PHOENIX-The multiphase redevelopment, including an exterior redesign, begins after the calendar flips and will continue through late 2006. Owner Westcor is still hashing out the final cost to redress the 98%-leased center.

TUSTIN, CA-The Newport Beach-based development and investment firm starts work on a speculative industrial building here and four others in Norco in the Inland Empire.

GRAPEVINE, TX-Developer and owner AMB Property Corp. trips the green light on a two-building final phase to its 65-acre Northfield Distribution Center. A 108,640-sf, class A office/warehouse leads the build-out, but the second structure's not far behind.

ESCONDIDO, CA-Sarofim Realty Advisers acquires Felicita Town Centre for $26.5 million.