<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Philadelphia Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Exton Industrial Sells for $2.5M]]></title><link><![CDATA[http://www.costar.com/News/Article/Exton-Industrial-Sells-for-$25M/149516?ref=/News/Article/Exton-Industrial-Sells-for-$25M/149516&src=rss]]></link><description><![CDATA[The Chester County Food Bank acquired the industrial building at 650 Pennsylvania Dr. in Exton, PA from private investors for $2,544,000, or about $71 per square foot.

The 36,000-square-foot manufacturing building was built in 1991 on 3.75 acres in the Chester County Industrial submarket. It has 6,000 square feet of built-out <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a>, 21-foot clear heights, four loading docks and one drive-in.

Scott Williams of Binswanger represented the...]]></description><author><![CDATA[Monique Heckman <news@costar.com>]]></author><pubDate><![CDATA[Wed, 19 Jun 2013 10:22:38 GMT]]></pubDate></item><item><title><![CDATA[Bloomsburg Retail Sells for $2.5M]]></title><link><![CDATA[http://www.costar.com/News/Article/Bloomsburg-Retail-Sells-for-$25M/149512?ref=/News/Article/Bloomsburg-Retail-Sells-for-$25M/149512&src=rss]]></link><description><![CDATA[Gold PA LLC acquired the retail building at 11 Ricky Ave. in Bloomsburg, PA from Ruby Tuesday, Inc. for $2.58 million, or about $522 per square foot.

The single-story, 4,940-square-foot restaurant building was constructed in 2005 in the I-81 Corridor of Philadelphia's Columbia County.  The 1.8-acre lot offers 123 parking spaces.

Matt Mousavi of Faris Lee Investments represented the seller.

Please refer to CoStar COMPS #2711229 for more information...]]></description><author><![CDATA[Monique Heckman <news@costar.com>]]></author><pubDate><![CDATA[Wed, 19 Jun 2013 10:01:10 GMT]]></pubDate></item><item><title><![CDATA[Community Aid Leases 73,500 SF at Plaza Shopping Ctr]]></title><link><![CDATA[http://www.costar.com/News/Article/Community-Aid-Leases-73500-SF-at-Plaza-Shopping-Ctr/149502?ref=/News/Article/Community-Aid-Leases-73500-SF-at-Plaza-Shopping-Ctr/149502&src=rss]]></link><description><![CDATA[Community Aid, Inc. signed a lease to occupy 73,500 square feet at the Plaza Shopping Center located at 1060 N. Susquehanna Trail in Selinsgrove, PA.

The 141,106-square-foot shopping center was constructed in 1954 and sits on 15 acres in Snyder County.  The shopping center features two loading docks and 200 parking spaces.

Nikolas Sgagias with NAI CIR represented both the tenant and the landlord in negotiations.
]]></description><author><![CDATA[Donna Stokes <news@costar.com>]]></author><pubDate><![CDATA[Wed, 19 Jun 2013 07:10:43 GMT]]></pubDate></item><item><title><![CDATA[Duke Buys Logistics Portfolio From USAA ]]></title><link><![CDATA[http://www.costar.com/News/Article/Duke-Buys-Logistics-Portfolio-From-USAA/149600?ref=/News/Article/Duke-Buys-Logistics-Portfolio-From-USAA/149600&src=rss]]></link><description><![CDATA[CBRE has closed the sale of a 4.86 million-square-foot portfolio of industrial logistics buildings in six states on behalf of USAA Real Estate Co. to Duke Realty (NYSE: DRE).

The eight-building core portfolio of mostly single-tenant net leased buildings "was a great opportunity for Duke Realty to acquire a critical mass of bulk industrial product in a single transaction," according to a release by CBRE, which represented seller USAA in the deal...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 19 Jun 2013 03:30:03 GMT]]></pubDate></item><item><title><![CDATA[C&D Tech Sells 248,000-SF Industrial Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/CD-Tech-Sells-248000-SF-Industrial-Bldg/149523?ref=/News/Article/CD-Tech-Sells-248000-SF-Industrial-Bldg/149523&src=rss]]></link><description><![CDATA[C&D Technologies, Inc. sold two industrial buildings at 82 E. Main St. in Leola, PA to Dart Container Corporation for $3.2 million, or approximately $13 per square foot.

