REISTERSTOWN, MD—The arbitrate between the cap rate of the acquisition and the cap rate at which the pad sites could be sold for was between 200 to 300 basis points, Dean Zang tells GlobeSt.com's Erika Morphy.

BALTIMORE, MD--Work has started on 414 Light St., in Baltimore, according to Lendlease, the company tapped to provide construction management services…

NEWTON, MA—A joint venture partnership of Angelo, Gordon & Co. and Jumbo Capital Management has acquired a two-building office complex here on Wells Avenue in a deal valued at $62.3 million.

LANCASTER, PA—The Kislak Company recently arranged sales of four multifamily properties with 493 housing units in Lancaster, PA for $41.6 million.