NEWARK, DE-One Liberty Properties, a New York-based REIT that specializes in acquiring net-leased single-tenant properties, purchases the 23,500-sf structure at 106 Geoffrey Dr. for its portfolio in a $4.6 million deal.

UPPER MARLBORO, MD-The upgrade and expansion project for the Prince George's County Correctional Center sprints toward completion with the start of Phase II of the two-part $7 million endeavor.

BALTIMORE-Marshall Management takes over operation of the 195-room Mount Vernon Hotel on behalf of neighboring owner, Baltimore International College. Marshall intends to reposition the nearly century-old property.

BALTIMORE-The $80-million Centerpoint project makes significant progress toward completion with the recent topping out of the 17-story apartment tower, a residential portion of the massive mixed-use endeavor on the city's West Side. All construction is expected to be finished sometime next summer.

RANDALLSTOWN, MD-The Wylie Funeral Home expand beyond Baltimore with the development of a new 11,000-sf location in Randallstown. The state-of-the-art facility will cost $3 million to develop and is scheduled to open next March.

ARLINGTON, VA-With county officials signing off on the $75-million project, the team will create a 316,000-sf office, retail and residential complex that allows for the preservation of two historic structures.

GLEN BURNIE, MD-Petrie Ventures starts an $8 million redevelopment of the 410,000-sf Glen Burnie Mall. Upon completion of the work in 2004, the center will feature a 125,400-sf Target store, as well as two new restaurants.

ARLINGTON, VA-There's more revitalization in store for government property as the GSA settles on architect/engineer team to head the upgrading and enlargement of the George P. Shultz National Foreign Affairs Training Center.