PHILADELPHIA-The renovations of the 758-room Wyndham Philadelphia at Franklin Plaza, costing $7.5 million, will encompass guestrooms, corridors, the lobby, restaurants and create more flexible meeting room options.
PHILADELPHIA-William Finnegan, former head of the building's leasing team for C&W here, joins GVA Smith Mack as VP and teams with principal Thomas Kramer to raise the 20-story property's occupancy above its current 77% level.
PHILADELPHIA-Following shareholder approval of its acquisition of Crown American, the retail REIT filed a shelf registration with the SEC to sell as much as $500 million worth of stock in one or more offerings.
PHILADELPHIA-One of the city's largest law firms moves to the American College of Physicians' building at 190 North Independence Mall West. Brokers estimate the price is between $20 and $23 per sf.
HARRISBURG, PA-Among the recipients of the more than $9.5 million in loans and tax credits is Anthony Wayne Senior Housing, a historic, four-story structure in South Philly that will be converted into 39 rental units.
CAMP HILL, PA-As part of the redevelopment of the 525,000-sf mall here that has been under way since Cedar acquired the property a year ago, the 14-auditorium movie complex will rise where the Giant Food Store now stands.
CAMP HILL, PA-As part of the redevelopment of the 525,000-sf mall here that has been under way since Cedar acquired the property a year ago, the 14-auditorium movie complex will rise where the Giant Food Store now stands.
KENNETT SQUARE, PA-Charles Taylor & Sons subleases a 12,000-sf space here for eight years at an aggregate rental in excess of $700,000. Meanwhile, a 41,200-sf industrial property in Upper Chichester goes on the block.
PHILADELPHIA-While $8 million doesn't make a big dent in the projected $106-million needed to fund phase one of the four-million-sf project, "it makes raising the rest easier," Martin Schiffman, president of the developing partnership, tells GlobeSt.com.
WYOMISSING, PA-Keystone Development Partners picks up multi-tenant, mid-rise, class A office buildings totaling 95,766 sf at 1105 and 1150 Berkshire Blvd. here for in excess of $8.6 million, or about $89.80 per sf.