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HOUSTON-The Woodlands Operating Co. has begun construction on Waterway Plaza Two, another step forward for the strong office market in the 27,000-acre master planned community. The 143,000-sf structure backs up a 223,000-sf first phase that is 90% leased two months in advance of its delivery.

SAN DIEGO, CA-Booming economy drives area's hospitality market.

LONGMONT, CO.-Borders Books will build a 24,895-sf store on a parcel that has cost close to $7.7 million in this bustling Boulder bedroom community. The deal is part of an aggressive strategy to tap into the metro's northern suburbs, says a local broker.

SHELTON, CT-A total of 14,377 sf have been leased to an electronics manufacturer and an insurance firm.

SALINAS, CA -- Software developer Cisco Systems wants to expand into the agricultural area along Silicon Valley's southern border -- a prospect some see as threatening.

ORLANDO-BP Amoco PLC has purchased 27 Shell Oil Corp. stations in metro Orlando and neighboring Seminole County from First Coast Energy of Jacksonville for an estimated $100 million. The properties average about 10,000 sf each. The stations are being renamed either as BP or Amoco outlets.

FORT LAUDERDALE-Fortune magazine ranks five-year-old Extended Stay America Inc. among the 100 fastest-growing companies.

ST. PAUL - Change in strategy from REIT to Internet