HARRISBURG, PA-Concurrent with the acquisition of Northwoods Crossing Office Park, the buyer fully subscribes an equity investment of $10.4 million from among 21 investors.
BALA CYNWYD, PA-The buyer pays $8 million less than the initial asking price for One Presidential Blvd. and will invest $10 million to turn it into a class A office property.
BRYN MAWR, PA-American College, a nonprofit provider of continuing education, extends the bidding process for its 35-acre Main Line campus until the end of this month.
WAYNE, PA-One year since its formation, Patriot Equities has paid $140 million for 16 corporate-owned assets aggregating 1.7 million sf and has another $150 million in the works.
PHILADELPHIA-The shopping center REIT is poised to redevelop the 24-acre site at 11601 Roosevelt Blvd. when the IRS exits its current 430,000-sf paper processing operation.
PHILADELPHIA-Mayor Street's executive order signals the start of creating a master plan for the central Delaware waterfront. It will be the seventh plan since 1973.
PHILADELPHIA-Efforts to fill Center City's retail gap will proceed, and there will be fewer Ddowntown condos built as prices decline. So say panelists during a ULI forecast.