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The development's first tower, designed by Corwil Architects, will feature 312 apartment units and 6,000 square feet of retail in a 22-story building, will break ground in July.

The investment takes advantage of "a tight submarket with limited bulk availabilities and a lean construction pipeline," says Chris Sterling, vice president at TIG.

“This portfolio of properties provides us a unique opportunity to control an irreplaceable block of class A office product across three recently renovated and repositioned assets that cater to diverse users,” says Charley McGrath, MRP's Philadelphia managing director.

“We believe that Makefield Crossing will become an even more compelling office destination following our planned improvements,” says Lou Merlini, vice president of asset management at Rubenstein.

Kylli Inc. has obtained construction financing for Burlingame Point, a new 803,000-square-foot office campus that is fully leased to Facebook Inc. for occupancy by Oculus, Facebook's virtual reality company.

Capital Commercial Real Estate Group brokers closed the sale of the Silver Blue Lake apartment complex.