(Read more on the industrial market.)

SAN ANTONIO-The recently formed Santa Barbara DevelopmentServices is partnering with Australia's DB Rreef Trust on a$100-million plan to build 1.5 million sf of industrial space inthe region. The program's being ramped up within weeks of the localdeveloper selling its interest in a one-million-sf portfolio to thetrust.

The new partners will break ground within 30 days on fivebuildings in Interchange Park. Within 60 days, industrial projectswill get under way in Tri-County Business Park in Schertz, TX, thePort of San Antonio and Cornerstone Business Park.

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