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PhiladelphiaMarch 10, 2010 Philadelphia Marriott Downtown - Philadelphia, PA
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Sales at Urban Outfitters Chains Vary By Ian Ritter PHILADELPHIA-Anthropologie records a 10% same-store sales jump, while the Urban Outfitters chain reports flat results. ... Full Story

Sales at Urban Outfitters Chains Vary By Ian Ritter PHILADELPHIA-Anthropologie records a 10% same-store sales jump, while the Urban Outfitters chain reports flat results. ... Full Story

Philly Tower Sale a Loss for Deutsche By Ian Ritter PHILADELPHIA-But the purchase of 2000 Market St. is a rare deal in a city that has seen office transactions plummet in the last year. ... Full Story

Hersha Adds to Hotel-Management Portfolio By Ian Ritter PHILADELPHIA-The firm will co-develop one facility and is managing three others, in New Jersey, New York and Pennsylvania.
... Full Story

Hersha Hospitality Gains Investor Interest By David Jacobs PHILADELPHIA-Plus, happenings on Broad Street, the Franklin Mint redevelopment and Marcus & Millichap's success.
... Full Story

Two PA Centers Trade Hands in Separate Deals By Ian Ritter ALLENTOWN, PA-Larken Associates buys a center here, and a Goldstein Group-managed assets flips in Bucks County for a total of $33 million. ... Full Story

Rite Aid Gets Rent Relief, Expands Slowly By Debra Hazel CAMP HILL, PA-Plus executives at the drugstore chain say fiscal 2011 closures are likely less than in 2010. ... Full Story

Capmark Gets a New Life By David Jacobs PHILADELPHIA-Berkshire Hathaway-owned Berkadia Commercial Mortgage launches this week from Capmark's ashes. ... Full Story

U-Store-It Closes $450M Credit Facility By Ryan Clark WAYNE, PA-The storage company will use the proceeds to repay outstanding balances and replace the existing $450-million facility. ... Full Story

Mellon Bank Center Scores $175M Financing By Ian Ritter PHILADELPHIA-The loan on the 1.3-million-square-foot Downtown office tower is a 10-year non-recourse paper with a 5.66% fixed rate. ... Full Story

Diapers.com Consolidates Into 411,000 SF By Ian Ritter GOULDSBORO, PA-The lease, which the e-tailer can expand by 400,000 square feet, is the first tenant signed in First Industrial's 1.3-million-square-foot facility. ... Full Story

Griffin Buying Building, Land out of Bankruptcy By Brian K. Miller PHILADELPHIA-Publicly traded Griffin Land & Nurseries Inc. of New York City is acquiring a 120,000-square-foot industrial building and 51 acres of raw land about 30 minutes north of the central city. ... Full Story

Brandywine Lures Feldman Mall President By Brian K. Miller RADNOR, PA-Feldman Mall Properties says its CFO/president Thomas Wirth tendered his resignation effective next month in order to join Brandywine Realty Trust. ... Full Story

Another Buyer for Capmark? By David Jacobs PHILADELPHIA-There are buyers out there other than Warren Buffett. Also, will the luxury development 10 Rittenhouse Square work out? ... Full Story

Urban Outfitters Renews Expansion Efforts By Debra Hazel PHILADELPHIA-The company will return to its historic expansion levels next year after a record-breaking quarter. ... Full Story

PREIT Fundamentals Dip on $10M Loss By Ian Ritter PHILADELPHIA-But the mall and shopping center owner is actively pursuing non-traditional tenants to keep occupancy at favorable rates. ... Full Story

Liberty Property Trust Considers Acquisitions By Ian Ritter MALVERN, PA-But CEO Bill Hankowsky expects that the market will continue to have problems through next year. ... Full Story

Capmark Files for Bankruptcy By Ryan Clark HORSHAM, PA-After filing a $1.6-billion Q2 loss, the firm will seek bankruptcy protection. ... Full Story

Will Citibank Fold in Philly? By David Jacobs PHILADELPHIA-The future is uncertain for Citi's local bank branches after the company announced it is exiting some markets. ... Full Story

Levin Properties, Partner Buy $22M Center By Ian Ritter PHILADELPHIA-Levin Management Corp. arranged the acquisition of Morrell Plaza for the firm that shares its name and is part owner of the leasing and management outfit. ... Full Story

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