Philadelphia

The redevelopment of the shopping center, now known as "Fishtown Crossing," will create approximately 18,000 square feet of new retail space.

The new Pennsylvania-Delaware division will look to expand Lennar's presence in the Philadelphia region.

The two hires in the Greater Philadelphia region follows last month's addition of managing directors Joseph Garibaldi and Thomas Walsh to Walker & Dunlop's Northeast sales team based in Short Hills, NJ.

Crocker Partners, which has been retained as the property management team for the 28-story tower, kept a 1.9-acre site for a new multifamily project adjacent to the office building.

The new location, which is scheduled to open for business in the second quarter of 2020, will be Industrious' third in Philadelphia and the fourth location in partnership with Fashion District owner Macerich.

The 22-story office tower at 111 West Washington totals 585,000 square feet. Chicago-based Golub will assume management and leasing of the building that was constructed in 1913.

The New Jersey Housing and Mortgage Finance Agency awarded the $20.5-million development 9% Low Income Housing Tax Credits, which are expected to generate $15.9 million in private equity.

"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.