HOUSTON-The 576,974-sf 5 Houston Center's construction milestone comes as the city worries about office space fallout from Enron. Still, Crescent's leasing senior vice president is confident the state-of-the-art space will be a boon to the downtown.

AUSTIN-The neighboring Central Texas cities are hoping to raise the mercury on their down hospitality markets. Austin gets the first shot with the upcoming South by Southwest music festival, which is expected to attract the usual crowd.

NEW YORK CITY-The redevelopment group's plan to distribute HUD funds to Downtown residents and businesses needs a major overhaul if it is to provide meaningful assistance to Lower Manhattan.

BELLEVUE, WA-With two delays already under its belt and having received notice of a third, childcare provider Bright Horizons invoked a termination clause in its lease with Lincoln Square and signed on with The Summit, a competing office project.