Philadelphia
IMC Construction Hires Health Care Project Director
Arthur Brinkworth brings 32 years of industry experience, including 25 in facilities management, to the role of project manager at IMC Construction. In this capacity, Brinkworth will oversee the company’s health care construction projects.
Suburban Philly Devon Square Trades for $34M
In a deal brokered by HFF, the two-building office complex in Wayne, Pa. was sold by a joint venture of Keystone Property Group and Argosy Real Estate Partners.
Independence Realty Trust Aims High With New HQ
The firm moved its corporate offices to Philadelphia’s tallest skyscraper and currently occupies an entire suite at the recently refurbished Two Liberty Place.
Penn Medicine Kicks Off $1.5B Philly Project
The Pavilion, a 1.5 million-square-foot hospital rising at the site of the former Penn Tower in West Philadelphia, marks the largest development in the university’s history.
Cush & Wake Adds Managing Director to Philly Team
After a five-year tenure at JLL, James Adams will be handling the company’s project and development services in the region. He will also be performing owner representation and consulting for clients.
Cambria Hotel Philadelphia Tops Off
The 15-story, 223-key hotel will open in the first quarter of 2018. Built by Pearl Properties, the building was designed by DAS Architects Inc. and will be managed by Concord Hospitality Enterprises Co.
Philadelphia’s Apartment Revival
With developers ramping up construction, multifamily demand remains strong, as the city continues to attract both Millennials and Baby Boomers looking to downsize.
Allentown to Harbor Tallest Building in Lehigh Valley
Five City Center will break ground in 2018 and will include a 24-story office tower, two residential buildings totaling 225 apartments and a 1.7-acre park.
Philly-Area Offices Trade for $13.2M
A partnership of Red River, Advalurem Group and Lincoln Property Co. acquired a Bucks County office property in a deal arranged by CBRE.
Retail Center in Philadelphia Sells for $52M
Bakers Center, a grocery-anchored shopping center, is located on a 27-acre lot in an area poised for growth. The asset is anchored by ShopRite, Ross Dress for Less and Planet Fitness.