AUSTIN-Despite another loss, USOL Holdings in Austin is on track to break even operationally in first quarter 2002, says its interim CEO. The multifamily high-tech provider has taken a $5-million hit in second-quarter results.

AUSTIN-Construction cranes will move off CarrAmerica's CBD work site by the end of the month, marking one year of work. The 442,000-sf, class A high-rise is on track for its first tenant move-in by year's end.

AUSTIN-Austin multifamily developers should follow the lead of the city's office developers and stop building, says M/PF Research. The state capital is ranked fifth in the nation for construction despite an occupancy drop in the past year.

AUSTIN-California-based Mattson Technologies is asking $3 million for an industrial building with 28,633 sf of office and warehouse space plus three cleanrooms in northeast Austin. Blame it on the semiconductor industry's downturn, say officials.

AUSTIN-Mayor Kirk Watson's resignation notice has real estate professionals lamenting the loss and hopeful that his replacement is as pro-development. Watson has bridged the gap between environmentalists and developers, something no one wants to lose.

AUSTIN-The University of Texas System has been accorded a AAA bond rating, just in time for a planned bond sale in September. The bond sale will help finance a $3.4-billion, six-year capital improvement project.

AUSTIN-Boston's Intercontinental Real Estate has made its second Austin buy in nearly two months. This time, the firm has acquired the Stone Creek Plaza I and II, totaling 240,000 sf. The buyer's acquisition director says it's here for the long-term.

AUSTIN-The Gracy Title Building, once a proposed loft project, is under contract to the University of Texas System. The system is putting up $2.2 million for the 20,800-sf CBD building along Austin's W. Seventh Street.