ORLANDO-Sluggish demand and mountains of sublease space translate to tighter guidelines, but prime existing and redevelopment projects can still qualify for 7% money, mortgage bankers tell GlobeSt.com.

NEW YORK CITY-The Manhattan-based REIT, which expects to spend $985 million in real estate during the next two years, has secured $31.1 million in mortgage financing on five properties in Tampa, FL and Mechanicsburg, PA.

SAN DIEGO-A partnership headed by Newport Beach-based Argus Realty has purchased a 195,540-sf distribution project in Otay Mesa for nearly $12 million, according to brokers familiar with the talks.

NEW YORK CITY-The local industrial market will be the first to come out of the current industry-wide slump, followed by the office and retail sectors, real estate analysts say.