SANTA ANA, CA-The locally-based company is developing the project on behalf of Principal Capital Real Estate Investors. Known as the Jurupa Business Park, the complex will encompass 1.1 million sf upon completion. It is rising on a 51-acre site at 13204 and 13502 Jurupa Ave.

SAN ANTONIO-International Bank of Commerce has no intentions of exiting the San Antonio market despite the loss of 20 locations due to Albertsons' decision to vacate. In fact, says IBC-San Antonio president, there are plans afoot for more locations.

CHICAGO-The second-largest US mall REIT acquires privately-held Victoria Ward, Ltd. and its 65 acres in the Kakaako entertainment district plus 600,000 sf of retail space. General Growth already has the 1.8-million-sf Ala Moana Center in the 50th state.

MINNEAPOLIS-The 9,000-sf stores will accelerate the firm's fast growing Save-A-Lot "extreme value" retailing. The concept includes a combination store of grocery and general merchandise.