DETROIT-The multifamily market is faltering, with rents and sales remaining unchanged. However, Marcus and Millichap predicts a turnaround by 2004, which bodes well for new developments already under construction.

ORLANDO-In the highest-per-sf-priced industrial deal of the year in metro Orlando, locally based MCO Properties and Investments paid Dallas-based Cardinal Capital Partners Ltd. $8.2 million for a 39,614-sf car rental facility sitting on 70.33 acres two miles southwest of Orlando International Airport.

MIAMI-The Framington, MA-based general contractor expects to complete construction on the 294-unit La Posada in Palm Beach Gardens, FL by spring 2003. Greystone Communities Inc. of Irving, TX will plan and manage the project with its owner, Westport Senior Living.

GRESHAM, OR-The Gresham City Council this week approves a $17.3 million tax break for Arizona-based Microchip Technology, which has agreed to pay $183.5 million for Fujitsu's idled 200-acre chip plant here, and Fujitsu says it will exercise its option for an accelerated closing that would seal the deal by the end of the month.