WASHINGTON, DC-National Association of Home Builders/Fannie Mae Multifamily Housing Market Index reveals a decline in confidence about the performance of the condo market. Both class B and class C apartment buildings reach their highest levels ever in the first quarter.

GAITHERSBURG, MD-Highland acquires the site for approximately $29 million of $138,000 per key. Part of the Washingtonian Center development project, the 210-room property just opened on May 31.

WASHINGTON, DC-Somera is getting set to invest $60 to $80 million throughout the eastern seaboard. Thomas P. Falatko joins the firm as senior vice president to manage a new office here and expand the company's investment activities.

OLD TOWN ALEXANDRIA, VA-Grosvenor purchases two boutique retail properties on the Potomac River waterfront here. The firm hopes to work with the city to expand Old Town's focal point.

ROCKVILLE, MD-Washington Real Estate Investment Trust plans to use the net proceeds to repay borrowings under its lines of credit. In other matters, executive vice president and chief investment officer Christopher P. Mundy resigns.

WILMINGTON, DE-The Buccini/Pollin Group will be announcing plans for the construction of two office buildings on the waterfront at next week's groundbreaking at Justison Landing.

PORTSMOUTH, VA-A leading market watcher says more investors are sizing up secondary markets to deposit their gain from sales of core buildings in major markets. Norfolk's Hampton Roads is poised to be one beneficiary.

ROCKVILLE-Washington REIT spends $11.7 million for a 101,741-sf warehouse in Washington Business Park in Prince George's County. The new owner's upside is filling the 21% vacancy.