Regional Digests

REBusiness Online SkyREM is planning to redevelop the former Schuylkill Arsenal property in South Philadelphia into the Quartermaster Science + Technology Park. The New York developer plans to convert the historic property, which sits on 24 acres at Grays Ferry...

The Real Deal Harrison Street Real Estate Capital has paid $50.8 million, or $540,425/unit, for Oakmont of Silver Creek, a 94-unit seniors-housing property in San Jose, Calif. The Chicago investment and management firm purchased the property from an affiliate of...

Commercial Observer The 55,000-square-foot building at 16 West 39th St. in midtown Manhattan has been placed on the sales market for $32.5 million, or $590,909/sf. The 12-story property is next to 424 Fifth Ave., which Amazon.com Inc. had purchased last year...

Dallas Morning News Urby has started work on the other building in its two-building apartment complex in Dallas' Design District submarket. The Harrison, N.J., developer is constructing the 364-unit building on Hi-Line Drive near Stemmons Parkway. It will cost $99...

Crain's Chicago Business John Buck Co. has paid $53 million for a parking lot site at 655 West Madison St. in Chicago, where it plans to develop a two-building office property totaling 1.5 million square feet. A venture of MR...

Dallas Morning News Construction has started on the second phase of the Basswood 35 industrial park in North Fort Worth, Texas. EastGroup Properties, a Jackson, Miss., industrial REIT, is developing the three-building complex on 61.5 acres at Interstate 35 West...

Commercial Real Estate Direct Staff Report Thorofare Capital last year funded 26 loans totaling $684 million, nearly half of which were against multifamily properties. The Los Angeles alternative lender, like just about every other lender extant, saw a drop in...

REBusiness Online Arden Group has begun construction on a 20-story mixed-use project at 4650 Broadway in Manhattan's Inwood section. Plans call for 222 apartment units, 120,000 square feet of commercial space, 80,000 sf of which will be set aside for...

Commercial Property Executive Jacuzzi Group has agreed to lease 143,520 square feet of industrial space at Kentwood 303, a 271,400-sf property in Glendale, Ariz. The manufacturer and distributor of spa products is leasing the space from MDH Partners, which was...

Crain's Chicago Business Winston & Strawn is in talks to lease 150,000 square feet of office space at the 1.3 million-sf office property at 300 North LaSalle St. in Chicago. The local law firm would be downsizing from the 257,000...