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WEST CONSHOHOCKEN, PA-Strength in the REIT's speculative properties in New Jersey and Indianapolis offset weaker results in Central Pennsylvania during first quarter 2004. Greater Harrisburg lags the retail-driven recovery, says CEO Jeffrey Kelter.
HARRISBURG, PA-ECMG Syndicate of New York-based UBS Securities LLC is the sole manager of the offering by CNL, a significant shareholder of Hersha Hospitality Trust. The over-allotment could add $3.2 million to the proceeds.
WYOMISSING, PA-Income from operations for the locally based gaming company rose to $54.3 million for the quarter ended March 31 this year, compared with $47.5 million for the same quarter a year ago.
PHILADELPHIA-As capital continues to pour into real estate investments from multiple sources, recent increases in mortgage interest rates will have a modest effect on cap rates, according to panelists at Integra Realty Resources' investor symposium here.
PHILADELPHIA-The New York office of Holliday Fenoglio Fowler is marketing the 304,700-sf asset, which is fully leased long-term to Morgan, Lewis and Bockius. Area brokers suggest it will command about $69 million.
STATE COLLEGE, PA-With the acquisition of Lewisburg, PA-based Sun Bancorp, Omega adds 23 locations to its existing 44, all in Pennsylvania, and doubles its assets to $2.1 billion. The SunBank name remains.
PHILADELPHIA-As asking rental rates dip, Center City retains another major corporate tenant. FMC inks a 10-year extension, keeping its corporate headquarters in HRPT Properties' 1.3-million-sf, 53-story tower at 1735 Market St.
PHILADELPHIA-SVPs Steve Italiano and Pat Green are marketing leases for build-to-suit facilities of between 50,000 sf and 400,000 sf on 17 acres in a KOZ opposite the airport with direct access to I 95.
JENKINTOWN, PA-Under a new "Landlord of Choice" program, the REIT will pay approximately $87 million for properties being developed by Koll Development for Citigroup in Louisville, KY, Greensboro, NC and Boise, IA.
PHILADELPHIA-Loans totaling $3.5 million are granted for construction of a 70,000-sf building on Ashton Road and a 77,814-sf building on Holstein Avenue. They are among eight projects to share more than $6.4 million in PIDA loans.
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.
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 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