PHILADELPHIA-The Malvern, PA-based real estate company issues 10-year senior unsecured notes at 6.375% through its subsidiary, Liberty Property Limited Partnership. The notes are due in 2012 and are priced to yield 6.436% interest. They carry an S&P BBB rating.

PHILADELPHIA-Pittsburgh-based Rubinoff Co. is developing the 228,000-sf building on the North Shore, which is expected to be completed in January. Alcoa committed to 113,000 sf prior to groundbreaking and recently added 43,000 sf. Rubinoff will relocate to the center.

ATLANTA-While sources close to the deal aren't talking value, GlobeSt.com insiders reveal that the 10-year sign-up approaches $4 million. Not surprisingly, special telecom arrangements are part of the package.

ATLANTA-After two seasons, Dolly Parton's second park, based in Pigeon Forge, TN near Dollywood, breaks ground for Soaker Springs, an interactive water attraction for small children, and Mountain Twist, a three-slide water complex, both designed by Canada-based ProSlide Technology.

PHILADELPHIA-As part of a two-property transaction, the UK-based maker of

PHILADELPHIA-A joint venture between New York-based Praedium Group and Narbeth, PA-based CK Properties sells a 14-building, 172,000-sf office park in suburban King of Prussia, PA to locally based Berwind for approximately $98.80 per sf. The property is 91% occupied.

ATLANTA-Overall vacancy at the end of the second quarter was 14%, up from the 10.1%-rate for the same period a year ago, according to Ryan D. Clutter of the Charlotte office of CB Richard Ellis Inc.

PHILADELPHIA-Horsham, PA-based GMAC Commercial Mortgage Corp. has arranged fixed-rate permanent financing through the Freddie Mac Program Plus for locally-based 1700 Associates. The 12-story, 68-unit building is located on restaurant row in Center City and is a certified historic structure.