BOCA RATON, FL-Lehman Realty Services acquires franchise rights to operate as Prudential Commercial Real Estate Solutions, an affiliation aimed at pushing deeper into the commercial sector. Meanwhile, Summit Mortgage opens a fourth South Florida office.

BOCA RATON, FL-Lehman Realty Services acquires franchise rights to operate as Prudential Commercial Real Estate Solutions, an affiliation aimed at pushing deeper into the commercial sector. Meanwhile, Summit Mortgage opens a fourth South Florida office.

PHILADELPHIA-As developer interest in riverfront land increases, Gov. Ed Rendell seeks a temporary halt to legislation requiring the state to transfer its property along the Delaware River to private entities. Gaming could lift prices.

MIAMI LAKES, FL-A local private buyer pays the Philadelphia-based owner $189 per sf for the 73,830-sf Miami Lakes Corporate Center. The fully leased office building is at 14750 NW 77th Court, which fronts Palmetto Expressway.

PHILADELPHIA-Changes are announced for two area companies' boards of directors. PREIT names Joseph Coradino to replace retiring Jonathan Weller, and Liberty Property Trust adopts a majority vote standard for the election of trustees.

JUPITER, FL-As the South Florida retail vacancy drops below 6%, properties trade at new highs. A 12,290-sf CVS drug store here commands $553 per sf, and a 9,817-sf center in Pembroke Pines trades for $308 per sf.

PHILADELPHIA-During a forum on Center City's office sector, the tax, which costs Downtown office tenants about $5 per sf, is seen as a barrier to new office development. Gaming revenues could bring relief.

PHILADELPHIA-During a forum on Center City's office sector, the tax, which costs Downtown office tenants about $5 per sf, is seen as a barrier to new office development. Gaming revenues could bring relief.