Dallas Business Journal articles from September 1999

Dallas Business Journal archives from September 1999

Lyrick Studios expanding; 'Barney,' 'Wishbone' creators to add space in consolidation effort.
September 3, 1999... ALLEN - Entertainment company Lyrick Studios Inc. will more than double its space here with a multiphase expansion project. The company's goal is to bring employees working in other offices together at one site. All told, the company...

E&Y sued over Source audit.(Ernst and Young L.L.P. faces class-action lawsuit for the alleged audit fraud over Source Media books)
September 10, 1999... Suit scores Ernst & Young for its accounting of local firm's lost business DOWNTOWN DALLAS - Big Five accounting firm Ernst & Young L.L.P. is facing a rare class-action lawsuit over its, 1997 audit of the books of Source Media, a...

Champion moves from office to industrial projects.(real estate developer Champion Partners Ltd.)
September 10, 1999... COPPELL - After three years of putting up office buildings in the Metroplex, Dallas development giant Champion Partners Ltd. is changing its direction. Champion plans to buy 100 acres in Coppell, north of Bethel Road and east of Royal...

Design center open at busy I-35 site.(real estate developer Curtis D. Hodgson completes the construction of Valwood Design Center in Dallas, Texas)
September 10, 1999... Developer built on prime location almost 20 years after he bought the land FARMERS BRANCH -- Curtis D. Hodgson bought some land near Interstate 35 and Valwood Parkway in the early 1980s, impressed by its high visibility. "Interstate...

Joint venture to offer 96-lot Reatta Estates near Decatur.(Reatta Ventures Ltd.; Decatur, Alabama)
September 10, 1999... Developers see need for housing in low $100,000s WISE COUNTY - A Haslet-based builder and an Eagle Mountain Lake doctor have formed a joint venture to develop 120 acres into home sites northwest of Fort Worth Alliance Airport. Scott...

IDI plans warehouse in Grand Prarie.(Industrial Developments International)
September 10, 1999... Land is former site of the Century IV drive-in theatre GRAND PRAIRIE - Bucking the trend of northward warehouse development, Industrial Developments International plans a 350,000-square-foot speculative warehouse in the southern part of the...

Hughes & Luce plans for additional attorneys.(law firm)
September 10, 1999... On heels of recent additions, firm seeks to hire at least 10 more by year's end DOWNTOWN DALLAS - Two things are limiting the Dallas-based law firm of Hughes &Luce L.L.P. from expanding as fast as it would like - finding the right people...

Terra Land pursues residential development.(Terra Land Development Co. to build a 500-lot residential complex in Denton County, Texas)
September 10, 1999... Plans call for 500-lot development to be annexed into city of Fort Worth DENTON COUNTY - Adding to its already planned residences near the Texas Motor Speedway, Terra Land Development Co. has just closed on 287 acres for a 500-lot...

Rivals battle over secrets.(Alcatel USA Inc. sues telecommunication systems rival Monterey Networks Inc. for alleged theft of secrets)(Statistical Data Included)
September 17, 1999... Alcatel sues Monterey, claiming theft of its employees and their knowledge PLANO - Alcatel USA Inc. has asked a Dallas judge to seal a lawsuit it filed against Monterey Networks Inc., which Alcatel accuses of stealing trade secrets by...

Mercantile starts rare spec office building in FW.(Mercantile Partners L.P.'s class A Mercantile Center project in downtown Fort Worth, Texas)(Statistical Data Included)
September 17, 1999... FORT WORTH - Mercantile Partners L.P. is putting up the city's first Class A speculative office building of its size in more than a decade. Realty experts say the $16 million building will command rents comparable to City Center, a...

Aiming high.(Coollink.com)
September 17, 1999... Gen Xers raise cash for 'cool' ISP venture RICHARDSON - With millions of dollars of investment capital in hand, a group of Generation X entrepreneurs is launching a new Internet service provider. Coollink.net has hired 37 of its 57...

Construction giant relocating to Dallas from NY.(Turner Corp.)
September 17, 1999... DOWNTOWN DALLAS - After operating for 97 years out of New York City, construction giant Turner Corp. is moving its corporate headquarters to Dallas. Turner Corp. (NYSE: TUR) has signed a lease for 17,056 square feet on the 49th floor of...

Keeping up hotel appearances.(Promus Hotel Corp.'s $6.4 million renovation of the Doubletree Hotel Lincoln Centre in Dallas, Texas)
September 17, 1999... Doubletree at Lincoln Centre spends $6.4M on guest room updates NORTH DALLAS - Promus Hotel Corp. is wrapping up a $6.4 million refurbishment of the guest rooms at its flagship property, the Doubletree Hotel Lincoln Centre. The...

Ryder taps Grapevine for distribution center.(Ryder Integrated Logistics Inc.)
September 17, 1999... Company to develop and manage parts operation for aircraft manufacturer GRAPEVINE - Ryder Integrated Logistics Inc. has chosen Grapevine to locate a 205,000-square-foot parts distribution center that will create 75 jobs. The nation's...

Ennis hospital officials look for deficit answer.(Baylor Medical Center)
September 17, 1999... City, Baylor officials to unveil plan to get center out of long-term debt ENNIS - Financially troubled Baylor Medical Center at Ennis has turned to city officials for a solution to its $3 million to $4 million deficit. While there is...

