AUSTIN-It's in with the new and out with the old as Albertsons opens a 61,000-sf store on a neighboring site to an older model. The latest shopping model includes a Starbucks and full-service pharmacy.

AUSTIN-Trammell Crow Co. in Austin wants everything to be fresh at a recently completed 225,000-sf retail renovation - including the owner. The Springtown Shopping Center in San Marcos hits the market as brokers scour for a buyer, hoping to close a deal by year's end.

AUSTIN-A partnership counts on the high-tech wave to continue, borrowing $20 million to buy the 180,000-sf Westech 360. The property is 98% leased.

AUSTIN-An environmental consulting and testing company is leasing 12,021 sf in the 158,846-sf Centennial Towers. The contract puts the business in a key location to the city's primary business and residential sections.

AUSTIN-A developer is buying into the bustle at the intersection of Parmer Lane and Interstate 35, the major north-south artery bisecting Texas. The 240,000-sf Park Central Project will be situated on 19.5 acres.

AUSTIN-Popular home builder, Centex, is joining in Austin's land rush, buying 62 acres to construct more than 200 homes in the city's northeast sector. The city's tight housing market has triggered a building surge in the state's capital.

AUSTIN-The city's retail real estate sector continues its heady pace, with sales rising, consumers clamoring for more stores and tenants discovering rents in some areas have jumped by 10%. The force behind Austin's good fortune is its top ranking in job development.

AUSTIN-Now that the air has cleared for Henry Cisneros, former secretary of Housing and Urban Development in the Clinton administration, he is setting his sights on property development. Cisneros last year pleaded guilty to lying during an FBI background check, paying a $10,000 fine.