WYOMISSING, PA-Despite drops in revenue at its Pennsylvania and New Jersey racetracks and a new Illinois gaming tax, the casino owner's third-quarter revenues were $316.1 million, up from $174.4 million in third quarter 2002.

KING OF PRUSSIA, PA-John Morrissey, Pete Davisson and Lou Battagliese, who went separate ways following Insignia's 1998 purchase of Philadelphia's once-prominent Jackson-Cross Co., reunite to form Jackson Cross Partners.

PHILADELPHIA-The locally based REIT that specializes in commercial real estate financing offers two million shares of common stock at $22.75 a share. An over-allotment of 300,000 shares could add $6.5 million to net proceeds.

HARRISBURG, PA-Legislation that offers a menu of tax credits and other incentives for the purchase and restoration of historic commercial buildings in the commonwealth sails through the House unopposed and heads for the Senate.

PHILADELPHIA-Geat-Ju, a local private real estate investment partnership, pays in excess of $1.8 million for the 24,800-sf warehouse, showroom and office building at 462-80 North 4th St. in Old City.

PHILADELPHIA-The 10-year, fixed-rate refinancing for the landmark at Independence Square--one of the city's most notable architectural gems--was arranged by New York-based Sonnenblick-Goldman Co.

BLUE BELL, PA-BET Investments, headed by Bruce E. Toll, an owner of the luxury residential builder, beefs up its 1.5-million-sf Philadelphia-area commercial portfolio with the 167,484-sf property vacated by Tyco's Yarway subsidiary.

PHILADELPHIA-In a sign of the times, a sublease totaling 28,561 sf in the Sun Oil Building on Walnut Street is being offered through July 2007 at a bargain rental rate of $15--approximately $5 per sf below market value.