What happened, and who moved.
89 items
showing 1–60 of 89
J.G. Petrucci Company, Inc. and BGO Cold Chain announced that Freshpet has leased the entire 216,000-square-foot cold storage development at 757 Hellertown Road in Bethlehem, Pennsylvania. The facility is scheduled for on-time and on-budget completion by the end of the year, and the property was developed through a…
A New York investor is seeking $41.7M for 3 New Jersey office buildings with roughly 90% occupancy.
Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entire Building 2 within the Southport Logistics Center, an approximately 1.5 million-square-foot development. Building 2…
Multifamily developers are building hundreds of units in the Lehigh Valley as the region contends with population growth and a housing shortage.
WILMER, TEXAS — Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entirety of Building 2 within Southport Logistics Center, an approximately 1.5 million-square-foot…
Air Products' hopes to develop its old HQ dashed
Freshpet signs a 216K SF Bethlehem cold storage lease, enhancing operations and growth.
WEST CHESTER, PA. — Charter Senior Living has broken ground on a 162-unit project in West Chester, located roughly 30 miles west of Philadelphia. Charter Senior Living of West Chester will offer independent living, assisted living and memory care residences. Charter is developing the project in partnership with…
Pennsylvania officials must submit 217 census tracts for OZ 2.0 by Sept. 28. Philly could see fewer tracts included than in the first iteration.
PRP Real Assets, a Washington, D.C.–based real estate investment management firm, has acquired 900 19th Street NW, a 116,385-square-foot office tower in the heart of the city’s Central Business District. Positioned at the corner of 19th and Eye Streets, between K Street and Pennsylvania Avenue, the corner building…
Mount Laurel considers converting motels to meet affordable housing targets, potentially adding 826 units.
An increase of 3.5GW from last quarter
Savills has represented Lasko Products, Inc. in the sale of its 132,736-square-foot industrial facility located at 525 Mill Street in Columbia, Pennsylvania. Associate Director Michael Styer and Associate Director Jonathan Kays represented Lasko in the transaction. The facility was sold to Kleen-Rite Corp for $8.95…
Post Brothers is putting a pair of multifamily buildings on the market in Philadelphia, trying to seize on the rising rental market in the city. Post listed The Darien at 815 Poplar Street and The Poplar at 900 North 9th Street for sale, the Philadelphia Business Journal reported. No asking price was given for the…
PITTSBURGH — JLL has arranged the recapitalization of Tower Two-Sixty, a mixed-use property in downtown Pittsburgh. Completed in 2016, Tower Two-Sixty consists of 130,000 square feet of office space, 14,000 square feet of retail and restaurant space, a 197-key Hilton-branded hotel and a 321-space structured parking…
A REIT sold its only Philadelphia office, 8800 Tinicum Blvd., for $42M. The 441K SF building is now owned by the city.
Basis Investment Group, LLC has provided a $19.95 million bridge loan to refinance the existing debt, support the continued stabilization, and fund remaining tenant-improvement and leasing costs at Wolff Court, a four-story complex in Philadelphia, Pennsylvania. Located at 501 E. Girard Avenue, the property is a…
Company eyes upcoming Homer City Redevelopment project outside Pittsburgh
The Poplar and The Darien apartment buildings in Philadelphia's Poplar neighborhood have hit the market.
PHILADELPHIA — Local developer Keystone has completed an office-to-residential conversion project in Philadelphia’s Independence Mall district. Designed by Tantillo Architecture and built by Fasttrack Construction, the project transformed the historic, 12-story building at 400 Market St. into a 176-unit apartment…
An iconic office complex in the City of Bridges has hit a dead end. The $92 million commercial mortgage-backed securities (CMBS) loan secured by Gateway Center, an iconic office complex in Downtown Pittsburgh, has liquidated via a note sale, resulting in a $64.8 million loss to the CMBS trust, according to an alert…
Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District. The 198,983-square-foot sublease spans the eighth through and 10th floors of Vornado Realty Trust’s 2 Pennsylvania Plaza, known as Penn 2, according to sources familiar with the transaction.…
CBRE has arranged an $85 million loan for Mi-Place at Downingtown, a newly developed 318-unit multifamily community located at 800 Horseshoe Pike in Downingtown, Pennsylvania. Matthew Klauer and Cassandra Russell of CBRE Capital Markets’ Debt & Structured Finance team in Philadelphia arranged the financing on…
The first thing you notice is the dust. It hangs over the rolling hills of a former horse farm outside Carlisle, Pennsylvania, as construction crews move mounds of dirt and drill through bedrock. Home to a stretch of the Appalachian Trail, Cumberland County still looks much as it has for generations, with farms and…
Lululemon expanded in Center City after Jordan World of Flight entered the neighborhood. Madis Coffee and Core Power Yoga picked Second Street for new sites.
The completion of Chubb's build-to-suit project means Philly now has no new office underway, and the trend of converting offices to other uses has also slowed.
Lee & Associates NYC announced that Treeswift Inc., an AI-powered infrastructure technology company helping electric utilities modernize field operations, has relocated its New York headquarters to 256 W. 38th St. after signing a four-year, full-floor lease for 7,487 square feet. The Philadelphia-based tenant is…
An upscale part of Center City has long been one of its most coveted retail hubs. Some of that activity is now starting to spill into a growing residential neighborhood nearby.
