Philadelphia
IMC Construction Completes PA Office Renovations
Designed by Erdy McHenry Architecture, Arborcrest 5 now offers tenants access to a full-service cafe, a yoga room, lounges, a fitness center and a basketball court.
Foxfield and Novaya Receive $8M Loan for NJ Acquisition
The joint venture invested in three properties located within Pureland Industrial Complex, a 3,000-acre park providing immediate access to major distribution routes and the Ports of Camden and Philadelphia.
NKF Expands Philadelphia VAS Team
The Valuation & Advisory group rapidly grows nationally and locally. NKF’s Philadelphia office hired two veterans with approximately 45 years of combined real estate experience.
Skanska Appoints new SVP in PA Office
In his new role, Todd Lofgren will oversee the account management team, train new employees and develop the office’s regional strategy.
Meridian Arranges $54M for New Pod Hotel
Clients Modus Hotels and Parkway Corp. will utilize the financing to develop Pod Philadelphia, an 11-story, 252-key micro-hotel.
Philly Sheraton Lands New Owner, Planned Makeover
The Buccini/Pollin Group acquired the 364-key property in the Old City district for almost $100 million. The Delaware-based company is set to renovate and rebrand the hotel.
Somerset Properties Sells Office Portfolio in NJ
The 304,732-square-foot portfolio was 94 percent occupied at the time of sale. The office buildings are all located within minutes of major thoroughfares.
Office Tower Trades for $32M in Philly’s CBD
The asset’s location, coupled with its size resulted in a competitive bid process, with multiple interested parties competing to nab the 15-story office tower.
Liberty Property Trust Sells Suburban PA Office Portfolio
The company sold the assets in two separate transactions totaling about 780,000 square feet. The properties are located in Wayne, King of Prussia and Malvern.
1788 Holdings Acquires PA Industrial Asset
Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.