AUSTIN-Sun Microsystems isn't pulling out of Austin, but is reviewing its office needs. The decision could put 107,000 sf of under-construction space at Parmer Business Park onto the city's sublease roster. Sun has tested the waters for sublease takers, its broker confirms.

ALISO VIEJO, CA-Locally based Shea Properties has begun grading on a 277-unit multifamily project in Santa Rosa. The $44-million Acacia on Santa Rosa Creek is slated for completion in the fall of 2002.

DENVER-A 2,209-sf, mixed-use building in the hot Highland neighborhood north of Downtown sells for $351,000, about 20% less than the going rate for property in that area despite a diverse group of bidders.

ORLANDO-After picking up a prime 2,500-acre parcel for an estimated 42 cents per sf last year, Florida developer Bobby Ginn is scheduled to start construction in June on the first of three 18-hole championship-caliber golf courses at his mixed-use Reunion Resort & Club venture.