BETHLEHEM, PA-As retail heats up in the Lehigh Valley, Morris Bethlehem Associates raises $47 million to buy and another $37 million in permanent financing for the 248,948-sf, 96%-leased shopping center on Freemansburg Ave.

MIAMI-Boston-based Cabot Investment Properties obtains a $19.7-million loan to acquire the three-building complex, which aggregates 242,445-sf and is 90% leased. The new owner plans capital improvements and hires CBRE as leasing and managing agent.

PHILADELPHIA-The actor, a Philadlelphia native, abandons plans for a hotel/retail complex on the 1.5-acre parcel on the outskirts of Society Hill and sells the land to locally based Sant Properties, which plans to build a condominium.

MIAMI-Dolphins' owner, H. Wayne Huizenga, says there are plans to rename Pro Player Stadium and begin a three-phase renovation and expansion, funded entirely with family funds, to reinforce the Dolphins' brand and attract world-class events year-round.

MIAMI-Dolphins' owner, H. Wayne Huizenga, says there are plans to rename Pro Player Stadium and begin a three-phase renovation and expansion, funded entirely with family funds, to reinforce the Dolphins' brand and attract world-class events year-round.

CORAL SPRINGS, FL-Under new ownership, the 78,000-sf, 15%-occupied shopping center, acquired by LNR for $8.5 million, will triple in size and obtain a 185,000-sf Super Target. LNR is also offering ground leases on four outparcels.

CORAL SPRINGS, FL-Under new ownership, the 78,000-sf, 15%-occupied shopping center, acquired by LNR for $8.5 million, will triple in size and obtain a 185,000-sf Super Target. LNR is also offering ground leases on four outparcels.

PHILADELPHIA-Benbrooke Realty Investment Co. buys the 223,562-sf shopping center from Crown Life Insurance for redevelopment. Built in 1989, Franklin Marketplace is 38% occupied and neighbors Franklin Mills, a 1.8-million-sf outlet mall operated by Mills Corp.