REDWOOD CITY, CA- Irvine Apartment Communities is building a 206-unit complex on just over four acres near the downtown area, which is undergoing redevelopment. The project should be finished by the end of next year.

NEW YORK CITY-The low default rate of commercial mortgage-backed securities, well below that of corporate bonds, is attributed to the diversification offered by multiplicity of assets, borrowing entities and tenants.

FORT LAUDERDALE, FL-Four buildings, from 36 years to 44 years of age with a near-ocean location commanded a selling price of $6.75 million or $179.78 per sf. But that's not the end of the story. Ten years ago, the same properties, totaling 37,546 sf, went for $6.85 million or $182.44 per sf. The assets are 30 miles north of Downtown Miami.