AUSTIN-For the first time since 1989, the Austin office market posts a negative absorption for the year: 612,321 sf. Overall vacancy hits 18.8% and rent on the average is down 7.7%, says Colliers Oxford Commercial in its Q4 2001 analysis.

AUSTIN-The Central Texas Commercial Brokers sets itself up for 2002, announcing new officers for the organization that covers 25 counties. Leading the 2002 charge as president will be Lila Nelson of Keller Williams Commercial.

AUSTIN-For the first time since 1989, the Austin office market posts a negative absorption for the year: 612,321 sf. Overall vacancy hits 18.8% and rent on the average is down 7.7%, says Colliers Oxford Commercial in its Q4 2001 analysis.

AUSTIN-The San Diego-based Shidler Group starts off the year with a new tenant for one Austin CBD building and a renewal for another. Cable & Wireless USA will join the tenant roster at 800 Brazos in a three-year deal valued at $181,000.

AUSTIN-CB Richard Ellis brings together the synergy of its two Austin operations into one location at Three Barton Skyway in the southwest submarket. L.J. Melody moves from the northwest submarket and the CB team from a Barton Road building.

CEDAR PARK, TX-For five years, Cedar Park has been working toward this point. Now, the iron's hot for pushing hard with two economic development entities to lure employers to its midst. More than 3,000 acres are available as bait.

SAN ANTONIO-The initial forecast for San Antonio is cautionary as researchers map out another sluggish year. The Grubb & Ellis report says the downturn will drag into 2003 for the city, save for its class B and C multifamily products.

SAN ANTONIO-The New York City developer for San Antonio's long talked about convention hotel puts some glad tidings into the city's New Year. A meeting next week clarifies a financing option that has surfaced.