CHICAGO-The 156-unit multifamily rental project at 84th Street and Parnell Avenue was heavily financed by city and state programs aimed at creating affordable housing. Meanwhile, a development for foster parents and children is slated nearby.

LONDON-Reflecting the growing institutional interest in residential investment, Baring Houston & Saunders--part of the Dutch financial services group ING--has launched its new UK Residential Property Fund with a target size of pounds 250 million ($390 million).

COLORADO SPRINGS, CO-The submarket sees seven deals in the first half of 2002 compared to nine a year earlier, but the dollar volume of $40 million far outpaces the 2001 numbers, according to a CB Richard Ellis report.

MIAMI-The $187.28 per-sf price that seller Principal Life Insurance Co. obtained is top dollar in the market. The Des Moines, IA-based firm bought the property 3 1/2 years ago for $7.3 million less.