Pennsylvania
Inland Ports Growing in Strength, According to CBRE
Inland ports have become important in supply chains, noted CBRE’s “Inland Ports Logistics 2016 North America Annual Report.” As online… Read more
NYC’s Park 7 Obtains $86M to Build Southern Student Housing
Park 7 Group, headquartered in New York City, has received a total of $86 million in construction financing to build… Read more
Hersha Pays $112M for Boston’s Envoy Hotel
Hersha Hospitality Trust acquired the 136-room Envoy Hotel from the property’s developer, Norwich Partners. Though the original sales price quoted… Read more
Triumph Group Plans 150K-SF KC Relocation
Triumph Group Inc., headquartered in Berwyn, PA, will relocate its Kansas City-area operations from Grandview, MO to a build-to-suit in… Read more
Workplace Property Trust To Pay $969M for 108 Assets
Workplace Property Trust (WPT), based in Horsham, PA, has struck an agreement with Liberty Property Trust to acquire 108 office… Read more
NC Warehouse Triangle Trio Sells for $45M
Three high-profile industrial properties on the outskirts of Research Triangle Park in Durham, NC have sold for a total of… Read more
Post Bros. Obtains $183M Refi on Philly Apartment Property
Post Brothers has obtained a $183 million loan to refinance Presidential City, a 1,018-unit, Class A apartment property in Philadelphia,… Read more
Balfour Beatty, Harbet, Buy 400 Units in Alpharetta, GA
Balfour Beatty Communities LLC and partner Harbet Management Corp. have acquired the 400-unit Nesbit Palisades apartments in Alpharetta, GA. The… Read more
Once-Distressed Evanston Office On Sales Block
Owners of the eight-story office building at 1007 Church St. in Evanston, IL have hired the Chicago office of HFF… Read more
Radial Sells Louisville Industrial Assets for $52 Million
Radial Inc. sold its fulfillment center at 7601 Trade Port Dr., as well as other facilities at Trade Port Drive… Read more
Construction Launches on 222-Key Cambria in Philly
Choice Hotels Inc. has joined forces with Pearl Properties and Concord Hospitality Enterprises Co. to break ground on a new… Read more
UC Funds Places $24M Adaptive Loan on Pittsburgh Renovation
UC Funds has issued a $24.2 million adaptive reuse bridge loan to convert downtown Pittsburgh’s Salvation Army building into the… Read more
Urban Outfitters: Success with “Bricks-and-Clicks”
Amid the current climate in which retailers Pacific Sunwear, Sports Authority, Quiksilver and Aéropostale have filed for bankruptcy, URBN, parent… Read more
Philly’s MXU Abbotts Square in Line for $17M Redevelopment
EB Realty Management will move forward with a $17 million expansion and redevelopment of Abbotts Square in Philadelphia. The residential… Read more
Construction Launched on IKEA’s Second Ohio Location
Swedish retailer IKEA has broken ground on its second location in Ohio. The 355,000-square-foot IKEA Columbus is slated for a… Read more
Ashford Prime Contracts to Sell Seattle Hotel for $84M
Ashford Hospitality Prime has struck a definitive agreement to sell the 250-key Courtyard Seattle Downtown. The $84.5 million transaction is… Read more
Dollar General Readies for $85M Facility in GA
Dollar General Corp. has acquired land in Jackson, GA, which will serve as the discount retailer’s 15th distribution facility. The… Read more
Moms & Millennials: Multigenerational Housing On the Rise
By: Daniella Soloway With Mother’s Day right around the corner, more millennials will be right at home to show their… Read more
Construction Underway on View32 in Philadelphia
Radnor Property Group has launched construction on View32, a multifamily development on the Philadelphia-based Drexel University’s campus. The 16-story development will… Read more