MINNEAPOLIS-After several years of 10% rent hikes, next year will see average rents go up 2% to 3% percent, according real estate experts. Increased supply and a slowing economy will keep increases down.

ORLANDO-Locally based Zom Inc. opens the 22-story, 230-unit Waverly, 322 E. Central Blvd., at a development cost of $45 million or about $195,652 per unit, about equal to the construction value of luxury hotels.

ATLANTA-The two-building package in Ft. Myers, FL went for $18.95 million or $33,068 per unit. JBM Realty Advisors of Naples, FL handled the deal for buyer and seller.

SCOTTSDALE, AZ-Fender Musical Instruments is unpacking from a corporate headquarters relocation into 55,000 sf of the Chaparral Business Center, a 25-acre park on an Indian reservation. Three buildings are done and fourth's on the drawing boards.