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Ade, Hinckley and Cadranell of JLL arranges financing totaling $142.6M for The Hamilton

Mar 12, 2020

Ade, Hinckley and Cadranell of JLL arranges financing totaling $142.6M for The Hamilton

PHILADELPHIA, PA — JLL Capital Markets has arranged financing totaling $142.6 million for The Hamilton, a core class A, two-phase, 576-unit high-rise apartment building in Center City, Philadelphia. JLL worked on behalf of Radnor Property Group to secure a $70 million, floating-rate loan from Mack Real Estate Credit Strategies (MRECS) to retire the existing construction financing, which the JLL team arranged in 2017 for the first phase of the development. Additionally, JLL a

The Greater Philadelphia Office
Market closes the decade on a high note

Including suburbs, Southern New Jersey

Mar 3, 2020

The Greater Philadelphia Office Market closes the decade on a high note

PHILADELPHIA, PA — Newmark Knight Frank (NKF) released its fourth-quarter 2019 office reports for the Philadelphia CBD and suburbs, Southern New Jersey, and Northern Delaware. Across the region, the office market concluded 2019 with robust positive absorption, continued rent growth, new construction, and the promise of more demand-driven development to kick off the new year. In Philadelphia’s Central Business District (CBD), market activity was largely driven by the “eds & m

The Blau & Berg Company arranges sale of American Equity Partners’ Phila. portfolio

Feb 26, 2020

The Blau & Berg Company arranges sale of American Equity Partners’ Phila. portfolio

PHILADELPHIA, PA — The Blau & Berg Company recently brokered the sale of a portfolio of land in Philadelphia, PA from American Equity Partners, LLC to Ivy Equities II, LLC. Jason Crimmins, CCIM, SIOR, Peter Murano, SIOR, Alessandro Conte, CCIM, SIOR and Michael Schipper of The Blau & Berg Company represented the seller, while Scott Savastano of The Blau & Berg Company represented the buyer in this transaction. The 118,509 s/f on 17.61 acres consisted of a 63,200 s/f facility

Feb 19, 2020

Nutrition 215 Coming to Levin-managed property

PHILADELPHIA, PA — Nutrition 215 will join the retail tenant roster at Morrell Plaza in Philadelphia. Commercial real estate services firm Levin Management Corporation (LMC) serves as managing agent for the 103,000 s/f shopping center located directly on Frankford Ave./Rte.13. Nutrition 215 will sell blended nutritional non-alcoholic drinks including energy tea and protein-based coffee. The drinks are designed to give health-conscious consumers a variety of options, whether

MGKF’s Spergel & Franey present at the PA Bar Institute’s RE Institute 2019

Feb 7, 2020

MGKF’s Spergel & Franey present at the PA Bar Institute’s RE Institute 2019

PHILADELPHIA, PA — Manko, Gold, Katcher & Fox partners Jonathan H. Spergel and Bryan P. Franey presented on “Fundamentals & Hot Topics in Environmental Law for Real Estate Lawyers” at the Pennsylvania Bar Institute’s Real Estate Institute 2019 in Philadelphia on December 6. The program addressed the liability for contamination in Pennsylvania, the state’s Land Recycling Program (Act 2), changes to the Management of Fill Policy, as well as recent updates on emerging contaminan

CBRE completes sale of nine building MOB portfolio

Located in Pennsylvania, Illinois

Jan 29, 2020

CBRE completes sale of nine building MOB portfolio

PHILADELPHIA, PA — CBRE has completed the sale and financing of a nine-building medical office portfolio totaling 470,000 s/f located in four states. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE’s Healthcare Capital Markets team served as advisors for the transaction and sourced the buyer for the portfolio sale. Additionally, Sabrina Solomiany of CBRE’s Debt & Structured Finance group worked on behalf of the buyer to secure the financing. The buyer, a c

Moto Designshop wins top design award for Jesuit home

AIA Phila honors St Joseph’s University residence

Jan 28, 2020

Moto Designshop wins top design award for Jesuit home

PHILADELPHIA, PA — Moto Designshop, a contemporary architecture and design practice announced that Arrupe Hall Jesuit Community at Saint Joseph’s University has won the Silver Medal from the American Institute of Architects, Philadelphia Chapter. Silver is the highest award given for an unbuilt project. “Our goal was to provide this religious community with not only a home, but a space that supports the serenity of their faith,” said Adam Montalbano, AIA, partner at Moto. N

