GlobeSt.com: Will you be spending as much ondevelopment and investment this year as last year?
Phillips: I suspect less. We're waiting forpricing to come back to reality. There are buildings now on themarket we're going to take a look at, but you've got to be carefulabout overpricing. We're looking for properties with good, basicmarket underwriting. Those are out there but not in abundance.There's a lot of turbulence in the capital markets, which iscausing a lot of people to stand at the sidelines and wait to seewhat's going to happen.
GlobeSt.com: In terms of acquisitions, will youfocus on investment or development?
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