Pennsylvania
MRP, Hillwood Break Ground on 2M-SF PA Industrial Park
Baltimore-based MRP Industrial, in a joint venture with Hillwood, acquired and commenced construction on Hamburg Logistics Park in Hamburg, PA.… Read more
Equus Divests 22-Property MF Portfolio for $467M
Equus Capital Partners, Ltd. divested a 22-property, multi-housing portfolio located in eastern Pennsylvania for $467 million. The properties sold in… Read more
$53M Financing for Allentown MOB
HFF secured $53 million in first mortgage financing for Integrated Health Campus, a two-building 301,000-square-foot medical office building in Allentown,… Read more
Duke Leases Warehouse, Commences 1M-SF Spec Dev
Duke Realty Corporation leased a recently-delivered 628,475-square-foot bulk warehouse and started construction of a 1,015,740-square-foot spec industrial building in 33… Read more
Purpose-Built Student Housing Development Underway in Pittsburgh
Austin, TX-based Campus Advantage and Highland Park, IL-based Pinecrest broke ground on The Bridge on Forbes, a 197-unit student housing… Read more
Philly’s Callowhill Center Acquired
Arts & Crafts Holdings acquired 421 North 7th Street in Philadelphia from Callowhill Center Associates, LP for $20.1-million. The two-building,… Read more
Record $328M Philly Office Sale Completed
Centre Square, a two-building, 1.8-million-square-foot, multi-tenant office complex in Philadelphia traded hands for $328 million. Chicago-based Equity Commonwealth sold the… Read more
Mattel Opens 1M-SF PA Distribution Center
Mattel, Inc. opened a new distribution center at Gateway Logistics Park, a master-planned industrial park in Jonestown, PA. Ryder System, Inc.… Read more
HFF Arranges $65M Equity, Debt for Philly MF Development
Early Bird Alert: Connect Apartments is planned September 28th in Los Angeles. Here’s where to get more information and register. HFF… Read more
Dermody Affiliate Acquires 1.3MSF PA Industrial Portfolio for $76.1M
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. Capital Logistics Center, a five-building industrial… 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
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
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
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
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