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PHILADELPHIA-The company discovers it may not qualify as a REIT, withdraws its stock offering, seeks tax relief from the IRS, and warns that without relief it will be unable to meet taxes and penalties.
PHILADELPHIA-Owners of single-tenant retail facilities in York, PA and Allentown, PA obtain fixed-rate loans from Sun Life of Canada. Dick's Sporting Goods in York raises $3.5 million; Ollie's Bargain Outlet in Allentown takes $2.5 million.
PLAINFIELD TWP., PA-The Canadian manufacturer will begin operations in the 45,600-sf shell building here on March 31. JG Petrucci built the facility and is handling the interior fit out and a 10,000-sf expansion.
HARRISBURG, PA-The governor's proposed gaming bill would allow eight slots venues at racetracks and four at other locations in the state. He urges passage of the long-sought legislation to fund a $1-billion reduction in taxes.
BRISTOL, PA-Pitcairn Properties sells the industrial facility at 1900 Frost Rd. to Texas-based Cobalt and USAA Real Estate Co. for an undisclosed price. The building is fully leased to eight tenants.
PLYMOUTH MEETING, PA-For the third time in less than four months, the REIT redeems shares of preferred stock and announces a public offering. The sale of two million preferred shares should raise $50 million.
BLUE BELL, PA-The largest of four extensions and two new leases in the recently upgraded four-building complex here is a 15-year lease agreement for 23,100 sf, valued in excess of $3 million.
PHILADELPHIA-If stock in the retail REIT sells at the current trading rate of $37.36 per share, PREIT would add about $112 million to its coffers. The over-allotment could take the total closer to $129 million.
CHADDS FORD, PA-Brandywine Partners sells a 46,000-sf flex building on a 17-acre lot in Chadds Ford Plaza Business Park to Spitz Space Systems, a longtime tenant, for $3.2 million. The site allows for expansion or subdivision.
SWIFTWATER, PA-The Florham Park, NJ-based developer will construct a 130,000-sf office on the pharmaceutical giant's 174-acre, multi-building campus here. Ground breaks this quarter. Move-in is scheduled for June 2005.
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