WEST PALM BEACH, FL-Following the exit of a tenant that occupied a third of the office complex at 1665 Palm Beach Lakes Blvd., a new owner upgrades and inks leases for over 20,000 sf within a month.

EAST NORRITON, PA-A private investor sells the 32,180-sf building at 1055 Germantown Pike for nearly $1.9 million. In an unrelated transaction, Castelroyan Co. buys 11 acres in the Trainer business center for a 30,000-sf spec building.

HARRISBURG, PA-The Business in Our Sites program, a component of Gov. Rendell's economic stimulus package, digs into its $300-million pool of grants and loans to seed plans for 15 development projects in as many counties.

BOCA RATON, FL-Acknowledging that same-store occupancy underperformed expectations in 2004, the multifamily developer/manager's 2005 outlook anticipates modest improvement in the coming year based on job growth projections and reductions in new supply.

MIAMI-The strip center on US 1 obtains a $5.2-million, fixed-rate loan that has a 15-year term and 25-year amortization. The interest rate is undisclosed. Thomas D. Wood and Co. arranged the financing from lender Genworth Financial.

FISHER ISLAND, FL-John and Daniel Melk sell all interests in the island-enclave's residential development program, inventory of for-sale condos, yacht slips, and equity and annual memberships in the club to London-based Euro Fund Properties.

PHILADELPHIA-The four-building, 667,500-sf portfolio consists of properties that an area broker confirms were components of American Realty Financial Trust's earlier acquisitions from Wachovia and Bank of America, which puts BPG's price tag at $45 million.

PHILADELPHIA-For an aggregate rental in excess of $1.8 million, the insurance company's corporate financial services group renews its lease for 16,159 sf on the top floor of the 32-story building just acquired by Transwestern Properties.