PHILADELPHIA-While a 129% jump in funds from operations and a 135% spike in net operating income reflect PREIT's acquisition of 26 shopping malls from Crown and six from Rouse Co., same store occupancy also rose.

DOYLESTOWN, PA-The first of four 15,000-sf buildings planned for Lantern Hill, a 4.5-acre office park at Broad St. and Veterans Lane, is scheduled for completion in first-quarter 2005. Rental rate is $25 per sf.

FORKS TWP., PA-An out-of-state private REIT beats out seven other bidders to acquire the 84,000-sf, grocery-anchored shopping center on Sullivan Trail. The unidentified buyer pays Wargo Properties approximately $225 per sf.

PHILADELPHIA-Aided by the benefits of KOZ expansion, a local investor pays $1.4 million for a 60,000-sf building along the Schuylkill River. The site, across from a planned FedEx hub, permits expansion of up to 180,000 sf.

PHILADELPHIA-Berkshire Construction joins the city's condo boom with York Square at 4th and Vine streets. Prices range between $250,000 and more than $1.5 million. Completion is set for fall 2005 and 23 units are under contract.

PHILADELPHIA-A pension plan advisor, radio station, and home healthcare provider ink leases totaling 14,654 sf at 10 Shurs Lane, a three-story 74,000-sf former industrial building. The aggregate value of the leases exceeds $1.2 million.

PHILADELPHIA-"Parkominium," a six-story garage on North 2nd St., developed in joint venture between Realty Capital Advisors and private investors, will sell spaces for $35,000. The concept is seen as a local solution and an urban trend.

WEST CONSHOHOCKEN, PA-In a preliminary vote, shareholders of locally based Keystone Property Trust approve the company's merger with Denver-based ProLogis and affiliates of Easton Vance Management for $23.80 a share.