Philadelphia

Cushman & Wakefield served as the exclusive advisor to the firm and procured the floating-rate financing for the 25-building portfolio.

The firm financed two industrial deals, a construction loan in Prussia, Pennsylvania, and a redevelopment bridge loan for a property in Silicon Valley, California.

BG Capital has sold the three-building property to the Hampshire Cos. and its international investment partner, Arbah Capital.

Investors are following renter migration patterns outside of the big cities with non-major metros receiving the highest investment activity on record last year.

Brandywine Realty Trust has partnered with a global institutional investor to develop a 570,000-SF tower within Brandywine's $3.5 billion Schuylkill Yards innovation neighborhood.

Both foreign and domestic investors are returning to the market, with inquires hitting 90% of pre-pandemic levels.

T. Rowe Price will move its global headquarters to the Harbor Point property, which is being developed by Armada Hoffler Properties Inc. and Beatty Development Group.

University Place Assoc., Silverstein Properties and Cantor Fitzgerald are developing a 250,000-square-foot, eight-story lab and office building in a Philadelphia Opportunity Zone.