San Antonio Business Journal articles from May 1991

San Antonio Business Journal archives from May 1991

After breakup, Hallmarks seek the hallmark of success. (Susan Hallmark forms new firm, Hallmark Cos., after the Hallmark Bradfield Properties Inc. break-up)
May 31, 1991... After breakup, Hallmarks seek the hallmark of success Even as the legalities of the break-up of local residential real estate brokerage Hallmark Bradfield Properties Inc. continue to be finalized, Susan Hallmark's new company, the Hallmark...

Hotel lands new owner after long two-year battle. (Rodeway Inn; San Antonio Hospitality Inc.)
May 31, 1991... Hotel lands new owner after long two-year battle When San Antonio Hospitality Inc. finally closed its deal with the Resolution Trust Corp. for the Rodeway Inn O'Connor last month, company owner M.T. Chaudhry was certainly entitled to let...

Suit seeks ouster of Patios owner. (Virginia Snell Seward sues Los Patios Development Inc. president Kerry Garner)
May 31, 1991... Suit seeks ouster of Patios owner Virginia Snell Seward, former vice president of the Los Patios retail and restaurant complex on Northeast Loop 410, filed suit this week to oust Los Patios Development Inc. president Kerry Garner from...

Potential sale of office stores hastens Ch. 7. (Office Depot Inc. offers to buy Office Products of America Inc.'s stores)
May 31, 1991... Potential sale of office stores hastens Ch. 7 Two weeks after filing for Chapter 7 liquidation, a five-person skeleton crew at San Antonio-based Office Products of America Inc. is now well on its way to final dissolution, thanks largely to...

SBA loans swell as capital market shrinks. (U.S. Small Business Administration)
May 31, 1991... SBA loans swell as capital market shrinks While banks are tightening their credit belts, more people are turning to the U.S. Small Business Administration for loans to start or expand their businesses. In the SBA's last fiscal year,...

AIR Inc. taps jet-setting market. (Aviation Interior Resources Inc. redoing interiors of private jets)
May 31, 1991... AIR Inc. taps jet-setting market Four San Antonio companies have banded together under one corporate name to enter the multimillion-dollar business of catering to the opulent tastes of heads of state and corporate leaders by redoing the...

Dallas' sleepy suburbs roused by lot sales.
May 31, 1991... Dallas' sleepy suburbs roused by lot sales DALLAS - East Plano is waking up. And, for that matter, so are Garland, Mesquite and Richardson. After several years of hibernation, the market for home lots in the suburbs east of Central...

And they're off ... or are they? (new Texas law slashes taxes on pari-mutuel betting)
May 31, 1991... And they're off . . . or are they? Texas horseracing fans hear the faint pounding of hoofbeats rising ever louder with the expected passage of a new state law slashing taxes levied on pari-mutuel betting. Currently, the state gets 5...

Lea Ann Rock. (Real Estate)
May 31, 1991... Lea Ann Rock Lea Ann Rock was named chief financial officer for Wilson-Schanzer Inc. She previously was controller/vice president of Alamo Federal Savings Association of Texas.

Federal probe spurs lawsuits against drill bit makers. (U.S. Justice Department investigates price-fixing in the drill bit industry)
May 31, 1991... Federal probe spurs lawsuits against drill bit makers HOUSTON - A federal probe into price-fixing in the drill bit industry has spawned a wave of lawsuits filed by small drilling companies against major manufacturers. The U.S. Justice...

Motel 6 continuing to buck industry trend with buyouts. (Motel 6 buys 53 Regal Inns and Affordable Inns from RHC Holding Corp. )
May 31, 1991... Motel 6 continuing to buck industry trend with buyouts DALLAS - If Motel 6 keeps up its current acquisition pace, the Dallas-based company - known for its advertising tagline, "We'll leave the light on for you" - will be illuminating skies...

Third Hispanic TV station goes on air in S.A. (Nicolas Communications Inc.'s Channel 17; San Antonio, Texas)
May 31, 1991... Third Hispanic TV station goes on air in S.A. SAN ANTONIO - An affiliate of a Los Angeles-based television station has become the third Spanish-language station broadcasting in San Antonio. San Antonio's Emilio Nicolas, one of the...

Apples, cowgirls lead to Kerr's expansion. (major economic development push for Kerr County, northwest of San Antonio)
May 10, 1991... Apples, cowgirls lead to Kerr's expansion KERRVILLE -- Apple orchards. Retirement communities. The Cowgirl Hall of Fame. They may sound disparate, but to Kerr County, just to the northwest of San Antonio, they are all a part of a major...