The front and rear buildings total 247,720 square feet on 17 acres in the Lancaster County Industrial submarket.  The 199,020-square-foot front building was originally constructed in 1955 and renovated in 1999, and the 48,700-square-foot rear building was constructed in 2001....]]></description><author><![CDATA[Christina Armstead <news@costar.com>]]></author><pubDate><![CDATA[Wed, 19 Jun 2013 01:19:14 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development & Construction News for June 16 - 22]]></title><link><![CDATA[http://www.costar.com/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-16-22/149547?ref=/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-16-22/149547&src=rss]]></link><description><![CDATA[Port of Seattle Taps Panattoni for 87-Acre Business Park
The Port of Seattle has chosen Panattoni Development Co., Inc. to develop the Des Moines Creek Business Park project on 87 acres south of Seattle-Tacoma International Airport. 

The Newport Beach, CA-based privately-held real estate development firm was picked from a field of four companies to develop a combination of airport-related commercial and light industrial uses at the project valued...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 18 Jun 2013 10:46:58 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (June 9 - 15)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-June-9-15/149473?ref=/News/Article/CoStars-People-of-Note-June-9-15/149473&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: New York City, Northern New Jersey, St. Louis, Portland, and Tampa.
 
GLOBAL
Cushman & Wakefield Names Sant’Albano as Interim CEO, Replacing Rufrano 
By Paul Norman

Cushman &  Wakefield has named Carlo Barel di Sant’Albano as the interim CEO replacing Glenn Rufrano.  Sant’Albano will continu]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 14 Jun 2013 03:19:49 GMT]]></pubDate></item><item><title><![CDATA[Mack-Cali Promotes Six Longtime Employees]]></title><link><![CDATA[http://www.costar.com/News/Article/Mack-Cali-Promotes-Six-Longtime-Employees/149453?ref=/News/Article/Mack-Cali-Promotes-Six-Longtime-Employees/149453&src=rss]]></link><description><![CDATA[New Jersey-based Mack-Cali Realty Corporation (NYSE: CLI), a fully-integrated, self-administered, self-managed real estate investment trust, has announced the promotion of six longtime employees to executive-level positions within the firm.

Francis X. Shea has been named vice president of development, responsible for Mack-Cali's commercial development activities including land development and interior renovations.  He joined Robert Martin Company...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 13 Jun 2013 06:32:22 GMT]]></pubDate></item><item><title><![CDATA[CRE Pricing Strengthens Following Seasonal Slowdown]]></title><link><![CDATA[http://www.costar.com/News/Article/CRE-Pricing-Strengthens-Following-Seasonal-Slowdown/149428?ref=/News/Article/CRE-Pricing-Strengthens-Following-Seasonal-Slowdown/149428&src=rss]]></link><description><![CDATA[<a href="http://www.showcase.com/" target="_blank">Commercial real estate</a> prices resumed broad-based gains in April, shaking off the effects of a seasonal slowdown in the first quarter, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI) release.

The equal-weighted and value-weighted U.S. Composite Indices posted solid monthly gains in April of 1.9% and 1.1%, respectively, as market fundamentals continued to improve across all the major CRE property types.

The value-weighted...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 12 Jun 2013 10:20:04 GMT]]></pubDate></item><item><title><![CDATA[BreadPartners Signs Long Term Lease in Cinnaminson]]></title><link><![CDATA[http://www.costar.com/News/Article/BreadPartners-Signs-Long-Term-Lease-in-Cinnaminson/149191?ref=/News/Article/BreadPartners-Signs-Long-Term-Lease-in-Cinnaminson/149191&src=rss]]></link><description><![CDATA[BreadPartners, Inc. will relocate from its Westhampton location to occupy the entire 50,000-square-foot industrial building at 2800 Cindel Dr. in Cinnaminson, NJ.

The building was constructed in 1998 on 7.8 acres in the Cindel Business Park, convenient to major highways and transportation routes.  It features eight loading docks, one drive-in bay and 30-foot clear heights. 

