San Antonio Business Journal articles from January 1991

San Antonio Business Journal archives from January 1991

Federal regulators probe CitySavings collapse. (CitySavings and Loan Association)
January 25, 1991... Federal regulators probe CitySavings collapse Federal regulators are investigating possible wrongful acts by directors and officers of CitySavings and Loan Association and may file suit against them to recover more than $3 million in losses...

S.A. nurses in great demand. (San Antonio, Texas) (The War at Home)
January 25, 1991... S.A. nurses in great demand Already in the booming business of filling holes in hospital staff, the temporary nursing agencies in San Antonio are experiencing an increased surge in the need for their services during wartime. But the...

War puts home purchases on hold. (The War at Home)
January 25, 1991... War puts home purchases on hold As the war in the Persian Gulf rages, uncertainty reigns in the local residential real estate industry. Home to five military bases, San Antonio has long been a destination -- and indeed a home -- for...

War cuts local TV ad profits. (San Antonio, Texas) (The War at Home)
January 25, 1991... War cuts local TV ad profits While the national television networks reel from what they expect will be a $100 million loss in advertising revenue in the second quarter because of the Persian Gulf War, so far local TV stations aren't...

The sizzle fizzles on St. Mary's St. (San Antonio, Texas)
January 25, 1991... The sizzle fizzles on St. Mary's St. When Mayor Lila boogied for MTV cameras in December, the St. Mary's strip gave viewers the impression that every weekend resembles Mardi Gras on Bourbon Street. On Christmas Day, an Associated Press...

USAA moves casualty subsidiary headquarters to Florida. (United Services Automobile Association; USAA Casualty Insurance Co.)
January 25, 1991... USAA moves casualty subsidiary headquarters to Florida In an action United Services Automobile Association expects will save it $1 million a year, the insurance giant is moving the headquarters of its casualty subsidiary to Florida to avoid...

Broadway Bancshares combines profitable banks to cut overhead.
January 25, 1991... Broadway Bancshares combines profitable banks to cut overhead Two military banks -- Eisenhower National Bank and Broadway Air Force National Bank -- have merged into a single bank with four branches and $99.5 million in assets. Besides...

Fiesta Texas names department heads for Northwest theme park.
January 25, 1991... Fiesta Texas names department heads for Northwest theme park Officials of Fiesta Texas -- the 200-acre theme park under construction in the city's Northwest side -- appointed five department directors this week, most of whom come from the...

Settlement for Aylsworth's claim. (Clark Aylsworth)
January 25, 1991... Settlement for Aylsworth's claim United Services Advisors Inc. of San Antonio settled a dispute last week resulting from its termination of a $100,000 annual consulting agreement with the company's founder and former chairman last...

Whataburger sale sparks new suit. (Whataburger of Alice Inc.)
January 25, 1991... Whataburger sale sparks new suit Local hamburger restaurant chain Whataburger of Alice Inc.'s deal to sell its assets to a New York group for $10.5 million recently collapsed amid allegations of breach of contract and fraud. TRS...

Jaffe to accommodate some very big passengers. (Jaffe Aerospace Corp.) (Somebody's Business)
January 25, 1991... Jaffe to accommodate some very big passengers Officials with Jaffe Aerospace Corp. are always willing to tackle a new type of customer. But this time they're in for a rough ride. Jaffe officials and the San Antonio Riders are working up...

Learning from a southern neighbor. (APS Communications) (Somebody's Business)
January 25, 1991... Learning from a southern neighbor Local APS Communications, which started publishing the Spanish Yellow Pages two years ago, came out with a new travel edition of the guide this month. It's smaller, 5 1/2 inches by 7 inches (about 60...

Channels to Mexico opened through Trade Commission. (Mexican Trade Commission) (International Trade)
January 25, 1991... Channels to Mexico opened through Trade Commission The success of Mexico's local trade office may make or break our opportunities with that country A centuries-old complaint of San Antonio businessmen -- from frontier traders in La...

Riding San Antonio's real estate roller coaster. (round table interview with Al Bond, Rick Carduner, Brenda Johnston, Mark Schwarz, and Darren Casey) (Special Report: Commercial Real Estate) (interview)
January 25, 1991... Riding San Antonio's real estate roller coaster After years of plummeting values, the local estate economy is showing some signs of recovery. There have been scattered reports of higher rent rates and increasing commercial values. But the...

Housing Trust strives to fill empty downtown with residential projects. (San Antonio Housing Trust) (Special Report: Commercial Real Estate)
January 25, 1991... Housing Trust strives to fill empty downtown with residential projects At first glance, the colorful banner on the Exchange Building, a historic downtown landmark at St. Mary's and Pecan streets, resembles an advertisement for museums or...

Local real estate numbers imply that market is improving. (Special Report: Commercial Real Estate)
January 25, 1991... Local real estate numbers imply that market is improving Economic conditions are changing daily this year, but for San Antonio it appears that the best is yet to come. There are still plenty of foreclosures each month, but not as many...

Glossy gets good newsstand sales. (Texas Life)
January 25, 1991... Glossy gets good newsstand sales The Austin-based regional magazine Texas Life is its distributor's number-two newsstand draw after two issues. Launched in the fall, Texas Life, a bimonthly lifestyle magazine focusing on the Hill...

North Plaza Office Park J.V. (For the Record: Federal Contracts Awarded)
January 25, 1991... North Plaza Office Park J.V. lease award $582,367.50 General Services Administration Realty Branch 2 1/3/91

Shoppers City Inc. (For the Record: Federal Contracts Awarded)
January 25, 1991... Shoppers City Inc. lease award $624.700 General Services Administration Realty Branch 2 1/3/91

Tektronix Inc. (For the Record: Federal Contracts Awarded)
January 25, 1991... Tektronix Inc. digitizer system $49,692.80 Brooks AFB 1/10/91

Hewlett-Packard Co. (For the Record: Federal Contracts Awarded)
January 25, 1991... Hewlett-Packard Co. 2 spectrum analyzers $29,554 Kelly AFB 1/10/91 Hewlett-Packard Co. 4 spectrum analyzers $59,108 Kelly AFB 1/10/91 Hewlett-Packard Co. 4 spectrum analyzers $59,108 Kelly AFB 1/14/91

Higa to build Japanese subdivision. (Kiyonori Higa, housing development for Japanese nationals, San Antonio, Texas)
January 18, 1991... Higa to build Japanese subdivision In one of the largest residential projects to be initiated here in several years, Kiyonori Higa -- the Japanese businessman who purchased the Club at Sonterra golf course last year -- plans to develop a...

Jaffe set to fly with Bell 222 program. (Jaffe Helicopter Trading Co., Bell Helicopter Textron's Bell 222 Series, helicopter) (company profile)
January 18, 1991... Jaffe set to fly with Bell 222 program The Jaffe Group of San Antonio recently launched an engine replacement program for Bell 222 Series helicopters that is expected to bring the company more than $130 million in revenues during the next...

FDIC pushes for trustee to govern payouts by NBC. (Federal Deposit Insurance Corp., National Bancshares Corp.)
January 18, 1991... FDIC pushes for trustee to govern payouts by NBC The Federal Deposit Insurance Corp. has asked the bankruptcy court to appint a trustee over National Bancshares Corp. of Texas to supervise the recovery of $1.25 million that NBC board...

The Alert Texan? A better name is the Inert Texan. (The Alert Texan, periodical)
January 18, 1991... The Alert Texan? A better name is The Insert Texan The Alert Texan. When it was in its planning stages late last year, its publisher announced that the San Antonio-based magazine could provide strong competition for Texas Monthly as a...

Florida hotel firm expands base in S.A. (Karena Hotels Inc., Delux Inn, San Antonio, Texas, hotel acquisition)
January 18, 1991... Florida Hotel firm expands base in S.A. Karena Hotels Inc. of Orlando, Fla., which bought downtown's El Tropicano Hotel last year, recently strengthened its foothold in the San Antonio market by purchasing the Delux Inn on Northwest...

Grubb & Ellis closes commercial division, lays off four top brokers. (Henry S. Miller/Grubb and Ellis)
January 18, 1991... Grubb & Ellis closes commercial division, lays off four top brokers The new year has begun with turmoil at the local office of Henry S. Miller/Grubb & Ellis -- trouble that may jeopardize the firm's standing as the city's largest...

Waterfield closes in S.A.; manager opens new Sunbelt mortgage division. (Waterfield Financial Corp., San Antonio, Texas, Steven Dupont, Sunbelt National Mortgage Corp.)
January 18, 1991... Waterfield closes in S.A.> manager opens new Sunbelt mortgage division Waterfield Financial Corp., the nation's largest private mortage company, will close its local office next Friday, but the branch's former manager already has landed...

Auto Parts mulling San Antonio as possible site for new location. (Auto Parts Club Inc.)
January 18, 1991... Auto Parts mulling San Antonio as possible site for new location California-based Auto Parts Club is eying San Antonio as a possible market for its chain of warehouse-type auto parts stores. "We're considering San Antonio," says Robert...

