Philadelphia

The Washington, DC-based firm, which is the development arm of National Real Estate Advisors, has announced the addition of Canopy Philadelphia Center City, which will be part of the Hilton portfolio. The hotel is scheduled to open in the spring of 2020 at 1180 Ludlow St.

"This portfolio offered the opportunity to buy a critical mass of medical assets with exposure to some of the top health systems in the country, including Advocate Aurora Health, Einstein Health and INOVA Health System," said Chris Bodnar, vice chairman of Capital Markets for CBRE.

The nine-building portfolio comprises 470,000 square feet across four states.

In its settlement agreement, Wells Fargo does not admit liability and throughout the litigation process vigorously denied the allegations.

The firm will occupy more than 160,000 square feet of space at the new 24-story mixed-use tower to be developed by Buccini/Pollin Group at the corner of Washington Place and Bedford Avenue in the historic Lower Hill District.

The acquisition was finalized on Dec. 13 with an effective date of Sunday, Dec. 15. Tower and Drexel University reached an agreement in late September to acquire St. Christopher's Hospital for Children for $50 million in a bankruptcy sale.

Astrobotic's new headquarters is poised to become the epicenter for America's return to the Moon and will be the primary hub for lunar logistics in the United States, the company reports.

The 1,322-unit portfolio consists of all stabilized properties and has maintained an average occupancy of 92% through the past three years.