Philadelphia
365 Adds NJ Data Center to Portfolio
365 Data Centers, based in Norwalk, CT, added an 11th data center to its portfolio with the acquisition of NYI-NJ in Bridgewater,… Read more
Blink Muscles into Chicago with South Side Presence
Blink Fitness has made its Chicago-area debut with openings near Midway Airport on the South Side and in suburban Merrionette… Read more
Master Lease Figures in Philly Development Opportunity
Rittenhouse Realty Advisors is marketing a development opportunity under a master lease at 1620 Sansom St. in Philadelphia’s Rittenhouse Square… Read more
RAIT Financial Seeks Ch. 11 Protection
Philadelphia-based RAIT Financial Trust has filed for Chapter 11 protection at U.S. Bankruptcy Court in Delaware. The mortgage REIT has… Read more
Urban Air Slates Third Metro Pittsburgh Location
Dallas-based Urban Air says it will open a 61,539-square-foot indoor trampoline/recreation and entertainment center in the Westmoreland County community of… Read more
Rubenstein Acquires One of Philly Region’s Largest Office Parks
Rubenstein Partners closed on its acquisition of Chesterbrook Corporate Center, a 1.1- million-square-foot, 14-building Class A office park in the… Read more
GlenStar, Rubenstein Launch Phase Two of Continental Towers Makeover
Locally-based GlenStar and Philadephia-based Rubenstein Partners unveiled plans for a $15-million capital improvement campaign at Continental Towers, a 910,796-square-foot office… Read more
GIANT Supermarket Will Occupy Two Levels at Luxury Philly MXU
Supermarket chain GIANT Food Stores will occupy 65,160 square feet across two floors at PMC Property Group’s River Walk along… Read more
CushWake Arranges Refi for Luxury Philly Apartments
Cushman & Wakefield advised Ivy Realty and DW Partners in obtaining a $27.5-million refinance on 1600 Callowhill St., a newly-built rental… Read more
Gayle Blakeley Farris Joins Transwestern in Life Sciences & Healthcare Role
Transwestern Development Co. (TDC) expanded its leadership team with the addition of Gayle Blakeley Farris, who joins as Regional Partner,… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
CommonGrounds Comes to Philly with 1700 Market Lease
Flexible workspace provider CommonGrounds Workplace is expanding to Philadelphia, signing a long-term lease for 62,461 square feet at 1700 Market… Read more
Pantzer Grows Philly Holdings with Toll Brothers Project
Pantzer Properties has acquired Toll Brothers’ recently developed Riverworks apartment complex in Phoenixville, PA for $77.8 million, the Philadelphia Business… Read more
Center City MOB Achieves Record Pricing for Philly Offices
Liberty Property Trust has sold 800 Walnut St., a 153,242-square-foot medical office building it developed in 2013, for $99.25 million.… Read more
Connect Apartments 2019: Healthy Outlook for the Multifamily Sector
By Ben Johnson Connect Apartments 2019 kicked off with a bang last week, as Michael Cohen, vice president advisory services… Read more
4M-SF Linden Logistics Center Breaks Ground
A joint venture of Advance Realty Investors, Greek Development and PGIM Real Estate has broken ground on Linden Logistics Center, a 4.1-million-square-foot logistics park in Linden, NJ.… Read more
Jacksonville MF Community Trades for $55M
American Landmark Apartments and RSE Capital Partners acquired Eastport Apartments, a 440-unit multifamily community in Jacksonville as part of a… Read more
FCP Buys Philly Luxury Rentals for $118M from J.P. Morgan
FCP acquired Edgewater, a 286-unit luxury high-rise apartment community in Center City Philadelphia, for $117.9 million from institutional investors advised by… Read more
Ventas Adds Schools in PA, MO to University-Based Business
Ventas is adding four new developments totaling approximately $800 million to its university-based Research & Innovation (R&I) business, all in… Read more