Philadelphia
Modway Expands West Coast Distribution Footprint into Hesperia
Modway Inc. plans to establish a new distribution operation in San Bernardino County. The distributor of living, dining, bedroom, outdoor,… Read more
Berkadia Secures $19M Financing for Senior Living Community in Maryland
Berkadia has secured a $19.1 million forward commitment to provide tax-exempt permanent financing for Suitland Senior Apartments, a 137-unit senior… Read more
Pandemic Ramps Up Already-Strong Life Sciences Demand
The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine,… Read more
First Ever Modular Apartment Building in D.C. Breaks Ground
Real estate development company Community Three and project partner Rooney Properties have broken ground on Modo, Washington D.C.’s first modular… Read more
FCPT Forms $150M JV with Lubert-Adler
Mill Valley-based Four Corners Property Trust (FCPT) formed a strategic venture to invest up to $150 million with Lubert-Adler Real… Read more
Silicon Labs, STRATIS Partner on IoT for Apartments
Austin-based Silicon Labs and Philadelphia-based STRATIS have collaborated on a new smart home solution built specifically for apartment complexes. The STRATIS 3.0 Gateway (STRATIS… Read more
Aimco Forms $10B MF REIT, Closes $2.4B JV
Denver-based Apartment Investment and Management Company (Aimco) plans to separate into two publicly traded companies, Apartment Income REIT (AIR) and… Read more
Loan Delinquencies Skyrocket as Student Housing Occupancies Are Displaced
The start of the 2021-2021 academic year has been a back-to-campus scene like no other, replete with “temperature checks, signs… Read more
Durst Organization Tapped to Develop Philly Waterfront Parcels
The Durst Organization has been selected as the Delaware River Waterfront Commission (DRWC) development partner to develop two key parcels at Penn’s… Read more
Net Lease Takes Bigger Slice of Smaller Investment Sales Pie
Net-lease investment declined by 61.8% year-over-year in the second quarter, but comprised the highest share of total volume on record amid… Read more
California Markets Rank Among Top for Net Lease Investment Volume
Research from CBRE shows three California markets were ranked among the Top 10 for total net lease investment volumes during… Read more
2020 Next Generation Honoree: Convene’s Peter Cha Expands Company Footprint
Peter Cha is a real estate associate for Convene, which designs and services premium work and event spaces. He manages… Read more
2020 Next Generation Honoree: Nightingale Properties’ Will Hutton Spots Unrealized Potential
In the past 18 months, Will Hutton spearheaded more than $4 billion of transaction activity at Nightingale Properties and has… Read more
Net-Leased Supermarket Trades in Uniondale
Marcus & Millichap arranged the sale and financing of a 60,896-square-foot ShopRite grocery store in Uniondale, NY, within Long Island’s Nassau… Read more
Avison Arranges Partial Sale-Leaseback of Mokena Industrial
Avison Young negotiated the sale of a 125,000-square-foot industrial facility in Mokena, IL, which supports Dunkin Donuts’ Midwest distribution. Deal terms… Read more
Meridian Arranges $187M Construction Debt for Philly Offices
Meridian Capital Group arranged $187 million in construction and mezzanine financing and equity for the ground-up construction of a Class-A office… Read more
1.2M-SF Industrial Portfolio Trades in Philly’s NJ Suburbs
Colliers International’s Ian Richman and Marc Isdaner arranged the sale of Twinbridge Industrial Park and Veterans Industrial Park, a 32-building, 1,164,939-square-foot portfolio in Pennsauken, NJ,… Read more
PIDC Names Development Team for 109 Acres at Philly Navy Yard
The Philadelphia Industrial Development Corporation (PIDC) has selected a team of Ensemble Real Estate Investments and Mosaic Development Partners as its… Read more
Are Large Financing Transactions Back?
By Paul Bubny Last month, SL Green Realty Corp. closed on a $510-million mortgage financing that was secured by 220… Read more