PHILADELPHIA-Local trusts offer a rescue that would bring an art collection in Merion, PA, valued at $25 billion, to Philadelphia. Saddled by a foundation described as "broke and dysfunctional," its fate rests appropriately in the hands of the Orphan's Court.
PHILADELPHIA-Chester, WV-based MTR Gaming Group obtains a license for thoroughbred racing and pari-mutuel wagering in Erie, PA. It plans a dirt-and-turf track with entertainment, concert and dining, scheduled for completion in time by the 2004 season.
ATLANTA-After nearly a decade-long absence from this market, the Troy, MI-based company partners with Royalton Investments to buy the nine-story, 86%-leased, 125,603-sf building. Hayman may build condominiums on its rooftop parking deck.
ATLANTA-The 322,000-sf shopping center in Tucker, GA is the sole remaining property standing in the way of the Oak Brook, IL-based REIT's liquidation plan, announced on Jan. 5, 2001. The initial July 17, 2002 closing is extended to Sept. 30.
PHILADELPHIA-Despite a slight rise in available space, the overall Pittsburgh office market remains stable, according to Mark Jablonski, research director for Insignia Oxford. Availability in the Greater CBD is 23.6%, compared with 19.9% in the suburbs.
ATLANTA-After nearly a decade-long absence from this market, the Troy, MI-based company partners with Royalton Investments to buy the nine-story, 86%-leased, 125,603-sf building. Hayman may build condominiums on its rooftop parking deck.
PHILADELPHIA-Kirk A. Miller joined Cushman & Wakefield of Pennsylvania, the local office of New York-based firm, in 1998 to head office leasing in southern New Jersey. Prior to that he was senior portfolio manager for locally based Jackson Cross Co.
PHILADELPHIA-The three-story building at 491 Allendale Rd. is located on 5.25 acres and includes 237 parking spaces. The University of Pennsylvania Health System is among the major tenants, and the property is 95% leased.
PHILADELPHIA-Despite a slight rise in available space, the overall Pittsburgh office market remains stable, according to Mark Jablonski, research director for Insignia Oxford. Availability in the Greater CBD is 23.6%, compared with 19.9% in the suburbs.