MIAMI-The locally based homebuilder acquires the 258-unit rental complex at 4300 NW 107th Ave. from GDC Properties for $220,093 a unit. The asset was built in 1998 and is approximately 97% occupied.

PHILADELPHIA-University of the Arts plans a 22,000-sf performing arts center containing a 250-seat recital hall and a 100-seat theater. It will be the 16th and 17th floors of its Terra Hall building on S Broad and Walnut streets.

DORAL, FL-With construction of 130,000-sf Phase II under way, TA Associates Realty hands leasing of the 280,000-sf office park to Transwestern. Rates are rising, and the Airport West vacancy dropped from 18.9% a year ago to 13.6%.

PHILADELPHIA-AFIAA, an investment advisor for Swiss pension funds, picks up the 14-story, 195,000-sf office building at 1401 Arch St. B&A Investment Associates is the seller.

MIAMI-The 56-story condominium adds 47 live/work lower-level units to the initially planned 459. Tower unit prices reach to $1.4 million and one 5,082-sf work/live floor sold for $2.5 million. Sellout is projected to exceed $200 million.

NORRISTOWN, PA-JP Mascaro and Sons acquires GE's former 95,000-sf data center here. A software gaming company buys a 10,153-sf building in Glenside.

FORT LAUDERDALE, FL-As rental rates strengthen and condo conversion continues, private investors pick up small rental properties here and in Lake Worth and Hollywood. The six-unit Valentina Apartments here offers room for expansion.

READING, PA-The locally based company formed by Arthur Quinlan and Boscov's chairman pays approximately $8 million for the facility. It will become the Directlink Technology Center offering tech services and space to tenants and others.