IRVING, TX-JPI officially has cut the ribbon on an upscale community near Raleigh, NC. The 354-unit Jefferson at Cary Towne is one of 9,000 units in some 20 states that had been under construction at year's start.

LONDON-Parcels distributor Target Express has stepped up its acquisitions programme with deals in Coventry and Bristol. The company is opening a nationwide chain of distribution centres.

HOUSTON-Area brokers have closed deals to put tenants into One Woodbranch Center in W. Houston and Pine Forest Business Center in the city's northern tier. The deals, like others in recent weeks, signify the strength of the city's industrial market.

GLENDALE, AZ-Vestar Development is planning a September closing on 53 acres that will open the door to a fall ground-breaking on a 524,000-sf retail project. Agua Fria Towne Center's first phase will bring a 204,000-SF Super Wal-Mart and 60,000 of shop space and pad sites.