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The Blackstone entity acquired the property in partnership with Roman Real Estate Holdings, Inc., according to NAI James E. Hanson, which brokered the deal on behalf of the buyer.

The 105,000-square-foot office building was sold by New York City-based Torchlight Investors to a private real estate investor, according to brokerage firm JLL, which represented Torchlight in the transaction.

John Owendoff joins the firm's DC metro region capital markets team as managing director.

Philadelphia now joins San Francisco, New York City, Cleveland and Newark, NJ in the right to counsel movement. Similar legislation is advancing in Detroit, Los Angeles, Denver, and other cities across the country.

Lewis BrisBois is entering the market with an 11,500 SF lease at Skanska's 2112 Penn.

The tech behemoth has locked down a 1.5 million-square-foot lease spanning the Hudson Yards commercial development.

The commercial real estate sector is scrambling to draw connections of the proposal and its pertinence to the different aspects of retail.

Facing the neighborhood staple Fort Tryon Park, plans for the development could include up to 300,000 square feet of both market-rate and affordable residential units.