CHICAGO-Major shareholder Howard Amster's Pleasant Lake Apts. Limited Partnership will pay Horizon Group Properties Inc. $11.5 million for a 49% interest in nine outlet centers totaling 1.8 million sf.

MIAMI-The company bought 10 acres at Dolphin Commerce Center from Swerdlow Group for more than $6.5 million, or about $650,000 per acre. Plans are to develop two 80,000-sf to 90,000-sf, class A office buildings there.

HARRISBURG, PA-The combination of loans and tax credits from the state housing finance agency jump-starts French Creek Manor, a three-story complex in Phoenixville, PA. On completion, its value will be $8.4 million.

DENVER-The building will be a five-story structure, with three floors of office space, plus retail on the first floor. Notable local architect David Tryba is designing it.