WASHINGTON, DC-The NoMa district, the fastest growing neighborhood in D.C. for new multifamily development in 2013, is suffering from a high apartment availability rate due to the glut of new space coming to market.

WASHINGTON, DC—Technology startup companies are reportedly going to be provided a financial boost by the District.

CHICAGO—A venture of locally-based development firm John Buck Co. has secured an $89-million construction loan from Cincinnati-based Fifth Third Bank for its high-rise apartment project on North Michigan Avenue here.

NEW YORK CITY—RXR Realty has spent nearly $200 million to acquire the long-term lease of the 470 Vanderbilt Ave. office building in Brooklyn.

NEW YORK CITY—Empire State Development Corp. is seeking to hire a broker to sell 1.5 million square feet of unused development rights attached to the Farley Post Office building.

BALTIMORE—Mayor Rawlings-Blake is scheduled to propose larger property tax breaks for industrial properties in Southeast Baltimore on Monday.

WASHINGTON, DC—Although there are still a number of regulatory hurdles ahead, the owner of the historic Patterson Mansion secured unanimous approval on Thursday from the D.C. Historic Preservation Review Board for its plan to develop micro apartments at the home of the Washington Club.

ROSELAND, NJ—Homebuilding in the Garden State got off to a rocky start in January with building permits falling by approximately 20% from last year.