PALM BEACH, FL-An affiliate of Fort Lauderdale-based BBX Capital Corp. has acquired the PGA Professional & Design Center retail property here for $5.6 million.

INDEPENDENCE, OH-Duke Realty Corp. has sold five office buildings here to a unit of Five Mile Capital Partners LLC of Stamford, CT for $62.4 million.

NEW YORK CITY-Real estate investor Billy Macklowe has closed on the $62.5-million purchase of the 156 William St. office building here.

WALLKILL, NY-Pratt & Whitney will be investing approximately $140 million in leased space at 225 Tower Drive here to build-out state-of-the art manufacturing space for its new Pratt & Whitney Technical Coating Systems operations.

HOUSTON-Although the project has not been embraced by neighbors, locally-based developer Hines has begun site-clearing work on its planned office tower in the River Oaks section of the city.

BALTIMORE-Millennial Media is significantly expanding its presence at the Can Company building here.

COLUMBIA, MD-Locally-based Costello Construction got the green light last week from the Howard County Planning Board to build a nine-story mixed-use project on the downtown lakefront here.

DELRAY BEACH, FL-The Delray Square 1 shopping center, anchored by grocer Publix, is headed for the auction block later this month.