Philadelphia

GLEN MILLS, PA-Red Rocks Group acquires the 25-building, 22-year-old complex for $168,032 a unit with plans to renovate all units and add amenities.

PHILADELPHIA-A local buyer grabs aging multifamily assets in East Falls and West Mount Airy with an aggregate of 131 units for $6.6 million.

HAVERFORD, PA-Four years after being selected to redevelop the 209-acre former Haverford Hospital site, the Pohlig/Goldenberg JV begins demolition.

ALLENTOWN, PA-The 30,500-sf building was fully leased at the time of the sale. The tenant is downsizing, and the new owner will move into the vacated half.

PHILADELPHIA-The hospitality REIT takes full ownership of the 250-room asset at 1301 Race St., which it bought in a joint venture in January 2006.

VALLEY FORGE, PA-The three-story class A building at 800 Adams Ave. will be Valley Forge Corporate Center's first new building in five years.

PHILADELPHIA-Having dropped plans for a Bell Atlantic sister tower, Verizon sells the 1.5-acre parcel at 1800 Arch St. to Walnut Street Capital.

COOLBAUGH TWP., PA-The Arcadia North parcel, which sold for $163,666 an acre, can accommodate a warehouse/distribution center of up to 1.4 million sf.