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CHICAGO-Fannie Mae reports it is having "an awesome year" in loan production but even that company concedes there are challenges ahead in 2001 as the pace of business accelerates while some markets soften.

LAS VEGAS, NV-The Walnut Creek, CA office of Colliers International has secured the property management contract for a power center in Las Vegas. The city has maintained a 2.1% retail vacancy rate through the first three months of the year.

PALMER, MA-Local activists here in this small town 70 miles west of Boston want state lawmakers to advance bills that would permit casino gambling in the state. This town has been hard hit economically and believes a casino here could help it with its financial troubles.

LOS ANGELES-A unit of the Cleveland-based development giant will build a $50-million, 230-unit loft apartment complex near Staples Center. The project will bring sorely needed housing to the central business district.

ST. PAUL, MN-A compromise proposed by Gov. Jesse Ventura breaks a stalemate that could have shut down state government last weekend. Multifamily rental property owners get a 25% tax cut.

MISSION VIEJO, CA-The lifestyle and entertainment center has sold for $28 million, despite being valued at nearly twice that price. Put on the auction block in Autumn 2000, the complex was 70% leased at the time of sale.

PORTLAND-With $16.5 million in new financing, Serveron, formerly Micromonitors, plans to select a spot in the Sunset Corridor over the next 10 days from which it can grow to 50,000 sf within 18 months and to 150,000 sf over the next few years.

WASHINGTON, DC-Sens. Kent Conrad, D-ND, and Don Nickles, R-OK, introduced a Senate bill that would let owners depreciate the cost of improvements in non-residential residential buildings from 39 to 10 years.