PHILADELPHIA—Wharton Realty Group of Eatontown, NJ has acquired the One & Olney Square shopping center in North Philadelphia for $52.5 million.

CHICAGO—Investors have continued to show more interest in secondary markets, according to DTZ, and investment from overseas has picked up in the third quarter.

WASHINGTON, DC—The commercial real estate industry is going about its business on the assumption that TRIA will be renewed, Lydia Stefanowicz, partner with Edwards Wildman Palmer LLP tells GlobeSt.com.

NEW YORK CITY—The hotelier appears poised to develop hotels in Midtown and Midtown South.