AUSTIN-It won't be a replay of the late 1980s, but Austin's office occupancy is caught in an undertow of a falling economy. Charles Heimsath of Capitol Market Research pegs the overall rate at 84.9%, down from 95% in December.

LAS COLINAS, TX-In a multi-million-dollar makeover, the former NEC campus, now Las Colinas Commons, has signed its first tenant. In line with the long-term lease, the YMCA gets a new 14,600-sf facility in Las Colinas.

DANBURY, CT-CB Richard Ellis reports Fairfield County experienced a negative absorption of 164,562 sf in the second quarter of 2001, which was a slight decrease from the first quarter. This follows a decrease in vacancies in the first quarter.

ATLANTA-Unable to find a buyer since June 1999 for its 71-acre, undeveloped Sugar Loaf 85 tract in suburban Duluth, GA, the Everett, WA-based aircraft manufacturer is taking the listing contract away from Grubb & Ellis Co. and giving it to CB Richard Ellis Inc. Boeing is asking $23 million or $323,944 per acre ($7.44 per sf) for the dirt.