PHILADELPHIA-Hersha Hospitality Management and AFC Realty Capital will renovate and operate a 24-room hotel here at 1234 Locust St. in Center City.

"Banks are looking for greater liquidity and real estate is one of the great ways for financial institutions to do that."

PHILADELPHIA-Walnut Street Capital gets 'positive' response from municipal and community audiences for its planned 1,500-foot, mixed-use tower in Center City.

NEW YORK CITY-Market research from ING Clarion predicts an easing of the recession by year's end, followed by an upturn in real estate fundamentals.

NEW YORK CITY-Market research from ING Clarion predicts an easing of the recession by year's end, followed by an upturn in real estate fundamentals.

HARRISBURG, PA-Four new licensed casinos scheduled to open by July 2009 could add $650 million per year in gross terminal revenues.

HARRISBURG, PA-Four new licensed casinos scheduled to open by July 2009 could add $650 million per year in gross terminal revenues.

PLYMOUTH MEETING, PA-The Sonic drive-in restaurant chain is seeking densely populated areas for expansion of the 3,400-unit chain.