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MALVERN, PA-Since Sept. 30, the REIT has gained approximately 537,000 sf for an average of $111.73 per sf. One building is here; four are in Horsham, PA; three are in Maryland; the other in Virginia Beach.
HAVERFORD TWP., PA-In a unanimous vote, local commissioners named Goldenberg Group and Pohlig Builders exclusive developers of the 212-acre, former state hospital site here. Construction costs are expected to exceed $180 million.
YORK, PA-The locally based developer plans to renovate the 449,470-sf former food distribution center on North Sherman St. here into a multi-tenant property. The $5.7-million purchase price includes a 25-acre land parcel.
HARRISBURG, PA-A report shows that this state is at a comparative disadvantage with peer states on housing fronts such as multifamily rental stock, housing assistance and the proportion of income residents pay in rents.
KING OF PRUSSIA, PA-By increasing its stake in Kravco Investments and Kravco Co. from 18% to 80% and from 15% to 50%, respectively, the developer brings the 2.8-million-sf King of Prussia Mall into its portfolio.
PHILADELPHIA-The third-quarter industrial vacancy for the entire Philadelphia MSA dropped to 11.7%, down from 12.4% in the previous quarter, according to Cushman & Wakefield data. Available sublease space, however, increased slightly, impeding robust growth.
FAIRLESS HILLS, PA-In an eight-year lease valued at $2.9 million, the warehousing and delivery service provider expands by 50% at 270 and 290 Canal Rd. here. Endurance Real Estate Group owns the four-building industrial park.
PHILADELPHIA-Tower Investments sells 142,200-sf Columbus Crossing shopping center on Columbus Blvd., and the three adjacent River View Plazas I, II and III here, which total 246,800 sf, to the Port Washington, NY-based REIT.
PHILADELPHIA-While same store occupancy in the REIT's portfolio fell from 96.6% to 95%, compared with third-quarter 2002, new leases in previously leased space rose $6.13 per sf on average and renewals also inched up.
HARRISBURG, PA-In the largest land sale in the history of the Commonwealth, Realen Homes pays $10.5 million for the 104-acre former Bensalem Youth Development Center and dedicates 30 acres to open space.
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