PHOENIX-The local investment group outbids six others with a $1-million-plus offer for the Brookview Apartments at 4401 N. 12th St. Rent, right now, is $375 to $425 per month, but it's not likely to stay that way.

ARLINGTON HEIGHTS, IL-The move is an attempt to shift into more profitable efforts, such as hotel development and ownership of properties in larger markets. Atlanta-based Thompson Calhoun Fair is brokering the two-step disposition.

DETROIT-Owners are raising prices on vacant buildings so high that residential developers won't be able to realize a profit on new projects, says an expert. Without downtown residential, downtown retail won't grow.

DENVER- The funds for this $50 million initiative are in addition to funds CHFA has already budgeted for its economic development programs in 2003 and represent the largest allocation of funds it has dedicated to its business finance programs since inception.