Pennsylvania
U.S. Apartment Rent Growth Turns Negative for September
U.S. multifamily advertised rents fell $6 to an average of $1,750 in September in the worst one-month drop since November… Read more
63K-SF Academic Facility Unveiled at Gwynedd Mercy University in PA
Gwynedd Mercy University recently hosted the grand opening of the Frances M. Maguire ’55 Healthcare Innovation Center (HIC), a 63,000-square-foot… Read more
Walker Webcast: The Fed, the Housing and Other Things—a Discussion with Economist Peter Linneman
The Oct. 8 Walker Webcast—“The Most Insightful Hour in CRE”—saw host Willy Walker (Chairman and CEO of Walker & Dunlop)… Read more
Affinius Capital Originates $170M Loan for Philadelphia Project
Affinius Capital has originated a $170 million construction loan to finance the development of Piazza Alta Phase II, a 431-unit… Read more
Report: Philadelphia Office Leasing Momentum Strengthens
Savills’ Q3 office market report for Philadelphia reveals year-to-date leasing activity totaled 3.3 million square feet in the metropolitan region,… Read more
Accesso Secures Loan Extension at 1515 Market St. in Philadelphia
Accesso has secured a two-year loan extension for 1515 Market St., a more than 500,000-square-foot, office property located in the… Read more
JV of Liberty Mutual, Landmark to Develop Student Housing in PA, CT
In their first joint ventures together, Liberty Mutual Investments (LMI) and Landmark Properties will develop 1,255 units of off-campus student… Read more
Avison Young Arranges 47K-SF Industrial Lease in Pennsylvania
Avison Young has negotiated a 47,000-square-foot, long-term industrial lease on behalf of the tenant DYWIDAG, a global structural and geotechnical… Read more
Inland, Devon Complete New Self-Storage Facility in Philadelphia
Inland Real Estate Investment Corporation and Devon Self Storage have completed the construction of an 88,000-square-foot self-storage facility in Philadelphia,… Read more
Study: Real Estate Transfer Taxes Lead to Unintended Consequences
Real estate transfer taxes can result in serious unintended consequences in jurisdictions across the U.S. that have approved them, according… Read more
580-Unit Self-Storage Portfolio in Topeka Trades Hands
Marcus & Millichap has arranged the the sale of a two-property, 580-unit self-storage portfolio in Topeka, Kansas. “This acquisition expands… Read more
PNK Group Acquires Second Site in Hartford Metro Area
Industrial developer PNK Group has acquired the Baker Hollow site in Windsor, CT, within the Hartford metro area. Seller and acquisition price were not… Read more
Blackstone to Acquire Energy Center in Pennsylvania for Nearly $1B
Private equity funds affiliated with Blackstone Energy Transition Partners have agreed to acquire Hill Top Energy Center, a 620-megawatt natural… Read more
Volumetric Building Companies Nears Completion of Seven-Story Development
Volumetric Building Companies, a Philadelphia based provider of modular design and construction, is nearing completion of The Astir Callowhill. The… Read more
Cushman & Wakefield Arranges $26M for 850K-SF Industrial Portfolio in Pennsylvania
Cushman & Wakefield has arranged $25.5 million in financing for 100-200 Murray Drive, an 853,611-square-foot industrial portfolio in Warren, Pennsylvania.… Read more
Salon Republic to Open First East Coast Salon in Philadelphia
Midwood Investment and Development will welcome a new retail tenant at its 210 South 12th property, a luxury mixed-use building… Read more
Phoenix Tube Nears Completion of 75K-SF Bethlehem Expansion
Development firm J.G. Petrucci Company is nearing completion on a 75,000-square-foot expansion for Phoenix Tube Company, a manufacturer of stainless-steel… Read more