Philadelphia
Metro Commercial Hires New EVP
Jim Savard stepped up as the company’s newest executive vice president of leasing, after occupying various executive roles at Core Realty and JLL.
WPT Industrial Expands to PA
The REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.
Suburban Philly MOB Campus Hits the Market
HFF is representing Franklin Realty Development in the sale of Norriton Medical Center, a four-building medical portfolio in East Norriton, Pa.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, an influx of young professionals and the boom in hospitality and development are helping the metro’s multifamily market keep its head above water.
Philadelphia Plaza Pushes Tolerance
Campus Apartments CEO David Adelman leads $7 million fundraising effort for Holocaust Memorial.
Capital One Shells Out $46M for Office Campus Acquisition
Earlier this year, U.K.-based AstraZeneca sold its U.S. headquarters in New Castle County to an affiliate of Delle Donne & Associates in a deal valued at $50 million, or $48.47 per square foot.
Goodman Preleases 1 MSF at PA Logistics Center
syncreon signed a seven-year lease to occupy one of the two industrial facilities at the Goodman Logistics Center Carlisle. The move is scheduled for early 2018.
Trailer Manufacturer Strengthens PA Footprint
M.H. Eby purchased a 95,000-square-foot production plant in Ephrata for $3.3 million. Eby currently operates two other facilities in Lancaster County, but intends to move all Pennsylvania manufacturing operations in the Ephrata facility.
Electric Factory Building in Philly Trades for $20M
Callowhill Center, the two-building office complex that houses the iconic Electric Factory music venue, changed hands after being under the same ownership since 1986.
Suburban Philly Office Asset Receives $6M Makeover
A joint venture of Carlino Commercial Development and the Rothman Institute succeeded in transforming the 85,000-square-foot Class C property into a premier Class A building.