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Related Companies, a national privately-owned real estate firm, has entered a joint venture with Atria Senior Living, Spitzer Enterprises and Welltower Inc. on a partnership to develop an upscale senior living community at 451 10th Ave.
National accounting firm Marcum, LLP, has secured a 70,728-square-foot office lease at 730 Third Ave., moving from its current office at 750 Third Ave., adding 10,000 square feet as the firm continues to grow its operations.
The firm's new asset totals more than 530,000 square feet and includes such national tenants as Whole Foods, lululemon, L.L. Bean, Crate & Barrel, Pottery Barn, Sephora and Williams Sonoma.
Governor Wolf's budget includes plans to make more than $1 billion available to combat lead, asbestos, and other contaminants. The governor is also continuing to pursue $4.5 billion in funding through his Restore Pennsylvania plan, which will be used to upgrade and make repairs to Pennsylvania's aging infrastructure.
The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.
Penwood Real Estate, which is headquartered in West Hartford, CT, and Princeton, NJ-based Metrix Real Estate secured a three-year construction loan with two one-year extension options through Wells Fargo Bank for the project at 10 Princess Road.