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NEW YORK CITY-Metro New York/New Jersey and California will offer the best multifamily buys over the next five years. Areas to avoid are the Rust Belt and the South, particularly Central and Northern Florida.

HAYWARD, CA-An distributor of Asian food has expanded its warehouse space from 24,000 sf to more than 35,000 sf in Hayward Industrial Park.

DENVER-One of the largest apartment REITs in the country has disposed of $910 million of non-core assets this year in markets including Southern California, the San Francisco Bay area, Texas and Arizona.

ORLANDO-RF Micro Devices of Greensboro, NC, partnering with locally based Cirent Semiconductor, gets the tax rebate money from Orange County only after it has paid more than $1.6 million in local taxes. The firm also gets $20,000 cash.

SCHAUMBURG, IL-The pharmaceutical giant takes space in Hines Interests LP's 425 N. Martingale Rd. in this northwest suburb. Meanwhile, Navigators Management Co. opens an office at 2300 N. Barrington Rd. in neighboring Hoffman Estates.

DULUTH, MN-The 20,000-sf center formerly occupied by United Health Care will be the eighth location for the Minnetonka, MN-based credit card marketer. The center opens in October.

DALLAS-All but 25,000 sf to 30,000 sf of the 860,000-sf American Airlines Center will be done in time for the July 28 grand opening. The original $230-million project cost is now $420 million, but it's an "apples to oranges" comparison.

PORTLAND-The Dallas-based chain landed its first Oregon franchise last week when owners of the Red Roof Inn near Portland International Airport officially switched allegiances.