PORT ST. LUCIE, FL—K&J Residential Group has secured $32.5 million in HUD financing from New York City-based Greystone to refinance its Kitterman Woods luxury rental apartment property here.

PHILADELPHIA—Work will begin next week on a $9-million project that will expand Drexel University's nurse-managed health center in North Philadelphia.

TRENTON, NJ—The state's Council on Affordable Housing released its court-ordered set of rules regarding the number of affordable housing units that should be available for low-income residents of each New Jersey municipality.

CLARKSBURG, MD—Paraphrasing an old Monkees' song, Tanger Factory Outlets Centers Inc. is taking the last train out of Clarksburg.

CHEVY CHASE, MD—Locally-based The JBG Cos. has launched a new multi-million dollar real estate fund.

BEAVER, PA—The Friendship Ridge nursing home here has been sold by Beaver County to a private consortium for $33.5 million.

WESTHAMPTON BEACH, NY—Rechler Equity Partners have broken ground on its commercial, medical and technology development here called The Hampton Business District at Gabreski.

PHILADELPHIA—Now that a deal to sell the Atlantic building property to McLean, VA-based Jefferson Apartments has reportedly been abandoned, owner Post Brothers says it will move forward with plans to convert the property to multifamily.