Real Estate Rumors: Metropolitan, Lincoln, Scion

Law360 (July 24, 2020, 6:15 PM EDT) -- The Township of Whitpain in Montgomery County, Pennsylvania, has reached a deal to pay $8.2 million for a recreational facility, the Philadelphia Business Journal reported Friday. The township is buying Mermaid Lake Swim Club from Metropolitan Development Group, which had been planning to build 52 single-family homes there, and following the purchase, the property will remain a recreational facility, according to the report.

Lincoln Property Co. has started construction at a Waltham, Massachusetts, life sciences property, the Boston Business Journal reported Friday. The company has partnered with MetLife Investment Management for the 140,000-square-foot project at 300 Third Ave. and has landed...

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