Philadelphia
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Home2 Suites Breaks Ground in PA
The 109-key hotel west of Philadelphia is slated to come online by next summer. Investment company Roch Capital owns the project.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
Suburban NJ Retail Center Reaches Full Occupancy
In a deal brokered by Wolf Commercial Real Estate, Burn Boot Camp signed a 6,000-square-foot lease, joining a roster of tenants comprising Panera Bread and EyeDesigns.
Real Capital Solutions Enters Philly Market
The company acquired Courthouse Square and Rockwood Office Park, two recently renovated office properties totaling more than 366,000 square feet in Wilmington, Del.
Maguire Hayden Snags Foreclosed PA Office Campus
Cassford Corporate Center in Berwyn, Pa., changed hands in a $9.3 million deal after Trinity Capital Advisors defaulted on a $21.6 million loan.
Macquarie Investment Management to Relocate Philly HQ
The company has agreed to occupy 145,000 square feet at Keystone Property Group’s 100 Independence Mall West in the city’s CBD, with plans to move in by 2020.
The Design Files: Embodying the Community Spirit
Architects are taking design to the next level by using input from the community to add more meaning to shapes. The Tangram development in Queens, N.Y., is an ode to Flushing, while residents at One Riverside in Philadelphia dictated the final layout of the condominium.
University of Pennsylvania Buys 247 KSF Industrial Asset
The property is less than 1 mile from Interstate 95 and approximately 3 miles from Philadelphia International Airport. Binswanger brokered the transaction.
Cushman & Wakefield Selects New Senior Director
With 15 years of industry experience, Shane Funston will focus on facilitating, managing and executing real estate strategies for a range of health-care clients.