Capital Markets

ORLANDO-The 400 members of Teamsters Local 385 are pinning their hopes on a federal mediator to determine if a new three-year contract that doesn't guarantee a 40-hour work week is legal. The workers say they will strike without a contract.

PORTLAND, OR-The Portland outpost of Zions Small Business Finance, a Division of California Bank & Trust, has gained the Small Business Administration's "Preferred Lender" status, which means faster loan approvals on real estate purchases, among other things.

RICHMOND, VA-Multifamily REIT United Dominion Realty Trust, Inc. closes on a $72 million Freddie Mac revolving credit facility, and then sells 3 million shares for a $42.3 million profit.

SAN DIEGO-A report by Burnham Real Estate Services shows that the bright spot in the San Diego real estate market continues to be apartments.

HOUSTON-Trimark Realty Investments' $48.2-million refinancing is driving a buying spree that has 1,400 units in Dallas-Fort Worth under contract and offers out on seven more Houston properties. Trimark says there's enough liquidity for 2,000 to 3,000 units.

OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.