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PHOENIX-In a tight market with little room to build, local assets can rent for premium prices.

WASHINGTON, DC-The three-story, mixed-use building brings the investment firm's local holdings to over 500,000 sf of property worth about $50 million. UrbanAmerica specializes in acquiring and developing properties in low- to moderate-income communities.

WASHINGTON, DC-For most of the past 17 years he worked for Fannie Mae where he served as chief administrative officer; SVP, communications; SVP, human resources and training; and in other posts.

TRENTON-It's politics as usual in the Garden State as Newark's proposed arena, the $150-million plan to redevelop Camden and Jersey City's ongoing rebirth all face new questions and obstacles.

CHANDLER, AZ-Chicago Madison LP has put up $8.2 million for 30 acres that had been ticketed for expansion by SpeedFam-IPEC. High-tech woes erode the plan and now the site is being readied for retail, office and industrial development.

ORLANDO-Arvida Realty Services hospitality specialist Robin L. Webb sees no panic-selling signs in the local lodging industry, even with occupancy rates down and room rates up at the luxury properties.

SECAUCUS, NJ-Delta Galil USA, a supplier to several major chains, will move its offices, showroom and design space to a location once occupied by Petrie Stores at Hartz Mountain's 150 Meadowlands Parkway.

LANSING, MI-The Troy, MI-based real estate firm handles the redesign of a former hotel in the state capital. The new hotel includes an open atrium architecture, fitness center and spa/sauna facility.