McCabe takes over as managing partner at MGKF

Jan 28, 2020

McCabe takes over as managing partner at MGKF

PHILADELPHIA, PA — As a new decade is ushered in, Carol F. McCabe takes over as managing partner of the environmental and energy law firm of Manko, Gold, Katcher & Fox, LLP (MGKF) located in suburban Philadelphia. McCabe is just the fifth person to take on this role and is the firm’s first female managing partner, succeeding Jonathan Spergel, Robb Fox, Bruce Katcher and Marc Gold. While this is a landmark for the firm, this has been 25 years in the making, dating back to when

CBRE net lease team closes 2019 with sales volume up 31% 2018

Jan 27, 2020

CBRE net lease team closes 2019 with sales volume up 31% 2018

PHILADELPHIA, PA — CBRE announced that Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson—the Philadelphia-based arm of CBRE’s Net-Lease Properties team— closed 62 properties in 2019, totaling more than $329 million, which is a 31% increase in dollar volume over 2018. The team is well-positioned to have another milestone year in 2020, with over 60 properties currently on the market and nine under contract, equaling nearly $240 million. Completed 2019 transac

Cedar Realty Trust Breaks Ground at Fishtown Crossing Shopping Center in Northeast Philadelphia

Anchored by IGA Supermarket

Dec 6, 2019

Cedar Realty Trust Breaks Ground at Fishtown Crossing Shopping Center in Northeast Philadelphia

PHILADELPHIA, PA — Cedar Realty Trust, Inc. broke ground on Thursday, October 3rd at Fishtown Crossing, the redevelopment of a shopping center in Northeast Philadelphia formerly known as Port Richmond Village. The initiative will create 18,000 s/f of new retail space, designed for a diverse mix of fast-casual dining, restaurants and shopping. Fishtown Crossing will also feature a host of new amenity upgrades, creating new public spaces that will foster an inviting atmosphere

DAS Architects complete experiential
hi-rise The Harper in Philadelphia

A luxe wellness apartment experience with Pearl

Oct 18, 2019

DAS Architects complete experiential hi-rise The Harper in Philadelphia

PHILADELPHIA, PA — DAS Architects, an award-winning hospitality, retail and residential design firm, is pleased to announce the completion of The Harper, a luxe wellness apartment experience with Pearl Properties. The Harper is a 280,000 s/f, 24-story building, located at 112 S. 19th St., a block away from Rittenhouse Square and in the center of the Rittenhouse neighborhood’s dynamic shopping and restaurant scene. It features 167 unique residential units, a ground-floor res

JLL promotes Fogarasi to PDS team as vice president

Covering the greater Philadelphia market

Oct 18, 2019

JLL promotes Fogarasi to PDS team as vice president

PHILADELPHIA, PA — JLL announced the promotion of Rob Fogarasi in a series of recent strategic additions to the Project and Development Services Group (PDS). Fogarasi will take on the role of senior vice president and market lead of PDS in the greater Philadelphia market. In this role, Fogarasi will execute overall PDS strategy, oversee project management services and create innovative marketing and development initiatives while leading a skilled team of project managers.

Philadelphia based net-lease team sells 27 properties in H1 2019, totaling more than $104M

Company hires Zell to join its Multifamily Capital

Aug 21, 2019

Philadelphia based net-lease team sells 27 properties in H1 2019, totaling more than $104M

PHILADELPHIA, PA — CBRE announced that Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson of the Philadelphia-based arm of CBRE’s Net-Lease Properties team sold 27 properties during the first half of 2019, totaling $104,430,491. The completed transactions, most of which are classified as “net lease”, were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across twelve states,

Rittenhouse Realty Advisors sells two garden-style apartment communities in Philadelphia

Aug 21, 2019

Rittenhouse Realty Advisors sells two garden-style apartment communities in Philadelphia

