PHILADELPHIA-Following a series of appointments, the commercial real estate finance arm of Horsham, PA-based GMAC establishes an office of the chairman and promotes two executives to top spots in the new office, described as the lending company's "senior decision-making body.

PHILADELPHIA-In two separate transactions, three small multifamily rental buildings totaling 41 units, are sold. The 24-unit West Club in Chester, PA sells for $18,375 a unit while buildings totaling 17 units near Borough Park in Pottstown, PA command $40,295 a unit.

PHILADELPHIA-The local office of Reilly Mortgage arranges a 10-year Freddie Mac loan for the 100-acre residential community in Lancaster, PA. It was built in the early 1970s and consists of 72 apartments in three mid-rise buildings and 328 townhouses.

PHILADELPHIA-Richard F. Smith Jr. moves up to Oncor manager of the Wayne, PA-based company specifically to provide Philadelphia-based clients with real estate services in metropolitan areas around the world. He joined Smith Mack in December 2000.

PHILADELPHIA-Another large tenant, the locally-based Post & Schell law firm, moves from One Liberty Place to Four Penn Center, taking the 38-year-old, 525,000-sf property that was recently renovated by owner, Boston-based Leggat McCall, to better than 50% occupancy.

PHILADELPHIA-The Lancaster, PA-based financial services firm teams up with Landmark Abstract, Inc., also of Lancaster, to form a full-service settlement company that provides title and lien searches and commercial real estate title insurance in four Pennsylvania and two Maryland counties.

PHILADELPHIA-The recently opened Lehigh Valley office of the Princeton, NJ-based broker will market 9755 Commerce Circle, a warehouse/distribution facility in New Smithville, PA, owned in joint- venture by Bethlehem, PA-based Arcadia Properties and Parsippany, NJ-based Prudential Real Estate Investors.

PHILADELPHIA-An affiliate of Mt. Laurel, NJ-based Freedman & Co. buys 438,500-sf Colonial Commons for approximately $28 million. The 11-year-old center is 74% leased and has a vacant, 98,100-sf former Montgomery Ward store. Current tenants include Blockbuster Video, AMC Theaters, and Giant Foods.