Philadelphia
Xenia Set for Sale of 7 Hotels for $483M
Florida’s Xenia Hotels & Resorts is selling a seven-hotel portfolio for $483 million to an undisclosed buyer. The portfolio totals… Read more
Halpern Real Estate Ventures Closes Inaugural Commingled O-Zone Platform
Halpern Real Estate Ventures (HREV) achieved its $50 million target in its inaugural Opportunity Zone Platform. The funds, which were… Read more
Caddis Launches Second Philly-Area Senior Living Community
Dallas-based healthcare real estate developer Caddis is continuing its nationwide expansion by launching its second Heartis senior living community in Pennsylvania.… Read more
Hersha Offloads Hotels in Boston, NYC, Miami
Hersha Hospitality Trust has entered into binding sales contracts for two consolidated hotels and two unconsolidated joint venture assets for… Read more
Clarivate Analytics Inks 30K-SF Lease at Chandler Viridian
Clarivate Analytics Plc, a data and analytics company headquartered in Philadelphia and London, is setting up shop in the Phoenix… Read more
Halpern Closes on O-Zone Development Platform
New York City-based Halpern Real Estate Ventures (HREV) closed on its inaugural Opportunity Zone Platform after achieving its target of… Read more
Mindspace Opts for Wanamaker Building as First Philadelphia Site
Mindspace, the global co-working and flex space provider, today announced a new management agreement with an affiliate of Rubenstein Partners, L.P. to… Read more
CBRE Brokers Sale of Philly-Area Industrial
CBRE arranged for the sale of a 172,071-square-foot industrial facility at 1515 Garnet Mine Rd., in Garnet Valley, PA, 25… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
Innovation Center in Philly Navy Yard Sells for $61M
CBRE recently arranged the sale of Axalta’s Global Innovation Center in Philadelphia’s Navy Yard. Apex Capital Investments, a U.S.-based real… Read more
Piedmont Office to Pay $400M for Galleria Office Towers
Atlanta, GA-based Piedmont Office Realty Trust Inc. agreed to pay CBRE Global Investors $400 million to acquire the three Galleria… Read more
ACR Goes for Efficiency in Philadelphia Relocation
Savills completed a 10,527-square-foot relocation for the American College of Radiology (ACR) at Coretrust Capital Partners’ Two Liberty Place in… Read more
Philly High-Rise Garners $143M Financing
JLL Capital Markets arranged financing totaling $142.6 million for The Hamilton, a core Class A, two-phase, 576-unit high-rise apartment building in Center City,… Read more
Quarters Plans Second Co-Living Location in Philly
Co-living provider Quarters unveiled plans for its second Philadelphia location. The 113,700-square-foot, 239-bedroom ground-up development will be located at 1201 Callowhill… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Greystone, Rittenhouse JV on Northeast-Focused Platform
Greystone, a New York City-based commercial real estate lending, investment and advisory company, and Philadelphia-based Rittenhouse Realty Advisors, have combined… Read more
Kroger, Ocado to Develop 350K-SF Fulfilment Center in Maryland
Grocery chain Kroger and online grocer Ocado have announced plans to develop a 350,000-square-foot customer fulfillment center in Frederick, MD.… Read more
Berkadia Arranges Recap on Princeton-Area Rentals
Verde Capital Corp. and its joint-venture partners Kushner Real Estate Group (KRE Group) and Oxford Realty Group recapitalized Deer Creek, a 288-unit rental… Read more
Quarters Adds Two Brooklyn Co-Living Sites
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will… Read more