Dallas Business Journal articles from October 1995

Dallas Business Journal archives from October 1995

Upscale office tower, hotel plotted in Addison. (Addison shopping center, Dallas, TX)
October 6, 1995... Southwest Properties also would add luxury apartments A Dallas real estate investment group wants to transform a sleepy Addison shopping center into a magnet of upscale commerce by adding a four-star hotel, luxury apartments and a 10-story...

Source Media clicks on stock sale. (initial public offering of stocks)
October 6, 1995... $30M offering would fund interactive TV Dallas-based Source Media Inc. wants to raise $30 million to introduce interactive television commercially and expand its online telephone business. Source Media was created in June when IT Network...

'We are winning.' (Cyrix Corp.)
October 6, 1995... With the release of a speedy new chip, Jerry Rogers and Cyrix talk trash at Intel On Oct. 6, Jerry Rogers might be tempted to tell his critics to eat their hearts out. That's the day his Richardson-based high-tech company, Cyrix Corp.,...

Dallasite Tanner wants to build Vegas dome. (businessman Paul Tanner plans construction of stadium in Las Vegas, NV)
October 6, 1995... Dallas businessman Paul Tanner is leading a group of 15 investors who are eager to gamble on the tricky world of stadium building - smack in the middle of the gambling capital of America, no less. Tanner and his group, which reportedly includes...

900 doctors to reorganize and seek a capital source. (Southwest Physician Associates)
October 6, 1995... Leaders at the largest physician association in the Metroplex - 900-member Southwest Physician Associates - admit they're hungry for capital and are considering reorganizing in order to stay competitive in the local managed health care market....

Police headquarters may run short of funds. (Dallas, TX)
October 6, 1995... Will more money be needed above the $5 million pricetag? The city of Dallas is set to begin spending the first of $5 million allocated in its 1995 bond package for development of a new Dallas Police Department headquarters. But while city...

Crow may build regional HQ in Irving for Liberty Mutual. (Trammel Crow Management Services; Liberty Mutual Insurance Co.)
October 6, 1995... A Trammell Crow Co. affiliate may build Liberty Mutual Insurance Co.'s new Southwest regional headquarters in Las Colinas. Trammell Crow Dallas/Forth Worth Inc. has asked the Irving City Council to approve its plans for a low-rise office...

Bank United pursues switch from thrift to national bank. (Bank United of Texas F.S.B.)
October 6, 1995... Bank United, one of the state's largest thrifts, may soon be one of the Metroplex' largest banks if regulators stamp its application for a national bank charter. Down the road, the move could save Bank United buckets of cash in deposit...

Columbia and Green Oaks team on mental-health clinics. (Columbia/HCA Healthcare Corp.; Green Oaks at Medical City, Dallas, TX)
October 6, 1995... Columbia/HCA Healthcare Corp. and psychiatric hospital Green Oaks at Medical City Dallas have teamed to open nine Metroplex mental-health outpatient clinics over the next three years. All of the clinics will open on the campuses of existing...

Party purveyor to pepper Metroplex with retail stores. (Party City)
October 6, 1995... A large party supplies retailer will more than double its presence in the Metroplex with plans for eight more stores within a year. Party City, a discount party supplies superstore based in Parsippany, N.J., will open four stores by the year's...

Buyers like cash flow of industrial projects. (sale of warehouses located in the Dallas-Fort Worth area to institutional buyers)
October 6, 1995... Industrial developers continue building in Dallas-Fort Worth because tenants continue renting - and investors continue buying. Recently, four Metroplex warehouses comprising more than a half-million square feet sold within a week of one another...

Equitable checking service tracks budget items, for fee. (Equitable Bank, Dallas, TX)
October 6, 1995... Imaging will cut down on paperwork If you can't keep track of your personal budget, Equitable Bank may soon have a way to track your spending habits for you. In an effort to jump ahead in the banking services battle, Equitable Bank is...

Jet Info finds success in Russia, now looks to U.S. (Jet Info Systems Inc.)(Company Profile)
October 6, 1995... Dallas oilman wants to tap the domestic computer systems integration market John Fleet Jr. made an important international business connection three years ago. The independent oil producer got in touch with and became a partner in a...

Century taps Dallas as HQ for new fax-services division. (Century Interactive Fax)
October 6, 1995... The Metroplex is known as a technology hotbed, but a fax hub? Century Interactive Fax has made Dallas its national headquarters for enhanced fax services. The start-up company is a member of a much bigger family. Public company Century...

Dallas doctor is second filer for HMO group. (oncologist Amanullah Khan; Physician Care HMO)
October 6, 1995... A Dallas cancer doctor is only the second local physician to apply with the state insurance department to start his own health maintenance organization. Oncologist Amanullah Khan, who is associated with St. Paul Medical Center, hopes to...

