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Philadelphia's Independence Hall Office Market Heating Up
The Bourse building in Philadelphia. Early signs may be surfacing of a resurgence in Independence Hall’s office market in Philadelphia. Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets...

Local Investment Firm Pays $32M for Collegeville Office Buildings
The 104,799-square-foot Highview II office building in Collegeville, Pennsylvania. Maguire Hayden Real Estate Company, a local investment and management firm, purchased two office buildings totaling 183,363 square feet at Providence Corporate Center...

Finnegan Joins Avison Young as Principal in Philadelphia
Bill Finnegan has been tapped to serve as a principal at Avison Young in Philadelphia, where he will continue to focus on corporate tenant representation. Finnegan most recently served as a senior vice president at Jones Lang LaSalle (JLL), and, before...

Real Capital Solutions Pays $15.3M for Wilmington Office Park
The 68,446-square-foot office building at 503 Carr Road in Wilmington, Delaware. Louisville, Colorado-based Real Capital Solutions (RCS), an acquisition, development and management firm, purchased a three-building office park totaling 204,725 square...

Foreign Investor Closes On Its Biggest U.S. Industrial Deal to Date
Investcorp has purchased 56 industrial properties in seven U.S. markets for $300 million. A Bahrain-based global investor with $22 billion in assets closed on its biggest U.S. industrial portfolio yet, giving the firm another 4.5 million square feet...

Morgan Properties Solidifies Position in Multifamily Credit
Image credit: Freddie Mac

Patriot Equity Partners Pays $16.1M for Giant in Mechanicsburg
The 51,500-square-foot Giant at Mechanicsburg Plaza in Mechanicsburg, Pennsylvania. Newport Beach-California-based Patriot Equity Partners, a privately-held investment firm, purchased a 51,500-square-foot grocery store at Mechanicsburg Plaza in Mechanicsburg...

Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

Pantzer Properties Pays $66M for Norristown Multifamily Complex
The 338-unit Point at Plymouth Meeting apartment complex in Norristown, Pennsylvania. New York-based Pantzer Properties, a full-service investment firm that focuses on the acquisition of multifamily properties, purchased a 338-unit apartment complex...

Apartment Developers Converging On Philadelphia's University City
Construction for the 420-unit apartment complex at 3720 Chestnut in Philadelphia is slated to begin by the first quarter of 2019. University City’s apartment landlords have enjoyed little competition from newly delivered units in recent years. Massive...

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