Newsroom

The Texas Comptroller of Public Accounts has reaffirmed Richardson as a Gold member in the State Comptroller’s Leadership Circle Awards. The award recognizes Richardson for its efforts to make finances open and accessible.

John Jacobs, Senior Vice President for Economic Development at REDP, tells Area Development Online that as the economy begins to improve, the immediate availability of buildings is a top factor in site selection

Richardson-based Fossil Inc. reported that third-quarter net income rose 2 percent, above Wall Street expectations, on strong global sales of watches and leather goods. Net income rose 2.1 percent to $69.6 million, or $1.09 per share, from $68.2 million, or $1 per share. Revenue rose 22.7 percent to $642.9 million from $523.8 million last year.

Legacy Partners Residential Development and Boston-based General Investment & Development Cos. have sold the 285-unit Venue in Richardson to Amli Residential.

Verizon will collect
unwanted electronics and other material for recycling at their Richardson campus on Nov. 10. This Recycling Rally —
which is free and open to the public — is part of Verizon’s commitment to
protect and preserve the environment by enabling the public to be green at work
and at home.

Massachusetts-based Franklin Street Properties Corp. has acquired the AT&T Services Building at 1410 Renner Road in Richardson. The 122,300-square-foot office facility is fully leased to AT&T Services, a subsidiary of AT&T Inc.

Freese and Nichols Inc. – an engineering, architecture and environmental services firm – will double its office space in Richardson to meet increased demand for the firm’s natural gas and oil pipeline services. 

According to the research team at Grubb & Ellis Co., Dallas-Fort Worth office absorbed about 736,000 square feet of office space in the third quarter of 2011, more than half of the year’s total of 1.4 million square feet. The gains were largely felt in the Richardson/Plano/Allen sub-market.

ACD, a leading supplier to the electronics industry based in Richardson, Texas, announces a record Q3 2011.