KING OF PRUSSIA, PA-An unnamed private LLC buys the fully leased, two-building complex at 420 and 440-80 Drew Court here. The sale price is undisclosed, but the property was initially offered at just under $8.3 million.

YARDLEY, PA-One of the area's largest homebuilders names Brad Haber director of land acquisition. He will focus on picking up parcels, including redevelopment and landfill areas, in metro Philadelphia and its 11 surrounding suburban markets.

HORSHAM, PA-By acquiring Caddo Creek Capital, which originates mortgages for TIAA, and a 50% interest in Hyperion GMAC Capital Advisors, GMAC Institutional Advisors adds $3.6 billion to its asset management portfolio.

BETHLEHEM, PA-Following construction of a 200,000-sf facility in Northgate II, the company will relocate its headquarters from an 80,000-sf owned property, but continue to occupy that building with staff now in leased space.

SCRANTON, PA-Just prior to closing on the purchase of the 151,100-sf property in the Mid-Valley Industrial Park here for about $10.59 per sf, Equilibrium Equities leases 68% of it to a third-party logistics company.

PHILADELPHIA-The acquisition adds 15 branches in the Greater Philadelphia market to its more than 350 in the state. In an unrelated transaction, Waypoint Financial buys two First Commonwealth branches.

PHILADELPHIA-With the sale of Fox Run, a 196-unit property in Warminster, PA and Will-O-Hill, a 190-unit apartment complex in Reading, PA to its JV partners, the REIT completes its conversion to retail only.

HARRISBURG, PA-The SEC filing to sell approximately 8.6 million shares is the hotel REIT's second signal in a week that it's gearing up to go shopping. It trades as HT on the AMEX.