Alamo Savings failure, layoffs cause anguish. (Alamo Federal Savings Association)
May 10, 1991... Alamo Savings failure, layoffs cause anguish When Rosalie Astran went to work last Friday at Alamo Federal Savings Association, she knew some changes were to be made. During the past few months since the Resolution Trust Corp. had put the...

Borrowers upset with feds' policy. ($689 million worth of loans; Federal Deposit Insurance Corp.)
May 10, 1991... Borrowers upset with feds' policy Patrons of failed banks say loan strictures cause hardship When nine National Bancshares Corporation of Texas banks in San Antonio failed last June, borrower Charles Manganello's note was one of the...

Cavazos public relations duo splits to pursue new avenues of business. (Arthur Cavazos leaves Cavazos & Associates to start own PR shop, and Ramiro Cavazos remains head of original firm)
May 10, 1991... Cavazos public relations duo splits to pursue new avenues of business Eight months after Arthur Cavazos and Ramiro Cavazos, two of the Hispanic business community's young Turks, launched public relations firm Cavazos & Associates, the two...

Catholic Life policies at $1 billion. (Catholic Life Insurance Union reaches billion-dollar mark in insurance policies)
May 10, 1991... Catholic Life policies at $1 billion Catholic Life Insurance Union has reached the billion-dollar mark in insurance policies in force, a new record for the 90-year-old fraternal organization. The milestone was achieved last month when...

H.B. Zachry sues for $3M in fees. (San Antonio-based contractor; Vista Chemical Co. of Houston's fraudulent claims attempt)
May 10, 1991... H.B. Zachry sues for $3M in fees San Antonio-based contractor H.B. Zachry Co. last week sued Vista Chemical Co. of Houston in an attempt to collect more than $3 million it claims it is owed. The contested fees stem from a project begun...

Spectacor Management close to cementing dome marketing deal. (Spectacor Management Group, managers of entertainment facilities to promote Alamodome)
May 10, 1991... Spectacor Management close to cementing dome marketing deal Spectacor Management Group, one of the world's largest managers of entertainment facilities, has all but cinched its bid to handle promotions and marketing for the Alamodome and...

Bank One hawks software that lets firms do their banking by computer. (Bank One, Texas introduces Business Banker, software that allows banking transactions from one's own personal computer)
May 10, 1991... Bank One hawks software that lets firms do their banking by computer In an effort to attract small-business customers, Bank One, Texas has introduced a product that allows entrepreneurs to do all their banking without leaving their personal...

Norwood Properties takes over insurance firm's Texas portfolio. (Norwood Properties partnership with Mutual Benefit Life Insurance Co.)
May 10, 1991... Norwood Properties takes over insurance firm's Texas portfolio Norwood Properties, a real estate investment company with an office in San Antonio, has formed a $50 million partnership with a major insurance company to sell its portfolio of...

New life pumped into oil magazine. (Popular Horizontal, magazine for oil industry, rises under new ownership)
May 10, 1991... New life pumped into oil magazine Popular Horizontal, a quarterly magazine aimed at the horizontal drilling segment of the oil industry, is preparing its second edition under new ownership. Based in Del Rio, the publication gains most...

Acorn Hill complex gets new tenants. (Acorn Hill Office Plaza)
May 10, 1991... Acorn Hill complex gets new tenants Acorn Hill Office Plaza, a near-empty office complex, got a shot in the arm last week when it snagged two new tenants. The occupancy level at the plaza shot up by 33 percent with the new tenants, but...

George Terrell dba Dixie Printing Co. (Major deals)
May 10, 1991... George Terrell dba Dixie Printing Co. purchased a 6,400-square-foot building at 1002 Hoefgen and 137 from Glen and Melissa Gibson. Kenneth Curran of First Commercial Properties handled the transaction.

Global Evangelism Inc. (Major deals)
May 10, 1991... Global Evangelism Inc. purchased the 14,000-square-foot building, 600 West Afton Oaks, from the Federal Deposit Insurance Corp. Holliday Interests represented the seller and Al Fest represented the buyer.

Shake-up hits another local attorney firm. (Brock & Mathis loses five lawyers to an Austin-based firm)
May 3, 1991... Shake-up hits another local attorney firm Five lawyers defect from Brock & Mathis partnership Brock & Mathis -- San Antonio's 10th-largest law firm -- has lost five lawyers to an Austin-based firm, including a name partner, the San...

Service firms attack Lewis' tax proposal. (House Speaker Gib Lewis' proposed tax on financial services draws complaints from local investment companies)
May 3, 1991... Service firms attack Lewis' tax proposal Taxing services could hurt all Texas business, they say A group of local investment company professionals are up in arms about a possible sales tax on financial services that they say would...

