SAN DIEGO-The banking group's chief economist says the MBA believes the recovery is under way and the US is headed for economic growth. Rising rates for home mortgages will have implications for apartment investors.

DAYTON, OH- Glimcher Realty Trust of Columbus, OH closes a new permanent mortgage for the Mall at Fairfield Commons here. The loan replaces variable rate debt that was scheduled to mature in the next 15 months.

ATLANTA-Far from being categorized as a robust market, the city's 80,000-room hotel inventory, nevertheless, is showing signs of improvement but won't be on solid ground until 2004 and 2005, a new Marcus & Millichap study shows.

TAMPA, FL-Flagship Investments of Boston and New York is the new owner of the 100%-leased, 69,217-sf shopping center facing the Gulf of Mexico on Florida's west coast, about 40 miles north of the city. The deal took only 75 days to complete.