WASHINGTON, DC-A new Starwood Capital study identifies ways for investors to compare foreign real estate investments against a US benchmark rate of 20%. Borrowing by foreign governments and land use controls factor heavily in the outcome.

LOS ANGELES-Fannie Mae and California strike a deal to save more than 23,000 subsidized apartments from converting to market rental rates.

DENVER-First Industrial Realty Trust is capping the first of four buildings in a 146,000-sf project at Westminster's Technology Center. The structures are being given neighborhood- friendly facades.

MIAMI-Codina Construction has started a 140,000-sf build-to-suit office/industrial facility for the locally-based distributor in Beacon Station at Gran Park here. The estimated hard construction cost is $14 million. Completion is expected by next September.