ATLANTA-Harbison Court in Columbia, SC and Riverchase Promenade in Birmingham, AL are part of a five-property, $81.65-million package purchased from New York-based Lehman Brothers for an average $53 per sf.

ATLANTA-The Providence, RI-based financial firm is taking 37,000 sf at $20.50 per sf on the second floor of the 150,643-sf, class-A property in North Fulton county, bringing occupancy at the five-year-old building to 68%.

PHILADELPHIA-Locally based RAIT Investment Trust expands its board from six to seven, adding Arthur Makadon, chairman of the Philadelphia-based law firm of Ballard, Spahr, Andrews & Ingersoll. RAIT's second-quarter income rose 122%, and revenues increased 45%.

PHILADELPHIA-Two area real estate veterans join the Wayne, PA-based affiliate of ONCOR International. Kurt Montagano is named vice president at the company's Mount Laurel, NJ office, and Edward Piscopo becomes corporate marketing director, based in the firm's Wayne, PA headquarters.

PHILADELPHIA-Developers Diversified of Cleveland and New York-based Coventry Real Estate Partners team up to buy a five-property package, once owned by Texas-based Woodmont, from Lehman Brothers for $81.65 million. DDR

ATLANTA-Continuing its shopping spree throughout the Southeast, the Oak Brook, IL-based retail REIT pays $11.6 million for 68,934 sf of the 431,947-sf shopping center, co-anchored by Wal-Mart and Home Depot which occupy a total 351,000 sf.

PHILADELPHIA-For the fifth consecutive quarter, office rental space in the CBD experience negative absorption, according to principals at Trammell Crow's local office. Total office leasing activity in second-quarter 2002 is down 61% from 2001.

PHILADELPHIA-The ATM supplier will consolidate offices from Plymouth Meeting, PA and Mercerville, NJ under a 10-year lease at the Bucks County Technology Park. Terms were not disclosed, but the rental rate in comparable area properties is approximately $24.50 per sf.