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Don’t Open That Door, McGee: Philadelphia Seventh Among Markets Without Enough Self-Storage

PHILADELPHIA—Among the markets identified in the report as having too much self-storage supply are: Oklahoma City, Memphis, Columbus, Kansas City, Salt Lake City, Houston, Dallas and Seattle. The top five under-supplied markets are New York, San Jose, Los Angeles, San Diego and Baltimore.

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Philadelphia Headlines

Cushman & Wakefield Arranges Acquisition Financing For Greencastle, PA, Industrial

GREENCASTLE, PA—The state-of-the-art facility was completed as a build-to-suit for Armada in 2013 as part of the consolidation and modernization of Armada’s Northeast logistics services for McDonald’s.

CBRE/FAMECO Negotiates Eight Retail Leases at Lehigh Valley Mall

TREXLERTOWN, PA—The $140-million shopping center is benefiting from significant growth in the immediate trade area and a substantial daytime population.

Reading-Based Carpenter Technology Moving Corporate HQ to Center City

PHILADELPHIA—Carpenter Technology's Philadelphia location will bring approximately 100 positions to the city, over time. The move by the specialty metals company provides better access to transportation, customer markets, world-class universities, and increased visibility with broad talent pools.

Spotlight On

C&W’s Urquhart-Bradley Surveys the Valuation Landscape

NEW YORK CITY—“As we look at growth and expansion, we’re looking at what our clients are doing,” the newly named Americas president of Cushman & Wakefield’s Valuation & Advisory group tells GlobeSt.com. “They’re becoming more sophisticated and more diverse.”

Research

Home Sales Strong But Follow National Softening Trend

BOSTON—The Greater Boston Association of Realtors and the Massachusetts Association of Realtors issued sales reports for the month of July that pointed to lower home sales volume and for-sale inventory, while modest increases in the median price for a home, both in Greater Boston and statewide.

Colliers Made Kristina Leighty An Offer She Couldn't Refuse

WASHINGTON, DC--Colliers International is expanding its project management service line by building a dedicated team for the brokerage community, which is where Leighty comes in.

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CRE's Best Bosses

True leaders manifest themselves not only through performance but also—and arguably more importantly—by the way their employees feel about them. Meet this year’s best bosses in the business.

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