UNION TOWNSHIP, PA—Clarion Partners and MRP Industrial have begun construction of Building B at Gateway Logistics Park, a class A, 500,000-square-foot speculative project located in Union Township, Lebanon County, PA.

SPRINGFIELD, PA—As part of its ongoing portfolio repositioning, Pennsylvania Real Estate Investment Trust has sold its 50 percent interest in Springfield Park, an open air center located in Springfield, PA, for $20.2 million.

SUMMIT, NJ—Wood Partners has opened an office in Summit, NJ, where the firm's newly named vice president of development, Peter B. Lijoi, an attorney and 32-year Summit resident, is spearheading the firm's efforts to acquire sites permitting the construction of multifamily housing ranging from 150 to more than 500 homes.

PARSIPPANY, NJ—Inventory remains tight and tenants are searching farther afield for quality New Jersey industrial space, Transwestern says in its second-quarter industrial research report.

JERSEY CITY, NJ—The firm could bring an additional 2,100 jobs to Jersey City if the NJ Economic Development Authority's board approves nearly $19 million worth of tax incentives for the financial services firm.

PHILADELPHIA, PA—PREIT has dialed up AT&T Mobility as the latest tenant for its recently acquired property, 1501 Walnut Street, in the heart of Center City Philadelphia.

JERSEY CITY, NJ—Strategic Capital, the US-based investment platform of China State Construction Engineering Corporation, the world's largest construction company, has acquired two residential development sites in Jersey City totaling 1.85 acres along the Hudson River.

MARLTON, NJ—The Southern New Jersey commercial real estate market has shifted into high gear, with new leases and renewals running about three times higher than last year, according to a second quarter market analysis produced by Wolf CRE, a South Jersey broker.