Philadelphia Business Journal GLP Capital Partners has paid $715 million, or $25265/sf, for the 283,000-square-foot warehouse at 2400 Weccacoe Ave in Philadelphia The Santa Monica, Calif, company bought the industrial property from a venture of...
Commercial Observer Abramson Properties has paid $131 million, or $19857/sf, for the 65,971-square-foot Waterfront I office building in Alexandria, Va The Alexandria developer bought the vacant property, at 801 North Fairfax St, from Finmarc...
Crain’s New York Business Amazoncom Inc has taken occupancy of a 205,000-square-foot warehouse at 1055 Bronx River Ave in the Bronx, NY Prologis Inc owns the property, which previously was leased to Jetcom, a Walmart affiliate It bought the...
Philadelphia Business Journal Velocity Venture Partners has paid $195 million, or $4311/sf, for the 452,323-square-foot industrial building at 1180 Church Road in Lansdale, Pa, a Philadelphia suburb The Philadelphia investment firm bought the...
Commercial Observer Akelius has paid $103 million, or $293,447/unit, for the 351-unit Edition apartment property in Hyattsville, Md, about eight miles northeast of Washington, DC The Swedish investor bought the property from a venture of PCCP and...
Crain’s New York Business The Girl Scouts of Greater New York is looking to exit a long-term lease for 17,500 square feet at the 12 million-sf office building at 40 Wall St in Manhattan The Trump Organization owns the property, which serves as...
Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail space in Manhattan at the end of last year was $652/sf, a 99 percent decline from 2019, according to CBRE Rents dropped by 11 percent in the third quarter,...
A total of 20 million square feet of office leases were signed in Manhattan last year, a 495 percent drop from the 396 million sf that was leased in 2019, according to CBRE That was the lowest leasing volume in the borough since CBRE began tracking...
Washington Business Journal WeWork has settled its lawsuit against Property Group Partners, which owns the 414,000-square-foot Capitol Crossing office building in Washington, DC The coworking company in November filed its suit in Washington, DC,...
The following item was edited to reflect that the property is owned solely by an affiliate of Pacific Life Insurance Co Bisnow An affiliate of Pacific Life Insurance Co is looking to sell the 1,152-room Washington Marriott Wardman Park hotel in...
