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REALSHARE CONFERENCES
MEDICAL OFFICE BUILDINGS
November 12 - 13, 2009
The Four Seasons at Las Colinas - Irving, TX
 
Northern Virginia
December 1, 2009
THilton McLean Tysons Corner - McLean, VA
 
Full 2009 Conference Schedule >
PHILADELPHIA BREAKING NEWS
November 8, 2009
PREIT Fundamentals Dip on $10M Loss

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

MALVERN, PA-But CEO Bill Hankowsky expects that the market will continue to have problems through next year. ... Full Story

Capmark Files for Bankruptcy

HORSHAM, PA-After filing a $1.6-billion Q2 loss, the firm will seek bankruptcy protection. ... Full Story

Will Citibank Fold in Philly?

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

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

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

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

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

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

CAMP HILL, PA-The drugstore chain achieves reductions on 20% of its weakest stores, or 465 units. ... Full Story

Fameco Starts Distressed Retail Service

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?

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

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

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

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

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

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

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

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

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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