Regions Midatlantic | Philadephia
2.2 MSF Office, Hotel Project Gets Nod from Philly City Council
Dec. 16, 2008
Hill International Real Estate Partners L.P. has unanimously received final approval from the Philadelphia City Council for zoning and other regulatory variances necessary for the development of the proposed American Commerce Center, a 2.2-million-square-foot office and hotel tower to be located at 1800 Arch St. in Center City Philadelphia.
Colliers Lanard Merges with Markward Group
Dec. 10, 2008
Colliers Lanard & Axilbund has merged with Allentown-based Markward Group. In business since 1997, Markward Group is a full-service commercial, industrial and retail real estate brokerage firm.
Proposed $1B Philadelphia Skyscraper Gets Zoning Approvals, Awaits City OK
Nov. 21, 2008
The American Commerce Center, a $1 billion, mixed-use skyscraper proposed for 1800 Arch St., in Philadelphia’s Center City, moved another step closer to reality this week when the city’s planning commission unanimously approved zoning changes for the 1.5-acre site.
BPG Completes Phase II of Philadelphia M-F Portfolio Buy
Nov. 14, 2008
BPG Properties Ltd has completed the second phase of a three property multi-family portfolio acquisition from a publicly-traded REIT.
cira south Credit Crunch Gives Blue Chip Builders the Blues in Boston, Philadelphia
Nov. 07, 2008
As if more proof were needed that the lending environment is hammering even top-of-the-line development, project backers in Boston and Philadelphia have acknowledged that the capital markets crisis is forcing them to put some of those cities’ showcase projects on hold.
waldorf $420M Waldorf Coming to Philadelphia
Oct. 30, 2008
A 58-story Waldorf=Astoria Hotel and Residences has been announced for Philadelphia, set to open in 2012. The $420 million mixed-use project will be co-developed by Mariner Commercial Properties Inc. and Gatehouse Capital Corp.
tower KBS Continues Shopping Spree with $73M Philly-Area Office Buy
Oct. 20, 2008
Five Tower Bridge, a 223,700-square-foot trophy office property in West Conshohocken, Penn., has been snapped up by KBS Real Estate Investment Trust I. In a deal valued at $73 million, the REIT took the suburban Philadelphia property off the hands of Five Tower Bridge Associates, a partnership involving Cornerstone Real Estate Advisors, Brandywine Realty Trust and Oliver Tyrone Pulver Corp. The team developed the office building in 2001.
Asset Manager Signs on for 60,000SF at Philly's Mellon Bank Center
Oct. 13, 2008
A new name is in line to be added to the tenant roster at Mellon Bank Center in Philadelphia, now that Aberdeen Asset Management Inc. has committed to 60,000 square feet of office space at the 1.3 million-square-foot Class A property.
Newly Created Hill Entity Buys 2.2 MSF Philly Mixed-Use Project
Sept. 26, 2008
Marlton, N.J.-based construction manager Hill International has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The newly formed entity has already made a grand move--the firm just acquired developer Walnut Street Capital's interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia.
Audit Firm Relocates HQ to Two Floors at 1.2M-SF Trophy Tower in Philly
Sept. 23, 2008
Having signed a lease with Philadelphia Liberty Place L.P., owner of One Liberty Place at 1650 Market St. in Philadelphia, Parente Randolph L.L.C. has made the move to its new 50,000-square-foot headquarters in the 1.2 million-square-foot Class A office high-rise.
Foxwoods Casino Siting Change Proposed
Sept. 11, 2008
Philadelphia Entertainment and Development Partners, a joint venture between Foxwoods Development Company L.L.C. and a group of investors operating as Washington Philadelphia Investors L.P., has announced a proposal to relocate its gaming facility from the Philadelphia waterfront.
