PHILADELPHIA-First Industrial and CalSTERS' $950-million fund doles out $8.2 million for the building located on 13 acres in Northeast Industrial Park. It is currently 30% leased, and the new owner plans extensive renovations.

NORTH MIAMI, FL-Tarragon Realty sells the 4.5-acre rental complex at 15205 NE Sixth Ave. for $77,431 a unit. It was built in 1967 and is 100% occupied. Not surprisingly, the new owner plans a condo conversion.

COCONUT CREEK, FL-In separate transactions between unrelated buyers and sellers, Preserve at Coconut Creek and Florida Club at Coconut Creek sell to area condo converters for $50 million and nearly $45.9 million, respectively.

COCONUT CREEK, FL-In separate transactions between unrelated buyers and sellers, Preserve at Coconut Creek and Florida Club at Coconut Creek sell to area condo converters for $50 million and nearly $45.9 million, respectively.

LANGHORNE, PA-Roach Properties breaks ground for Building IV, a 32,000-sf class A office structure, the last planned for the 11-acre Cornerstone Suites. Approximately 7,000-sf of condo space remains available in Building III.

PLYMOUTH MEETING, PA-Construction of Hill at Whitemarsh begins on a 96-acre site at Thomas Road and Lafayette Hill. It will contain 266 residential units for active seniors plus 28 assisted-living and 60 skilled-nursing units.

SUNRISE, FL-Without disclosing the price, Stiles Capital Group says it arranged $55 million in acquisition financing for the transaction from Met Life. The 12-building campus contains an aggregate of 646,369 sf in three building types.

SUNRISE, FL-Without disclosing the price, Stiles Capital Group says it arranged $55 million in acquisition financing for the transaction from Met Life. The 12-building campus contains an aggregate of 646,369 sf in three building types.