SCRANTON, PA-The Montage Mountain Ski Resort that sold for $5.1 million in July, has now been formally appraised at $4.3 million.

PHILADELPHIA-Arora Engineers of Chadds Ford pays Wilmington, DE-based Northeast Financial Corp. $5.88 million or about $223.72 per sf.

PITTSBURGH-General Motors Corp.'s estimated 500,000-sf, 56-year-old metal-stamping auto parts plant in suburban West Mifflin could wind up as a retrofitted center in 2007.

PITTSBURGH-General Motors Corp.'s estimated 500,000-sf, 56-year-old metal-stamping auto parts plant in suburban West Mifflin could wind up as a retrofitted center in 2007.

PHILADELPHIA-The Federal Home Loan Bank of Pittsburgh is providing grants for the development of affordable housing units in Philadelphia, Chester, PA and Lindenwold, NJ.

PHILADELPHIA-The oldest generic drug manufacturing company in the US also has an option in its five-year lease to buy the 65,000-sf structure at the 136-acre, 30-building Byberry Industrial Park.

A growing number of investors are using self-directed, tax-deferred individual retirement accounts to own commercial real estate, according to mortgage bankers and real estate tax lawyers interviewed by DEJ. However, some experts say the pros of using IRA accounts to acquire real estate may be outweighed by the cons.

SAN ANTONIO-The REIT is constructing a 64,000-sf, $4.22-million distribution build-to-suit for Dal-Tile Corp. in its Arion Business Park.