Multifamily

OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.

LONDON-Occupier demand for commercial property is undoubtedly softer. <I>UK Quarterly Market Beat</I>, Healey &amp; Baker's latest review of the UK market, holds mixed news for those looking to property as a bellwether of the wider economy

TAMPA, FL-Steve Green of Green Realty Management, White Plains, NY, paid Howard Shiffman of Davna Investments, Largo, FL, $5.6 million in an all-cash deal for the 92%-occupied, 188-unit Ashley Square Apartments, 5505 N. Hines St., Tampa.

CHICAGO-Developers of a proposed 24-unit building at Madison Street and Homan Avenue line up $1.6 million in no-interest, 32-year mortgage financing in addition to historic rehab and low-interest housing tax credits.

WHITE PLAINS-The Seltzer Group of New York City has paid $3.8 million for a small parcel of land in downtown White Plains and plans to build a $30-million rental housing development there.

NEW YORK CITY-With its first building here nearly complete, the developer works with a local development organization on the final design for the second phase of Avalon Riverview. At question is whether the completed complex should comprise two or three structures.

MIAMI-The Coral Gables, FL-based commercial and residential developer has named Tom Gillette regional manager to handle day-to-day operations and manage the company's 1,100-acre Bartram Springs residential project at Phillips Highway (U.S. 1) and Racetrack Road in Duval County.

SEATTLE-Rising vacancies, falling rents and a prediction for net-out migration in Seattle this year. A study just released by Paragon Real Estate Advisors says the downtown apartment market may be overbuilt--for the first time ever.