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AUSTIN-Gables Residential is looking to cash in on Austin's tight multi-family market, buying the 160-unit The Reserve at Barton Creek from Trammell Crow Residential. The per unit monthly rent is nearly $400 higher at the acquired property than that of Gables' other Austin holdings.

BOCA RATON, FL-Drive-in fast-food restaurants with carhop service, where allowed by local law, are coming to Florida. Plans are to open more than 100 Stewart's Root Beer Drive-Ins statewide over the next four years, with at least 30 of them in South Florida.

SAN DIEGO-The once-mighty REIT, which announced plans to liquidate last month, will close three West Coast offices and downsize two others.

SAN DIEGO-An advertising company's plan to build two relatively small office structures runs afoul of its neighbors in suburb of Solana Beach.

ORLANDO-A heavy debt load is eating up the theme park's profits, notes the resort's parent, Seagram Co. The loss in fourth quarter 1999 was $15 million compared to a loss of $7 million in the comparable 1998 fiscal year.

ATLANTA-Highwoods Properties has broken ground on its third class A office product in The Tradeport, a 200-acre, largely warehouse/distribution development off I-75 at Hartfield Atlanta International Airport.

SAN LEANDRO, CA-The development is San Leandro's biggest employer, and its largest source of sales-tax revenue, which is why the city has been taking an active role in its redevelopment

BETHESDA, MD-LaSalle Hotel Properties mortgages three hotels to pay down debt on $235-million line of credit.