Wednesday, November 26, 2014
Last Updated: November 25, 2014 09:43pm ET

Philadelphia

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  • US Steel to Relocate HQ To Civic Arena Site
  • PITTSBURGH, PA—United States Steel will relocate its corporate headquarters operations from 600 Grand St. to a new headquarters building to be built at the site of the former Civic Arena in the city’s lower Hill District. FULL STORY

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  • ARC Purchase Sets Price Record for PA Lowe’s Location
  • SHIPPENSBURG, PA—ARC Real Estate Group, a private, New York-based family office, acquired a 139,535-square-foot, single-tenant, triple net-leased retail property fully occupied by Lowe’s Home Improvement at 250 S. Conestoga Dr. in Shippensburg, PA for $24.35 million. FULL STORY

  • Trump Entertainment, Atlantic City Reach Tax Deal
  • ATLANTIC CITY, NJ—Trump Entertainment and Atlantic City reached an agreement on Tuesday that allows the city to recoup $22 million in unpaid taxes on the Taj Mahal and Trump Plaza properties. The deal also allows Trump Entertainment to pursue legal claims to lower the tax debt. FULL STORY

  • Hillwood Acquires 95-Acre York County, PA, Site
  • EAST MANCHESTER TOWNSHIP, PA—Texas-basedHillwood Investment Properties has acquired a 95-acre tract in East Manchester Township, York County, PA within the township’s Industrial Zoning District. The site is approved for a 1.2-million-square-foot class A industrial building which Hillwood plans to build on a speculative basis. FULL STORY

  • Shopping Center Trades for $53M
  • PHILADELPHIA—Wharton Realty Group of Eatontown, NJ has acquired the One & Olney Square shopping center in North Philadelphia for $52.5 million. FULL STORY

  • Levin Management Inks Simply Fashion at Liberty Center I in Erie, Pa.
  • ERIE, PA—Discount women’s clothing retailer Simply Fashion has leased 5,800 square feet of space at Liberty Center I, re-joining the tenant mix at this key northwestern Pennsylvania shopping destination. Levin Management, exclusive leasing and managing agent for the 227,000-square-foot shopping center, announced the lease. FULL STORY

  • Woodmont Sells 34 Dauphin Drive in Central PA
  • MECHANICSBURG, PA—Woodmont Industrial Partners has sold 34 Dauphin Drive, which it acquired two years ago, to Exeter Property Group for $8 million. FULL STORY

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  • Westin Bonaventure, 404 South Figueroa Street, Los Angeles, CA 90071 CCIM THRIVE 2014

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