ST. PAUL, MN-A $2.3-billion budget shortfall has legislators looking for places to cut back. However, backers say the proposed $120-million Northstar light rail commuter line is more cost-effective than $1 billion for new roads.

CHICAGO-The Westpointe Apartments, Ridge Pointe Crossing and Ridge Pointe Crossing West multifamily rental complexes in St. Louis are refinanced with a $56.6-million mortgage in the low 7% range, while $40 million in loans are obtained for four senior housing communities.

ANN ARBOR TOWNSHIP, MI-Former Dominos Pizza owner Thomas Monaghan's plan to combine his former offices with Ave Maria College is rejected by township planning commission.

AUSTIN-The Austin-based audiobook chain is in the midst of due diligence to take over an audiobook distributor. Earful of Books is mum about the deal, but the "economies of scale," says the CEO, is well worth it.