Philadelphia
Arden Group, Arcapita Target $2B of Acquisitions with Industrial JV
Bahrain-based Arcapita Group Holdings and Philadelphia-based Arden Group have formed a joint venture to acquire multi-tenant industrial properties in urban centers across major… Read more
Mission-Driven Crowdfunding Platform Small Change Backs Five Projects Nationwide
Pittsburgh-based Small Change, a mission-driven real estate crowdfunding platform, has raised $2.1 million for five projects across the U.S. totaling $54 million… Read more
Hilco Unit Plans “Bellwether District” at Former PES Refinery in South Philadelphia
Hilco Redevelopment Partners (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in… Read more
Wonolo Announces Raise of a $138M Growth Round
Increasingly, businesses across the country are grappling with unpredictability – from inconsistent consumer demand to labor shortages to supply chain… Read more
Keith Cody Joins Silverstein as SVP for Commercial Leasing
Keith A. Cody has joined Silverstein as SVP of commercial leasing. Drawing on more than 25 years’ successful transactions in leasing… Read more
Arden Group Invests $38 Million in Nashville Opportunity Zone
Arden Group has announced its latest investment, a project with a current budget of $38 million. In partnership with Ridgehouse… Read more
Hines Promotes Sarah Hawkins to East Region CEO
Sarah Hawkins, based in Hines’ New York Office, has been promoted to CEO of the U.S. East Region, effective immediately. Established… Read more
Imperium Capital Acquires Four-Acre Parking Facility Near Port of Savannah
New York-based Imperium Capital has acquired a secured truck and trailer parking facility in Savannah. The four-acre property was purchased… Read more
Watson Land Co. Acquires Two Philly-Area Spec Warehouses
CRG, the real estate development and investment arm of Chicago-based Clayco, has sold two speculative industrial facilities in East Greenwich, NJ, for $107.74… Read more
Shamah Properties Adds Luxury Complex in Princeton
Shamah Properties acquired Copperwood Apartments in Princeton NJ, for $70.35 million. The seller wasn’t identified. The 153-unit luxury complex at 300 Bunn Dr. is located near downtown Princeton and Route 1. It was built in 2015. “Shamah Properties… Read more
Detroit’s Redeveloped Book Tower Will Feature ROOST Apartment Hotel
Bedrock, Detroit’s largest real estate developer, will make the Book Tower home to ROOST Apartment Hotel, Detroit’s first high design… Read more
Dalfen Bolsters Central PA Presence with Two-Building Portfolio
Dalfen Industrial acquired a two-building, 572,800-square-foot portfolio in the I-78/I-81 corridor of Pennsylvania. Seller and pricing weren’t disclosed. The portfolio includes buildings in Lancaster and Elizabethtown, PA. The 252,800-square-foot Lancaster property… Read more
AVE Austin is First of Many for Korman Communities
Korman Communities, in partnership with Verde Capital, recently completed the purchase of its first property in Austin. The new 226-unit… Read more
Ensemble/Mosaic Launches Ambitious ESG/DEI Initiative at Philadelphia Navy Yard
Ensemble Real Estate Investments and Mosaic Development Partners (Ensemble/Mosaic) has launched an ambitious Environmental, Social & Governance (ESG) program at the Philadelphia… Read more
JLL Arranges $114M Trade of Grocery-Anchored Centers in Philly Metro
JLL Capital Markets closed the $114.25-million sale of and secured $80.5 million in acquisition financing for a five-property grocery-anchored retail portfolio… Read more
New Index Has Sunbelt Markets Shining Brightest for Opportunities
Just as the pandemic and resulting economic downturn had varying effects on commercial real estate fundamentals across the nation’s major… Read more
Newmark Places $565M Loan for Nine-City InterPark Portfolio
Newmark, on behalf of InterPark Holdings, has placed a $565–million, five-year loan secured by a portfolio of 26 cross-collateralized parking facilities… Read more
The Watson Obtains $29.6M Acquisition Loan
A $29.6 million Freddie Mac Optigo acquisition loan was recently provided for a 247-unit multifamily property in Grand Prairie, TX.… Read more
As Port Traffic Ramps Up, So Does Warehouse Development
Increasing amounts of containerized cargo are flowing through the country’s major maritime port complexes, in turn driving demand for warehouse… Read more