HOUSTON-Construction crews descend on the 75-acre Cole Creek Business Park, where a 197,800-sf spec industrial project leads a planned seven-building development. A February 2002 delivery is set for the northwest submarket undertaking.

BEDMINSTER, NJ-The transaction marks the second time in 18 months that Faro Pharmaceuticals has subleased space to Flarion, a Lucent offshoot.

LOS ANGELES-The City Controller says center officials may have provided $5.8 million more in discounts than local code allows, and that collection of unpaid debts is poor. Findings come as LA struggles to woo new expos to boost the sluggish economy.

DALLAS, OR-The two-building 189,000-sf former Caterpillar manufacturing and warehouse facility in Dallas, OR is in escrow to an investor who plans to rehab the older space and use it for incubating small-but-growing manufacturing firms.