Former Texas Monthly writer to head Light's Monterrey bureau. (Texas Monthly, periodical, Dick J. Reavis, San Antonio Light, newspaper, Monterrey, Mexico)
January 18, 1991... Former Texas Monthly writer to head Light's Monterrey bureau The San Antonio Light has appointed Dick J. Reavis -- formerly a writer for the Texas Monthly, -- to head its new news bureau in Monterrey, the Business Journal has learned. ...

John Harrison. (People on the Move)
January 18, 1991... John Harrison John Harrison was named the president of Datapoint Corp. and was named to the firm's board of directors. Harrison replaces Michael Michigami, who recently resigned. Harrison, a British citizen, has 32 years of experience...

Local banks see $11.5 million loss. (San Antonio, Texas)
January 11, 1991... Local banks see $11.5 million loss Twenty-five San Antonio-based banks lost a total of $11.5 million in the third quarter of 1990, erasing a $2.4 million profit they accrued through the first half of the year and leaving them with a...

Higa's golf purchase is par for the course. (TB Texas Co.'s Kiyonari Higa, The Club at Sonterra, golf course, San Antonio, Texas)
January 11, 1991... Higa's golf purchase is par for the course Kiyonori Higa likes to think big. When the diminutive Japanese businessman first ventured into American enterprise, he chose a firm whose philosophy is quintessentially American -- Think Big,...

Hyatt reviewing builders' bids on $60 million hotel. (Woodbine Development Corp.'s Hyatt San Antonio Resort, San Antonio, Texas)
January 11, 1991... Hyatt reviewing builders' bids on $60 million hotel The $59.5 million Hyatt San Antonio Resort in Westover Hills came a step closer to being reality this week, as co-owner and developer Woodbine Development Corp. of Dallas interviewed...

Trammell to pay $12M for Lincoln Hts. (Trammell Crow Co., Lincoln Heights, shopping center, San Antonio, Texas)
January 11, 1991... Trammell to pay $12M for Lincoln Hts. The Trammell Crow Co. has purchased the foreclosed 28-acre Lincoln Heights shopping center on the city's North Side for a reported $12 million. The purchase of the 210,000-square-foot center, which...

Cavendar picks new Saturn site in Northwest, plans to open in spring. (Cavendar Oldsmobile Co., Northwest Side area, San Antonio, Texas, Saturn, automobile)
January 11, 1991... Cavendar picks new Saturn site in Northwest, plans to open in spring The cavender Organization recently inked a deal to purchase a site on the Northwest Side for its new Saturn car dealership and expects to start construction on the $2...

Southwestern Bell sues TriParty's contractors alleging damaged lines. (Southwestern Bell Telephone Co., Downtown TriParty Transportation Improvements Project, San Antonio, Texas)
January 11, 1991... Southwestern Bell sues TriParty's contractors alleging damaged lines Six contractors involved in the newly completed $41 million Downtown TriParty Transportation Improvements Project are being sued by the telephone company for allegedly...

Bank of San Antonio set to merge with sister bank at medical center. (Bank of San Antonio-Medical Center)
January 11, 1991... Bank of San Antonio set to merge with sister bank at medical center In the wake of consolidating their administrative staffs to cut back operating costs, the Bank of San Antonio and the Bank of San Antonio-Medical Center will merge into a...

Canadian company purchases local tile manufacturer Azrock Industries. (Domco Industries Ltd.)
January 11, 1991... Canadian company purchases local tile manufacturer Azrock Industries In a $23 million transaction, Azrock Industries Inc., a San Antonio-based floor tile manufacturer, is being purchased by a Canadian company headed by its former president....

Pool Co. to buy rigs from Well Solutions. (Pool Company of Texas Inc., oil well serving rigs)
January 11, 1991... Pool Co. to buy rigs from Well Solutions In its quest to become a bigger player in the South Texas Austin Chalk horizontal drilling trend, Pool Co. of Texas Inc. agreed this week to buy 53 well servicing rigs and other equipment from San...

Jet set Gerry. (attorney Gerald Goldstein) (Special Report: Legal and Accounting Services)
January 11, 1991... Jet Set Gerry Even though Gerald Goldstein's clients are as unpopular as they come -- ranging from Vietnam War conscientious objectors to Iranian student activists to "gonzo" journalist Dr. Hunter S. Thompson -- the noted criminal defense...

Legal and accounting firms still wary of advertising, marketing. (San Antonio, Texas) (Special Report: Legal and Accounting Services)
January 11, 1991... Legal and accounting firms still wary of advertising, marketing More than a decade after a U.S. Supreme Court decision paved the way for lawyers and accountants to advertise, local professionals have been slow in stepping up to the...

