AUSTIN-A Hendricks & Partners report says that although absorption doubled in the third quarter, the number of new units drove vacancy rates to 5.1% -- and builders aren't done yet. More than half of available units come with concessions.
SAN ANTONIO-The retailer focuses on the high-growth north central and northwest submarkets in its Alamo City rollout. It's latest will be surrounded by a Super Wal-mart and Romano's Macaroni Grill.
AUSTIN-IBM's software subsidiary will turn about 250,000 sf, including some sublease, back to the market beginning in the first quarter when it moves into a 200,000-sf headquarters at McNeil Road and Parmer Lane.
AUSTIN-GMAC Commercial Mortgage boss Robert Feller says his company stands behind the provider of telecom services to apartment complexes, but has "a vested interest in its success.
AUSTIN-CB Richard Ellis and CFX, an engineering firm, find space at Barton Skyway III and Terrace II in quarters vacated by software developer Vignette Corp., which vacated 121,000-sf.
SAN MARCOS, TX-Optical fiber equipment from Marconi PLC brings broadband to users in the Austin-San Antonio corridor as Grande Communications Inc. builds out telecom network for business and residences.
AUSTIN-A slowing economy forces the software company to leave Barton Oaks and move into smaller quarters down the MoPac Expressway. Vignette now shares Barton Skyway II with Landmark Graphics Corp.
AUSTIN-Lehtonen Investments says its taking advantage of low interest rates and construction costs to have an office building ready when economy turns. The building could draw smaller tenants, one of the partners says.
AUSTIN-The 14-story Austin City Lofts is marking its calendar for spring 2002. That's when the CLB Partners project will break ground on the for-sale units just around the corner from one of the city's most popular hamburger eateries.
AUSTIN-California Micro Devices sets up a chip design center in the 90,000-sf Park Forest development in northwest Austin. The office, for now, totals 2,500 sf and houses just two employees. More hires are coming soon, says the firm.