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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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Real Estate 2010
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