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OAKLAND, CA-Aaron Klien and Charlie Janda have completed a $2.8-million refinancing of their Lake Merritt-are apartment complex through Arbor Commercial Mortgage. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.95%.

ROCHESTER HILLS, MI-After a legal battle, a Troy developer receives permission to rebuild Meadow Brook Village Mall into a 375,000-sf posh The Village of Rochester Hills retail center on a 15-acre site.

NEW YORK CITY-Midtown South suffered the most, with an influx of more than 830,000 sf. The vacancy rate there hit 8.3% while Downtown and Midtown rose to 5.6% and 6.3%, respectively. Overall asking rents slipped $1.36 per sf.

GAITHERSBURG, MD-The real estate development firm recently hired eight new staffers and announced one promotion. Scarfate comes to Buchanan Partners after 10 years at Microelectronic Packaging.

DENVER-At a time when many other telecom companies are trying to sublease unneeded space, Advantage Wireless more than doubles its space by signing a five-year lease for 31,759 sf at the Century Park project.

SAN DIEGO-Coffee will brew alongside coffee when a new Starbucks store opens on Newport Avenue at Bacon Street in Ocean Beach in the next couple of months. The Seattle-based coffee chain plans to fill a space once occupied by two coffee shops in the community, known as a counter-culture haven in the 1960s.

PHOENIX-California investor Joel McCloud has acquired the 58-unit Holridge apartments in the city's northern tier. He has paid $2.4 million or about $41,400 per unit to the Roseman Family Trust of Ambler, PA.

SAN MATEO, CA-The 86,000-sf building, known as 101 Ellsworth, is 45% preleased and scheduled for shell completion by mid-August. The developers are Glenborough Real Estate Trust and National Electric Benefit Fund.