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Endurance/American Realty JV Sells York, PA, Industrial for $60M

YORK, PA—A joint venture of Endurance Real Estate Group and American Realty Advisors has sold 325 S. Salem Church Road, a 785,400 square foot class A bulk distribution facility in York, PA to an undisclosed buyer for $60 million, or $76.39 per square foot.

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Philadelphia Headlines

Matthews Retail Advisors Brokered Lycoming PA Non-Core Asset Sale for PREIT

PENNSDALE, PA—With the successful closing of the Lycoming Mall sale, Los Angeles-based Matthews Retail Advisors is helping PREIT conclude its fire sale of 13 poorly performing properties.

Seven KBS Buildings in PA and NJ Achieve Wired Certification

WAYNE AND KING OF PRUSSIA, PA, AND FLORHAM PARK, NJ—Seven KBS properties, two in the Philadelphia area and five in Florham Park, NJ, in have achieved Wired Certifications from WiredScore, which created the international standard that distinguishes best-in-class Internet connectivity in office buildings.

Pennrose Investing $250K in Regional Training Centers

PHILADELPHIA—Pennrose Properties will invest nearly a quarter of a million dollars to create three Pennrose Academy Regional Training Centers in Philadelphia, nearby Mt. Holly, NJ, and in Baltimore, MD, to support training for the organization’s property management and development employees, and to provide a location for Pennrose Academy programming for Pennrose residents.

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How Incubator/Accelerator Space Affects SD CRE

SAN DIEGO—With overall life-science space vacancy here being below 7%, the incubator/accelerator business model fills a vital role in the market’s life-sciences real estate sector, CBRE’s Jon Engle tells GlobeSt.com EXCLUSIVELY.

Renovations, Conversions Span All Sectors

SAN DIEGO—With land scarce and at a premium, adaptive re-use and renovations continue to be the name of the game in San Diego’s commercial real estate sector, Voit’s Ryan King tells GlobeSt.com in this EXCLUSIVE look at the market.

Why Crowdfunding Will Keep Gaining Traction

ATLANTA—“From a maturity standpoint, real estate crowdfunding is in its infancy…”

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