State: Pennsylvania - PA

Philadelphia Business Journal Ares Management has paid $118.5 million, or nearly $106/sf, for a portfolio of 14 industrial buildings with 1.12 million square feet in southern New Jersey. The Los Angeles investment manager bought the portfolio from Whitesell Construction of ...

Highwoods Properties, which two years ago said it would exit the Pittsburgh market, where it owns two office properties totaling 2.16 million square feet, has put that plan on hold as market conditions aren't in its favor.

Philadelphia Business Journal Baywood Hotels has paid $22.1 million, or $221,000/room, for the 100-room Residence Inn by Marriott Philadelphia Langhorne in the Philadelphia suburb of Langhorne, Pa. The Columbia, Md., investor bought the property, at 15 Cabot Blvd. East, a ...

The Accesso Partners affiliate that owns 1515 Market St. in downtown Philadelphia has initiated an effort to try to negotiate a term extension for the $59.37 million loan against the 502,217-square-foot office building. The loan doesn't mature until next January, but ...

Philadelphia Business Journal Certares Management LLC has paid $32.7 million, or $161,881/room, for the 202-room Le Meridien Hotel in downtown, or Center City, Philadelphia. The New York investment manager, which specializes in the hotel sector and last year had raised $284 ...

Commercial Real Estate Direct Staff Report Philadelphia's Centre Square in the city's downtown, or Center City, area, has had its appraised value lowered again, to $292.6 million. That puts it well below the $368 million of senior financing against the ...

Dow Inc. has signed a long-term lease extension for 800,000 square feet at the Arcola Corporate Campus, a two-building life-sciences property in Collegeville, Pa. Dow, which had been leasing 927,828 sf at the property, was paying $13.72/sf in base rent ...