BOCA RATON, FL-Beginning with five recently acquired Florida multifamily properties, the partners form CondoMax USA, designed to take condo-conversion nationwide and fill a void for affordable units to sell for between $99,000 and $149,000.

MERION STATION, PA-A California developer pays nearly $5.6 million for the 31-unit, fully occupied apartment building at 212 Idris Rd. The property was built in 1925, and the buyer plans conversion to condos.

PHILADELPHIA-The global chemical supplier ends widespread concern that it might relocate. It will not only retain the 400,000-sf building adjacent to Independence Mall that it commissioned in the 1960s, but it will also invest $25 million in renovations.

PALM BEACH, FL-Revenues for the hotelier rose 21% for 2005 and FFO increased 57%. Revenue per available room reached $73.21 in the fourth quarter, driven by an average daily rate of $103.42, signaling rising business and tourist demand.

JENKINTOWN, PA-Bolstered by $151.1 million in the fourth quarter and $39.8 million in revenues from its 2005 acquisitions, the specialty REIT's full-year revenues from continuing operations hit $520.3 million, up $200.5 million over the year before.

FORT LAUDERDALE, FL-Complete fourth-quarter 2005 data awaits a restatement of financials for Bluegreen Corp. in which Levitt has a 31% stake. Revenue for the homebuilding division dropped from $111.6 million in the third quarter to $103.5 million.

MIAMI-Tri-Star Systems, which heads the 12-unit Chick-N-Grill chain and Gelato Caffe, has retained celebrity Chef Bruno to develop and franchise restaurants under his name. A first dual-branded unit opens in Miramar this May.

MIAMI-Tri-Star Systems, which heads the 12-unit Chick-N-Grill chain and Gelato Caffe, has retained celebrity Chef Bruno to develop and franchise restaurants under his name. A first dual-branded unit opens in Miramar this May.