Pennsylvania
Meridian Arranges $513M Refi for Harbor Group
Meridian Capital Group arranged $513 million in financing to refinance eight multifamily properties included within the Beacon Portfolio in Maryland, Virginia,… Read more
Americold Pays $480M for NJ Portfolio
Atlanta-based Americold Realty Trust recently acquired South Plainfield, NJ-based Hall’s Warehouse Corporation from the Jayne family for $480 million. The… Read more
Ventas, GIC Form JV on Research & Innovation Centers
Ventas, Inc. has formed a joint venture with GIC that will initially own four in-progress university-based research & innovation (R&I)… Read more
Spear Street Brings Equiem Platform to Loop Tower
San Francisco-based Spear Street Capital has tapped leading global property technology company Equiem to roll out its tenant engagement platform at 225… Read more
Weitzman Hires CRE Veteran as Acquisitions Director
Dallas-based Weitzman is significantly expanding its investment properties platform with a key new hire and the expansion of the firm’s… Read more
Rebecca Humphrey Takes Lead on Savills Workplace Team
Rebecca Humphrey, EVP of MACRO, A Savills Company, has been appointed Workplace Practice Group leader for Savills North America. She’ll oversee… Read more
Modway Expands West Coast Distribution Footprint into Hesperia
Modway Inc. plans to establish a new distribution operation in San Bernardino County. The distributor of living, dining, bedroom, outdoor,… Read more
Berkadia Secures $19M Financing for Senior Living Community in Maryland
Berkadia has secured a $19.1 million forward commitment to provide tax-exempt permanent financing for Suitland Senior Apartments, a 137-unit senior… Read more
Pandemic Ramps Up Already-Strong Life Sciences Demand
The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine,… Read more
Exeter Snags San Jose R&D Facility for $36M
Conshohocken, PA-based Exeter Property Group acquired 1710 Automation Parkway in San Jose from Soma Capital Partners and Atlas Real Estate… Read more
Kevin Scott Joins CRG to Lead Activities for Logistics Fund
Kevin Scott has joined CRG, the real estate development and investment arm of Chicago-based Clayco, as VP of investments and developments… Read more
First Ever Modular Apartment Building in D.C. Breaks Ground
Real estate development company Community Three and project partner Rooney Properties have broken ground on Modo, Washington D.C.’s first modular… Read more
Family Office Set to Pay $430M for McDonald’s Headquarters
A high-net-worth family office based in Pittsburgh is finalizing a deal to buy the McDonald’s headquarters building for $430 million, the biggest… Read more
FCPT Forms $150M JV with Lubert-Adler
Mill Valley-based Four Corners Property Trust (FCPT) formed a strategic venture to invest up to $150 million with Lubert-Adler Real… Read more
JRM Construction Adds Team Members in NJ, NYC
New York City-based JRM Construction Management has added Sean Galvin as chief estimator in the firm’s Carlstadt, NJ office, Antonina… Read more
SIOR President-Elect Patrick Sentner on Working—and Networking—Remotely
By Paul Bubny As COVID began rearing its ugly head and stay-at-home orders began, SIOR Global was forced to cancel… Read more
Silicon Labs, STRATIS Partner on IoT for Apartments
Austin-based Silicon Labs and Philadelphia-based STRATIS have collaborated on a new smart home solution built specifically for apartment complexes. The STRATIS 3.0 Gateway (STRATIS… Read more
Aimco Forms $10B MF REIT, Closes $2.4B JV
Denver-based Apartment Investment and Management Company (Aimco) plans to separate into two publicly traded companies, Apartment Income REIT (AIR) and… Read more
Loan Delinquencies Skyrocket as Student Housing Occupancies Are Displaced
The start of the 2021-2021 academic year has been a back-to-campus scene like no other, replete with “temperature checks, signs… Read more