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The five building, 292,110-square-foot industrial/flex portfolio was sold by Endurance Real Estate Group, LLC of Blue Bell, PA and Thackeray Partners of Dallas.
PREIT says it has recognized the growing demand in this segment and has strengthened its portfolio to include a variety of health-oriented concepts, most recently incorporating Onelife Fitness at the Valley Mall, Peloton at the Cherry Hill Mall and Edge Fitness opening this fall at the Plymouth Meeting Mall.
According to the city, the firm ended crude oil refining in the complex, continued efforts to stabilize the area near the original incident and began to wind down operations. On Aug. 6, the neutralization process began for the remaining hydrofluoric acid at the site.
The gaming control board released statistics for the first time for online casino game gross revenue at the three casinos that initiated Internet gaming during the week of July 15. Total revenues at the three casinos—SugarHouse Casino, Parx Casino and Hollywood Casino at Penn National Race Course—came to $812,306 for Internet Slot and Internet Table Games.
Both Nalbandian and Swidler come to Lee & Associates from NAI CIR, a brokerage firm founded by Nalbandian in 1970. While at NAI CIR, Nalbandian was a mentor to John Van Buskirk, SIOR, the co-founder of Lee & Associates of eastern Pennsylvania.
NJ TRANSIT has identified additional opportunities for similar TOD projects in Bordentown, Bound Brook, Camden, Hoboken, Trenton, and other communities throughout the Garden State.
In connection with the development of Live! Casino Pittsburgh, Stadium Casino will renovate a 100,000-square-foot area at the Westmoreland Mall. The casino will feature 750 slot machines and will open with 30 table games with an anticipated expansion to 40 tables.
Approximately 40% of the building’s units are leased to Sonder, a short-term rental start-up in nearly 30 cities that recently surpassed a valuation of more than $1 billion.