The announcement comes on the heels of a busy quarter forCatellus. Earlier this week, the company signed Cisco Systems to a34-year deal for 3.4 million sf in the still-under-developmentPacific Commons project in Fremont. That deal alone will bringalmost $102 million into Catellus' coffers by the middle of nextyear. Meanwhile, at the Mission Bay development in San Francisco,the pace remains frantic. Catellus recently sold a one-acre parcelto Signature Properties and The Riding Group, LLC, for $13.5million. The partnership plans to develop 100 condominiums on thesite. That deal is expected to close by February.

AvalonBay communities will begin construction of their 250-unitapartment building at Mission bay in January. An additional300-unit building will be going up in the Third Quarter of nextyear. Catellus will also break ground on their mixed-use projectsat Mission Bay in the Second Quarter of 2001. That project willinclude 160,000 sf of office and retail space, along with 622residential units, some of which will be for sale.