans pay less for snacks, beer at other Metroplex sports franchises IRVING - Among the Metroplex's four major professional sports franchises, the NFL Dallas Cowboys easily rank as the most aggressive when it comes to charging fans...

Law firms spar over Lomas bankruptcy papers.(Locke Purnell Rain Harrell; Bickel and Brewer)
November 13, 1998... Bickel & Brewer says Locke Purnell has documents necessary to complete legal proceedings DOWNTOWN DALLAS - TWO Dallas law firms are battling over the ownership of documents connected with the bankruptcy of the Lomas Financial Corp./Lomas...

DART to license D/FW shuttles.(Dallas Area Rapid Transit; Dallas/Fort Worth International Airport)
November 20, 1998... Transit agency to steer clear of trouble by offering no competition, no subsidies D/FW INTERNATIONAL - Dallas Area Rapid Transit officials plan to revive scheduled, low-cost, sharedride shuttles to Dallas/Fort Worth International Airport...

Firm expands into developing its own projects.(The Vincent Association)
November 20, 1998... NORTHWEST DALLAS - A local architectural firm aims to expand its services by launching a new development arm. Analysts say The Vincent Association's plan to buy and develop real estate could become the new blueprint for an industry that is...

Broker's study predicts 10% drop in office rents.(Swearingen Realty Group LLC)
November 20, 1998... Office rents in the Dallas-Fort Worth Metroplex are headed down, says a real estate executive who conducts an annual survey of local landlords and tenants. Dan Paterson, executive vice president and principal at Swearingen Realty Group...

Trademark plots exclusive retail center in West Plano.(West Plano, Texas)
November 20, 1998... PLANO - Fort Worth-based Trademark is galloping into Plano with plans for a 220,000-square-foot retail village on the old playing field of the Willow Bend Polo & Hunt Club. The $35 million development - called The Polo Grounds at Willow...

RHD Memorial gets $2.3 million expansion.(RHD Memorial Medical Center)
November 20, 1998... FARMERS BRANCH - RHD Memorial Medical Center, which has been open since the 1960s, hasn't significantly expanded its emergency department in 10 years. But now, with upwards of 1,700 patients visiting the emergency room each month, hospital...

Tomlin planning two big residential developments.(Tomlin Properties)
November 20, 1998... LITTLE ELM - Tomlin Properties expects to break ground on two huge masterplanned communities in Denton and Collin counties next spring. Elmwood Estates will be the largest single-family development in Little Elm, while Lone Star Ranch will...

Health system to buy land in Circle T Ranch.(Texas Health Resources)
November 20, 1998... Future development: Texas Health Resources selects area as one of potential growth WESTLAKE - Texas Health Resources plans to purchase a tract in the Circle T Ranch for future health care development. Possible uses for the site include...

Wallace Doolin: beyond T.G.I. Friday's - to the world.(CEO of restaurant chain)
November 20, 1998... NORTH DALLAS - T.G.I. Friday's Inc.'s restaurants had evolved from hangouts for young singles to family destinations when Wallace Doolin became their CEO in early 1994. But that, he says, was the problem. Doolin - or Wally, as he...

Cencor breaks ground on shopping center in Allen.(Cencor Realty Services; Allen, Texas)
November 20, 1998... ALLEN - Hobby Lobby, Tom Thumb and Big Kmart will be the anchor tenants at Twin Creeks Village, the biggest retail project announced in the fast-growing city of Allen besides its proposed outlet mall. Dallas-based Cencor Realty Services is...

Magazine puts readers inside homes for sale: CD-ROM publication offers realtors interactive, high-tech way to conduct home tours.
November 20, 1998... NORTHEAST DALLAS - Realtors can offer virtual reality-style tours in Visions magazine, an interactive CD-ROM publication produced by Dallas-based ROXX Publications. The magazine contains the equivalent of 1,200 pages of arts,...

Dallas-FW ranks third in high-tech jobs.(Dallas-Fort Worth Metropolitan Area)
November 27, 1998... New study counts more than 200,000 tech workers in Metroplex industries WASHINGTON. D.C. - With 201,000 high-tech workers in the Dallas-Fort Worth area, the region now ranks third in the nation in the number of technology jobs. The...

Wild ride: former Pinnacle Brands exec launches bull-rider sports cards.(Tim Wright's White Knuckle Promotions' first line of Professional Bull Riders Trading Cards)
November 27, 1998... NORTHWEST DALLAS - A start-up company headed by a former executive of Pinnacle Brands Inc. has roped the trading card industry into a new arena: Bull-riding cards. Analysts plan to keep careful tabs on the success of Tim Wright's White...

Work starts on luxury business jet facility.(Business Jet Center)
November 27, 1998... LOVE FIELD - Two local entrepreneurs are building a $1 million to $12 million luxury facility at Dallas Love Field for fueling and servicing business aircraft. The new facility is designed to serve the burgeoning number of business jets...

1st Global grows after New Jersey drops ban.(First Global Inc.; ban on paying commission to Certified Public Accountants)
November 27, 1998... Walls are coming down as CPAs market products directly and keep commissions NORTH DALLAS - Financial services company 1st Global Inc. signed deals with 17 of New Jersey's largest accounting firms to use its turn-key package of products...

Cities get tough on multifamily housing.(Dallas-Forth Worth Metropolitan Area, Texas)
November 27, 1998... Problems foreseen in effort to curb units, turn back zoning requests Homeowner concerns about apartment complexes are prompting more and more Metroplex cities to stiffen their zoning requirements for multifamily housing, a trend that could...

Staubach Co. questioned over leasing contract.
November 27, 1998... Competitor asks whether Louisiana deal contradicts firm's longtime policy of representing tenants only NORTH DALLAS - For 21 years, The Staubach Co. has touted its policy of exclusively representing tenants, saying that working for both...

Alliance Logistics to open distribution center in Rockwall.
November 27, 1998... ROCKWALL - An Ohio-based logistics company is establishing a distribution center here to ship about 150,000 packages annually to the south central United States. Alliance Logistics Inc. - a small private firm that ships products for...

Clark/Bardes pays $6 million for Wiedemann & Johnson.(Clark/Bardes Holdings Inc.)
November 27, 1998... DOWNTOWN DALLAS - Benefits administrator Clark/Bardes Holdings Inc. of Dallas has acquired a local firm, Wiedemann & Johnson Co., in a $6 million deal. Clark/Bardes (Nasdaq: CLKB) paid $4 million in cash, plus another $2 million in common...

Realty research company eyes Dallas market.(Realty Information Group Inc.; Dallas, Texas)
November 27, 1998... Realty Information sending 'small army' to Big D, where it could merge with Jamison, M/PF Real estate research giant Realty Information Group Inc. plans to enter the Dallas market next year. The company reportedly is discussing merger...

United HealthCare to test paperless process: goal of automated system is to reduce costs and errors in health plan maintenance.
November 27, 1998... NORTH DALLAS - United HealthCare of North Texas is working to cut paperwork for health plan enrollment and maintenance. The local health plan is one of the first United outfits to pilot a new paperless system provided by ChannelPoint Inc.,...

Small-town feeling with big-time development.(Flower Mound, Texas)
November 27, 1998... Flower Mound bolsters growth through whirlwind of economic development projects FLOWER MOUND - Mayor Lori DeLuca likens Flower Mound's recent economic development activities to a whirlwind. Just last week, the Denton County community...