Pennsylvania
Innovation Center in Philly Navy Yard Sells for $61M
CBRE recently arranged the sale of Axalta’s Global Innovation Center in Philadelphia’s Navy Yard. Apex Capital Investments, a U.S.-based real… Read more
Jeff Palmquist Returns to Lead Leasing at Duke Realty in Nashville
Logistics property REIT Duke Realty has announced that Jeff Palmquist will return to Nashville as VP of leasing and development.… Read more
Piedmont Office to Pay $400M for Galleria Office Towers
Atlanta, GA-based Piedmont Office Realty Trust Inc. agreed to pay CBRE Global Investors $400 million to acquire the three Galleria… Read more
Greystone Provides HUD Refi on Pennsylvania SNF Portfolio
Greystone provided a total of $62,984,000 in HUD-insured loans to refinance a portfolio of five skilled nursing facilities in Pennsylvania.… Read more
ACR Goes for Efficiency in Philadelphia Relocation
Savills completed a 10,527-square-foot relocation for the American College of Radiology (ACR) at Coretrust Capital Partners’ Two Liberty Place in… Read more
Logistics Firm Takes 571K SF in Northern NJ Lease
Cushman & Wakefield arranged a 570,777-square-foot lease at the former Toys ‘R’ Us complex at 703 Bartley-Chester Rd. in Mount Olive,… Read more
Dallas Ranks First for Industrial Demand and New Supply
Dallas/Ft. Worth is North America’s top market for both industrial demand and new supply, says Cushman & Wakefield. North Texas… Read more
Philly High-Rise Garners $143M Financing
JLL Capital Markets arranged financing totaling $142.6 million for The Hamilton, a core Class A, two-phase, 576-unit high-rise apartment building in Center City,… Read more
Prologis’ $13B Acquisition of Liberty Property Trust Completed
San Francisco-based Prologis, Inc. (NYSE: PLD), completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13 billion. The transaction expands Prologis’… Read more
Quarters Plans Second Co-Living Location in Philly
Co-living provider Quarters unveiled plans for its second Philadelphia location. The 113,700-square-foot, 239-bedroom ground-up development will be located at 1201 Callowhill… Read more
Chicago Ranks in Top 10 for Largest Industrial Leases
Although the food & beverage industry significantly expanded its share of the largest 100 U.S. industrial & logistics leases by… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Greystone, Rittenhouse JV on Northeast-Focused Platform
Greystone, a New York City-based commercial real estate lending, investment and advisory company, and Philadelphia-based Rittenhouse Realty Advisors, have combined… Read more
Kroger, Ocado to Develop 350K-SF Fulfilment Center in Maryland
Grocery chain Kroger and online grocer Ocado have announced plans to develop a 350,000-square-foot customer fulfillment center in Frederick, MD.… Read more
Berkadia Arranges Recap on Princeton-Area Rentals
Verde Capital Corp. and its joint-venture partners Kushner Real Estate Group (KRE Group) and Oxford Realty Group recapitalized Deer Creek, a 288-unit rental… Read more
Quarters Adds Two Brooklyn Co-Living Sites
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will… Read more
CXP Completes Sale of Westinghouse’s Pittsburgh-Area HQ
Columbia Property Trust (CXP) completed the $180-million sale of Westinghouse Electric Company’s global headquarters in Cranberry Township, PA, a suburb… Read more
Medipower Snares Grocery-Anchored Retail in Philly Suburbs
Marcus & Millichap’s Institutional Property Advisors (IPA) arranged the sale of Centre Square Commons, a 88,598-square-foot grocery-anchored specialty retail shopping… Read more
RFR’s Claffey Joins Ashkenazy as Leasing Lead
Ashkenazy Acquisition Corporation appointed Jordan S. Claffey as EVP, property leasing and development. Claffey will lead leasing and marketing for… Read more