PHILADELPHIA-Dranoff Properties broke ground Wednesday on Southstar Lofts, its third luxury residential development along Broad Street's "Avenue of the Arts.

SOMERVILLE, NJ-The long-delayed development of housing and retail on a 30-acre site next to the rehabbed train station here has won a committed developer, Somerset Development.

BERNARDS TOWNSHIP, NJ-Murray Construction Co. invested in renovations and upgrades to its Liberty Corner Executive Center, and held on to Hitachi, a tenant since 2005.

WEST NEW YORK, NJ-Two 36-unit rental buildings are being marketed - as a package for $22.5 million, or separately - in Hudson County, where the rental vacancy rate is very low.

BRIDGEWATER, NJ-During 2012, the KRE Group says it managed to shrink overall vacancy at its properties, on the strength of expansions by several office and industrial tenants.

PRINCETON, NJ-Chambers Street Properties has acquired a full interest in 17 commercial properties around the Midwest, South and Southwest, in which it had already held a majority interest as part of its joint venture with Indianapolis-based Duke Realty Corporation.

PARSIPPANY, NJ-The 350,000-square-foot Morris Corporate Center IV complex where Pfizer and Evonik Degussa were tenants is being marketed by Cushman & Wakefield for its new owner, MetLife.

TRENTON, NJ-Legislation to overhaul the state's business incentives program will hibernate while state b