JENKINTOWN, PA-The REIT reports a profitable Q2 but is still 'working diligently' to hike value. Analysts hedge bets on a buy-out.

JENKINTOWN, PA-The REIT reports a profitable Q2 but is still 'working diligently' to hike value. Analysts hedge bets on a buy-out.

PITTSBURGH-Boston-based Cresa Partners enters the city through an affiliation with Alliance Real Estate Associates. Dick Cassetti, Alliance's founder, becomes the local Cresa team's managing director.

NEWTOWN SQUARE, PA-The GMH student housing division acquires the 179-unit College Manor in San Diego for $37.5 million and adds the 24-unit Jacob Heights III in Mankato, MN.

BENSALEM, PA-An area developer acquires the 40,775-sf office building at 3325 Street Road for $4.3 million, following the exit of two tenants.

PHILADELPHIA-Less flashy than other East Coast markets, a mid-year report shows that the combination of low vacancy rates, rising rents and stable fundamentals continue to attract out-of-state investors.

LANCASTER, PA-Cogdell Spencer is developing and will own the 52,800-sf facility on the Lancaster General Health Campus and lease it to an operating JV.

CAMP HILL, PA-In its first foray into Pennsylvania, California-based Hager Pacific buys the 2.2-million-sf, 11-building Arnold Logistics portfolio for nearly $41 per sf.