Austin’s All Web Leads changes hands, acquired by California firm

All Web Leads Inc., an Austin online insurance sales lead generator, has been acquired by San Francisco private equity firm Genstar Capital LLC.
The company was sold by Great Hill Partners LLC, a Boston-based private equity firm that bought All Web Leads in 2011, according to a company statement. Financial terms of the deal were not disclosed.
All Web Leads has 380 employees.
In early 2011, Great Hill Partners recapitalized All Web Leads and financed its acquisition of InsuranceLeads.com, creating…

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Justice Department to Kung Fu Saloon: Stop discriminating

The owners of Uptown bar Kung Fu Saloon have reached an agreement with the U.S. Department of Justice after being accused of discrimination.
According to the Justice Department, Routh Guys LLC and Grand Guys LLC, which operate Kung Fu Saloon locations in Austin, Dallas and Houston, discriminated against African-American and Asian-American patrons by not allowing them to enter the bars.
Kung Fu Saloon has one Austin location at 510 Rio Grande St. and has another site under contract for a second…

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Austin production studio targets branded content with key hire

Arts+Labor, an Austin production studio and marketing firm, has named Amos David McKay as its executive creative director, in a move to help the company grow its branded content production business.
McKay comes to Arts+Labor after 15 years with agencies such as Slingshot, The Martin Agency and BBDO, where he helped lead national campaigns for AT&T, Pizza Hut, Walmart, Dr Pepper, Jack Daniel’s and Hanes.
Alan Berg, the company’s co-founder and president, said McKay knows how to match the content…

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Austin’s Best Places to Work: How a mortgage co. reigned supreme in the small-company category

Real estate is a high-stress business, or, as John McClellan describes it, “controlled chaos.” That’s why McClellan, owner of Supreme Lending McClellan Branch, puts such a high premium on creating a strong workplace culture that stresses fun and flexibility yet focuses on results and productivity. The result is employee retention.
“There’s a lesson to stress and that’s never add to it,” McClennan said. “I believe you lead by example and not by yelling or bullying.”
Supreme Lending’s…

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Round and round with the latest real estate shake-ups

Just because it’s summertime in Austin doesn’t mean commercial real estate personnel are staying put. On the contrary, two well known tenant representation brokers have left high profile commercial real estate brokerages, a commercial lender has joined a brokerage and a team of brokers have launched a new company with a strong Austin presence.
Perhaps the biggest surprise is Will Douglas departing CBRE Group Inc. to become the president of CCNG Realty Inc./Spanish Oaks Realty, overseeing development…

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Bizspace Property Spotlight: Shell Truck Stop

Bizspace Property Spotlight is a new resource presented by the Austin Business Journal with Auction.com. This is your invitation to view some of Austin’s best available commercial spaces. Whether you’re looking to relocate your company, make an investment or just curious about the space, come take a look around. Click on the gallery image to view today’s featured property.
4030 US-59, George West, TX 78022
Starting Bid: $700,00 Property Type: Retail Available SF: 4,614 Lot Size Acres: 4 Occupancy…

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Class action suit against Pain Therapeutics to begin July 7

A class action lawsuit filed in 2011 against Pain Therapeutics Inc. and its executives appears set to go to trial beginning July 7. A decision dated June 16 from the U.S. District Court for the Western District of Texas denied Pain Therapeutics’ motion for a summary judgment, which would have prevented the case from going to trial.
The suit by shareholders claims that company executives made misleading claims about the expected commercial potential for its lead drug candidate, the painkiller Remoxy,…

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Houston software startup makes another go of it in Austin

A Houston software company has opened an Austin office after closing another in 2013 following a year of local operations.
Onit Inc., a developer of enterprise apps that opened a downtown office in 2012, disclosed opening operations on Northland Drive and hiring Paul Wallace as vice president of sales solutions. The company employs 15 local workers in sales, marketing and development, spokeswoman Jill Black said.
Onit’s Austin expansion is the result of 764 percent revenue growth from 2012 to…

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