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SACRAMENTO-The North Carolina-based home improvement retailer is expanding in Elk Grove and building new stores in Citrus Heights and Vacaville. The Sacramento retail sector has grown by more than 2.5 million sf in the past year.

SAN JOSE-More than 1.84 million sf of vacant sublease office space came on the San Jose market during the first quarter of 2001, increasing the vacancy rate by more than 75%, according to the latest report from Colliers International.

OCEANSIDE, CA-A countywide plan to impose regional government could wrestle decisions about land use and transportation away from local control, North County leaders fear.

LOS ANGELES-An automobile auction company signs a 15-year, $25-million lease to use the former Ascot Park racetrack site in South Bay to store the vehicles it plans to sell.

COLUMBIA, MD-R.S. Columbia Holding LLC bought the two projects--home to 47 tenants and including 275,000 sf on 22.5 acres--from Nottingham Properties. The purchase price wasn't disclosed.

WASHINGTON, DC-The NAR forecasts dire consequences if banks are allowed to enter the real estate industry. They could cause more foreclosures and result in fewer choices for consumers, while not providing much profit for themselves.

SEATTLE-Atlanta-based Johnson Controls Inc. is using the International Development Research Council's Pacific Northwest World Congress to launch an online portfolio management product to the commercial real estate industry.

AUSTIN-In a reverse/forward stock split, Austin-based Stratus Properties will buy 70,000 shares from about 5,500 stockholders. The strategy affects stockholders who own 50 shares or less. The plan kicks off May 25.