Pennsylvania
$47M Financing Arranged for Pittsburgh Office Portfolio
Maverick Commercial Mortgage, Inc. closed a $47.3 million first mortgage loan for Parkway Center, a six-building office portfolio comprising 585,000… Read more
Rite Aid, Albertsons Terminate Merger Agreement
Camp Hill, PA-based Rite Aid Corporation and Albertsons Companies Inc. have mutually agreed to terminate their merger agreement announced earlier… Read more
CMBS Delinquencies Remain Elevated in Chicago
As July ended, Chicago’s CMBS delinquency rate was the third-highest of major U.S. metros at 5.3%, according to Trepp data.… Read more
Exeter Claims Charlotte Industrial Park for $49M
Conshohocken, PA-based Exeter Property Group acquired RiverOaks Corporate Center, a two-building, Class A industrial park totaling 453,206 square feet in… Read more
The Incredible Shrinking Hospital
It’s not just your imagination—hospitals are shrinking. Across the nation, the newest acute care facilities are designed and developed with… Read more
Broadtree Acquires $138M MF Portfolio via UPREIT Transaction
Rochester, NY-based Broadtree Residential, Inc. acquired three Class A multifamily apartment communities from affiliates of Owings Mills, MD-based Chesapeake Realty… Read more
Jay Paul Co. Claims San Jose’s City View Plaza for $284M
SJ Cityview, an affiliate of San Francisco-based developer Jay Paul Co., acquired City View Plaza, an 11-acre, 579,541-square-foot mixed-use project… Read more
$90M Refi for Pittsburgh-Area Corporate Campus
Zenith Ridge Corporate Campus, a three-building Class A office property totaling 486,000 square feet in the Pittsburgh-area community of Canonsburg,… Read more
Pharma Firm Signs NJ’s Biggest Office Lease of 2018
Pharmaceutical firm Teva has leased 345,000 square feet at P3 Properties’ MCCBLUE, a 541,000-square-foot office complex formerly known as Morris… Read more
Not-for-Profit Health Systems Drive M&A
More than three-fourths of M&A deals announced during the first half of 2018 involved not-for-profit acquirers, according to the latest… Read more
Hooah! Austin Welcomes Army Futures Command Center
Less than a month after announcing that Austin was one of top five cities under consideration for a new Futures… Read more
What’s Driving Uptick in Reverse Commutes?
The trend of living within urban centers is increasing, though it is creating an unexpected situation. According to JLL’s newest… Read more
Primrose Schools Enters Period of Expansion
The preschool years are a formative time in the lives of children, and private early education provider Primrose Schools is… Read more
Industrial: Flood of Capital, Big Portfolio Deals & Hot Markets
Industrial real estate remains a hot product type for both occupiers and investors. Connect Media asked Colliers International’s Michael Kendall… Read more
Scarcity of Class A Drives Industrial Prices to New Highs
There’s still time to join us for Connect Industrial in Chicago on Wednesday. Leading up to the conference, Connect Media… Read more
Blackstone’s BREIT, Greystar JV Acquiring $1.2B Student Housing Portfolio
New York-based Blackstone Real Estate Income Trust, Inc. is acquiring the EdR Student Housing Portfolio for $1.2 billion, in a 95%/5% BREIT-led joint venture with Charleston, SC-based… Read more
Evoqua Water Inks Deal for Consolidation Space
Evoqua Water Technologies came to an agreement with EastGroup Properties to take down 107,000 square feet at 15414 International Plaza… Read more
10 Hospitals Investing in Facility Upgrades, Expansions
Hospitals and healthcare systems across the United States are actively improving their existing facilities though upgrades and expansions, and building… Read more
ADT Boca Raton HQ Trades for $42M
Boca Raton, FL-based PEBB Enterprises and Chicago-based Tortoise Properties, LLC acquired ADT Inc.’s global headquarters from Philadelphia-based RAIT Financial Trust for $42.05 million. The… Read more