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LOS ANGELES-A locally based LLC sold the 129-unit complex to an LA-based partnership. The property, built in 1965, was 95% occupied at the time of sale.

NEW YORK CITY-The urge to merge strikes again. EdificeRex.com, Insignia Financial Group's Internet portal, has merged into New York Metro. This is the second "phase" of Insignia's internet strategy.

ORLANDO-Couple appeals a dismissed seven-year lawsuit which alleges their granddaughter stole their prime two-acre tract by forging the husband's name to a deed and selling the dirt to Universal Orlando for $500,000 per acre ($11.48 per sf). The husband paid $500 per acre (one cent per sf) 42 years ago.

WESTBOROUGH, MA-The state considers developing affordable housing at the campus of a former reform school here. Selectmen from this town recently allowed the state's economic development agency to evaluate the property and develop a master plan for the project.

WASHINGTON, DC-The drop is the first since 1Q 2000, when the delinquency rate was at 3.74%. By the end of the year it had climbed to 4.5% but now has dipped to 4.37%.

SAN DIEGO-The state commission Tuesday will weigh in on plans to develop about 360 acres of the Naval Training Center property near Lindbergh Field. Commission staff members are recommending denial.

SAN FRANCISCO-Chief executive Bradley P. Griggs tells GlobeSt.com Mark A. Petersen, who brings 16 years of experience from Security Capital Group, Archstone Communities and Essex Property Trust, will have between $50 million and $100 million with which to make acquisitions this year.

LOS ANGELES-Building owners and manufacturers here will be among the first to receive sophisticated utility meters designed to manage power use more efficiently, Governor Davis says.