Technological features have long been viewed as attraction and retention tools for commercial properties. Now, there’s more to them. In addition to multifamily, mixed-use and hospitality end-users demanding advanced tech for a seamless living experience,...
The post-pandemic industrial boom brought a wave of speculative big-box construction to Philadelphia proper, a market with little precedent for that type of product. Owners are now breaking up those buildings to accommodate the smaller footprints of...
Local officials in King of Prussia are trying to get in on the sports and entertainment real estate boom and are seeking millions in state funding to make that happen.
Newmark arranged the $89-million sale of Emblem Health Hub Medical Office Building, a 140,000-square-foot, trophy-quality MOB located at 101 Pennsylvania Ave. in Brooklyn’s East New York neighborhood. Vital Infrastructure Property Trust, a Canada-based global healthcare infrastructure REIT, acquired the property…
New Jersey-based Greek Real Estate is bolstering its presence on the other side of the Delaware River with a new Bucks County industrial project.
An artificial intelligence-driven infrastructure technology company is relocating its offices to Midtown. Philadelphia-based Treeswift signed a four-year, 7,487-square-foot lease on the entire 11th floor of the Hakimian Organization’s 256 West 38th Street in an expansion of its New York City operations, according…
Company looks to develop site previously earmarked for Amazon campus
BETHLEHEM, PA. — ShipBob has signed a 301,826-square-foot industrial lease in the Lehigh Valley city of Bethlehem. The provider of fulfillment services for the e-commerce industry is taking the entirety of the space at Building E at Lehigh Valley Trade Center, which was developed as part of the 171-acre park’s…
PHILADELPHIA — A partnership between owner-operator Pennrose and the Wynnefield Overbrook Revitalization Corp. (WORC) has completed Good Shepherd, a 55-unit affordable seniors housing complex in Philadelphia’s Overbrook area that is a redevelopment of the former Good Shepherd Presbyterian Church, which was…
A $37M construction loan will help bring more new apartments to a Philadelphia multifamily submarket that has experienced a development surge.
A partnership between Benchmark Real Estate and Regal Ventures has acquired an 85,053-square-foot industrial building in Easton, Pennsylvania, that is fully occupied by a designer and manufacturer of ergonomic workspace solutions. The property, located at 100 Kuebler Road, serves as the global headquarters of Human…
AI cloud firm aims to build in Schuylkill County’s Highridge Business Park
CHADDS FORD, PA. — Berkadia has arranged the sale of Restore Orthopaedic Surgical Institute, an 18,630-square-foot ambulatory surgery center in Chadds Ford, a western suburb of Philadelphia. The facility was built in 2022 and features two operating rooms in addition to spaces for pre- and post-operative…
A bipartisan slate of politicians joined President Donald Trump in Pittsburgh Tuesday afternoon to herald Pennsylvania’s role in powering the nation's artificial intelligence boom, with more than $90B in new facilities on the table.
Post Brothers aims to add another building to its Northern Liberties portfolio, but the unit count will be smaller than what previous plans for the site had envisioned.
Philadelphia's Thomas Jefferson University is expanding its medical school in the Lehigh Valley region.
A two-building multifamily portfolio spanning 30 units in Manayunk and Old City has traded hands.
A national law firm is growing its Philadelphia office into a space that Comcast previously sought to sublease.
Brauhaus Schmitz had a massive June, as throngs of international tourists descended on the South Street beer hall to watch World Cup games. Business was up more than 300% year-over-year, as the German bar and restaurant with a long history of catering...
Trader Joe’s will open its third Philadelphia location and first outside Center City in a new shopping center set to deliver in the second half of next year.
While much of the Exton Square Mall will shutter next week, plans to redevelop the property as a mixed-use destination remain up in the air as stakeholders await the outcomes of two legal challenges. The enclosed portion of the 53-year-old mall is closing...
Rising sea levels and falling land elevations have led to restrictive building codes and high construction costs along the Jersey Shore as the region faces an attainable housing shortage. Since Superstorm Sandy rocked the state in 2012, New Jersey has...
A Philadelphia-based agricultural science giant has arranged a sale-leaseback agreement for a key Delaware research and development outpost in Newark.
A 110K SF Main Line office park has been refinanced via a nonrecourse loan. Sponsor Balashine Properties secured the $17.8M loan for Swedesford Crossing at 480-500 Swedesford Road in Wayne. It was originated by Morgan Stanley and coordinated by D2 Capital...
New York-based lender S3 Capital's nationwide expansion plans have brought it to Philadelphia.
The valuation of an underperforming Delaware County mall sank this month after the borrowers missed their payoff date last year. Springfield Mall at 1250 Baltimore Pike was valued at just $30M in a recent appraisal, according to CMBS monitoring platform...
Developers are chasing resurgent economic vitality in Eastern Pennsylvania’s midsized post-industrial cities, and some believe Reading is next in line. The city suffered in the 1980s from deindustrialization and job losses in its once-strong banking...
A Philadelphia-based apparel giant is growing its presence in the region with the construction of a new facility in the suburbs and the addition of more than 1,000 jobs.
Property owners and brokers in Philadelphia’s life sciences market remain in a tough spot amid high vacancy and negative absorption, but they say they haven't given up hope.
One of the Philadelphia region’s most prominent local commercial real estate players has been acquired by a national heavyweight.
One of the nation’s most prestigious universities has brought on partners to invest in housing for its graduate student population.
One of the Main Line’s most well-known tenants is moving out of an 88K SF space where its lease is expiring at the end of the month.