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PHILADELPHIA-As Indianapolis-based Simon Property Group becomes the sixth developer in three decades to abandon plans for the city's Delaware riverfront, Mayor Street sets a tight deadline for decision-making. Pennsylvania-based Keating Group and Tower Investments step into Simon's wake.
PHILADELPHIA-A $25-million check from the man who gave The Kimmel Center a jump-start and its name gets the long-planned new National Museum of American Jewish History off the ground. The 80,000-sf, five-story, glass-and-stone structure is planned for Independence Mall.
PHILADELPHIA-King of Prussia, PA-based O'Neill Properties pays $73.62 per sf for the railroad company's former data center located on 5.6 acres at 750 Moore Rd. in King of Prussia. The property is vacant and expandable to 86,000 sf.
PHILADELPHIA-After two tries, the state unloads Laurelton Center, a 52-building facility for the mentally handicapped 30 miles east of State College, PA. In lieu of cash, owners of Woodward Camp trade unspecified construction investments, future taxes and economic benefits worth $3.8 million.
PHILADELPHIA-In three transactions, the Plymouth Meeting, PA-based retail REIT signs leases totaling 11,267 sf of additional space at Whitemarsh Shopping Center in Conshohocken, PA; Park Hills Plaza in Altoona, PA and at a former Friendly's restaurant next to its headquarters.
PHILADELPHIA-The Baltimore-based owner puts the 18-story, 435,000-sf office building at 3535 Market St. on the block for an asking price of $195.40 per sf. Located in the University Science Center, it is 93% leased at about $25.50 per sf.
PHILADELPHIA-Hit with an estimated $50-million loss on an Enron-built $280-million power plant in Illinois, Pittsburgh's largest locally-owned construction firm will stay in offices in nearby Large, PA and sell or lease its nearly completed 84,000-sf headquarters at The Waterfront.
PHILADELPHIA-The 21.4% third-quarter vacancy rate for office space in suburban Columbus, OH is 1.9 points higher than in third quarter 2001, pushing asking rates down $0.19 per sf and fostering incentives that cut effective rates by between 10% and 20%.
PHILADELPHIA-Although third-quarter office market data shows a drop of $0.11 per sf in asking rental rates, the vacancy rate held at 15.7%, and sublease space availability is slowing, suggesting the worst is over, according to Grubb & Ellis research.
PHILADELPHIA-The Tarrytown, NY-based company pays $63.83 per sf for the property in the Port Richmond section of the city. The community center is co-anchored by a Sav-A-Lot supermarket and 100% leased. This is DLC's second acquisition in the state.
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