PHILADELPHIA-Thomas P. MacManus is named executive vice president of the Horsham, PA-based commercial mortgage company's proprietary lending group. He succeeds James A. Dalton, who was recently promoted to president of GMAC commercial mortgage operations in Europe.

PHILADELPHIA-With help from the city and state, Bala Cynwyd, PA-based American Business Financial Services is coming to town, relocating to locally-based Amerimar's 15-story, 91-year-old landmark at 1300 Market St. and bringing occupancy to 97.3%.

PHILADELPHIA-Aventis Behring, the Germany-based global supplier of plasma products, expands its US headquarters at the Maschellmac Office Complex owned by King of Prussia, PA-based Brandywine Realty Trust.

PHILADELPHIA-Despite the downsizing of many major Lehigh Valley office tenants during first-half 2002, much of the sublease space was absorbed in third quarter. The vacancy rate dipped from 16% to 15.68%, according to research from Trammell Crow's local office.

PHILADELPHIA-The New York firm partners with two families to acquire the 15-year-old shopping center off Roosevelt Blvd. here. It is approximately 35% vacant. Current tenants include Shop Rite grocery, Burger King and a US Postal Service office.

PHILADELPHIA-There are pockets of promise in the central CBD office market, according to third-quarter research from the local Trammell Crow office. Activity in Market Street East outpaces Market Street West, and tenants shift from trophy properties to class-A space.

PHILADELPHIA-The city's average retail rents increased $0.19 per sf in 2002 and will add 2% more in 2003. The vacancy rate will peak at 9.3% in 2003, according to research by the local Marcus & Millichap office.

PHILADELPHIA-The King of Prussia, PA-based hospital management company announces plans to acquire the Alaska-based behavioral health system. It consists of a 74-bed hospital and 34-bed residential treatment center in Anchorage along with a nine-bed residential treatment center in Palmer, AK.