AUSTIN-The Department of Small and Minority Business Resources is seeking council approval to engage in lease talks for 25,000 sf at a computer chip plant shuttered last year. The lease proposal runs 37 months.

SAN ANTONIO-International Bank of Commerce has no intentions of exiting the San Antonio market despite the loss of 20 locations due to Albertsons' decision to vacate. In fact, says IBC-San Antonio president, there are plans afoot for more locations.

AUSTIN-Atlantic States Bank is awaiting regulatory approval to forge ahead on plans for an Austin rollout. An OK will bring a main location at the historic Walter Tipps building in the CBD and the other at Balcones Centre in the far northwest submarket.

AUSTIN-Symcox Development has slid its $30-million plus plan along South Congress Avenue into the city for review. The project, earmarked for 7.3 acres, calls for a 375-unit multifamily component and 30,000 sf of retail.

AUSTIN-Edgar Kelly Rugs is transitioning from the Village at Westlake to West End Center, a popular spot for high-end retailers. The move nearly doubles the retail space for the specialty rug dealer, which is eyeing a July opening.

AUSTIN-United Dominion is the new owner of the 250-unit Barton Creek Landing, a 16-year-old complex that has wrought $69,600 per unit for seller, RREEF. The 84%-occupied holding has an 8.8% cap rate.

AUSTIN-The Village on Guadalupe is a go and should, if all goes as planned, be ready to occupy in late 2003. To get the OK, the developer had to downsize the project and redesign the parking. Still, the zoning change barely passed.

SAN ANTONIO-It's time to take another look at the main plan for redevelopment of the former Kelly Air Force Base. Leaders have made considerable headway in the past year, but now they want to see what's working and what's not.