City: Philadelphia

Philadelphia Business Journal Welltower has acquired Arbor Terrace Exton, an 88-unit seniors housing community in Exton, Pa., for $35.5 million, or $403,409/unit. The Toledo, Ohio, REIT bought the property from a venture of Bain Capital and Capitol Seniors Housing in ...

Harbor Group International has paid $41.5 million, or $411.62/sf, for the 100,820-square-foot office building at 500 North Gulph Road in the Philadelphia suburb of King of Prussia, Pa. The Norfolk, Va., investment manager bought the five-story building from Brandywine Realty ...

Philadelphia Business Journal Mitsubishi Electric Trane HVAC has agreed to lease 489,000 square feet of industrial space at 2951 Orthodox St. in Philadelphia. The manufacturer of heating and cooling systems leased the space from its landlord, Kurv Industrial of Chicago. ...

Commercial Real Estate Direct Staff Report Philadelphia's 1818 Market St. office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million. The 54-year-old building, which was purchased by Shorenstein Realty Investors Eleven LP in ...

Philadelphia Inquirer The proposed sale of the 1.76 million-square-foot office building at 1500 Market St. in downtown, or Center City Philadelphia, evidently has fallen apart. The 37-story building, commonly referred to as Centre Square, backs a $368 million mortgage that's ...

Philadelphia Business Journal KKR Real Estate Finance Trust Inc. is offering for sale 325 Chestnut St., a 211,000-square-foot office property in Philadelphia. The New York REIT has tapped Newmark to market the 13-story property. It had taken title to the ...

Philadelphia Business Journal A venture of Legend Realty and the Adjmi family has paid $21 million, or $181.03/sf, for the 116,000-square-foot Six Tower Bridge office building in the Philadelphia suburb of Conshohocken, Pa. Brandywine Realty Trust sold the building as ...

A total of $1.87 billion of CMBS loans against Philadelphia office buildings are delinquent. Six of the collateral buildings, which back $525.18 million of financing, are or soon will be in receivership.

Philadelphia Business Journal A venture of Brickstone Cos., Madison International Realty, and Scully Co. is offering for sale the residential portion of The Collins mixed-use complex in downtown, or Center City, Philadelphia. Newmark has been tapped to market the seven-story ...