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

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.

JACKSONVILLE, FL-Taking advantage of today's historically low mortgage rates, the owners of the 33-year-old, 304-unit, 30-building Silver Creek and Desert Winds multifamily community in Jacksonville, FL plan to use part of the proceeds to pay off existing debt.

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.

ORLANDO-More consolidations and greater risk-taking face the industry, said James M. Murphy, chairman of the 2,800-member, Washington, DC-based Mortgage Bankers Association of America, at the 12th annual, commercial real estate finance/multifamily housing convention at the Walt Disney World Dolphin Hotel.

ORLANDO-Lockheed-Martin Corp.'s new 8,682-sf class A office lease in 100 Gran Park at South Park, south Orlando, brings the defense contractor's space to 71,387 sf in the one-year-old, 100,000-sf building being developed by Flagler Development Co. of St. Augustine, FL.

ORLANDO-Lenders are doing more deals now than a year ago with multifamily and industrial showing up as the favorite risk sectors and big-box and single-tenant retail at the lower end of the spectrum, brokers and owners tell GlobeSt.com. But the money men remain cautious on the more speculative deals.

ORLANDO-Lenders are doing more deals now than a year ago with multifamily and industrial showing up as the favorite risk sectors and big-box and single-tenant retail at the lower end of the spectrum, brokers and owners tell GlobeSt.com. But the money men remain cautious on the more speculative deals.