DALLAS-The Federal Reserve Bank says Texas possibly is in a recession. Grubb & Ellis reports the highest negative absorption in a decade. Still, there are slight signs that the worst could be over.

WESTWOOD, MA-Equity Residential Properties proposes adding 138 units to an existing 180-unit affordable-housing complex here near Route 109. If the project is approved it will bring the town up to its 10% affordable-housing requirement.

SEATTLE-At present, the average vacancy rate here is 5.5%, up from 3.9% at the end of 2000. The additional 0.8 percentage point increase predicted for 2002 is primarily the result of significant new supply entering the market during a period of waning employment growth.

PHOENIX-Three office leases, totaling 106,748 sf, pass through the final round of signatures. The largest, 88,596 sf, is a renewal by CIGNA Healthcare for its McDowell Road medical center.