PHILADELPHIA, PA — Rittenhouse Realty Advisors recently sold two garden-style apartment communities situated in two highly sought-after Suburban Philadelphia locations. Each property’s location affords tenants access to some of the top employers in Center City Philadelphia as well as Conshohocken, Doylestown, Fort Washington, King of Prussia and Valley Forge. Both properties feature excellent construction and desired unit mix while providing the new owners with value-add oppo

Colliers facilitates lease for Keystone Shops' First Philadelphia medical marijuana dispensary

REMS selected for Live Nation’s Goose Island

Aug 20, 2019

Colliers facilitates lease for Keystone Shops' First Philadelphia medical marijuana dispensary

PHILADELPHIA, PA — Colliers International joined client Keystone Shops for the grand opening of its first Philadelphia medical marijuana dispensary this week at 300 Packer Ave. in South Philadelphia. This location will be the company’s third in the region, with additional sites located in Devon and King of Prussia. The site is a creative reuse of a former bank branch – cannabis product is even stored in the bank’s former vault. Philadelphia has very few dispensaries due to

Rubinstein & Amerimar delivers new CHOP space

Children’s Hospital of Philadelphia expands

Jun 21, 2019

Rubinstein & Amerimar delivers new CHOP space

PHILADELPHIA, PA — Rubenstein Partners, L.P. (together with its affiliates, Rubenstein), a vertically-integrated real estate investment advisor focused on value-added office property opportunities, together with its partner Amerimar Enterprises Inc. (Amerimar), announced the completion of a 54,000 s/f lease expansion with Children’s Hospital of Philadelphia (CHOP) at The Wanamaker Office Building (Wanamaker). CHOP now leases over 300,000 s/f across 6 floors at Wanamaker follo

TDK Commercial Advisors completes leases in Phila.

Extended Care signs long-term lease for 5,000 s/f

Jun 20, 2019

TDK Commercial Advisors completes leases in Phila.

PHILADELPHIA, PA — Thomas Kramer, president of TDK Commercial Advisors (TDKCA), announces a series of newly completed office leases on behalf of several clients in the growing King Of Prussia, PA and Philadelphia office space markets. TDKCA represented the landlord of the King Of Prussia Business center in several new transactions. GVF Transportation has committed to a new long-term lease for nearly 4,000 s/f while new leases where signed with two new tenants. A Childs Place

1.6 million s/f of collaborative lab

Jun 19, 2019

Discovery Labs is developing a $500M healthcare, life sciences and technology coworking community

PHILADELPHIA, PA — The Discovery Labs, a platform company announced it is redeveloping GlaxoSmithKline's one million s/f Upper Merion West Campus and the 640,000 Innovation at Renaissance Campus in King of Prussia into the largest “coworking” ecosystem for healthcare, life sciences and technology-enabled companies in the country. “The Discovery Labs is 20 times larger than the average coworking space, such as WeWork, and provides the mission critical infrastructure needed t

DAS Architects designing 14-story wellness hotel

Concord Engineering Group serves as m/e/p engineer

Jun 18, 2019

DAS Architects designing 14-story wellness hotel

PHILADELPHIA, PA — DAS Architects, is designing a 14-story hotel and restaurant at 11th & Sansom that will accentuate health and wellness. “Greek Philosophy’s guiding principles of balance and unity informed our design of this boutique hotel,” said Susan Davidson, IDC, co-founder and principal of DAS Architects. “The modern and minimalist spaces will feature a warm and neutral color palette, emphasizing natural materials, with expansive green walls on every floor. Our goal

Comcast Spectacor and The Cordish Companies announce $50M, Next-Gen. Esports Arena in Phila.

Jun 14, 2019

Comcast Spectacor and The Cordish Companies announce $50M, Next-Gen. Esports Arena in Phila.

PHILADELPHIA, PA —Comcast Spectacor and The Cordish Companies announced plans for a $50 million, next-generation esports and entertainment venue in the heart of the Philadelphia Sports Complex. Adjacent to Xfinity Live!, the venue will seat up to 3,500 guests. Its primary tenant, the Philadelphia Fusion esports franchise, is one of 20 international teams competing in the Overwatch League. In addition to serving as a premiere destination for competitive gaming events, Fusion A

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