Philadelphia
Two Equity Commonwealth Office Assets Fetch $670M
In separate deals, the company has closed on the disposition of both 600 W. Chicago Ave. in Chicago and 1600 Market St. in Philadelphia.
Thor Equities Enters Philadelphia Market
The firm acquired 907 Market St., a 214,000-square-foot asset, part of the much larger Market East, which includes the Lits Brothers Building, East Market and Fashion District Philadelphia.
Stantec Promotes 6 in Philadelphia Office
The company’s multidisciplinary office will be under new leadership in several departments, with the promotion of multiple industry veterans.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
Peaker Powers Navy Yard’s Growth Spurt
The 6-megawatt facility is a crucial part of the energy strategy at the 1,200-acre redevelopment of the historic Philadelphia Naval Shipyard.
The Philly Met to Reopen, Lands $56M in Financing
After 110 years of history including being on the verge of demolition, a lawsuit and delayed redevelopment, Philadelphia Metropolitan Opera House is scheduled to reopen in late 2018.
The Story Behind NJ’s $426M Walkable Town Center
The large mixed-use development in Glassboro, N.J., is in its final stage. Nexus Properties’ Dante Germano revealed the 14-year evolution of the project, its challenges and how it transformed the South Jersey community.
Suburban Philly Portfolio Trades for Almost $80M
JLL secured financing for an approximately 640,000-square-foot office portfolio in King of Prussia. The buildings are part of the Renaissance Park corporate center.
CBRE Arranges Sale of Suburban Philly Office Park
Maguire Hayden Real Estate Co. acquired West Chester Office Plaza, a 116,621-square-foot, five-building ensemble located in West Goshen Township.
Sheraton Completes $7M Philly Hotel Renovation
Crescent Hotels & Resorts is the operator of the 250-key property constructed in the 1980s. Balongue Interiors handled the revamping process.