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WEST CONSHOHOCKEN, PA-In a move that cuts costs and strengthens cash flow, the REIT sells shares held by two unaffiliated groups that include former board members and exchanges them for operating partnership units.
HORSHAM, PA-A vacant, 204,087-sf, class A building on 17 acres here is up for sale. Further west in Frazer, PA, a 10,000-sf building is marketed for lease or sale at an asking price of $1.1 million.
PHILADELPHIA-Although the Center City office vacancy rate fell to 11.6% at year-end, according to Trammell Crow research, tenants remain in the driver's seat. Owners let them re-write stay-put terms, while others provide generous relocation perks.
PHILADELPHIA-The owner of the Ballroom at the Ben Franklin expands its stake in Center City as exclusive operator of the 44,269-sf special event venue on the ninth floor of the Wanamaker Building.
PLYMOUTH MEETING, PA-About $30.2 million in net sales gains sent the company's 2003 net income to $85.8 million during execution of a business plan that president and CEO Gerard Sweeney calls a "balance sheet strengthening program.
PHILADELPHIA-Downtown Works' director Midge McCauley continues to head the former Kravco division, founded in 2001 to specialize in the revitalization of downtown districts.
YORK, PA-The state housing finance agency approves a $1.5-million financing package to convert 15 three-story buildings here into 38 new apartments. On completion, the Fairmount development will be valued at $5.2 million.
DUBOIS, PA-For $34.5 million, the shopping center REIT adds two properties anchored by Supervalu Shop 'n Save supermarkets to its portfolio. They are 190,000-sf Dubois Commons and 256,000-sf Townfair Center in Indiana, PA.
FRANKLIN CENTER, PA-After handing out pink slips to 200 employees last November, the commemorative coin maker that rose to "king of kitsch" closes its museum and 30 stores, including one at King of Prussia Mall.
PHILADELPHIA-Bernstein Cos. sells the 456,000-sf, 12-story office overlooking Independence Park to Triple Net Properties for "almost $35 million," the California buyer tells GlobeSt.com.
From Placer.ai
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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