SECAUCUS, NJ-The controversial $450 million transit project, being developed by a firm that began by erecting billboards, has been limping along, with lenders having been slow to commit.

CHICAGO-The retail REIT's response to the Internet threat to bricks-and-mortar retail ends up in a write-off of up to $65 million. Retailers are under less pressure now to jump on the high-tech bandwagon, GGP officials say.

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PORTLAND-A Cushman & Wakefield Financial Services report says 2001 rents in the Portland region are expected to rise after nearly two years of remaining relatively flat, making Portland once again attractive to multifamily investors and developers.