Playoffs an alley-oop for economy. (reaping profits from San Antonio Spurs' entry into National Basketball Association playoffs)
May 3, 1991... Playoffs an alley-oop for economy Clinching a berth in the National Basketball Association playoffs is big business for the San Antonio Spurs, retailers that profit from the team's success and, indeed, the city. "Our whole goal is to...

DocuCon tests franchise operation to put documents on optical disk. (DocuCon Inc.)
May 3, 1991... DocuCon tests franchise operation to put documents on optical disks A month after locally based DocuCon Inc. gained a new president in a restructuring move, the company plans to begin test-marketing a system of franchising its service --...

Huge apple crop at Kerville farm. (Shelton Ranch Corp.)
May 3, 1991... Huge apple crop at Kerrville farm A $44 million apple orchard, billed as the largest orchard in Texas and soon to be one of the nation's largest, is expected to harvest its first crop this fall in Kerrville. Texas Orchards, owned by...

Advanced Tobacco expertise may help nicotine inhaler reach market. (Advanced Tobacco Products Inc.)
May 3, 1991... Advanced Tobacco expertise may help nicotine inhaler reach market Clinical testing on a nicotine inhaler produced from technology developed by San Antonio's Advanced Tobacco Products Inc. is scheduled be completed this summer, paving the...

Management firm takes new name. (Quincy Lee Marketing & Management Co. changes name to Aequus)
May 3, 1991... Management firm takes new name Quincy Lee Marketing & Management Co., San Antonio's top commercial property management firm, changed its name today to better reflect its business goals. The firm, a subsidiary of the 45-year-old real...

H.B. Zachry wins airport contract.
May 3, 1991... H.B. Zachry wins airport contract H.B. Zachry Co. gained a major contract at the San Antonio International Airport, beating out two other firms with a $7.6 million bid. Airport spokesperson Linda Wasserman said the project will involve...

One tough broker. (real estate broker Joanne Connelly)(Special Report: Commercial Real Estate)
May 3, 1991... One tough broker In the competitive world of real estate brokers, Joanne Connelly knows how to hold her own On a credenza in local commercial real estate broker Joanne Connelly's pastel office high up in the Fountainhead building,...

Industrial space demand leaves warehouses bursting at seams. (San Antonio, Texas)(Special Report: Commercial Real Estate)
May 3, 1991... Industrial space demand leaves warehouses bursting at seams Warehousing and distribution. Those have been the buzzwords when talk in San Antonio turns to economic development, especially when the focus is on the city's geographic and...

RTC's real estate man doesn't fit typical bureaucratic mold. (Resolution Trust Corp. managing agent Al Bond)(Special Report: Commercial Real Estate)
May 3, 1991... RTC's real estate man doesn't fit typical bureaucratic mold When Joe Eanes walked into work at the failed Gill Savings Association early one morning last year, he discovered his boss -- Resolution Trust Corp. managing agent Al Bond --...

NCNB lease ends Senterra's long search to find NBC Plaza anchor. (NCNB Corp.; Senterra Development Corp.)
May 3, 1991... NCNB lease ends Senterra's long search to find NBC Plaza anchor Richard Villareal's job should soon be a lot less lonely. A security guard who mans the front desk at NBC Bank Plaza, Villareal has been engulfed in stony silence for most...

REITs expected to stage comeback on heels of local economy. (real estate investment trusts)
May 3, 1991... REITs expected to stage comeback on heels of brighter local economy Following a period of stagnation during the real estate bust of the mid-to-late 1980s, Real Estate Investment Trusts (REITs) -- companies that manage a portfolio of real...

John Dewey. (High Technology)
May 3, 1991... John Dewey was named president of SofTest Designs Corp. Dewey came to SofTest in 1988 after working as program director for Sperry Systems Management Group in Great Neck, N.Y.

Timothy Redding. (Insurance)
May 3, 1991... Timothy Redding was named senior vice president and chief operating officer of Alamo Title Insurance of Texas. Redding is an attorney and a member of the Texas Real Estate, Probate and Trust section of the Texas Bar Association.

John Boyce III. (Law Firms)
May 3, 1991... John Boyce III opened an office for the general practice of law at 2515 Broadway. He previously worked in a large San Antonio-based firm. He concentrates in the area of commercial transactions and litigation.

Downtown hotel bids farewell to '60s look with new owner. (San Antonio's El Tropicano hotel)
May 3, 1991... Downtown hotel bids farewell to '60s look with new owner Fashion designers throughout the world are declaring the rebirth of the 1960s. Bell-bottoms, peace symbols, even polyester, are again the latest trend. During the Persian Gulf...