ORLANDO, FL-The 240-unit Seminole Ridge Apartments community here has changed hands for $12.5 million.

AURORA, IL-New York City-based TGM Associates has acquired the 600-unit former Chesapeake Landings rental apartment complex here from Denver-based AIMCO.

PHILADELPHIA-Calling the project “transformational,” developer Bart Blatstein, showed off his completed $70-million renovation of the State Office Building here.

PHILADELPHIA-Developer Bart Blatstein, calling the project “transformational,” showed off his completed $70-million renovation of the State Office building here.

NEW YORK CITY-A person familiar with the plan reports that Morgan Stanley has plans to trim its workforce by approximately 1,600 workers.

WASHINGTON-Eileen O'Grady Ramage was named CFO of the National Association of Home Builders here. She replaces succeeds Joe Barney, who is retiring after serving 15 years as the association's top financial officer.

NEWARK, NJ-Big M Inc., the owner of discount women's clothing store chains Mandee and Annie sez, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court here.

PITTSBURGH-National Real Estate Information Services will be laying off more than 200 workers here beginning next month.