Philadelphia

The management company's first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.

In the turbulent bricks and mortar retail sector, PREIT has replaced 13 department stores in three years in a core portfolio of 18 properties.

Other new tenants at the property as of 2019 include Brian Communications, Instructure, PromptWorks , Health Federation of Philadelphia, Armor, DLC Solutions, Wick Capital Partners and others.

“The quality of University Square along with its location and tenant line up brought investors from all over the country,” JLL's Cruz states.

Newark, NJ is also emerging as a technology hub. CBRE reports that total tech occupations grew 9.7% from 2013 to 2018 in the City of Newark.

The 188-bed teaching hospital was included in a voluntary Chapter 11 bankruptcy filing in late June, along with Hahnemann University Hospital, by parent company Philadelphia Academic Health System, a subsidiary of AAHS.

The completed transactions, most of which were classified as “net lease,” were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across 12 states, including seven in Pennsylvania and five in New Jersey.

In relocating to Warren Corporate Center, Everest, which is headquartered in Bermuda, is expanding the footprint of the corporate headquarters of its U.S. operations by more than 80,000 square feet.