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PHILADELPHIA-The loss of one, 1.4-million-sf industrial tenant in North Philadelphia added to consolidations and other exits to bring the area's total loss for the year to 3.2 million sf, according to Grubb & Ellis data.
LIMERICK, PA-The WI-based package delivery company expands operations to Southeastern Pennsylvania under a three-year lease at a new industrial property near Limerick Airport Business Center. The aggregate rental approaches $1 million.
DUBOIS, PA-Two Pennsylvania shopping centers--190,000-sf Dubois Commons here and 216,000-sf Townfair Center in Indiana, PA0--feed the Port Washington, NY-based REIT's continuing appetite for grocery-anchored centers in this state.
PLYMOUTH MEETING, PA-In the largest of two transactions, Unitrin Direct Insurance Co. leases 21,814 sf at One Plymouth Meeting, taking occupancy to 94.7%. GSA leases 9,397 sf at Rose Tree Center in Media, PA.
LANGHORNE, PA-The Dallas-based hospitality REIT pays $16.7 million cash for the hotel and an adjacent 56,000-sf office building. Ashford plans to sell the office building and invest $5.7 to fully renovate the hotel.
PHILADELPHIA-For $97.56 per sf, the locally based retail REIT adds 328,000-sf Gallery at Market East II to the 193,000-sf adjacent property it acquired from Rouse Co. last April. In-line occupancy is 78.3%.
COLLEGEVILLE, PA-Children's Baptist Services sells the 12,000-sf office building it occupies at 373 East Main St. here to a local company for more than $1.1 million and inks a partial leaseback for 5,000 sf.
ALLENTOWN, PA-Bombay Co. leases 410,208 sf in the 607,608-sf warehouse and distribution facility recently completed by Opus East at 860 Nestle Way. The aggregate rental exceeds $17 million.
KING OF PRUSSIA, PA-Michael Araten, former chief litigator with Toll Brothers, joins O'Neill Properties, which focuses primarily on converting surplus brownfields into office and residential facilities.
PHILADELPHIA-Less than a month after four former members of the local office of C&W's investment sales team move to CBRE, James Sheehan leaves CBRE to become senior director of Cushman & Wakefield's financial services group.
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