Austin

AUSTIN, TX— Buyer enthusiasm continues to make an impact on the market and investors are active throughout the quality spectrum, particularly with class-A assets that are coming to market.

PFLUGERVILLE, TX-Work starts on a second building to get some spec space in Verde Springbrook Corporate Center after leasing the bulk of an under-construction warehouse.

AUSTIN-Stratus Properties and Canyon-Johnson break ground on the 850,000-sf mixed-use project in the southwestern quadrant of the CBD.

AUSTIN-Jane Snoddy Smith, a five-year partner with Fulbright & Jaworski LLP, is national president-elect of the 7,621-member organization.

AUSTIN-East Avenue Investment Group's project will get the world's fourth Hyatt Andaz. Work begins in late 2008 on the hotel and 600,000 sf of office.

AUSTIN-The San Antonio-based bank takes 52,000 sf in the 33-story CBD high-rise to boost the pre-leased space to 46%. Frost Bank becomes the largest space taker of the five leases signed to date. The building opens in January 2004.

AUSTIN-The law firm of Dewey Ballantine becomes the fifth tenant to pre-lease office space in Cousins Properties' Congress at Fourth. The 35,000-sf, 10-year lease carries the 525,000-sf tower to 34% filled, with the opening still 10 months away.

ROUND ROCK, TX-Ace Southwest, a moving-and-storage company, is the largest space taker with 11,520 sf in the trio of industrial leases signed for two buildings in the 132-acre Chandler Creek Business Park.