Pennsylvania
So. Florida Retail Center Trades for $30M
Pompano Plaza, a 126,928-square-foot grocery-anchored shopping center in Pompano Beach, FL traded hands for $29.6 million. A Miami-based Cushman &… Read more
Rue21 Closing 400 Stores
Pittsburgh-based rue21 plans to close 400 stores across the country. The discount teen clothing retailer’s plans were shared via a… Read more
SGA Names New Partners
Architecture firm SGA has named five new partners to help the firm grow and complete its latest set of new… Read more
Pennsylvania Buyer to Pay $83M for Mississippi Casinos
Gaming and Leisure Properties Inc., (GLPI) of Wyomissing, PA, entered into an agreement to acquire the real estate assets of… Read more
130 Units Sell in Chester County, PA
Rittenhouse Realty Advisors negotiated the sale of two multifamily properties in separate transactions, totaling 130 units. The assets, located in… Read more
$103M Financing Secured for Philly Redevelopment
Post Brothers, headed by Michael and Matthew Pestronk, secured $102.8 million in first-mortgage financing to redevelop 260 S. Broad St.… Read more
Developer Planning 100-Unit Seniors Housing Complex
Paramount Health Resources Inc. is expanding into Central Ohio, with plans to build a $21 million, 100-unit complex in Westerville,… Read more
44K-SF Kessler Building To Become Co-Work Space
Level Office, headquartered in Chicago, acquired the seven-story Kessler Building at 1301 Oak St. in Kansas City, MO. Both the… Read more
Accolade Expands in Pennsylvania — Again
Healthcare concierge company Accolade is planning to grow its headquarters in Plymouth Meeting, PA, marking the fifth time the company… Read more
Pennsylvania Investor Eyeing 98 Acres
Alliance Partners HSP, headquartered in Bryn Mawr, PA, is eyeing a close to 100-acre airport area site in Nashville, TN.… Read more
Philly to Invest $90M in Waterfront Park
The city of Philadelphia will commit $90 million to build a new waterfront park at Penn’s Landing. The 11-acre park… Read more
As Preschoolers Grow, So Does Education
The childcare franchising industry brings in an average of $2.6 billion in annual revenue. Georgia-based Primrose Schools, an organization of… Read more
Philly Multifamily: Improving Vacancies and Rent Growth
The Philadelphia multifamily market was marked by declines in overall vacancy rates, an increase in asking rents and record-setting construction… Read more
Plans Released for 125K-SF Medical Marijuana Grow Facility
Snider Health released plans to build a 125,000-square-foot medical marijuana grow facility on 14 acres in the Far Northeast area… Read more
Loans, Tax-Exempt Bonds Geared Toward Courtyard at Riverview
RED Capital Group LLC both closed a $31.75 million Section 221(d)(4) loan, and underwrote $39.7 million of tax-exempt bonds to… Read more
Design-Build Catching On in NYC
The “design-build” way of building may finally be catching on in New York City. New design-build projects include the $4… Read more
153K-SF Retail Finally Closes
Phillips Edison (PECO) acquired the 153,085-square-foot Palmer Town Centre in Easton, PA, paying $32.3 million for the asset. The closing… Read more
1,088-Unit Multifamily Property Sells
GoldOller Real Estate Investments nabbed the Seasons Apartment, a 1,088-unit multifamily property at 9220 Old Lantern Way in Laurel, MD.… Read more
$10M Paid for Historic Frank & Seder Store
Stark Enterprises has acquired the historic 203,643-square-foot former Frank & Seder department store in downtown Pittsburgh. The Cleveland, OH-based buyer… Read more