PHILADELPHIA, PA — KW Commercial recently completed the sale of the industrial property at 6930 Norwitch Dr. in Philadelphia for $3.5 million.
Brady Carroll, based out of the Brandywine Valley office of KW Commercial, represented both sides of the sale of the 23,000 s/f building. Carroll specializes in investment sales of commercial real estate and has been a valued broker in over $150 million in commercial sales across the country, including PA.
The transaction was comple
PHILADELPHIA, PA — DAS Architects, an award-winning hospitality, retail and residential design firm based in Philadelphia announced that construction for The Harper, a Rittenhouse Square luxury apartment tower designed with Pearl Properties, has topped out at 24 stories.
Pearl Properties has teamed with DAS before to create several distinctive Philadelphia projects including The Granary Apartments at 19th & Callowhill, and most recently, the Cambria Hotel at Broad & Locust.
PHILADELPHIA, PA — IMC Construction, a nationally-recognized, full-service construction company, broke ground on a new $10.6 million academic building for Malvern Prep, a top-rated independent school in the Philadelphia suburbs. The new 58,000 s/f Center for Social Impact will link two existing buildings on the Georgian revival campus.
“The Center’s footprint and façade, connecting Carney and Sullivan Halls, will be constructed on a large arc radius and create a new focal po
PHILADELPHIA, PA — David Fahey, Avison Young principal and managing director of the company’s Philadelphia region, announced today the strategic hiring of highly regarded industry veteran Bill Finnegan.
Effective immediately, Finnegan becomes a principal of Avison Young with a mandate to help grow the company’s Philadelphia Center City office. He will also continue to focus on his specialty of corporate tenant representation. Finnegan brings 20-plus years of commercial real
PHILADELPHIA, PA — D2 Capital Advisors, the transaction advisory affiliate of the D2 Organization has secured $70 million in bridge financing to complete developer Eric Blumenfeld’s vision for North Broad Street. The financing was provided by Guggenheim CREF, Susquehanna Investment Group, and the Philadelphia Redevelopment Authority.
“We are thrilled to begin the next chapter of the North Broad Street story,” said Eric Blumenfeld, president of EBRM, “over the next six to 12
PHILADELPHIA, PA — Marcus & Millichap announced the sale of Victory Square, a 38,234 s/f grocery-anchored retail center located in Philadelphia. The asset sold for $9.25 million.
Derrick Dougherty, Scott Woodard and Mark Taylor, investment specialists in Marcus & Millichap’s Philadelphia office, had the listing to market the property on behalf of the seller, Post Brothers. Dougherty, Woodard and Taylor also represented the out-of-market buyer. The buyer acquired the property
Are you paying attention to the demographic changes that effect your business? Have you updated your business strategy to highlight your interior amenities?
The luxury rental market is a highly competitive environment. In today’s digital age, it is so important to engage consumers emotionally with a connection that is authentic. Both Millennial and Baby Boomer generations, who in fact are also the most prominent targets for luxury rental developments, are drawn to an experi
The strength and pace of development in the multifamily market during the first six months of 2018 will play a major role in the growth of other segments during the second half of the year. Though the overall market could be influenced by inventory, access to capital and local tax laws, the forecast is positive heading into 2019.
A Robust Multifamily Market Will Continue
Residential growth has been strong, primarily near high-traffic corridors with dense commercial develop
Philadelphia, PA — Partner John Gullace of the environmental, energy, litigation, safety and land use law firm of Manko, Gold, Katcher & Fox, LLP (MGKF) recently moderated the American Bar Association’s Section of Environment, Energy, and Resources (ABA SEER) program entitled, “Superfund Year-In-Review”. READ MORE #RealEstate #CommercialRealEstate #MGKF #JohnGullace #MAREJournal #Philadelphia
Philadelphia, PA — Thomas Kramer, president of TDK Commercial Advisors (TDKCA), announced a series of newly completed office leases.
TDKCA represented Post Brothers in lease transactions with several new tenants at Monroe Office Center, a two-story office property in Philadelphia. Located at 1 Winding Dr., Monroe Office Center. • Elegance in Dentistry, which has leased 3,500 s/f on the first floor of Presidential City, will open its new office in Q1 2017.
