AUSTIN-It will be at least a year before site work begins on the 10-story hotel near the Austin-Bergstrom International Airport. The Springfield, MO-based hotelier still has mounds of city paperwork to do for the entitlement process.

SAN ANTONIO-Spigel Properties, a recognized turnaround specialist, is working out the details for its newest acquisition, the Westlakes Mall in San Antonio. The property, anchored by Target, is shouldering a 50% occupancy.

SAN ANTONIO-Spigel Properties, a recognized turnaround specialist, is working out the details for its newest acquisition, the Westlakes Mall in San Antonio. The property, anchored by Target, is shouldering a 50% occupancy.

AUSTIN-The 100-unit Marshall Apartments sell for $20,000 per unit. Buyer AmeriSouth, a well-known Dallas repositioning pro, will put $1 million into a rehab at the 96%-occupied complex situated on the city's east side.

AUSTIN-GCI Read-Poland ends a 30-year run and signs a five-year lease for 6,700 sf at 327 Congress Ave. Move-in is set for early December in a pact structured by Colliers International and Trammell Crow.

AUSTIN-The Texas Health and Human Services Commission takes 5,115 sf while Quantitative Environmental Analysis of Montvale, NJ, signs for 1,434 sf. The state agency space complements 41,064 sf in a neighboring building.

AUSTIN-The feds' short list remains fluid, but it appears Intel's unfinished CBD building isn't high on the roster. A site could be decided within two weeks as the process then shifts into the long haul of establishing property value.

AUSTIN-Austin economist Angelos Angelou says next year will be practically a repeat performance of this year. As before, the long-term outlook looks good, but the short-term isn't nearly so rosy.