PHILADELPHIA-PNC Bank's BlackRock Financial Management returns from Wilmington, DE to take 8,500 sf in Brandywine's new trophy. Meanwhile, in an unrelated transaction, the Historical Society of Pennsylvania sells its 75,000-sf Center City building.

PHILADELPHIA-Mayor John Street and Stephanie Naidoff, City commerce director, pick this team from an initial field of five to redevelop the 131-acre, long-vacant site of the state mental institution in the Somerton section of Northeast Philadelphia.

WEST CHESTER, PA-Berwind Property Group sells the 111,451-sf office/lab/warehouse on Lawrence Drive for just over $13.9 million. It acquired it vacant in third-quarter 2003 for $7.2 million and quickly inked a 10-year lease with Animus Corp.

HYATTSVILLE, MD-PREIT's transformation of Prince Georges Plaza into The Mall at Prince Georges is one of three redevelopments underway.

PHILADELPHIA-Local developer Ron Caplan and Lubert Adler Partners invests $30 million to renovate a long-vacant Franklin Square eyesore into MetroClub Condominiums with units being offered for between $250,000 and more than $800,000.

PHILADELPHIA-The cereal chain is moving into the Philadelphia area. Now the company looks toward Chicago and Boston for expansion.

EASTON, PA-Calling this area "booming," the chairman of acquisitions for the Illinois-based REIT announces it acquired the 90,300-sf, Giant Food-anchored neighborhood shopping center at 301 Town Center Blvd. near here for $18.9 million.

JENKINTOWN, PA-Within weeks of acquiring an aggregate of 388 properties encompassing 15 million sf from Wachovia and Bank of America for over $1 billion, American Financial Realty Trust recovers $61 million from the sale of four properties.