PHILADELPHIA-In an effort to help Slippery Rock University attract and retain more students, Gov. Mark Schweiker made a $2-million grant to Slippery Rock Development Inc. to revitalize the borough's business district. Total

ATLANTA-The Dallas office of Holliday Fenoglio Fowler arranged $4.6-million financing for the 170-unit, 25-year-old property which is 70% occupied with unit rents ranging from $455 to $695 per month.

PHILADELPHIA-Local officials are losing patience with Indianapolis-based Simon Property Group's stall on development of the $329-million Penn's Landing entertainment center. They are asking the developer, which was chosen

ATLANTA-The Arlington, VA-based REIT ends its joint venture with Nashville-based Opryland Attractions by buying out the remaining 33% of the 1.1-million-sf Opry Mills retail, entertainment property at Opryland. Mills pays $31 million in cash and assumes $56 million in debt.

PHILADELPHIA-Having just completed a 91,000-sf headquarters and manufacturing facility for Flexicon Corp. in Lehigh Valley Industrial Park VI, Bethlehem, PA-based J.G. Petrucci shops for up to 2.5 million sf of flex space over the next 18 to 24 months.

ATLANTA-At mid-year, Atlanta's office absorption stands at its lowest in a decade, according to Richard Bowers, president of locally based Richard Bowers & Co. Overall rental rates average $21.53 per sf. Buckhead leads the submarkets at $26.34 per sf.

ATLANTA-Area brokers tell GlobeSt.com New York Common Fund, an affiliate of New York-based Clarion Partners, hopes to get about $150 per sf for the 14-story, 276,000-sf office building at 5660 New Northside Drive in Fulton County.

PHILADELPHIA-The Port Washington, NY-based REIT completes due diligence on three grocery-anchored centers totaling 325,000 sf. It will pay approximately $82 per sf for two centers in Cleveland and another in Columbus. Closings await lenders' consent for the assumption of loans.