Philadelphia

“We like the Philadelphia market, and in particular the local demand generators in the King of Prussia sub-market,” says David Lifschitz, president and CEO of The Gehr Group.

In the latest trade, HFF marketed the property exclusively on behalf of the seller and also worked on behalf of Relative Properties to place the fixed-rate acquisition loan through Freddie Mac.

Under Jonathan Morgan's leadership, Morgan Properties has acquired more than $5 billion of real estate comprised of more than 30,000 apartment units.

The company utilized $125.2 million in Fannie Mae financing for the 1,400-unit portfolio across Kentucky and Pennsylvania.

The planned hospital closure came as the city got hit with the news that after the massive June 21 fire and explosion at its oil refinery in South Philadelphia, Philadelphia Energy Solutions notified the state Department of Labor its plans to shut down the facility.

The partnership has since commenced construction on the speculative 10 Princess Logistics development, a 340,400-square-foot distribution facility with 40' clear ceiling heights, cross loading, trailer storage and abundant parking.

The report also noted that 15,700 potential jobs and $1.08 billion potential earnings were lost due to lost productivity, which Econsult noted amounted to four Comcast Towers worth of unrealized workers.

The bill introduced by the At-Large Councilwoman would require large non-residential buildings to confirm their status as high-performing facilities or to perform building improvements to save money and cut carbon pollution.