NEW YORK CITY-Ariel Property Advisors reports it has brokered the sale of 500 Fort Washington Ave., a 56-unit corner walk-up building in Washington Heights, for $8.62 million to an unnamed private investor.

TAMPA- Phillips Edison–ARC Shopping Center REIT Inc. has acquired a portfolio of two Publix grocery-anchored shopping centers here.

TAMPA-The Ryan Companies and Christopher Daye say that they plan to break ground on May 1 on a new three-story, 80,000-square-foot office building at its Citrus Park Crossing property here.

ANDOVER, MA- Carter Validus Mission Critical REIT Inc. has acquired a 92,700-square-foot data center property here for $12 million.

MINNETONKA, MN-OneBeach Insurance Group has inked a 45,092-square-foot lease renewal and expansion deal at KBS Real Estate Investment Trust II's 601 Tower at Carlson building here.

WASHINGTON, DC-Ditto Residential and CAS Reigler are partnering on a project to convert the former Edmonds School on Capitol Hill into 20 condominium units.

FLORENCE, NJ-Construction has begun on what will be the new corporate headquarters for Burlington Coat Factory here.

PHILADELPHIA- After 18 months of construction, GlaxoSmithKline has the keys to its double LEED® platinum certified facility in Philadelphia's Navy Yard Corporate Center.