AUSTIN-It could be a glitch, but it's still a welcome sign in the capital city. A Q3 office analysis shows an up-tick of 397,926 sf, thanks to keys turning over in the southwest submarket. Austin's overall vacancy is 22.2%.

SAN ANTONIO-The Outspan Townhomes will have 120 units for working-class tenants while the balance will go for market rate. The complex, fueled by a Freddie Mac loan of about $9.2 million and tax credit buy, is being built near the city's new sports arena.

WYLIE, TX-Sphinx Development Co. will deliver the 120 townhomes in Wylie in midyear 2003. Site work has begun on the $12.8-million Bachon Townhomes, going up on a 14-acre site. The 18-year loan's interest rate is locked in at 7.42%.

DALLAS-The third quarter erases the promise of Q2, with the North Texas multifamily market struggling amid record home-buying levels and steadily increasing supply. Fort Worth is faring better than Dallas. Concessions are deeper, more widespread.

DALLAS-American Turf & Carpet gets a deal that shaves $1 per sf off the submarket rate, the broker says. The carpet and turf distributor, in turn, steps into half of a vacant warehouse building in the Hines North submarket in Dallas.

DALLAS-Rich Flaten is on board as a director/vice president of national site acquisitions for Trammell Crow's share of the Bank of America account. The bank's development pipeline calls for 200 new locations, mostly new product, each year for several years.

DALLAS-Cousins Properties and Macfarlan Real Estate rightfully exercise their bragging rights to a trio of office leases in Las Colinas and Dallas CBD. The lucky buildings are 6565 MacArthur at Sierra and Thanksgiving Tower.

DALLAS-The third quarter erases the promise of Q2, with the North Texas multifamily market struggling amid record home-buying levels and steadily increasing supply. Fort Worth is faring better than Dallas. Concessions are deeper, more widespread.