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05/22/2018
Blocks from Elevated Rail Park Opening in June, Historic Center City Property Changes Hands
Since early 2015, Arts and Crafts Holdings has invested close to $115 million to acquire more than 15 residential, retail, office and industrial properties within the recently dubbed Spring Arts District, which stretches along Spring Garden and Callowhill...

05/21/2018
REAP Graduate Elected to ICSC Board of Trustees
Angele Robinson-Gaylord, president of U.S. property for Ikea Group outside of Philadelphia (pictured, left) alongside chairman of the REAP board G. Lamont Blackstone (right).Credit: Tony Wilbert for CoStar Group Inc. Among the new members elected to...

05/14/2018
In a Jackpot for Atlantic City Casinos, Supreme Court Allows States to Legalize Sports Betting
Ocean Resort Casino opening next month in Atlantic City is making sports entertainment a big part of the casino's differentiation strategy. Credit: AC Ocean Walk In a boost not to just Atlantic City but to betting venues across the country, the Supreme...

05/14/2018
H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

05/11/2018
Philadelphia Apartment Properties Selling at Fastest Pace in 10 Years
Rent growth may be slowing in Philadelphia’s apartment market but properties listed for sale are changing hands in near record time. Over the past four quarters, properties that reached closing spent an average of only five months on market before...

05/09/2018
American Dream Meadowlands Remains Set for Spring 2019 Debut
Construction continues at the American Dream Meadowlands retail and entertainment site, though developers say the project could deliver soon.Credit: Triple Five Worldwide Long-awaited and long-delayed American Dream Meadowlands, a multi-billion dollar...

05/08/2018
Korean Investment Group Wins Bidding for GSK's Navy Yard Office Building in Philadelphia
Liberty Property Trust sold the 207,779-square-foot office building at Five Crescent Drive in Philadelphia's Navy Yard to a unit of Korea Investment Management Co. Ltd. for $130.5 million, or approximately $628 per square foot. Designed by Robert A...

05/08/2018
Large-Scale Apt. Deliveries Fanning Out to West Philly, South Philly, and North Broad Street
Philadelphia’s ongoing apartment building boom began in Center City during 2012 - 2013 marked by the completion of pioneering projects such as PMC Property Group’s 2040 Market and John Buck Company’s 2116 Chestnut, which were among the first large-scale...

05/08/2018
Gabe’s Continues to Expand, Leases Space for New Store in Dickson City
Gabe’s, an off-price fashion and home retailer, signed a lease for about 27,943 square feet in Brixmor Property Group's shopping center at 600-800 Commerce Boulevard in Dickson City, PA. The center, known as Dickson City Crossings, totals approximately...

05/08/2018
Grocery Outlet Leases Space in Easton
Discount grocert chain Grocery Outlet has signed a lease for about 21,146 square feet in the retail shopping center at 2429-2469 Nazareth Road in Easton, PA. The shopping center, known as 25th Street Shopping Plaza, totals approximately 131,045 square...

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