David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Philadelphia
Tenant Downsizing Continues to Contribute to Phila. Office Market’s Negative Absorption
Commercial Real Estate Direct Staff Report The Philadelphia area office market recorded 113,422 square feet of negative absorption last year, according to Newmark, marking the area's fifth straight year of negative absorption. The chronic negative absorption, or the vacancy of ...
L&B Realty Pays $82.4Mln for Phila. Apartments
Philadelphia Business Journal L&B Realty Advisors has paid $82.4 million, or $359,825/unit, for the 229-unit Granary apartment property in the Logan Square section of Philadelphia. The Dallas investment manager acquired the property from LaSalle Investment Management, which paid $119.4 million ...
Brandywine Turns to C-PACE Market for $87.32Mln Loan for Phila. Life-Sciences Building
Commercial Real Estate Direct Staff Report A Brandywine Realty Trust venture has lined up an $87.32 million commercial property assessed clean energy, or C-PACE, loan against the 489,548-square-foot life-sciences building at 3151 Market St. in Philadelphia's Schuylkill Yards area. Nuveen ...
Bank OZK, Affinius Lend $140.7Mln for Development of Phila.-Area Apartments
Bank OZK and Affinius Capital have provided a total of $140.7 million of financing for the construction of the 270-unit Piazza at Ardmore apartment property in the Philadelphia suburb of Ardmore, Pa. The property, in the Philadelphia region's Main Line ...
Distressed 1700 Market St. Office in Philadelphia Comes to Sales Market
The 1700 Market St. office building in downtown, or Center City, Philadelphia has been placed on the sales block as its foreclosure case is winding down. Cushman & Wakefield, receiver for the 850,209-square-foot property, has been tapped to market it ...
Venture Lines Up $140.7Mln of Financing for Development of Ardmore, Pa., Apartments
Commercial Observer Bank OZK and Affinius Capital have provided $140.7 million of financing for the development of the Piazza at Ardmore, a 270-unit apartment property in the Philadelphia suburb of Ardmore, Pa. The bank provided $112.6 million of senior financing, ...
5 Crescent Drive and 4411 South Broad St. in Philadelphia’s Navy Yard Corporate Center.
The Eastern Atlantic State Regional Council of Carpenters has paid $52 million, or $250.26/sf, for the 207,770-square-foot office property at 5 Crescent Drive and 4411 South Broad St. in Philadelphia's Navy Yard Corporate Center. The property was owned by a ...
Vacant Phila. Office Property Sells for $52Mln; $85.15Mln CMBS Loan Resolved
Philadelphia Business Journal The Eastern Atlantic State Regional Council of Carpenters has paid $52 million, or $250.26/sf, for the 207,770-square-foot office property at 5 Crescent Drive and 4411 South Broad St. in Philadelphia's Navy Yard Corporate Center. The property was ...
Shoppes at Wissinoming
Brown's Real Estate has paid $30.8 million, or $311.17/sf, for Shoppes at Wissinoming, the 98,982-square-foot shopping center at 5597 Tulip St. in Northeast Philadelphia. The Westville, N.J., investor, which owns and operates 14 ShopRite grocery stores in the Philadelphia area, ...
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