PHILADELPHIA-The developers will demolish the long-vacant buildings on the 131-acre site of the former state hospital to build Eagle Pointe, a community of 398 age-restricted senior housing units and 750,000 sf of office space.

ALLENTOWN, PA-Allentown Economic Development Corp. will take title to surplus land at Allentown State Hospital and sell it for senior housing development. The state and city will split proceeds 80/20, respectively.

PITTSBURGH-In its second expansion in Butler County within a year, the medical device manufacturer announces plans for a 120,000-sf facility in Victory Road Business Park. Its $28-million corporate center is under way.

WILLOW GROVE, PA-While the state continues attempts to keep a National Guard flying unit at the base, US Sen. Rick Santorum promotes it as a communications headquarters under the Defense Department's streamlining plan.

SHENANDOAH, PA-In a transaction valued at approximately $7.9 million, Cedar assumes $3.9 million of debt on the 72,000-sf community shopping center. It also issues 270,000 Cedar operating units to the seller.

PITTSBURGH-To fund the relocation and expansion of some office tenants at 650 Washington Rd., the owner obtains $10.7 million from Principal Commercial Funding at a fixed rate of 5.91% for a 10-year term.

MAPLE GROVE, MN-Rose Arbor, a 179-capacity senior living community, is leased to Capital Senior Living Corp. for 8% of Louisville, KY-based Ventas Inc.'s $19.1-million acquisition cost. The facility is 98% occupied.

CHICAGO-Fitch Ratings warns that commercial real estate values in coastal areas may suffer from insurers' efforts to reduce exposure to hurricane-prone areas. Since June 1, premiums have risen from 25% to 400%.