Peggy Levinson over at the D Home blog queried me a few days ago: since there are now more banks than churches or gas stations in Dallas the USA, what would we do if they had to shutter? You may recall I told you a year ago that Wachovia’s $451,000 monthly land lease at Preston and Mockingbird is one of the highest in the nation… wonder how much traffic they are losing with all that construction? (Now Wells Fargo pays the rent.) Anyhow, Preston Center is only getting busier what with the Staubach building and more development, including rumors that George Bush will office in that building (which have been denied) or in Trammell Crow’s redevelopment of the old Parkland Hospital. But read an article today saying that smaller and mid-size banks may actually weather this economic crisis and — you’ll never guess it — profit.
High-powered agent Laura Michelle departs the Eleanor Mowery Sheets team over at Coldwell Banker and joins the Dave Perry-Miller (An Ebby Halliday Company) team. Pretty gal, isn’t she?
A source has informed me that Jim Dondero, one of the founders of Highland Crusader, is heavily invested in some of our area’s most expensive homes. Dondero is the financial backer behind Andrew Merrick Custom Homes. Quick call to Craig Barrow with Andrew Merrick this am: “I’m not even a little bit worried”. �