Capital Markets

CHICAGO-Mayor Richard M. Daley wants the Millennial Housing Commission, appointed by Congress, to push for a 40% jump in the federal Home Investment Partnerships Program so city's such as his can build new rental housing.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.

ARLINGTON, TX-The Southwest BOMA Region has its TOBY picks ready to head to the national competitions in Baltimore. The 15-year-old Brookhollow II's property manager is optimistic it will win its category.

NEW YORK CITY-Lehman Brothers' analysts expect REITs will outperform the broader market, turning in a total return of 10% over the next year.

ATLANTA-Fourth quarter funds from operations at America First Apartment Investors of Omaha, NE are up 13% increase from the comparable 1999 period. American First Apartment Investiors owns the 226-unit Retreat in Atlanta and the 260-unit Park Trace in Norcross, GA.

CARY, NC-Credit Suisse First Boston is advising the 18-year-old REIT on how to better evaluate its 98-property portfolio for shareholders.

NEW YORK CITY-With speculation already running high that Cushman & Wakefield and Cushman Realty are talking merger, the announcement of an official C&W press conference has led many to believe it's a done deal.

WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.