BERKELEY, CA-Despite local opposition, property owner Patrick Kennedy will proceed with plans to develop a new $20 million, 100-unit commercial and residential development.

CINCINNATI-U.S. Bank is kicking off the Cincinnati Housing Development Fund with a $33.3-million investment. The fund will finance new construction and rehabilitation projects, mostly through short-term construction loans.

ALHAMBRA, CA-The 78-unit Jade Gardens was fully occupied at the time of its purchase by two San Gabriel Valley private investors. A South Pasadena partnership get the check for the one-building asset developed in 1964.

SACRAMENTO, CA-The sale of the Cottage Square Apartments at a rate higher than the listing price confirms the increasing investment value of real estate within today's slumping economy.