Austin

AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.

AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.

BASTROP, TX-The Dallas-based Woodbine Development team is keeping to the schedule as work proceeds on pre-development design, a marketing study and permitting for the 635-acre project.

MIDLAND, TX-The limited partnership borrower takes out the loan through Dallas' Malone Mortgage. Secured by HUD's Multifamily Accelerated Processing program, the 30-year loan is fully assumable.

AUSTIN-A New York investor steps up to buy a 9,214-sf building along Camp Craft Road. The buyer gets a tenant signed to a five-year lease. ASC Management was seeking $1.7 million for the one-year-old structure.

AUSTIN-In all, 11,776 sf is spoken for in a submarket with a 17.5% vacancy. Celite Systems, which already occupies 11,156 sf, took another 3,476 sf from Sun Microsystems at Lakewood on the Park.

AUSTIN-The Scheffe Group is actively looking at two sites in Bee Cave and one in Austin's northwest submarket. The next project will have a bigger footprint than the 25,000-sf Juniper Ridge.

AUSTIN-Now, proponents and opponents must wait until May 23 to see if a master plan for a closed power plant gets a city OK. San Francisco-based Roma Design Group is pushing a plan for a community center to re-energize that section of town.