PHILADELPHIA-Taking the final step in its assemblage of three blocks of property in Center City, PREIT has acquired another building at a Market Street retail complex for $60 million.
PHILADELPHIA-The dozen casinos of Atlantic City may be slicing too many pieces of a diminishing pie, analysts suggested at the Pennsylvania Gaming Congress.
OCEAN GROVE, NJ-Work proceeds on pace in Asbury Park to reopen the boardwalk by Memorial Day, while next door in Ocean Grove there have only been baby steps.
EDISON, NJ-Moving to husband resources as it shifts investments into the multi-family market, Mack-Cali Realty Corp. says its board plans to cut common stock payouts.
KING OF PRUSSIA, PA-Keystone Property Group's upgrades to its Parkview Tower office building here are paying off with nearly 23,000 square feet taken since the beginning of the year.
SHORT HILLS, NJ-The builders' trade organization chief Timothy Touhey will head a new commercial lending unit of Investors Bank, and Carol Ann Short steps into his spot at NJBA.
ATLANTIC CITY-There was 67% more attendance this March than last year, evidently because the auto show was moved to that month, says the Atlantic City convention authority.