Philadelphia
Wafra, Arden Group Launch $1B Venture to Acquire Industrial Service Facilities
Global alternative investment firm Wafra, headquartered in New York, and Philadelphia-based fund manager Arden Group formed a $1-billion venture to… Read more
Puttshack Completes $150M Growth Round with Blackrock Funds
Chicago-based Puttshack, an upscale tech-infused mini golf experience with global food and beverage, has completed a $150-million growth capital round… Read more
Pantzer Properties Closes Oversubscribed Fifth Fund
New York City-based Pantzer Properties, Inc. has reached the final closing of its fifth real estate fund, Panco Strategic Real… Read more
KeyBank Real Estate Capital Names Senior Banker for Northeast
KeyBank Real Estate Capital has appointed Steven Stowers to senior banker in the Northeast region. Stowers is responsible for advising… Read more
Alternative Asset Classes Prove to be an Attractive Haven for Capital
A recent capital markets report from Colliers finds that alternative assets, once on the periphery of commercial real estate investors’… Read more
Breakthrough Properties Starts 105K-SF Life Science Redev in Cambridge
Breakthrough Properties, backed by a joint venture of Tishman Speyer and Bellco Capital, has begun construction on the redevelopment of… Read more
PRG Real Estate Purchases The Lafayette Residential Tower in Norfolk
Philadephia, PA-based PRG Real Estate has acquired The Lafayette, a 168-unit riverfront residential community in Norfolk, VA. G.S. (Hank) Hankins,… Read more
Berkadia Arranges Sale of St. Louis Apartments in Opportunity Zone
Berkadia arranged the sale and acquisition financing of The Oliver, a newly built 151-unit multifamily community located in an Opportunity… Read more
BG Capital Partners to Develop $3B of Cold-Storage Industrial
BG Capital, a Philadelphia-based commercial real estate investment firm, has formed a new strategic real estate partnership with New Jersey… Read more
Yardi Matrix April 2022 Report: No Multifamily Rent Slowdown
The U.S. apartment sector isn’t showing any signs of slowing down. According to Yardi Matrix’s April 2022 “National Multifamily Report,”… Read more
Cedar Realty Trust Closes on $900M-Plus of Asset Sales Prior to Merger
Cedar Realty Trust has completed the previously announced sale of a portfolio of 33 grocery-anchored shopping centers and a redevelopment… Read more
Faropoint Trades 109-Property Logistics Portfolio for $481M
Investment firm Faropoint, focused on last-mile industrial properties in high population growth markets, has sold 109 institutional-quality, last-mile logistics buildings… Read more
Target Will Backfill Former Sears at Macerich’s Danbury Fair
Macerich is bringing a new Target store to Danbury Fair, in Connecticut’s Fairfield County. The 126,000-square-foot, two-level Target store will… Read more
Dodge Momentum Index Up 7% in May on Non-Residential Construction Planning
The Dodge Momentum Index (DMI) jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. … Read more
Breakthrough Properties in Big Philly Center City Life Sciences Redevelopment
Life sciences specialist Breakthrough Properties, a joint venture between developer Tishman Speyer and biotech financier Bellco Capital, has acquired and… Read more
Avison Young’s Foster and Wilson Broker Sale of Multi-State Industrial Portfolio
Avison Young has negotiated the sale of a national logistics portfolio across several states in the Midwest, South and Northeast… Read more
Yardi Matrix to CRE: “Slowdown in Multifamily Rents? Not Yet”
One month into Q2 2022, it seems as though the U.S. apartment sector isn’t showing any signs of slowing down.… Read more
Breakthrough Properties Closes on Largest-Ever Fund for Life Sciences Real Estate
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, has reached the final closings for the Breakthrough Life Science Property Fund. The venture… Read more
Triple-Net-Leased Industrial Outdoor Storage Trades for $7M
Stan Johnson Company has completed the sale of a core, infill industrial outdoor storage facility in West Palm Beach, FL… Read more