Philadelphia
Big Deal! 29 Office Buildings in Greater Philadelphia Change Hands
Brookwood Financial Partners has expanded its footprint in the Philadelphia suburbs with the acquisition of a 29-building office portfolio.
RECon Special Report: Insiders Share Coast-to-Coast Insights
A visitor to RECon this week could tour real estate markets around the country without setting foot outside the Las Vegas Convention Center.
CBRE Global Investors Takes 2 in Philadelphia
The Los Angeles-based firm paid a reported $200 million for two Class A office buildings in Center City.
Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.
Liberty Sells Office, Industrial, Flex Properties Across States
Liberty Property Trust announced it has entered into an agreement to sell 97 properties totaling 6.6 million square feet of space and 159 acres of land for approximately $705 million. The deal includes the company’s Jacksonville holdings, a portfolio of 32 properties that total more than 2.1 million square feet.
Historic Buildings to Become Mixed-Use Community in Old City
Behind the $20 million project is Alterra Property Group, a locally-based real estate investment, development and management company who has built and/or redeveloped hundreds of housing units in Philadelphia’s historic district.
Former Broad Street Armory Building Demolished, Replaced by Apartments
The 127-year-old Broad Street Armory building, one of Philadelphia oldest constructions, is almost history. Less than one month after a crane started tearing down the long-vacant crumbling building located at 1221 South Broad Street in Passyunk Square, the Zoning Board of Adjustment approved a zoning variance to developer Michael Carosella’s plans to replace the property with a new, modern structure that will include 50 apartments.
Liberty Property Trust Brings New Marriot Hotel to Navy Yard
By Veronica Grecu, Associate Editor
The Philadelphia Inquirer reports that real estate investment trust Liberty Property Trust is close to completing the financing for a new Marriot hotel that would be located in the city’s Navy Yard complex. The announcement is […]