HOUSTON-A CA-based telecommunications company head to Texas, where high-tech demands are driving the state's economy. The business, which delivers broadband technology services, is leasing 23,600 sf in the Greenspoint Technology Center, a 300,000-sf shopping center that has been converted into high-tech hub.

AUSTIN-One of the area's best-known resorts, the Lakeway Inn, is putting finishing touches to a two-year, $20 million expansion, including three new meeting room and six breakout rooms totaling 20,000 sf. The project has been two years in the making

MESQUITE, TX-Dallas' premier development team, Panattoni-Hillwood, Thursday will break ground on a 930,000-sf, 112-acre industrial development parceled from acreage owned by Ross Perot Sr. since the mid-1980s in Mesquite. The undertaking is the largest of its kind for the suburb situated southeast of Dallas and home to televised rodeos.

HOUSTON-The nation's largest thrift is acquiring Bank United Corp., the largest publicly traded banking organization in Texas. Washington Mutual Inc. will pay about $1.5 billion for the 155-branch operation, pending federal regulatory approval.

AUSTIN-Trammell Crow's industrial division is dealing some relief to the city, beginning work on two buildings to provide 190,000 sf of office/industrial space in the southeast section. The projects will be finished by December, says the developer.

DALLAS-Investcorp, a group of New York City real estate professionals, is paying more than $10 million for a 160-unit apartment in Dallas. The acquisition marks the group's fifth multi-family purchase in the Texas market.

HOUSTON-Jobs and construction are rising, but the sale of existing homes has declined, says the local realtors' association. The July reporting shows a 7.4% drop from the previous year.

AUSTIN-A joint venture between AMLI Residential Properties and BPMT, a European pension fund, is making its fifth purchase in an aggressive acquisition plan backed by $425 million. The most recent purchase is a 487-unit JPI project.