• Everwash signed
University City’s ongoing commercial real estate success is the result of companies realizing that real estate decisions should be based on factors that yield better and more engaged employees; that location, environment and connectivity matter when companies are seeking innovation and change; and that physical spaces affect productivity and creativity.
At the recent University City District’s State of University City presentation, CEO Matt Bergheiser reported that the distr
PHILADELPHIA, PA — Yassmin Gramian has been named Northeast business development director for the transportation and infrastructure sector at WSP | Parsons Brinckerhoff, a global engineering and professional services organization.
In her new position, Gramian, who will be based in Philadelphia, will be responsible for the growth of WSP | Parsons Brinckerhoff’s business in the firm’s Northeast region.
Gramian has over 30 years of experience in operations, business developme
Philadelphia, PA — The Eastern Pennsylvania Affiliate chapter of the national ACE Mentor Program has been named the CREW Philadelphia 2016 Philanthropic Partner. Through the partnership, ACE will be the beneficiary of $20,000 in CREW monetary donations and will have the opportunity to build relationships and partnerships through CREW’s signature philanthropic event – the 18th Annual Fall Charitable Lunch. As part of the philanthropic partnership, the two organizations will co
Philadelphia, PA — Liberty Property Trust joined WuXi AppTec, Inc. for a ribbon cutting ceremony to open their third facility at the Navy Yard. This new 150,000 s/f facility which, when fully operational, has the potential to accommodate an additional 200 high tech manufacturing and support jobs. The completion of this cell and gene therapy manufacturing building adds to the rapidly growing life sciences community at the Navy Yard which with a total of 750,000 s/f, is now hom
Philadelphia, PA — Greysteel has arranged the sale of the Cliveden Apartments, a multifamily property in Philadelphia’s Mount Airy neighborhood, to a private local owner on behalf of Wexford Property Management for $2.9 million.
This transaction was arranged by Greysteel co-founder, Ari Firoozabadi; and senior investment associate, Caleb Brown; who are based in the Company’s Washington, D.C. and Philadelphia, PA offices, respectively.
The property, located at 45 – 49 East C
Philadelphia, PA — Bernardon announced a new milestone in the continued growth of the firm. This summer, the firm expanded into Center City Philadelphia with the opening of their new office at 1315 Walnut St. in The Philadelphia Building. The team placed a high priority on location for the new office, especially with regard to public transportation and local areas of interest. “We are thrilled to strengthen our firm’s presence in the Philadelphia market,” said Neil B. Liebman
In July, the concrete mat foundation was poured for Philadelphia’s new dual-branded W and Element Hotels at 15th and Chestnut Streets. The 24-hour pour involved 600 cement trucks, a half-acre of eight-foot-deep concrete, and intense construction coordination on a tight urban site.Teammates from Cope Linder Architects, O’Donnell & Naccarato structural engineers, and Tutor Perini Building Corp. were on hand for the pour and were interviewed about this significant new constructi
PHILADELPHIA, PA — On behalf of ToBox, Binswanger announced a 2,600 s/f, ten-year, retail lease from Leroy E. Kean Corporation at 1822 Chestnut St. in Philadelphia.
Founded by Tung To in 2013, ToBox is an upscale men’s footwear boutique known for its high-end merchandise and impeccable shoe shines and restorations.
Built in 1887, 1822 Chestnut St. is a premier location for a retail business. The former Duke and Winston space in the 13,532 s/f four-story retail and residen
PHILADELPHIA, PA — Marcus & Millichap has announced the relocation of its Philadelphia office to Center City Philadelphia and the opening of an additional office in Wynnewood. The main office’s address will be: One Commerce Square, 2005 Market St., Suite 1510, Philadelphia, PA, 19103. On May 27th, 2016 the firm opened a new office at 308 East Lancaster Ave. in Wynnewood, Pa., 19096. Brenton Baskin, regional manager of Marcus & Millichap’s Philadelphia office, will lead both m
Philadelphia, PA — High Concrete Group in Denver, PA played a key role in creating a “gravity defying” and very unique 92,000 square foot, 4-story office building in the heart of Philadelphia’s booming Philadelphia Navy Yard Corporate Center. The $34 million building was designed by world class architect Bjarke Ingels Group (BIG), a global architectural firm based in Copenhagen and New York. The design concept for 1200 Intrepid was inspired by its surroundings, specifically C