PHILADELPHIA-Taberna Europe CDO I PLC is believed to be the first issuance of a European CDO backed primarily by debt issued by real estate companies in Europe.

HARRISBURG, PA-The hotel REIT's parent company buys and totally renovates a former nursing home at N. Front Street and what is now called Hersha Drive.

HARRISBURG, PA-The Commonwealth Financing Authority approves a combination of loans and grants from PennWorks for nine projects in eight counties.

CHESTER, PA-During a period of high demand for multifamily assets, J&B Elberon Properties acquires the Walnut Chestnut Park apartment complex for $47,826 a unit.

CAMP HILL, PA-A Springfield owner of two area retail assets adds the Harrisburg West Shopping Center to its portfolio. The center is about 80% leased.

WARRINGTON, PA-In a $1.9-million sale, the 18,648-sf 1950s industrial building that turned into a popular skating rink, then a dance studio, becomes a retail showroom.

PHILADELPHIA-A strengthening of the suburban office sector begins to deplete class A properties. As the tenant base expands, once-languishing submarkets gain steam.

HARRISBURG, PA-Four college and university communities obtain KIZ designations. Now they can attract tech-related start-up companies.