The Highway Heavy Team, coached by David N. Hudson, won second place. Both the Project Management and Design-Build Teams, coached by Ron L. Workman and Dr. John A. Bryant, respectively, placed third. But big builders in the area felt good about January anyway, as it was highest monthly sales total since last June, said Pamela Minich, vice president of CDS Research, the firm that conducted the survey. Interest rate cuts have boosted consumer confidence and stimulated sales. The San Antonio chapter of the Society of Industrial and Office Realtors' annual report, which covers activity from September 1999 to September 2000, said that the net absorption in the industrial market was a negative 262,400 square feet in the central business district and a negative 141,700 square feet in the suburbs.
Absorption measures the change in occupied space.
Chase Manhattan Bank has leased the entire 15-story Tower II at Chase International Plaza to house its global service division employees. By 2002, it expects to have more than 3,000 employees working there. Chase is also leasing the entire first building in this plaza. The project is north of Spring Valley Parkway off the Dallas North Tollway. An additional 26,000 square feet will accommodate engineering, sales and marketing operations, IT and administrative support staff when completed.