Philadelphia
Drexel University Signs 185 KSF Lease in Philly
In downtown Philadelphia’s largest office expansion deal of 2012, Drexel University has graduated from 67,000 square feet to 186,000 square feet at Three Parkway.
Iroko Moves into New HQ Building at Philadelphia’s Navy Yard
Iroko Pharmaceuticals hosted a ribbon cutting ceremony, which was attended by Philadelphia Mayor Nutter, local officials and more than 150 attendees.. “Iroko represents a growing presence within Philadelphia and The Navy Yard’s business landscape, and provides critical economic momentum to the region by triggering job growth at an important time,” said Philadelphia Mayor Michael Nutter who attended the opening ceremony at the South Philadelphia site.
Suburban Philly, Oklahoma City Retail Assets Totaling 777 KSF Reel in $103M
Not all commercial real estate investors are in a San Francisco, Washington, D.C., or New York state of mind. Premier assets in non-premier locations like Deptford Landing in Deptford, N.J., and The Shops at Moore in Oklahoma City, Okla., have moved up higher on buyers’ radar.
Work Starts on $17 Million Affordable Housing for Seniors in Mt. Airy
Philadelphia-based real estate developer Nolen Properties broke ground last week on a new senior housing complex in the Mt. Airy neighborhood. The $17 million investment envisages a brick-and-terra cotta landmark building constructed in 1895 which will be upgraded and transformed into a 57-unit residential facility.
Candlebrook, Angelo Gordon Buy Suburban Philly M-F Asset for $83M
Candlebrook Properties and Angelo, Gordon & Co. have snapped up Echelon Glen, an 884-unit apartment complex in Voorhees, N.J., roughly 15 miles outside of Philadelphia.
Philly Developer Could Expand Ritz Five Movie Theatre, Add Apartments on Top
A Philadelphia developer is in the preliminary stages of a redevelopment project at the Ritz Five movie theatre located at 214 Walnut St. in the Society Hill neighborhood.
North Philadelphia Data Center Sells for $65 Million to Carter Validus
Tampa-based Carter Validus Mission Critical REIT, Inc. has purchased a data center located in the Byberry Industrial Park in the Greater North Philadelphia area.
$100 Million Student Residence Breaks Ground Near Temple University
By Veronica Grecu, Associate Editor The former John Wanamaker School building located at 12th Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. Though the official groundbreaking ceremony was held last week at the site, the project was originally presented in 2008 when […]
JBJ Soul Homes is Philly’s Newest Low-Income Housing
November 13 was the official ground breaking for a new mixed-use project on a half-acre triangular block located at the intersection of Broad Street, Fairmount and Ridge Avenues in the Francisville neighborhood and close to Philadelphia’s iconic Divine Lorraine building.
Penn Medicine to Add New Medical Facility in West Philadelphia
Penn Medicine, one of the world’s leading academic medical centers, has announced plans to move forward with Phase II of an expansion plan of the Penn Presbyterian Medical Center (PPMC) campus located in the University City section of West Philadelphia.