NEWTOWN SQUARE, PA-The provider of student and military housing plans to offer 28.6 million shares of common stock on the NYSE under the symbol GCT. Underwriters estimate the stock opening at between $13 and $15 a share.

HANOVER TWP., PA-Known primarily for redevelopment, the Port Washington, NY-based retail REIT announces plans to build an approximately 95,000-sf center anchored by a Giant supermarket, which has inked a 20-year lease with renewal options.

PHILADELPHIA-LJ Melody arranges the fixed-rate financing for New York-based Valhal Corp., owner of the five-story, 301,595-sf mixed-use, retail/office property. Constructed as a warehouse in 1929, it was redeveloped in 1989 and is 98% leased.

ALLENTOWN, PA-The automaker moves into 210,000 sf of a build-to-suit that adds 25% more space to its northeast distribution hub here within Westpark Business Center. During construction, ProLogis acquired the original owner, Keystone Property Trust.

LAKEWOOD, NJ-Lightstone plans to double its outlet mall segment and quadruple its full-price mall portfolio.

BETHLEHEM, PA-The 11,160-sf building near the newly expanded Lehigh Valley Hospital-Muhlenberg Complex here is being marketed for about $175 per sf. It contains a full-service pharmacy, exam rooms, x-ray facilities and nurses' stations.

WYOMISSING, PA-To satisfy new slots legislation, Penn National sells the racetrack on 400 acres in Wilkes-Barre and off-track wagering operations in five towns. The Tribal Authority plans to build a $175-million slots facility at Pocono Downs.

LAKEWOOD, NJ-Lightstone plans to double its outlet mall segment and quadruple its full-price mall portfolio.