Harriet Summers of Feinberg and McBurney Realty/Development LLC represented...]]></description><author><![CDATA[Nashira Smith <news@costar.com>]]></author><pubDate><![CDATA[Wed, 12 Jun 2013 06:17:15 GMT]]></pubDate></item><item><title><![CDATA[Epicor Leases 43,000 SF at Horizon Corp Ctr]]></title><link><![CDATA[http://www.costar.com/News/Article/Epicor-Leases-43000-SF-at-Horizon-Corp-Ctr/149367?ref=/News/Article/Epicor-Leases-43000-SF-at-Horizon-Corp-Ctr/149367&src=rss]]></link><description><![CDATA[Epicor, an enterprise resource planning and business software company, signed a 12-year lease for 42,940 square feet in the <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> at 3800 Horizon Blvd. in Feasterville Trevose, PA.  

Constructed in 2009, the five-story building totals 214,700 square feet in the Horizon Corporate Center office park and was awarded LEED Silver Certification in 2010 by the U.S. Green Building Council (USGBC).

Epicor's lease includes the entire second...]]></description><author><![CDATA[Tiara Boardley <news@costar.com>]]></author><pubDate><![CDATA[Wed, 12 Jun 2013 12:22:23 GMT]]></pubDate></item><item><title><![CDATA[Gaia RE Holdings Acquires Harmon Meadow Atrium 2]]></title><link><![CDATA[http://www.costar.com/News/Article/Gaia-RE-Holdings-Acquires-Harmon-Meadow-Atrium-2/149344?ref=/News/Article/Gaia-RE-Holdings-Acquires-Harmon-Meadow-Atrium-2/149344&src=rss]]></link><description><![CDATA[Gaia Real Estate Holdings LLC, along with equity partners Phoenix Insurance and Menora Mivtachim Insurance, has closed on its acquisition of Atrium 2 in the Harmon Meadow business park, located at 200 Plaza Dr. in Secaucus, NJ, from Hartz Mountain Industries, Inc.

The four-story, 249,863-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> was constructed in 1984 on three acres in the Meadowlands submarket of Hudson County, part of the 4.4 million-square-foot, mixed-use...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 10 Jun 2013 06:39:03 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Select Top Three Philadelphia Retail Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Philadelphia-Retail-Leases-Signed-in-Q1-2013/149306?ref=/News/Article/Market-Trend-Select-Top-Three-Philadelphia-Retail-Leases-Signed-in-Q1-2013/149306&src=rss]]></link><description><![CDATA[The select top <a href="http://www.showcase.com/retail-space" target="_blank">retail lease</a> signed during the first quarter of 2013 in the Philadelphia market was at 1309 Blue Valley Dr. in the Lehigh Northampton submarket.  Lehigh Hospital signed a lease for 50,000 square feet there.  The Cotswold Group handled the deal for the landlord.

EZ Bargain signed a 25,000-square-foot lease renewal at 5212 Market St. in West Philadelphia.  Walnut Street Equities represented the landlord in a direct deal.

Office...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 10 Jun 2013 03:10:21 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (June 2 - 8)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-June-2-8/149271?ref=/News/Article/CoStars-People-of-Note-June-2-8/149271&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, South Bay, New York City, Atlanta, Philadelphia, Texas, and the Southwestern U.S.
 
SOUTH FLORIDA
Balish Appointed to President, CEO at ARS 
By Justin Sumner

Adler Realty Services (ARS), a division of Adler Group, has appointed Christopher Balish as president and chief executive officer. In his new role, Balish will be responsible for overseeing a]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 07 Jun 2013 04:52:06 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development & Construction News for June 2 - 9]]></title><link><![CDATA[http://www.costar.com/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-2-9/149109?ref=/News/Article/In-The-Pipeline-CoStar-Development-Construction-News-for-June-2-9/149109&src=rss]]></link><description><![CDATA[Nonresidential Construction Spending Boosted By Private Projects
The recovery in private nonresidential construction continued on a slow and steady track this spring according to new data from the U.S. Census Bureau, with construction spending rising in April from the previous month's disappointing number.

Total nonresidential spending rose by a modest 0.7% in April to a seasonally adjusted annual rate of $552.45 billion, but remains down 2.1...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 05 Jun 2013 06:48:19 GMT]]></pubDate></item></channel></rss>