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MORRISTOWN, NJ-Matzel & Mumford, a K. Hovnanian subsidiary, has gotten the nod from this city's redevelopment agency to build a new community of 76 residences near George Washington's 1779 headquarters.

DANBURY, CT-CB Richard Ellis reports Fairfield County experienced a negative absorption of 164,562 sf in the second quarter of 2001, which was a slight decrease from the first quarter. This follows a decrease in vacancies in the first quarter.

NEW YORK CITY-Dubbed the Think Tank, the 12-person panel--made up of commercial real estate professionals--will provide commentary on news reports covered on the site, advise GlobeSt.com editors on coming trends and issues and serve as featured columnists.

DENVER-AmeriVest Properties, the office REIT that focuses exclusively to small- and medium-sized tenants, hopes to raise nearly $14 million. The money could pay down debt or be used to acquire properties.

TIGARD, OR-Northern California's third largest multifamily investment firm made its first investment outside its home state this week, agreeing to acquire the 156-unit Panorama West Apartments here for $6.15 million.

DALLAS-A second-quarter analysis shows multifamily demand slipping ever so slightly in the Dallas-Ft. Worth region. The big picture is rent growth remains on the rise and construction is slowing as northeast Tarrant County emerges as the newest hotspot.

DETROIT-A public hearing is held on rezoning for a college technology park and the New Amsterdam project. The multi-phase project would include $44 in new development, including an industrial park.

LONDON-The Greater London Authority is urging developers to dig boreholes under new buildings to help lower London's rising water table. The Basements of some large office buildings are already under threat of flooding.