Multifamily

CHICAGO-Mayor Richard M. Daley wants the Millennial Housing Commission, appointed by Congress, to push for a 40% jump in the federal Home Investment Partnerships Program so city's such as his can build new rental housing.

SCOTTSDALE, AZ-JPI of Irving, TX has hawked its 539-unit Jefferson at Scottsdale for $54 million in a record-breaking price for the region. The $100,185 per unit price is $26,645 higher than the average.

NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.

ATLANTA-Fourth quarter funds from operations at America First Apartment Investors of Omaha, NE are up 13% increase from the comparable 1999 period. American First Apartment Investiors owns the 226-unit Retreat in Atlanta and the 260-unit Park Trace in Norcross, GA.

WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.

SAN DIEGO-A San Diego-based developer has executed a joint venture and financing agreement on its condominium property near Rosarito Beach in Baja California.

SAN DIEGO-A lethal combination of over-regulation and NIMBYism is hobbling attempts to solve California's escalating housing crisis, according to builders.

KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.