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PHILADELPHIA, PA—Citing an increased workload from Center City projects, Concord Engineering has opened a Philadelphia Operating Center office at 3020 Market Street, to be staffed with a combination of existing employees from its Voorhees, NJ office and new hires from the Philadelphia area.
GLENN MILLS, PA—KarMar Realty Group, Inc. arranged the $1.45 million sale of 1788 Wilmington Pike in Glen Mills, PA. GHS Summit, LLC purchased the office building from Crawford Leasing, LLC.
HOBOKEN, NJ–SJP Properties has signed Kiddie Academy, a childcare learning center, to a 13,600-square-foot ground floor retail lease at Waterfront Corporate Center II within SJP's mixed-use office and retail complex in Hoboken, NJ.
PISCATAWAY, NJ–SHI International, one of North America's largest IT solutions providers, has signed a long-term lease for 305,721 square feet at 10 Knox Drive, one of two industrial buildings located within South Washington Park, a 532,792 square foot industrial project located in the heart of the Northern New Jersey Industrial Market. SHI will relocate to the building in 2Q 2015.
WASHINGTON, DC—While the funding is by no means guaranteed to pass muster with Congress, President Barack Obama's federal 2016 budget earmarks millions of dollars to the General Services Administration for a host of commercial projects in the DC region.
ALEXANDRIA, VA—The storied Old Town Theater, which has been an entertainment venue for more than a century here, will be renovated and converted to retail use.
DALLAS--Spurred by the December opening of the new Baylor Scott & White hospital in Waxahachie, construction is under way on a 121-bed senior-living center and rehabilitation facility at a nearby 7.6-acre site.
LOS ANGELES—Even as sovereign wealth funds from overseas become more active here, Canadian buyers “should remain on the radar screens of American investors and owners,” says CBRE Capital Markets' Chris Ludeman.