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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.
Karlin Conklin, an outspoken advocate on the importance of C-suite diversity, notes that females in principal and director roles in this industry are not the norm, but comprise more than half of IMG staff.
As managing director of investor services, Wollan intends to capitalize on technologies and data analytics capabilities, the shift toward more agile workplaces and the macro trends driving urbanization.
The tariffs are already impacting cargo volumes at the Port of Long Beach this year, and investors are preparing for the potential impact on the real estate market.
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.