Philadelphia

Commercial and multifamily starts in the NY-NJ region totaled $30.9 billion in 2019. However, the New York metro region's rate of growth eased in 2019 to 5% from a 13% gain in 2018, according to the report.

Radnor Property Group announced last week it had officially started construction on the second phase of the $175-million, 500,000-square-foot The Hamilton, which is located steps from the Community College of Philadelphia's main campus.

Vynamic, in addition to its Philadelphia headquarters at 1600 Arch St., also has locations in Boston and London.

Cross Roads Plaza is anchored by a 70,818-square-foot ShopRite, which makes-up 71% of the property's gross leasing area and 58% of the gross income. The grocer's lease term runs through 2024.

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.

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.