Philadelphia
US Storage Centers Expands in PA
The firm has added Philly Self Storage, a 1,545-unit storage facility, to its portfolio. SVN Commercial Property brokered the sale of the property.
Marcus & Millichap Facilitates Sale of 2 FedEx Centers
The industrial assets are located in Atlanta and Marcus Hook, Pa., and changed hands for $32.3 million and $15.4 million respectively.
Las Vegas Sands to Sell Philly-Area Casino for $1.3B
Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the property in Bethlehem, Pa. The transaction is scheduled to close by year’s end or in early 2019.
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.