Philadelphia

GREENWICH, CT-A Starwood Capital Group fund has agreed to buy the portfolio of 18 hotels, the bulk of which are located in Connecticut and Pennsylvania, for roughly $155 million.

BLUE BELL, PA-PCCP, LLC is providing the senior loan to recap Sentry Park West, a class A, five-building office complex.

PHILADELPHIA-NAI Bluestone Real Estate Capital in Philadelphia has completed five financing deals totaling more than $70 million in the region.

HATBORO, PA-The Galman Group financed a four property portfolio in Montgomery County through Beech Street Capital using Fannie Mae DUS loans.

BENSALEM, PA-The new owners Mnop, Inc. plan to reposition the property in hopes of leasing up the other half.

PHILADELPHIA-The all-cash deal moved the buyer into the ownership position of the 506-unit multifamily property, which then finished out the foreclosure process.

KING OF PRUSSIA, PA-Owner Simon Property Group is in the early stages of planning for the 140,000-square-foot connector. But construction should not effect day-to-day operations, Chief Marketing Officer Mikael Thygesen tells GlobeSt.com’s Debra Hazel.

PITTSBURGH, PA-The senior secured loan will refinance the acquisition costs and some capital expenditures for 11 Stanwix Street.

PHILADELPHIA-Marcus & Millichap has arranged the sale of an apartment complex in Philadelphia's Overbrook section.

WILMINGTON, DE-Pennsylvania-based Keystone Property Group has paid $22 million for Citizens Bank Center, a 221,686-square-foot office tower in Wilmington, Delaware.

PHILADELPHIA-Executives from companies including Kamson Corp., Brandywine Realty, Campus Apartments, Kreigman & Smith and more will help guide the development of programs at the new Goodwin College of Professional Studies.

PHILADELPHIA-The Drake, a residential property located at Spruce and 15th streets, has completed $28.2 million in refinancing.

Philadelphia-The president of PREIT Services LLC and PREIT-RUBIN Inc. gives GlobeSt.com a status report on holiday sales so far, and how brick-and-mortar retail venues can compete with the increasingly mighty Internet.

NEW YORK CITY-Student housing is also seeing cap rates that are closer to what multifamily assets trade for, says Campus Apartments' Bernstein.

PHILADELPHIA-Five Below is moving its corporate headquarters from 1616 Walnut to 1818 Market St. in Philadelphia.

OAKS, PA-The 119,689-square-foot absolute net-leased store has 13 years left on the lease, according to Marcus & Millichap, which is marketing the property.

NEW YORK CITY-Retailers are expanding, their balance sheets look better and they're not asking for as many concessions, says PREIT's president.

PHILADELPHIA-Internet distribution and pent up demand are helping the industrial sector, which hasn't seen a lot of new building, says Anthony Hayden.

PHILADELPHIA-Some Philadelphia suburbs are doing better than others, but overall the market has hit bottom, says Brandywine's Rich McGuckin.

STATE COLLEGE, PA-Four years in the making, the Institute for Real Estate Studies is creating networking programs in major cities to promote business and increase opportunities for current students.