New Denison call center to employ up to 500 workers.(TCIM Services Inc.)
September 17, 1999... Teleservices firm selects city north of Dallas for its large labor base DENISON - In another job boost to Denison, Delaware-based teleservices firm TCIM Services Inc. has announced it will open a call center that could employ up to 500....

Legend Airlines' terminal takes flight.(Dallas Love Field to be operational by Dec 1999)
September 17, 1999... Airline says it will be ready for service Feb. 14 LOVE FIELD - Legend Airlines' $21 million terminal at Dallas Love Field should be ready for use by December - one year later than planned. Legend, which had previously announced and...

Well-known duo to open 'neighborhood' grill.(restaurateurs Ed Murph and Tom Hill to open Rascal Bros. Grill in Dallas, Texas)
September 17, 1999... Rascal Bros. will be welcome addition to area near Midway, Rosemeade FAR NORTH DALLAS - Tom Hill and Ed Murph aim to create a neighborhood bar and grill in an area without much "neighborhood." The two longtime restaurateurs have...

Realtors' Web site gives sellers options.(Campbell Monger Realtors' Campbellmonger.com Web site)
September 17, 1999... Owners are offered a fee, choice of commission packages when they list property online EAST DALLAS - Realtor Markus Liesner has put together a road map plotting a distinctly different course along tile Internet Highway lot his company,...

Larry North seeks to end contract with investors.(owner of North Bodies Inc. sues Andrew Tobias, Jim Halperin and Steve Ivy for alleged usury)
September 17, 1999... Fitness expert's lawsuit describes agreement as 'indentured servitude' PARK CITIES - Health and fitness guru Larry North wants to terminate his contract granting 25% of his earnings over a 50-year time period to financial wizard Andrew...

Hillwood eyes Prestonwood.(sale of Prestonwood Town Center to Hillwood Development Corp.)
September 24, 1999... TrizecHahn in talks to unload North Dallas mall for $20 million, sources say FAR NORTH DALLAS - TrizecHahn Corp. has abandoned its plan to redevelop Prestonwood Town Center and is negotiating to sell the land to Ross Perot Jr.'s Hillwood...

Firm 'rolling up' florists.(Gerald Stevens Inc.'s acquisition of five flower shops in Dallas, Texas)
September 24, 1999... Former Blockbuster execs pluck five shops in Dallas so far PRESTON CENTER - A Florida company that's aiming to dominate the U.S. floral industry has quietly added five Dallas-area flower shops to its growing lineup. Fort...

St. Paul's physicians accuse THR of slighting the hospital.(Texas Health Resources; St. Paul Medical Center)
September 24, 1999... Parent company failed to establish programs with other centers, letter says MEDICAL CENTER - Frustrated and disappointed with treatment their hospital has received by parent company Texas Health Resources, doctors at St. Paul Medical...

Crossroads uses EDS portfolio to launch fund.(Crossroads Group; Electronic Data Systems Inc.)
September 24, 1999... $340 million purchase may be largest of its kind DOWNTOWN DALLAS - The Crossroads Group is launching a $518 million private equity fund, combining ready cash with a massive stock portfolio purchased from another Dallas company, Electronic...

Developers to convert Richland Pointe Mall.(Leon Backes and John Fleischli)
September 24, 1999... Site to undergo $6M renovation for call center NORTH RICHLAND HILLS - Two local developers plan to transform the nearly vacant Richland Pointe Mall into office space. John Fleischli of Mayfair Development Corp. and Leon Backes of...

Carrington law firm may vacate Crescent space.(Carrington, Coleman, Sloman and Blumenthal L.L.P.)
September 24, 1999... Firm has leased space there since '96, but is reviewing other options for future expansion UPTOWN - The Dallas-based law firm of Carrington, Coleman, Sloman & Blumenthal L.L.P. may be vacating its high-priced offices in The Crescent in...

Seefried plans spec warehouses at Northfield.(Seefried Properties Inc.; Northfield Distribution Center)
September 24, 1999... G.E. On Wing is latest tenant to lease upscale space at Grapevine distribution center GRAPEVINE - An Atlanta developer will build another 140,000 square feet of speculative warehouse space near Dallas/Fort Worth International Airport,...

Challenge Air files lawsuit against landlord.(Challenge Air Cargo; Trammell Crow Co. and partner AMB Air Cargo L.P.)
September 24, 1999... Air cargo carrier says Trammell Crow, AMB are trying to steal business D/FW AIRPORT - Miami-based Challenge Air Cargo, which is fighting eviction from the International Cargo Centre at Dallas/Fort Worth International Airport, has accused...

CompUSA dropped by Better Business Bureau.(Better Business Bureau of Dallas and Northeast Texas)
September 24, 1999... Computer retailer accused of ignoring complaints NORTH DALLAS - CompUSA has been expelled from the Better Business Bureau serving Dallas and Northeast Texas, in part because the computer retailer has allegedly failed to correct a multi-year...

Norwest, Wells Fargo consolidating locations.(Wells Fargo and Co.)
September 24, 1999... Merged banking system choosing sites based on services, proximity of locations GREATER METROPLEX - Norwest Corp. and Wells Fargo & Co. are beginning to consolidate their Metroplex locations, anticipating the conversion of Norwest banks to...