AUSTIN-John Lloyd acquires the acreage from a family trust and immediately sells 80 acres in a turn-around play. His buying strategy rests on Austin's rebound and the strength of the land's proximity to the airport.

SAN ANTONIO-Roger Ship of Austin and his San Antonio partner are in final talks for the state's first two Red Robin Gourmet Burgers locations. Seven eateries will open in Central Texas in the next five years while up to 30 are planned for the state.

AUSTIN-Austin City Council is expected to give a green light to John Q. Hammons Hotels for an Embassy Suites on a site in the 110-acre Austin Airport Centre. The hotelier was seeking clearance for a 19-story facility.

AUSTIN-Aon Services steps into 9,236 sf at Computer Sciences Corp.'s Arboretum Boulevard building while the Daughters of Charity Health Services of Austin leases 12,743 sf at a Chevy Chase Drive office building.

AUSTIN-Work begins in December on the 135,000-sf Blanton Museum of Art. The highly publicized project will deliver in 2005. To date, $60 million in public and private funds have been raised for the $83.5-million campaign.

AUSTIN-Dallas developer Kamco Property Group wins the go-ahead after spending the last two years getting through Austin's entitlement process. Western Oaks is 60 days away from breaking ground on the first wave of retail development.

AUSTIN-GE Capital Real Estate puts up the money in a 10-year package with 5.4% interest and 30-year amortization. The 138-unit, 99%-occupied Stoneridge Apartments in the south submarket act as collateral for the loan.

AUSTIN-The 28,000-sf Parkway Office Centre will deliver in late summer or early fall 2003 on the last available tract for an office project along Capital of Texas Highway, south of Bee Cave Road.