Philadelphia

ORIX Real Estate Capital named its new leader for senior housing and health care real estate financing at least in part because his experience will help its new lending initiatives in connection to the coronavirus pandemic.

The mayor stated on Wednesday that he will sign an Executive Order allowing construction work in the city to begin again on Friday morning with strict limitations in order to limit the spread of COVID-19.

Earlier last year, the firm acquired The Reserve at Copper Chase, a 132-unit apartment and townhome community at 3145 Honey Run Drive less than 10 miles from the View at Mackenzi.

The 100% leased property is anchored by Home Depot and also includes PetSmart, Wendy's, T-Mobile and Mattress Firm on its tenant roster.

The detailed plan released by the governor categorizes the reopening phases as red, yellow and green.

The governor vetoed Senate Bill 613 that its proponents say would have helped more Pennsylvania employers re-open safely.

"The only path to a sustainable economic recovery is through a strong healthcare recovery," Gov. Murphy said.

The property is fully occupied by marketing firm ICS Corp. The industrial/warehouse and distribution facility serves as the corporate headquarters of ICS Corp.