WASHINGTON, DC-The Service Employees International Union (SEIU) says Boston Properties' collection of undeveloped land has grown at a potentially hazardous pace. SEIU's Boston Properties Watch--the union's information service that operates independently of the REIT--reports that Boston Properties' land bank has increased by 45% over the last 18 months.

SAN ANTONIO-Come Dec. 6, Albertsons shutters three under-performing locations in the San Antonio market. The store is keeping 19 stores open in the region. The soon-to-close sites simply couldn't stack up in a sales and earning review.

VANCOUVER, WA- Legacy Health System, looking for the right spot to develop a $170-million hospital, has optioned the site for which Costco Wholesale recently was unable to gain approval for one of its warehouse stores.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.