Operations of a New York Life division is moving from offices atSan Jacinto Center, 98 San Jacinto Blvd., in Austin's CBD, to21,431 sf at the Reserve, a two-story building at 7501 N. Capitalof Texas Highway. The space was vacated by iBooks.com Inc., whichtried to sell searchable electronic books. The company had beenfunded with more than $30 million from venture firms includingAustin Ventures, TL Ventures and Dell Computer Corp. The companywas unable to get customers and cut 77 of 110 jobs in late January,followed by more cuts in February before closing down.

New York Life Long Term Care Division is a wholly owned divisionof New York Life Insurance Co. It has administrative and callcenter functions. Robert Merrill of Trammell Crow Co.'s Austinoffice has represented iBooks.com and Jamil Alam, also of TrammellCrow, acted on behalf of New York Life.