LOS ANGELES-The price is believed to be a record per unit for an apartment building of this vintage. The complex was built in 1929.

With apartment units averaging $75,000 below the cost of similar units in San Diego and $10,000 below Phoenix's per unit prices, investors are looking to place their money in Tucson. The area's increased job projections and a cutback in development is helping to popularize the area as an investor market.

OAK BROOK, IL-Leasing agents for Great Lakes REIT continue to exceed the 2003 goal of 30,000 sf a month in renewals and new leases. However, occupancy across the six-million-sf portfolio is expected to dip under 80% by the end of the year.

SAN BERNARDINO, CA-A buyer from La Canada acquires the six multi-tenant office and warehouse buildings from an Irvine seller.