AUBURN, AL-The wholly-owned subsidiary of Charlton, MA-based FiberCore Inc. is receiving $1.1 million in free land from the city of Auburn, $20 million in loans from the Retirement Systems of Alabama and local/state tax credits worth an additional $20 million.

CORAL GABLES, FL-Steve Nostrand, Codina's director of mortgage and investment banking, says that by serving as a correspondent for the Birmingham-based lender, Codina's Real Estate Services Group can offer competitive Fannie Mae loans for affordable multifamily housing projects.

BURNSVILLE, MN-Shawn Knoth is assigned to an Apple Valley, MN, mixed-use project, while Daniel Fabisiak will work on housing developments in Hudson, WI.

LONDON-The first business day of the new year saw euro notes and coins in the pockets of 300 million European consumers yesterday. Property has been traded in the common European currency for the past three years but the final adoption of the new currency poses challenges for the property markets, say agents.