Philadelphia
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
CRE Investors Set Sights on Secondary and Sunbelt Markets
JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re even turning their eyes toward the tertiaries.
Keystone NAP Reinvents Former Fairless Works Steel Mill into Advanced Data Center
Once a buzzing steel mill that employed thousands of people, the former Fairless Works located on the bank of the Delaware River in Bucks County will be replaced by an advanced data center that is expected to cater to the technology needs of the Northeast’s growing business environment.
Former Frankford Chocolate Factory, 1515 Market St. Up for Grabs for a Cumulative $100 Million
One of the largest sites available for development in Philadelphia is looking for a buyer as lawyers are liquidating its late owner’s real estate assets. Meanwhile, 1515 Market Street was put on the market and will be acquired for $85 million by Accesso Partners.
Brandywine Teams Up with LCOR/CalSTRS to Build $140 Million Mixed-Use Tower in Center City
Brandywine Realty Trust, the company behind the Cira Centre South development at 30th and Chestnut Streets, recently announced construction is imminent for a new mixed-use project in the heart of Philadelphia.
National Products Building Goes Residential, Keeps Historic Orange-Tiled Façade
By Veronica Grecu, Associate Editor After several redevelopment attempts that failed throughout the years since 2003, a group of developers plans to transform the block of six buildings located in Philadelphia’s historic Old City neighborhood between 2nd and Arch Street and within walking distance from one of the nation’s oldest blocks, Elfreth’s Alley. The former […]
Apartment Building on Sansom Street Changes Ownership in $40 Million Transaction
Roughly four months after paying nearly $29 million for the Oakwood Apartments, New York-based Pantzer Properties grabbed another residential building on the 1600 block of Sansom Street in the heart of Center City Philadelphia.
Wistar’s $100 Million Biomedical Research Tower Opens in University City
Last month the Wistar Institute, an independent biomedical research center, hosted a grand opening gala to celebrate its new research laboratory in the heart of Philadelphia’s University City district.
$42.5 Million Community Center Brings Healthcare Services, Literacy and Recreation Under One Roof
Starting 2016, Philadelphia will have a new community health and literacy center located on a full city block at the intersection of Broad and Morris Streets.
Franklin Mills Mall Changes Name to Philadelphia Mills, Starts Year-Long Renovations
Franklin Mills, Greater Philadelphia’s largest retail detsination after King of Prussia, is getting a facelift and a new name as part of a multimillion dollar renovation, the mall’s owner announced recently.