Word: austin
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Dates: during 1990-1999
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...this for the country's real estate promoters: even in the worst of times they are unsinkably optimistic. Yodels Jerry Lumsden, a property broker in Austin whose 27% office vacancy rate is among the highest in Texas: "The trend line is good." The Lone Star State, like the rest of America, is reeling from what many experts consider the most glutted commercial real estate market since the 1930s. The culprit: the 1980s, of course, during which U.S. office space doubled, to 5.38 billion sq. ft. In city after city the industry is overleveraged, overbuilt and underleased. At 540 million...
...basic feeling is that we're losing a person who can be replaced but never duplicated," says Cecil Austin...
...bargain guaranteed. Prices have edged up as yesteryear's bare-bones outlet stores full of seconds and irregulars have given way to today's fancy discount malls full of first-quality goods. "You need a good eye or you can still get ripped off," observes Mark Trainor, an Austin computer salesman browsing for clothes at San Marcos Factory Shops, one of two outlet malls off the interstate highway between San Antonio and Austin. "There are good buys at the discount malls but not great buys," warns consumer advocate Mona Doyle at the Consumer Network, based in Philadelphia...
...Harvard men's swimming team's meet against Army, Kovacs qualified for the NCAA championships with a time of 49.80 seconds, just nipping the qualifying time of 50.13. The swim earned him not only an invitation to nationals in Austin, Tex., in March, but also a spot in the Olympic trials...
Established a little more than a year ago, Auto Critic also has locations in Austin, San Antonio, Cleveland and Little Rock, and will soon open in San Diego, Atlanta and Somerville, N.J. Franchises are available for $12,500, not including the fully equipped van, which costs...