MIAMI BEACH-Maria Hernandez, formerly with Codina Group, is named director of development for South Florida Commercial Property Group of LNR, a post that will not change with Riley Group's pending acquisition of LNR.

DANIA BEACH, FL-Five low-rise buildings in the 2.5-acre gated complex contain 27 townhouse-style condo units from 1,852 sf to 1,925 sf. Prices range from the low $300,000s to low $400,000s. Completion is scheduled for late this year.

PHILADELPHIA-At 3.8%, the city's apartment vacancy rate ranks sixth of 42 markets in Marcus & Millichap's National Apartment Report. Jeffrey Algatt of the local M&M office says, "once-blighted areas are now hotbeds of activity."

PHILADELPHIA-With $4.2 million in a mix of private and public financing, Greater Germantown Housing Development Corp. refinances the retail and office center at Chelten and Wayne Avenues and consolidates its offices there.

BOCA RATON, FL-With a renovated atrium lobby, new fitness center and upgraded suites, the seven-story, 200-suite former Radisson hotel at 7920 Glades Rd. within the 22-acre Downtown business center here reflags as Hilton Suites Boca Raton.

WEST PALM BEACH, FL-Montecito Investment Co. buys the 15-story, 186-unit apartment building at 616 Clearwater Park Rd. with plans to convert the property to condominiums.

WEST PALM BEACH, FL-Montecito Investment Co. buys the 15-story, 186-unit apartment building at 616 Clearwater Park Rd. with plans to convert the property to condominiums.

READING, PA-A Redner's Market anchors the 112,119-sf shopping center at 1183 Berkshire Blvd., which was completed in 1992 and is 100% leased. The buyer can also purchase an adjacent 120,000-sf freestanding Wal-Mart shadow anchor.