Multifamily

PHOENIX-The 483-unit Sunplace Apartments brings in $9.9 million for its Las Vegas seller, who is reinvesting proceeds from multifamily sales into its hotel properties. Bigelow's Desert Star is on the market for $11.9 million.

CHICAGO-No homeowners would be displaced, nor additional parcels acquired under a tax increment financing proposal for an area between the 4100 blocks of Drexel Boulevard and Cottage Grove Avenue.

HOUSTON-New owner Sterling American has slid in a new property manager and is fine-tuning renovation plans for the complex at 9301 Dairy View Lane in Houston. Repositioning is in order since rent averages just $542 per month.

ALBUQUERQUE-Occupancy stands at 92.4% in a city with 16,825 units in 68 properties. It's a 0.6% drop from fourth quarter 2001 and 1.7% under last year's first quarter total. The slight decline could stall permitting, says RealFacts.

WASHINGTON, DC-Members of the multifamily housing industry petition Congress for what they say are much-needed changes to the Section 8 Housing Choice Voucher Program.

ORLANDO-The vacation rentals and timeshare booking service is adding 498 condominium units to its management/marketing portfolio with the signing of Maesbury Homes Inc.'s 116 rental condos on Lake Davenport. The value of the contract wasn't disclosed.

MINNEAPOLIS-Burns International Security Services officers three-day training sessions on working with Somali and Muslim residents in Minneapolis Public Housing Authority buildings in the wake of allegations of hate incidents, discrimination and mistreatment.

SHARON, MA-The local conservation commission sponsors a plan to seize a 347-acre parcel here, known as Rattlesnake Hill, by eminent domain. The town had attempted to purchase the site last year but the proposal was defeated at the polls.