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ATLANTA-The Houston developer is putting a hotel project on hold at mixed-use Overton Park, Interstate 75 and the Kennedy Interchange. Stringent lending guidelines on new lodge construction led to the change in plans, insiders say.

AUSTIN-Austin City Council will weigh zoning changes and variances for setback and height for a proposed 26-story project at Fifth and Congress. Houston-based Hines Interests says a favorable decision looks positive.

HOUSTON-Recovery efforts will be ongoing for some time, but today Houston's CBD will reopen after a one-day shutdown as a result of the havoc wreaked by Tropical Storm Allison. Literally every building has been affected, says Hines' chief exec.

ATLANTA-Hogan Group of Tampa, FL is selling the 19-story, 98% leased, 436,200-sf Glenridge Highlands Two office building in suburban Dunwoody, FL. The asking price is said to be at least $84 million.

CHICAGO-Reconstruction of the upper and lower levels is going on along the east-west portion of Wacker Drive while three new office towers will rise along the north-south portion of the drive by 2004-05.

ATLANTA-CB Richard Ellis Inc. gets the exclusive listing. Area brokers tell GlobeSt.com on condition of anonymity the 18-story, 407,000-sf, three-tower structure will be lucky to get $170 per sf in a currently low appreciation phase of Downtown office assets.

SCHAUMBURG, IL-This economic engine of Chicago's Northwest suburbs continues to hold out for quality development as less than 6% of its giant tax base remains undeveloped. Similar communities are advised to do likewise.

HOUSTON-Cockrell Oil Corp. and Ocean Energy Inc. have found takers for some of their excess office space in the CBD. Pure Resources will move into 1600 Smith St. and AEP Energy heads to Louisiana Place.