Meet the guy with the multimillion-dollar milk mustache. (Jay Schulberg, chief executive officer of Bozell Worldwide Inc.)
October 6, 1995... The brains behind the now-famous "milk mustache" advertising campaign will be in town this weekend to address the Direct Marketing Association. Chief creative officer of New York-based Bozell Worldwide, Jay Schulberg, spearheaded the campaign...

Banks may turn to the 'virtual branch.'(Special Report: Financial Quarterly)
October 6, 1995... A Kansas-based subsidiary of a major life insurance company is working to make it possible for customers to transact business with a bank representative without the representative being nearby. Roger Ebert, account executive for Aegis...

The Pac-Man generation fuels growth of bank ATMs. (automated teller machines)(Special Report: Financial Quarterly)
October 6, 1995... SAN ANTONIO - Fourteen years ago, if you had told Stan Paur that the Houston-based organization he now heads would one day be processing 15 million automatic teller machine (ATM) transactions per month, he would have likely found it hard to...

Stock options can provide a tax trap.(Special Report: Financial Quarterly)
October 6, 1995... U.S. stock markets have set record highs which is exciting news for those owning stocks. Figuring prominently in every shareholder's mind is whether to buy more, sell out or continue to hold the stock for the long haul. These decisions can be...

CFO buys out boss using capital connection. (Robert Cooper, chief financial officer of All Components Inc.)
October 6, 1995... About a year ago, the absentee owner of All Components Inc. in Addison decided to sell the computer component distribution company to the highest bidder. Almost immediately the firm's chief financial officer, Robert Cooper, thought about the...

Nothing like a NOS to spark harmonic convergence. (network operating system; Windows NT)(Bill & Doric's Excellent Computing)(Column)
October 6, 1995... An editorial in a recent Windows magazine claims that we are in the midst of the third technological convergence. The writer went on to say the convergence of computer hardware, software and humans is an important event in our technological...

Spectrum auctions could lower the federal deficit. (allocation of television and radio frequencies)(Washington Report)
October 6, 1995... WASHINGTON - As Congress looks for ways to reduce the federal deficit, a debate has surfaced over the use of our nation's airwaves - otherwise known as the "spectrum." The communications revolution has played a pivotal role in how America does...

Huffines inks 1,869-acre deal in Collin. (Huffines and Partners Inc.; Collin County, Texas)
October 27, 1995... Huffines and Partners Inc. is putting together a massive purchase of Collin County land and already has drawn up plans for residential and commercial development of the property - more than 2,000 acres around the intersection of Preston Road and...

These days, even Parkland has to market. (Parkland Memorial Hospital)
October 27, 1995... County hospital's first-ever ad budget sign of the times For roughly a century, Parkland Memorial Hospital didn't worry about telling Dallas County residents what it did or where it was located. It didn't have to. Its beds stayed full caring...

Mason Rich battle heats up. (Mason Rich Co.)
October 27, 1995... Motion filed to seize control from City Councilman Paul Fielding and partner Investors in Dallas City Councilman Paul Fielding's financing firm are trying to wrest control of the business from him and his business associates, firing off...

Bright's back: battered icon expands bank. (State Bank and Trust Chmn. Clay Bright)
October 27, 1995... With son Clay Bright at helm, State Bank quietly heads north One-time Dallas thrift magnate Bum Bright walked away from the rubble of the Texas banking business in the late 1980s. His son, Clay Bright, has entered the business and is making a...

Beverly Hills developer revs super-mall project in Irving. (Hapsmith Co.; Texas)
October 27, 1995... Beverly Hills, Calif.-based developer The Hapsmith Co. has bought land in Irving and is racing to develop a giant discount-mall development there before a competitor can launch a similar project in Grapevine, according to sources familiar with...

TI stays put, sort of, with big office lease. (Texas Instruments Inc.)
October 27, 1995... Texas Instruments Inc. has signed one of the largest local office leases of the year, taking 375,000 square feet in an office complex at the intersection of LBJ Freeway and North Central Expressway. TI already leased the space, which comprises...

Dominion tops funds list. (Dominion Insight Growth Fund)
October 27, 1995... With the help of the year's bull market and a bucket full of technology stocks, the Addison-based Dominion Insight Growth Fund was the area's top mutual fund, yielding more than 50%. Many mutual funds round out their year in October and...

Cross Timbers Oil execs load up on stock, market shrugs. (Cross Timbers Oil Co.)
October 27, 1995... When the brass at Fort Worth-based Cross Timbers Oil started buying up shares of the firm's stock on the open market last month - 162,000 shares between them - they made the kind of bullish statement that often gives a stock an attractive...

D&M converts mountain of paper to 18 discs. (D and M Auto Leasing)(Growth Strategies)
October 27, 1995... Greg Ross can sling the equivalent of 30 packed file cabinets over his shoulder. He's not a weightlifter or a magician. Ross is the systems manager for D&M Auto Leasing in Arlington, and with the company's records on 18 compact discs, they're...