PHILADELPHIA, PA — CBRE announced the sale of Axalta’s Global Innovation Center located at 1050 Constitution Ave. in Philadelphia’s Navy Yard. Apex Capital Investments, a US based real estate investment management firm and a subsidiary of Kuwaiti-based Dimah Capital, acquired the asset for $61.2 million.
Robert Fahey, Jerry Kranzel, Erin Hannan and Jack Corcoran of CBRE Capital Markets’ Institutional Properties team marketed the property on behalf of the seller, Liberty Pro
PHILADELPHIA, PA — Urban Engineers announced that Jennifer Waters, PE, LEED AP, has been promoted to office manager of the firm’s Philadelphia headquarters. She has been with the firm for nearly 20 years and serves as an associate vice president and the deputy practice leader for environmental services.
“Jen is an outstanding professional who has quickly become a leader amongst her peers,” said Kenneth R. Fulmer, PE, president and CEO of Urban. “We are excited to elevate her
PHILADELPHIA, PA — Colliers International in Philadelphia announced that five members in our region encompassing Eastern Pennsylvania, Southern New Jersey and Delaware have earned a coveted spot among the top 10% of Colliers brokerage, valuation and corporate solutions professionals in the US based on revenue production. As a member of the Everest Club, Colliers honors their success as a top producer, and recognizes their dedication to service excellence and fostering client
PHILADELPHIA, PA — The ACE Mentor Program of Greater Philadelphia, the local affiliate hosted 350+ members and friends of the design and construction community Thursday, 20 February 2020 at the Simeone Foundation Automotive Museum for its Giant Jenga Tournament. The fourth annual event netted over $30,000 for the ACE Greater Philadelphia mentoring program and scholarships for current high school students and ACE alumni currently enrolled in higher education and focusing on an
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
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