Pennsylvania
FCP Buys Philly Luxury Rentals for $118M from J.P. Morgan
FCP acquired Edgewater, a 286-unit luxury high-rise apartment community in Center City Philadelphia, for $117.9 million from institutional investors advised by… Read more
Ventas Adds Schools in PA, MO to University-Based Business
Ventas is adding four new developments totaling approximately $800 million to its university-based Research & Innovation (R&I) business, all in… Read more
JLL Team Markets O-Zone Site in Philadelphia’s Fishtown
JLL Capital Markets has been retained by Grand Street Development and Kamson Corp. to market what is reportedly the largest… Read more
NAA: Clarity Needed Concerning Emotional Support Animals
“Service animals” conjure up the image of a well-behaved, well-trained dog, leading a visually-impaired person through a crowded store, or… Read more
Philly’s SugarHouse Casino Will Rebrand After Upgrades
Rush Street Gaming will rebrand SugarHouse Casino, Philadelphia’s first licensed casino, later this year after a series of property upgrades.… Read more
Investcorp Makes $370M Portfolio Buy from Equus Capital
Bahrain-based Investcorp, with U.S. headquarters in New York City, acquired a portfolio of 11 apartment properties from Equus Capital Partners… Read more
Online Grocery Sales Growth Heats Up Cold Storage Demand
Any doubt that the rapid rise of e-commerce is causing ripple effects across the economy can be easily removed by… Read more
Dick’s Sporting Goods Loses Money After Changing Gun Policies
After the shooting at Marjory Stoneman Douglas High School in February of 2018, Ed Stack, CEO of retailer Dick’s Sporting… Read more
Savills Hires Cameron as Senior Managing Director in D.C.
Savills hired Rory Cameron as a senior managing director in Washington, DC. He will hold responsibility for expanding the firm’s… Read more
MLP Launches Co-working Platform for Tech, Life Science Sectors
MLP Ventures, which specializes in repurposing legacy corporate and government properties, has launched The Discovery Labs, a co-working ecosystem for… Read more
CVS Expanding HealthHUB Concept to 1,500 Locations
CVS’s HealthHUB concept store in the Houston area has generated such positive customer response, the retailer has decided to expand… Read more
NHI Enters $128M Property JV with Discovery Senior Living
Murfreesboro, TN-based National Health Investors Inc. has announced it has entered into a $128.3 million joint venture with affiliates of… Read more
Wind Creek Pays $1.3B for Bethlehem Casino
Wind Creek Hospitality (WCH), an authority of the Poarch Band of Creek Indians, has finalized the purchase of the Sands… Read more
Liberty52 Supportive Housing Rises in Philly
Liberty Housing Development Corp. (LHDC) broke ground Friday on Liberty52: Stephen F. Gold Community Residences in Philadelphia. Rising on vacant… Read more
Urban Outfitters Tries On Clothing Rental Service for Women
Urban Outfitters Inc. plans to launch Nuuly, an online clothing rental subscription service for women. Set to debut late summer,… Read more
VICI Finalizes $1B Acquisition of Detroit’s Greektown Casino-Hotel
New York-based VICI Properties Inc. completed the previously-disclosed acquisition of the Greektown Casino-Hotel in downtown Detroit from Dan Gilbert’s Jack… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more
C-PACE Securitizations and Their Implications for CRE Industry
By Dennis Kaiser Sausalito, CA-based CleanFund, a national commercial property-assessed clean energy (C-PACE) origination platform, recently was awarded GlobalCapital’s 2019… Read more
Raytheon Takes 134K SF at Boston-Metro Campus
Philadelphia-based Rubenstein Partners, L.P. signed a 134,000-square-foot, seven-year lease with Raytheon Company at the Center at Innovation Drive, a roughly… Read more