PHILADELPHIA-For an investment of $19 million, Capital City Mall and New River Valley Mall join the REIT's redevelopment roster.

HARRISBURG, PA-Air Products expands near Allentown with $1.8 million in state grants. Nine counties share an additional $11.8 million for 13 development projects expected to create and maintain 2,330 jobs within three years.

PHILADELPHIA-Revenue per available hotel room in third quarter rose 10.7% for the hospitality REIT's full portfolio. The average daily room rate increased 11.8%. FFO rose 51.5%, and net income spiked to $2.3 million.

PHILADELPHIA-With double-digit same-store sales jumps in all three divisions, the retailer maps a restrained expansion plan.

NEWTOWN SQUARE, PA-The newly public REIT closes on a project involving more than 5,600 housing units at eight Navy installations encompassing 13 communities in five states. This is GMH's fifth military housing contract within 12 months.

PLYMOUTH MEETING, PA-Both locally based REITs had an active quarter. At Kramont, FFO rose and net income fell; Brandywine reports the reverse. For both companies, new rental rates rose while the rates for renewals fell slightly.

WYOMISSING, PA-The acquisition adds six casinos and a racetrack to Penn National's empire, creating the third largest US casino operator behind MGM Mirage and Harrah's. The $2.2-billion price tag includes assumption of $805 million in debt.

BALA CYNWYD, PA-Three tenants ink leases for the five-story class A building at One Bala Ave., taking it to 98% occupancy. Five tenants bring leasing at One Belmont Ave., the former GSB Building, to 86%.