PHILADELPHIA-The Doylestown, PA-based developer begins one of two planned class-A buildings targeted to mid-size companies. A three-story, 71,000-sf building will offer 23,000 sf on one floor. Completion is set for next year when groundbreaking for a second, 63,000-sf building is planned.

ATLANTA-Montgomery, AL-based B & M Management buys the newly constructed, 168-unit Arbors at Fairview Apartments in Simpsonville, SC for $62,723 a unit from an unidentified Greenville, SC-based developer.

ATLANTA-The Oak Brook, IL-based retail REIT has added another shopping center to its bulging Southeast portfolio with the acquisition of a newly completed 174,015-sf, 100%-leased center in Florence, Inland paid Brentwood, TN-based GBT Realty $110 per sf.

PHILADELPHIA-Harrisburg, PA-based Caldwell Development Corp. sells Giant Supermarket-anchored centers to Port Washington, NY-based Cedar Income Fund. Cedar expects to acquire another building for an additional $1.6 million.

PHILADELPHIA-Gov. Mark Schweiker followed up his recent designation of thePhiladelphia Museum of Art as a commonwealth treasure with $12.5 million for renovation and expansion of the 633,825-sf museum complex. The funds are being matched with city and private contributions.

PHILADELPHIA-Phoenix-based LandStar Inc. pays Solid Waste Authority of Central Ohio in Columbus $6 million to lease the land and buy equipment at the vacated energy facility on Jackson Pike Rd. and also pay SWACO $5 per ton of delivered tires.

ATLANTA-Locally based Sugar Mill Properties, LLC buys two, class-B, 52,500-sf buildings for about $43.81 per sf from F&M Property of Atlanta. The buildings were completed in 1985 and are 94% leased. Northwest Mortgage and Phillips Engineering are among the tenants.

ATLANTA-The locally based hotelier plans a $100M, 422-unit, 21-story flagship InterContinental Buckhead Atlanta on a 3.7-acre parcel it purchased from an undisclosed Germany-based seller on Peachtree Road in Buckhead for $65.15 per sf, the most expensive land deal this year in metro Atlanta, according to GlobeSt.com research.