Pennsylvania
Yardi Matrix April 2022 Report: No Multifamily Rent Slowdown
The U.S. apartment sector isn’t showing any signs of slowing down. According to Yardi Matrix’s April 2022 “National Multifamily Report,”… Read more
CushWake Arranges $368M Financing for Logistics Portfolio with Six MD Assets
Cushman & Wakefield has served as the exclusive advisor to an Ares Management Real Estate fund in the procurement of… Read more
Klein Enterprises Bags Portfolio of Nine Grocery-Anchored Retail Centers
Baltimore, MD-based Klein Enterprises has acquired of a portfolio of eight grocery-anchored shopping centers spanning MD and VA, plus one… Read more
Cedar Realty Trust Closes on $900M-Plus of Asset Sales Prior to Merger
Cedar Realty Trust has completed the previously announced sale of a portfolio of 33 grocery-anchored shopping centers and a redevelopment… Read more
Faropoint Trades 109-Property Logistics Portfolio for $481M
Investment firm Faropoint, focused on last-mile industrial properties in high population growth markets, has sold 109 institutional-quality, last-mile logistics buildings… Read more
Sealy & Co. Expands into Two New Markets, Des Moines and Pittsburgh
Dallas-based industrial real estate specialist Sealy & Company has entered into two back-to-back transactions totaling 369,812 square feet of Class… Read more
Allegheny Technologies Inc Ditching Pennsylvania for Dallas
The company, who is changing its name to ATI, is moving its corporate headquarters to Downtown Dallas. It’s the second… Read more
Target Will Backfill Former Sears at Macerich’s Danbury Fair
Macerich is bringing a new Target store to Danbury Fair, in Connecticut’s Fairfield County. The 126,000-square-foot, two-level Target store will… Read more
JLL Capital Markets Closes on Nationwide Portfolio of Grocery Anchored Retail Venues
JLL’s Capital Markets group has closed on the $278.153-million sale of a portfolio comprising eight grocery-anchored retail properties totaling 687,000… Read more
Life Sciences Growth Extends Beyond the Coastal Research Hubs
A new analysis from CBRE identifies the 25 top U.S. life sciences labor markets, ranging from established hotbeds like Boston to emerging hubs like… Read more
Dodge Momentum Index Up 7% in May on Non-Residential Construction Planning
The Dodge Momentum Index (DMI) jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. … Read more
Walmart Rolling Out Next-Gen Fulfillment Centers, Starting in Chicago Area
Walmart is rolling out four next-generation fulfillment centers nationally, with the first slated to open this summer in Joliet, IL,… Read more
Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County
An entrepreneurial, pickleball-playing couple and a group of private investors have signed a lease with May | Riegler Properties for… Read more
Breakthrough Properties in Big Philly Center City Life Sciences Redevelopment
Life sciences specialist Breakthrough Properties, a joint venture between developer Tishman Speyer and biotech financier Bellco Capital, has acquired and… Read more
Duke Realty’s Sheila Sutton on Supply Chain Challenges Facing Developers
It’s no secret that supply chain challenges have been added over the past couple of years to the speedbumps facing… Read more
Avison Young’s Foster and Wilson Broker Sale of Multi-State Industrial Portfolio
Avison Young has negotiated the sale of a national logistics portfolio across several states in the Midwest, South and Northeast… Read more
Yardi Matrix to CRE: “Slowdown in Multifamily Rents? Not Yet”
One month into Q2 2022, it seems as though the U.S. apartment sector isn’t showing any signs of slowing down.… Read more
Baltimore CVS Stores Part of $215M, 30-Property Refi for Paramount Realty
JLL has arranged $215 million for the refinancing of a 30-property portfolio that includes three CVS single-tenant stores in the… Read more
Morgan Properties Buys into the Build-to-Rent Sector
Morgan Properties owns over 345 apartment communities and 93,000 units. But up until last week, the Pennsylvania-owned company had never… Read more