Philadelphia
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
Radnor Property Group to Move Forward with 25-Story Mixed-Use Tower Project
A controversial development project spearheaded by Radnor Property Group has finally received the green light for construction from the Historical Commission’s architectural committee.
Mack-Cali to Sell Suburban Philly Office, Land Assets for $233M
Keeping in line with its diversification strategy into multi-family projects and its retreat from non-core office assets, Mack-Cali has struck a deal to dispose of its nearly 1.7 million-square-foot office portfolio and three land parcels in suburban Philadelphia.
Historic Germantown Church to Become Waldorf School’s New Home in Philadelphia
St. Peter’s Episcopal Church is one of Philadelphia’s architectural jewels, but for the past eight years it has been lying vacant and blighted, with very little hope of resurrection.
Eakins Oval Reinterpreted as Urban Beach Area for the Summer
Eakins Oval, one of Philadelphia’s hot spots during summers thanks to its prime location right in front of the Philadelphia Museum of Art, will be transformed this summer into the city’s new center of fun. An initiative of Philadelphia Department of Parks and Recreation in partnership with the Fairmount Park Conservancy, the $180,000 project is supported by the William Penn Foundation and the City of Philadelphia.
200 Philadelphia Vacant Homes to Be Auctioned Off
Philadelphia will soon unload around 200 of its abandoned homes and properties around the city at a public auction that will be conducted by Max Spann, one of the largest real estate auction companies in the country. The announcement was made by Philadelphia Housing Authority (PHA) President and CEO Kelvin Jeremiah during an official event held last week in front of one of the houses offered for sale on N. Marston Street.
$127M in Financing Closes for 37-Property CRE Portfolio
It has a little bit of this and a little bit of that, and now it has $127.5 million in financing. A 2.3 million-square-foot portfolio encompassing 37 industrial, office and retail properties in metropolitan Philadelphia and Melbourne, Fla., has landed a three-year loan provided by Natixis Real Estate Capital.
Eagles to Spend $125 Million for Linc Revitalization
Lincoln Financial Field, the Philadelphia Eagles’ home for ten years, is on track for a two-year long revitalization process that aims to create an improved fan experience for the South Philadelphia venue, officials announced recently.
CardioNet to Relocate Headquarters to Class A Office Building in Malvern
Here North America, LLC, formerly known as NAVTEQ, a Chicago-based provider of Geograpfic Information Systems (GIS) data and electronic navigable maps, has recently closed on a sublease transaction with CardioNet.
Health Centers Industry Sees Improvement in Suburban Philadelphia
A 43-acre retirement community in Doylestown is only weeks away from embarking on an extensive $11 million renovation project, PhillyBurbs.com reports.