NEW YORK CITY-The slump may not go away quickly, but that leaves the door wide open for the right play, say directors of the locally based opportunity fund.

MORTON GROVE, IL-An 84-unit, eight-story luxury multifamily building is the first phase of The Woodlands of Morton Grove, a condominium and townhome development near this near north suburb's Metra depot.

WASHINGTON, DC-The nation's largest provider of home financings will redeem 17 securities before their maturity dates, totaling $1.585 billion. The maturities are slated for July 9 for the principal amounts plus interest.

LONDON-Chesterton International's facilities management division has won a five-year outsourcing deal with telecoms giant Cable & Wireless.