AUSTIN-The Austin Museum of Art sells half of its CBD block to Hines. The plan is to break ground in 2009 on a 425,000-sf office tower and 40,000-sf museum.

'There is growth even in a market that is in a downward cycle.'

DALLAS-The city and Chavez Properties ink a $40-million land option as six developers raise hands to submit proposals. The landowner says the stars are now aligned.

ATLANTA-Eastman Kodak renews a 50,000-sf lease at 3003 Summit Blvd. and Reznick Group expands by 25,000 sf at 2002 Summit Blvd.