NEW YORK CITY-Compared to the S&P 500, the Dow and the Nasdaq, the Morgan Stanley REIT Index turned in an acceptable performance considering those other indices fell 12.7%, 8.0% and 26.6%, respectively.

LOS ANGELES-Lights may be dimming across Southern California, but the multifamily market keeps shining as a 204-unit apartment property fetches $21.8 million.

ST. PAUL, MN-Metro Council chairman Ted Mondale credits urban renewal and smart growth policies for population increases in Minneapolis and St. Paul. The growth of 29,000 in the '90s reverses longstanding trends.

LOS ANGELES-Neither firm will comment, but one former Cushman Realty exec says a deal is in the works. Rumors about a combination began spreading in brokerage communities on both coasts last week.