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PHILADELPHIA-In two unrelated transactions, three apartment buildings aggregating 58 units sell for just over $5 million. Pearl Properties buys Sedgley Commons and Pineview from AMC Delancey. Private owners sell the Hillside complex.
NORTHAMPTON, PA-Build-to-suit specialist JG Petrucci Co. acquires a 12-acre vacant parcel at the intersection of Route 329 and Horwith Drive and estimates full build-out cost at $10 million. The land has KOZ tax-free status.
HARRISBURG, PA-The nine-story, 330,000-sf building in the Capitol Complex here will house the Pennsylvania Supreme, Superior and Commonwealth courts and add 1,700 parking spaces. Completion is scheduled for first quarter 2008.
PHILADELPHIA, PA-Metro Development begins its conversion of the former Curtis Publishing printing facility at 1101 Washington Ave. into 78 condos. It is adding 40,000 sf above the five-story, 120,000-sf existing structure, which dates back to 1920.
BETHLEHEM, PA-With leases for an aggregate 14,779 sf, the most recent headquarters of bankrupt Bethlehem Steel nearly fills up. Published rental rates for the 10-story, 103,956-sf building range from $14.75 per sf to $15.50 per sf.
PLYMOUTH MEETING, PA-The REIT inks an underwriting deal with Citigroup for the sale of nearly nine million shares of stock, including an over-allotment, at $28.17 a share. Proceeds will help fund its $600-million acquisition of Rubenstein Co.
HORSHAM, PA-The group hopes to acquire up to $500 million in corporate real estate assets in 2005 and lease them back to the sellers. Former principals of such a program at GE Capital head the business unit.
BETHLEHEM, PA-BethWorks Now, a partnership among principals of New York City-based Newmark Real Estate and two lawyers, buys the long-vacant Bethlehem Steel Works for a mixed-use community. One partner tells GlobeSt.com the development cost could exceed $450 million.
WAYNE, PA-Following its lease of an entire 135,400-sf office facility in the 14-building complex here for its new US headquarters, the UK-based pharmaceutical company inks for an additional 84,350 sf. The published rental rate is $26 per sf.
PHILADELPHIA-Healthcare facilities top the roster of recipients with $10 million each to Children's Hospital, U. of Penn's 1.2-million-sf Center for Advanced Medicine and Fox Chase Cancer Center.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource