CARTERET, NJ–Carteret Mayor Dan Reiman helped cut the ribbon today on a luxury rental complex on lower Roosevelt Avenue, as part of Kaplan Companies' continuing, sweeping redevelopment of the neighborhood.

CUMMING, GA—The Brannon Crossing Shopping Center here has changed hands in a deal valued at $15 million.

ARLINGTON, VA—KBS REIT is negotiating a deal with the ground lessor as well.

NEW YORK CITY—While bank lending has surged beyond the pre-crisis level, construction finance is making a slower recovery.