Operating company investment specialist, John Kropke has been appointed to lead and rebuild Principal Global Investors' US and European real estate operating capabilities as managing director.

The global asset manager is partnering with tech-forward, multifamily operator, Common in a 575-unit portfolio expansion.

1901 Market Street's long-time, exclusive tenant, Independence Blue Cross acquired the 800,000-square-foot, class A Philadelphia tower in a 1031 exchange.

The properties, totaling 142,710 square feet of space within District 237, sold to EXAN Group.

The firm sourced the joint-venture equity on behalf of its client, for a 346-unit, Opportunity Zone development.

Lendlease and L+M secured the construction loan for a 354,000-square-foot, mixed-use building in Morningside Heights.

A 21-year veteran of CBRE, Darcy Mackay rejoins the GWS enterprise after previously serving as president of its West division.

The acquisition of the 442-unit, Tides at South Tempe represents FCP's first investment within the state.