Pennsylvania
iBorrow Lends $52m on Temple U. Student Housing
Direct lender iBorrow has provided a $52-million loan secured by The Edge Student Village, a 798-bed, 12-story building in Philadelphia. The property provides housing for students of Temple… Read more
Investcorp Grows U.S. Industrial Presence with $640M Deal
Bahrain-based Investcorp has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an… Read more
Kids, Engineers Celebrate as LEGO Discovery Center Heads to Springfield
Philadelphia, PA-based PREIT’s Springfield Town Center has executed an agreement with Merlin Entertainments to open a LEGO Discovery Center in… Read more
Remedy, Kayne Anderson, MedProperties Form $350M JV for 23-Asset MOB Portfolio
Dallas-based MedProperties, Los Angeles-based Kayne Anderson Real Estate and Chicago-based Remedy Medical Properties have formed a $350 million joint venture… Read more
Hospitality Design Veteran Joins MCA as Operations VP
Hospitality design veteran Scott Durst has joined Mary Cook Associates’ executive leadership team as VP of operations. In this role,… Read more
Report: Austin Ranks as 4th Most Popular Metro for Millennial Homebuyers
A recent report from LendingTree found that Austin ranked as the 4th most popular metro in the nation for millennial… Read more
Multifamily Finance Specialist BWE Closes $90M SoCal Deal
By Ted Jackson Bellwether Enterprise Real Estate Capital LLC (BWE) has closed a $90-million permanent placement loan on a big Southern… Read more
H5 Data Centers Acquires Seven Properties from vXchnge
By Ted Jackson Edge data center and carrier hotel provider H5 Data Centers has acquired data centers located in Nashville, Philadelphia, Pittsburgh,… Read more
Sterling Bay, Harrison Street JV on Philly Life Sciences Development
Chicago-based Sterling Bay and Harrison Street and New York-based life sciences development firm Botanic Properties have entered into a joint… Read more
NYC Lags Northeast in New Housing Approvals
New York City approved less new housing per resident than any other Northeast city in 2020, the New York Post… Read more
Sam Zell’s EGI Partners with East Coast Warehouse
Equity Group Investments (EGI), Sam Zell’s private investment firm, has made an investment in East Coast Warehouse (ECW), a leading… Read more
Taurus Completes $424M Recapitalization of 58-Building Industrial Portfolio
Boston, MA-based Taurus Investment Holdings, LLC, has completed the $423.5 million recapitalization of a 58-building industrial portfolio totaling 3,962,339 square… Read more
PCCP Lends $500M on Massive Philly Redevelopment
PCCP, LLC provided a $500-million loan to Hilco Redevelopment Partners (HRP) for the redevelopment of the former PES oil refinery in Philadelphia.… Read more
Highwoods, Brand Properties JV to Develop $79M Office in Buckhead
Highwoods Properties, Inc., and Brand Properties, LLC have formed a joint venture to construct 2827 Peachtree, a 135,000-square-foot, multi-customer office… Read more
FirstService Residential Names VP in New Development
FirstService Residential promoted Jeffrey Poirot to VP of the New Development consulting and property management division. With more than 20 years of experience in… Read more
Square Mile Originates $195M for Philly Multifamily Acquisition
(Updated with additional information) Square Mile Capital Management LLC kicked off 2022 by originating a $195-million loan secured by 1500 Locust, a… Read more
IPA’s Nathanson Closes Deal for Philly-Area Neighborhood Center
Institutional Property Advisors (IPA), a division of Marcus & Millichap, finalized the sale of Warrington Plaza, an 87,581-square-foot, 100% occupied neighborhood shopping center… Read more
Marcus & Millichap Closes Sale of Indiana Storage Portfolio
Marcus & Millichap arranged the sale of A-Z Self Storage, a four-property self-storage portfolio located in La Porte and Plymouth, IN. Terms of the sale weren’t disclosed. SVP Sean… Read more
Pair of Fresh Leases Pushes Charles C. Blanton Building in DC to 100% Occupancy
Edge has brokered two leases within The Charles C. Blanton Building to elevate the seven-story, 100,000-square-foot office property in Alexandria,… Read more