National

NEWARK-Summit Associates will break ground in 2008 for the new development on a 42-acre site recently acquired from Coca-Cola.

LOS ANGELES-With the subprime consequences on full display in the housing market, experts hypothesize what it will mean for the multifamily market.

NEW YORK CITY-An Ernst & Young straw poll this summer found the No. 1 concern among respondents is the fear of an economic recession and the impact on fundamentals.

DUNMORE, PA-A newly formed company leases 148,448 sf, and Power & Telephone Supply Co. takes 54,171 sf in Equilibrium Equities' two-building property.

BUFFALO, NY-The sale includes the chain's remaining stores in New York and Pennsylvania.

TOLEDO, OH-The Carlyle Group has pledged to pay $67 per share for the company, which has 500 nursing, rehabilitation and assisted living centers.

NAPERVILLE, IL-The 270,000-sf Springbrook Prairie Pavilion, being developed by Bond Cos. and MDC Properties, is more than 60% preleased.

SEATTLE-Jim Claeys, a former top multifamily producer with CB Richard Ellis, is running the local operation and will direct the expansion south into the Portland.