Intelogic Trace Inc. (Business notes)
January 11, 1991... Intelogic Trace Inc. Intelogic Trace Inc. signed a three-year agreement with Samsung Information Systems America to provide warranty and post-warranty repair services on all Samsung products, including computer and network products,...

Synergy Insurance and Financial Services. (Business notes)
January 11, 1991... Synergy Insurance and Financial Services Synergy Insurance and Financial Services is the new name of the insurance firm formally known as G.W. Oliver Jr. and Associates. Synergy offers both business and personal insurance services.

Alan Weinkrantz and Co. (Business notes)
January 11, 1991... Alan Weinkrantz and Co. Alan Weinkrantz and Co. was retained by Futurus to handle the company's public relations activities. The New Orleans-based company is a software developer and marketer of workgroup productivity solutions.

Brit-Tex Nursing Service Inc. (Federal Contracts Awarded)
January 4, 1991... Brit-Tex Nursing Service Inc. primary nursing services in multiple wards $306,549 Audie L. Murphy Memorial Veterans Hospital 12/18/90 A list of contracts awarded by federal agencies to San Antonio companies as listed in the Commerce...

Superregional banks will dominate in 1991. (Forecast 1991)
January 4, 1991... Superregional banks will dominate in 1991 Consolidation will continue to be the name of the game for San Antonio's banking industry through 1991. Local banking officials say the superregional banks that have moved in to dominate the...

In boom times, hospitals need labor pool. (Forecast 1991)
January 4, 1991... In boom times, hospitals need labor pool Too many job openings, too few qualified applicants. That, in a nutshell, is the challenge facing the San Antonio medical community in 1991 -- even as it is experiencing boom times. As...

Despite cutbacks military presence will remain strong. (Forecast 1991)
January 4, 1991... Despite cutbacks military presence will remain strong Severe cutbacks mandated by the Bush administration in 1990 and a growing movement to end the city's historic reliance on the military both combined to create anxiety among local...

Tourism industry to hit rocky road during new year. (San Antonio, Texas) (Forecast 1991)
January 4, 1991... Tourism industry to hit rocky road during new year The local tourism boom prophesied for the 1990s by industry leaders early last year has lost much of its vigor in early 1991. Second only to the military as an economic generator,...

Insurance firm moves international office from Austin to San Antonio. (Alexander and Alexander of Texas Inc.) (News Briefs)
January 4, 1991... Insurance firm moves international office from Austin to San Antonio Alexander & Alexander of Texas, Inc., a national insurance brokerage, will expand its local presence in January when it transfers its international operations from Austin....

Task force cracks down on laws regulating private school owners. (Texas Joint Interim Committee on Proprietary Schools) (News Briefs)
January 4, 1991... Task force cracks down on laws regulating private school owners A statewide task force created by the Texas legislature has recommended criminal penalties for proprietary school owners who are found guilty of withholding tuition refunds....

Jaffe Jr.'s aircraft firm settles legal score with Tracor for $6.8 million. (Morris Jaffe Jr.'s Comtran International Inc. settles case with Tracor Aviation Inc.)
January 4, 1991... Jaffe Jr.'s aircraft firm settles legal score with Tracor for $6.8 million A San Antonio aircraft modification company controlled by Morris "Doug" Jaffe Jr. has agreed to pay Tracor Aviation Inc. $6.8 million in the settlement of a 1989...

Study targets San Antonio, Austin as active real estate markets for '91. (Duddlesten Cos. report)
January 4, 1991... Study targets San Antonio, Austin as active real estate markets for '91 San Antonio and Austin will be among the most active real estate markets in 1991, according to a newly released study. The study released Wednesday by the...

The Continuum Co. Inc.: Austin firm snags new contracts. (South Texas Regional News)
January 4, 1991... THE CONTINUUM CO. INC. Austin firm snags new contracts Two foreign insurance companies acquired licenses this week to use a software system developed by the The Continuum Co. Inc., an international consulting and computer services...

Sematech: IPEC awarded Austin contract. (Sematech awards contract to Integrated Process Equipment Corp.) (South Texas Regional News)
January 4, 1991... SEMATECH IPEC awarded Austin contract Sematech, an Austin-based consortium, announced its awarding of an equipment improvement contract to Integrated Process Equipment Corp. of San Jose, Calif. The dollar amount of the contract was...

AmCare Ambulance Services Inc. (Business notes)
January 4, 1991... AmCare Ambulance Services Inc. relocated its business offices to 10116 Huebner Road, doubling its office space to 5,000 square feet.