MINNEAPOLIS-The multifamily vacancy rate hovers in the low- to mid-2% range as population growth continues. However, a number of new projects are under construction, and a change in property tax law may spark more building.

GENOA TOWNSHIP, MI-Uni-Boring earns a $750,350 grant from the Michigan Economic Development Corp. to install water and sewer at the rural property in a growing Livingston County township.

NORTH MIAMI BEACH, FL-The locally based real estate investment trust also reports a 13.6% increase in second-quarter net income and a 24.3% increase in total revenue.

LOS ANGELES-The mid-price lodging giant, sponsored by locally based Hilton Hotels Corp., introduces a new type of facility geared toward communities with 10,000 or fewer residents. Many of the inns will be on the West Coast.