FORT LAUDERDALE, FL-After acquiring a six-building, 53-unit rental property for $3.4 million 18 months ago, the buyer obtains a $4-million loan to renovate and convert units to condos at an average selling price below $140,000.

PHILADELPHIA-Participants in a program hosted by Central Philadelphia Development Corp. cite continuing residential growth and deem the office market better than expected. They see job growth and tax reform as vital to sustaining momentum.

ROYAL PALM LAKES, FL-For its second Florida multifamily acquisition from GDC Properties within a month, the condo converter obtains financing of more than $42.7 million to buy and convert the 232-unit Courtney Village.

PHILADELPHIA-The US attorney's office here files charges alleging that Leonard Ross, a former fundraiser for Mayor Street, used his position as chairman of the committee to select a developer of Penn's Landing for financial gain.

POMPANO BEACH, FL-For $7 million, Taylor Woodrow picks up the Seacastle Motel site next to its earlier $7.5-million acquisition of Villa Mar Inn to make way for a 16-story, 50-unit condo with units priced above $1 million.

LIMERICK, PA-The Las Vegas-based co-owner of Atlantic City's Borgata acquires a site alongside Chelsea's planned Philadelphia outlet center.

LIMERICK, PA-The Las Vegas-based co-owner of Atlantic City's Borgata acquires a 125-acre site alongside Chelsea Property's planned Philadelphia Premium Outlets center and joins the competition for a Pennsylvania gaming license.

LIMERICK, PA-The Las Vegas-based co-owner of Atlantic City's Borgata acquires a 125-acre site alongside Chelsea Property's planned Philadelphia Premium Outlets center and joins the competition for a Pennsylvania gaming license.