Boyd Theatre Philly Theater to Reopen as $95M Mixed-Use
Sept. 09, 2008
ARCWheeler has unveiled plans to purchase, rehab and add an adjacent hotel to the 80-year-old Boyd Theatre in Downtown Philadelphia, all at an estimated price tag of $95 million. The seller of the property is current owner Live Nation, a major live events company and concert promoter.
Auto Parts Concern Claims 70,000SF at 775,000-SF Industrial Park in Suburban Philly
Sept. 05, 2008
The Tri-County Commerce Park in Pottstown, about 40 miles northwest of Philadelphia, will welcome a new tenant now that CJ's Tire and Automotive Services has inked a multi-year lease for 70,000 square feet at the property.
Aussie Firm to Sell Half Interest in King of Prussia Mall
Aug. 26, 2008
Sydney-based Lend Lease Corp., a multi-national real estate investor and manager, has engaged Holliday Fenoglio Fowler L.P. to sell its 50 percent interest in the 2.6 million-square-foot King of Prussia Mall, in metro Philadelphia.
Berkshire to Pay $50M for Partnership Interests in Philly High-Rise
Aug. 22, 2008
Boston-based Berkshire Income Realty Inc. will get its hands on the Executive House Apartments in Philadelphia now that it has entered into agreements to purchase the property in a transaction valued at a total of $50 million.
New Hotel Raises its Flag in Philly
Aug. 15, 2008
Starwood Hotels & Resorts Worldwide Inc. has completed development of yet another hotel under its new Aloft lifestyle brand.
Smart Car Dangled as Carrot for Potential Buyers at New Philly Condo Property
Aug. 01, 2008
With the souring economic climate and frosty lending market, for-sale multifamily residences are not selling like hotcakes anymore, so in an effort to lure buyers for the remaining condominium units at the seven-month-old Symphony House in Philadelphia's Center City, developer Dranoff Properties has decided to give a Smart Car to every new purchaser.
$54M Financing Deal Closes for Suburban Philly Shopping Center
July 25, 2008
Pennsylvania Real Estate Investment Trust has secured $54 million in financing on Paxton Towne Centre, the company's 703,000-square-foot shopping center in Harrisburg, Pa., less than 15 miles from Philadelphia. The transaction marks PREIT's third financing deal within the last month.
Shovels Hit Dirt for $100M Biotech HQ in Suburban Philly
July 25, 2008
Work has commenced on Almac Group's new North American headquarters campus in Lower Salford Township in Harleysville, Pa., about 30 miles outside of Philadelphia. The Craigavon, Northern Ireland-headquartered bioscience research-and-development services company will invest $100 million to develop a 240,000-square-foot facility as part of an expansion and consolidation project that will ultimately yield an office and production complex of up to 1 million square feet.
Comcast-Spectacor to Close Down Spectrum
July 16, 2008
Comcast-Spectacor chairman Ed Snider said today that this will be the final year of the Spectrum.
BPG Properties Sells Office Building in Horsham
July 07, 2008
BPG Properties Ltd. announced the sale of 200 Tournament Drive, a 90,845-square-foot office building to an undisclosed purchaser.
Brandywine Realty Promotes DeVuono to EVP, Senior Managing Director, Pennsylvania Region
July 03, 2008
Brandywine Realty Trust promoted Jeff DeVuono to the position of executive vice president and senior managing director of Pennsylvania region.
$850M Comcast Center Makes its Debut as Tallest Green Building in U.S.
July 03, 2008
The nearly 1.3 million-square-foot Comcast Center has just recently opened its doors with an estimated completion price tag of $850 million.
Binswanger Negotiates Lease for Material Concepts iin Philadelphia
June 30, 2008
Binswanger said today that Material Concepts Inc. has leased the 48,000-square-foot office and warehouse building at 11621 Caroline Road in Philadelphia, Pa.
Binswanger Executes 4 Leases in Philadelphia
June 25, 2008
On behalf of 1500 Walnut Enterprises L.L.C., Binswanger executed four leases totaling 9,303 square feet at 1500 Walnut Street in Philadelphia, Pa.
 

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