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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
WP Realty Begins Round Five With $115M
By Brian K. Miller
PHILADELPHIA-The Bryn Mawr-based company invests in Mid-Atlantic and Northeastern US shopping centers it believes will produce a 20%-plus net IRR to investors over a five-year hold. ... Full Story
BPG Properties Lays Off 10% of Corporate Staff
By Brian K. Miller
PHILADELPHIA-The locally based private equity real estate fund manager majority tells GlobeSt.com that most of the eliminated positions were construction-related. ... Full Story
Main Line Health Inks $23M Lease Deal
By Brian K. Miller
RADNOR, PA-The non-profit health system serving portions of Philadelphia and its western suburbs leases a 100,500-square-foot building at Keystone Executive Center. ... Full Story
Most Financial Reforms Won't Pass, Aren't Needed
By Gina Passarella
PHILADELPHIA-Few of the current proposals out there in response to the economic collapse will actually pass — and those that do won't have a huge impact, panel says. ... Full Story
Rite Aid Negotiates Rent Cuts
By Debra Hazel
CAMP HILL, PA-The drugstore chain achieves reductions on 20% of its weakest stores, or 465 units. ... Full Story
Fameco Starts Distressed Retail Service
By Ian Ritter
PLYMOUTH MEETING, PA-Fameco will assist owners of distressed retail assets in the Mid-Atlantic in improving valuation. ... Full Story
Capmark To Choose Bankruptcy Over Firesale?
By David Jacobs
PHILADELPHIA-Capmark’s debtors need to agree to release the servicing division, and getting everyone to play nice may prove to be quite an uphill battle. ... Full Story
Challenge: How to Market an Auto-Supplier Plant
By Ian Ritter
LANDSDALE, PA-BPG Properties is hoping it can sell an auto-parts manufacturing plant to a different kind of firm. ... Full Story
Pep Boys 2010 Expansion Doubles This Year's
By Ian Ritter
PHILADELPHIA-The retailer is planning to open between 20 and 40 new stores next year, up from 15 in the current fiscal period. ... Full Story
Buffet, Others Bet $490M on Capmark
By Ian Ritter
HORSHAM, PA-But the firm posted a $1.6-billion loss and could file for Chapter 11 bankruptcy. ... Full Story
Board Votes to Keep Foxwoods on River
By Brian K. Miller
PHILADELPHIA-The state Gaming Control Board conditions its allowance of more time to build the slots parlor on it being built along the Delaware River in South Philadelphia.
... Full Story
OrthopaediCare Buys Six-Acre Pad Site
By Brian K. Miller
PHILADELPHIA-The company pays $3.2 million for the site, which sits within BPG Properties Ltd.’s New Britain Corporate Center, a 62-acre master planned office campus.
... Full Story
1,200-Acre Glendorn Resort Set for Auction
By Brian K. Miller
BRAFORD, PA-The Relais & Chateaux property is a fully operational family estate turned four-season resort that includes a 20,000-square-foot Main Lodge and 14 guest cabins ranging from 1,200 to 9,000 square feet. ... Full Story
Harley Davidson Mulling Five Options
By Brian K. Miller
YORK, PA-The motorcycle maker is deciding whether to rework its local plant, currently its largest manufacturing facility, or start anew in Shelbyville, KY; Murfreesboro, TN; Shelbyville, IN; or Kansas City, MO.
... Full Story
Foxwoods’ Slots License Extension Hearing Set
By Brian K. Miller
HARRISBURG, PA-The state Gaming Control Board this week will hold a hearing on whether to extend the slots license for the yet-to-be-built Foxwoods Casino. ... Full Story
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