State: Pennsylvania - PA

Philadelphia Business Journal A venture of Centerbridge Partners and Plymouth Group plans on constructing the Budd Campus, a 2.4 million-square-foot life-sciences complex in Philadelphia. The property will offer a mix of laboratory and manufacturing space. The 25-acre development site sits ...

Philadelphia Business Journal Landmark Properties plans on constructing the 280-unit Standard at Philadelphia student-housing property in Philadelphia's University City neighborhood. The Athens, Ga., company recently bought the office building that sits on the site, at 119 South 31st St., for ...

LNR Partners, which as special servicer is handling $100 million of mortgage debt against the Montgomery Mall in suburban Philadelphia, has placed the 1.1 million-square-foot retail property on the sales block. It is said to have hired JLL Capital Markets ...

Pittsburgh Business Times Developer George Mongell plans on constructing a 252-unit apartment property at 3150 Smallman St. in Pittsburgh. Two years ago, Mongell had wanted to build a 252,000-sf office property on the site, which is in the Lower Lawrenceville ...

Pittsburgh Business Times Hillwood Development Co. plans on converting the former George Westinghouse Research and Technology Park in suburban Pittsburgh into a 2.9 million-square-foot distribution center. Amazon.com Inc. has agreed to fully lease the property, which sits on 133 acres ...

Dwight Capital has provided $41.8 million of mortgage financing under the U.S. Department of Housing and Urban Development's section 223(f) program against the 232-unit Mi-Place at West Rancocas apartment property in the Philadelphia suburb of Mount Holly, N.J. The loan ...

Jersey Holdings has paid $30 million, or $25/sf, for Burle Business Park, a 1.2 million-square-foot office/industrial complex in Lancaster, Pa. The Freehold, N.J., company is led by Moses Schwartz, founder of Office Pal, an office-supplies company that supplies government agencies ...

Paramount Realty Services Inc. has paid $114.25 million for a portfolio of five grocery-anchored shopping centers with 700,073 square feet in the greater Philadelphia area. The Lakewood, N.J., real estate company, which specializes in neighborhood shopping centers in the Northeast, ...

Philadelphia Business Journal A venture of Greystar Real Estate Partners and Mesirow Financial plans on constructing a 399-unit apartment property at the corner of 12th and Sansom streets in downtown Philadelphia. Plans call for demolishing the parking garage on the ...

DLP Real Estate Capital has paid $20.1 million for the 184-unit Edge at Kutztown student-housing property in Kutztown, Pa., resolving a distressed Freddie Mac loan. The property's fortunes were impacted by a decline in enrollment at Kutztown University. A total ...