Pennsylvania
Equity Commonwealth Divests Philly CBD Asset in $160M Deal
Chicago-based Equity Commonwealth sold 1600 Market Street, a 39-story office tower in Philadelphia’s CBD to an affiliate of American Real… Read more
Tracking a Dozen Hospital Developments Bigger Than $300M
Healthcare-related development is booming. According to Dodge Research & Analytics, construction on healthcare facilities climbed 29% in December 2017 over… Read more
$5M for AutoZone-Anchored Retail
An investor paid $5.2 million for the East Haven Shopping Center, a 52,752-square-foot neighborhood shopping center in East Haven, CT.… Read more
Rubenstein Acquires Majority Interest in DC Office Condo
An affiliate of Philadelphia-based Rubenstein Partners, L.P., is acquiring a majority interest in 111 K Street, NE, in Washington, DC… Read more
Liberty Swings City of Commerce Deal for $93M
Malvern, PA-based Liberty Property Trust acquired a 400,169-square-foot industrial building in the City of Commerce, CA for $92.7 million. The… Read more
Hyliion Planning Relocation to Cedar Park
Energy technology company Hyliion Inc. announced it will be relocating most of its employees from a current location in Verona,… Read more
Roadmap Brewing Co. Traveling to North Alamo Street
San Antonio resident Dustin Baker is working with his wife, Hannah Baker, and his parents, Scott and Joan Baker, to… Read more
$110M Financing Arranged for King of Prussia MF
New York City-based Meridian Capital Group arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex… Read more
Equity Commonwealth Divests Two Assets Totaling 2.4M-SF for $670M
Equity Commonwealth is under contract to sell two commercial real estate properties totaling 2.4 million square feet for $670 million.… Read more
McDonald’s Initiates Oak Brook Campus Divesture
McDonald’s is relocating to a new headquarters in Chicago’s Fulton Market district starting this spring. Leading up to that move,… Read more
Billionaire Lists Estate for $85M
The 47-year old founder and former chief executive of Legendary Entertainment, Thomas Tull, and his wife Alba, are listing their… Read more
Venture Capitalists Exploring Tech Hubs Outside California
Start-up hubs like Silicon Valley create jobs, affect housing prices, generate business, and attract venture capitalist investment. While the amount… Read more
Amazon Reveals Contenders for $5B HQ2
The short list of cities still in the running for Amazon’s $5-billion HQ2 includes 20 metropolitan areas. The giant Seattle-based e-commerce… Read more
Rubenstein, Strategic Capital Expand Indy Portfolio, Again
Indianapolis-based Strategic Capital Partners, LLC and partner, Philadelphia-based Rubenstein Partners, L.P., acquired the Precedent Office Park in Indianapolis’ Keystone Crossing… Read more
Healthcare Merger Mania Will Continue in 2018
The whirlwind of mergers and acquisitions that has occurred over the past two years will continue in 2018, according to… Read more
Logistics Firm Takes 400K SF at Dermody’s NJ Industrial Park
Reno, NV-based Dermody Properties leased 401,008 square feet to Kenco Logistics at LogistiCenter at Logan industrial park in Logan Township,… Read more
Mapletree Picks Up 14-Property Data Center Portfolio for $750M
Tampa-based Carter Validus Mission Critical REIT, Inc. sold a 14-property data center portfolio for $750 million to an affiliate of… Read more
Construction Begins on Pittsburgh’s Glasshouse MF
High Street Residential, a subsidiary of Trammell Crow Company, and Northwestern Mutual commenced construction on Glasshouse, a five-story, Class A… Read more
Jefferson to Anchor 1101 Market Street in Philadelphia
Thomas Jefferson University and Jefferson Health signed a 237,000-square-foot lease to anchor 1101 Market Street in Philadelphia, which will be… Read more