VIRGINIA BEACH, VA-Plans for the new 176-room Hilton Garden Inn continue to take shape as the project development team taps Crestline Hotels & Resorts Inc. to serve as the hotel's manager. The $20 million hotel is expected to open in November.

PHILADELPHIA-This is the larger portion of a six-mall acquisition, announced in March, that marks PREIT's conversion to a retail-only REIT and the largest retail property owner in Greater Philadelphia. Aggregate space of the four malls is 3.6 million sf.

MIAMI-He left his position as senior vice president of Terranova Corp. to become a partner and vice president for CREC. Esquenazi has more than 21 years' experience in the South Florida commercial real estate market.