Pennsylvania
Bon-Ton Liquidation Puts $1B+ in CMBS at Risk
The sale last week of Bon-Ton Stores to a group of bondholders partnering with Great American Group and Tiger Capital,… Read more
Brandywine Acquires Land for $3.5B Schuylkill Yards Development
Philadelphia-based Brandywine Realty Trust is moving ahead with plans to develop the $3.5-billion Schuylkill Yards project in West Philadelphia. The… Read more
250K-SF Leasing Activity at Rubenstein’s Sanctuary Park in Atlanta
Philadelphia-based Rubenstein Partners, L.P. completed more than 250,000 square feet in leasing activity at Sanctuary Park, a nine-building, 1.6-million-square-foot office… Read more
Anchor Health, Morgan Stanley Acquire Trio of MOBs Totaling 250K SF
Anchor Health Properties formed a joint venture with a Morgan Stanley Real Estate Investing advised fund to acquire three East… Read more
CBRE Represents iHerb in 257K-SF Industrial Lease in Elgin, IL
California-based iHerb.com signed a 257,344-square-foot lease at 2640 Auto Mall Dr. in Elgin, IL. The supplier of natural products and… Read more
Aimco Buys Six Philly-Area MF Communities for $445M
Denver-based Apartment Investment and Management Company (Aimco) acquired six apartment communities in the Philadelphia MSA from Philadelphia-based Dranoff Properties, Inc.… Read more
Genesis HealthCare Exiting Texas, Selling $181M Portfolio
Genesis HealthCare, a Pennsylvania-headquartered post-acute care provider, entered into a definitive agreement to sell 23 skilled nursing facilities in Texas… Read more
Jackson Heights Retail Sale Sets Local Pricing Record
Marcus & Millichap has arranged the sale of 74-12 to 74-24 37th Ave., a 10,001-square-foot retail property in the Jackson… Read more
Monmouth Snags Medical Device BTS Facility in Daytona
Freehold, NJ-based Monmouth Real Estate Investment Corporation acquired a new 399,440-square foot industrial building in Daytona Beach, FL for $31 million.… Read more
Rubenstein Partners Establishes NYC Base
Having been an active investor in New York City office property for several years, Rubenstein Partners is now a tenant… Read more
Best Cities for Female Entrepreneurs
America is a nation comprised of more than 11.6 million female-owned businesses. It’s also a country where the gender wage… Read more
Most US Warehouses Inadequate for E-Commerce Distribution
Momentum for additional construction of U.S. warehouses is not likely to wane, because the vast majority of the country’s warehouse… Read more
$53.5M Financing Arranged for Philly’s Pod Hotel Construction
Modus Hotels and the Parkway Corporation secured $53.5 million in financing for the construction of a Pod Hotel in Philadelphia,… Read more
Arizona’s Skyway Commons Debuts 25% Pre-Leased
Phase I of Skyway Commons, a spec 110,221-square-foot industrial development in Surprise, AZ is now 25% pre-leased. Two lease agreements… Read more
Brennan, Sidra Form JV for $159M Industrial Portfolio Recapitalization
HFF arranged the $159.2 million recapitalization of a fully-leased, mission-critical 11-property industrial portfolio totaling 2.77 million square feet in seven… Read more
Philly Housing Project Set for Redevelopment
The Philadelphia Housing Authority (PHA) selected Pennrose to redevelop Bartram Village in southwest Philadelphia. The community-driven neighborhood redevelopment will include… Read more
Hersha Trades Financial District Hotel to First-Time NYC Buyer
Hersha Hospitality Trust has sold the 81-key Hampton Inn Financial District for $32.4 million. The Philadelphia-based hotel REIT didn’t identify the… Read more
Integra Realty Resources Continues National Expansion, Opens Quartet of Offices
Integra Realty Resources (IRR) opened four new offices in Washington, DC, Philadelphia, Northern, NJ and Fort Worth, TX. The moves… Read more
Rockefeller Plans 1.3M-SF Lehigh Valley Logistics Park
New York-based The Rockefeller Group plans to develop two logistics centers in Pennsylvania’s Allen Township totaling roughly 1.3 million square… Read more