News
Tee Party at the Byron
May 24, 2010
| Hanging out in the Irving Economic Development Partnership villas overlooking the 18th green of the 2010 Byron Nelson Championship on Thursday, we got the scoop from Grubb & Ellis SVP Daniel Rudd on some major corporate relocations. | |||
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| Fearing our shutter would disrupt the delicate golfers' quiet, we used the camera phone. Here's Grubb associate VP Billy Vahrenkamp, Hanson's John White, Administaff's Sabrina Turner, Daniel, and Candi Richardson. Daniel tells us that Cambium Voyager is looking to relocate its corporate HQ along George Bush Turnpike and the Tollway. The goal: right-sizing and improving geography for the company's staff. Cirro Energy is also evaluating an HQ move for better geography and visibility. It's looking along the North Dallas Tollway where it can get prominent signage, too. | |||
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| "We're close to finalizing that relocation," Daniel tells us. "Typically about 80% of our office leases are renewals, but over the last 18 to 24 months, we're seen a lot of companies moving. They usually want to improve their building, geography and/or efficiency of space. Many are also right-sizing." For example, Headington Oil's recent move into CityPlace, taking about 30K SF. Daniel is also prepping a relocation of a regional office, which is looking in the North Dallas area. It's hush-hush, which probably makes golf officials happy. (Though come to think of it, a 16-year-old nearly won, and when have they been quiet?) Above Byron Nelson by the first tee. | |||
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| We snapped the resort from Thursday (sadly we weren't sunning poolside, just sweltering in the humidity). Remember back in January when we told you lenders filed to foreclose on the 400-acre Four Seasons Resort and Club at Las Colinas? Well, in March, Jones Lang Hotels placed an ad in the Wall Street Journal announcing its auction sale for April 16. Apparently, that didn't happen. As best as we can tell, debt holder Capri Capital has been seeking repayment on $183M in loans made to the owners of the 431-room hotel. Capri Capital also hopes to sell a 7.7-acre development tract adjacent to the resort. No news on any new developments. |
