Philadelphia
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
Unlocking Philadelphia’s Office Market Potential
Avison Young Principal & Managing Director David Fahey discusses trends, challenges and upcoming projects that will change the metro’s landscape.
Blackstone Sells Downtown Philadelphia Hotel
A new owner has emerged for the 757-key property, which will regain the Sheraton brand following a $28 million renovation as part of a new franchise agreement with Marriott International.
Avison Young Welcomes New Philadelphia Principal
Wayne Hunt brings 42 years of experience to the position, with previous executive roles at Cushman & Wakefield, JLL and The Galbreath Co.
Avison Young Hires New Principal
Scott Martin has more than 15 years of commercial real estate experience. In the new role, he will help grow the firm’s Greater Philadelphia and New Jersey health-care portfolio.
PNL Cos. Sells Suburban PA Office Building
The company received $15.5 million for Malvern Executive Center, a Class A property in Malvern, Penn., purchased five years ago through foreclosure.
JV Completes Sale of PA Industrial Facility
J.G. Petrucci and The Davis Cos. have sold Wind Gap Logistics Center, a 349,012-square-foot warehouse and distribution property developed in 2018.
JV Plans New Office Building in Philly Sports Complex
Comcast Spectacor and The Cordish Cos. recently announced that they will build Pattison Place, a 200,000-square-foot premier asset adjacent to their Xfinity Live! mixed-use complex.
Toll Brothers Relocates PA Headquarters
The company leased an entire 163,000-square-foot office building in Fort Washington, Penn., and will move its 900 employees in the fall.
Endurance Real Estate Acquires $24M Industrial Asset
The property is situated within a short distance to interstates 95, 295 and 276. Previous ownership renovated the property in 2018 and renewed long-term leases for the three tenants.