Philadelphia

“This infill market's high barriers to entry and tight supply dynamics combined with the property's connectivity to downtown and the broader region make it highly desirable for regional tenants," says Brodie Ruland of ASB.

“Landlords typically prefer to see demand before increasing rents and last year was a record year for demand,” says CBRE's George Cauffman.

“The buyer was in a 1031 exchange and paid full price for the asset, because they understood the value of the property and this location,” says Marcus & Millichap's Mark Taylor.

Listen to our exclusive audio interview with Mark Segal, president of SkyPan International, about how architects and designers are leveraging the ability to visualize an unbuilt space and capture the scene from the skies.

“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.

Liberty expects to leverage Raiman's expertise as a real estate investor, "as we capitalize on the opportunities afforded by the industrial markets and our repositioned industrial platform,” says Liberty CEO Bill Hankowsky.

Wolfington's appointment will enable Endurance to source more off-market opportunities, according to Benjamin Cohen, managing principal and CEO.

“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”