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VIDEO: CRE Investors Set Sights on Secondary and Sunbelt Markets

VIDEO: CRE Investors Set Sights on Secondary and Sunbelt Markets

JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re evening turning their eyes toward the tertiaries.…

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Keystone NAP Reinvents Former Fairless Works Steel Mill into Advanced Data Center

Keystone NAP Reinvents Former Fairless Works Steel Mill into Advanced Data Center

Once a buzzing steel mill that employed thousands of people, the former Fairless Works located on the bank of the Delaware River in Bucks County will be replaced by an advanced data center that is expected to cater to the technology needs of the Northeast’s growing business environment.…

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Former Frankford Chocolate Factory, 1515 Market St. Up for Grabs for a Cumulative $100 Million

Former Frankford Chocolate Factory, 1515 Market St. Up for Grabs for a Cumulative $100 Million

One of the largest sites available for development in Philadelphia is looking for a buyer as lawyers are liquidating its late owner’s real estate assets. Meanwhile, 1515 Market Street was put on the market and will be acquired for $85 million by Accesso Partners.…

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Brandywine Teams Up with LCOR/CalSTRS to Build $140 Million Mixed-Use Tower in Center City

Brandywine Teams Up with LCOR/CalSTRS to Build $140 Million Mixed-Use Tower in Center City

Brandywine Realty Trust, the company behind the Cira Centre South development at 30th and Chestnut Streets, recently announced construction is imminent for a new mixed-use project in the heart of Philadelphia.…

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National Products Building Goes Residential, Keeps Historic Orange-Tiled Façade

National Products Building Goes Residential, Keeps Historic Orange-Tiled Façade

By Veronica Grecu, Associate Editor After several redevelopment attempts that failed throughout the years since 2003, a group of developers plans to transform the block of six buildings located in Philadelphia’s historic Old City neighborhood between 2nd and Arch Street and within walking distance from one of the nation’s oldest…

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Apartment Building on Sansom Street Changes Ownership in $40 Million Transaction

Apartment Building on Sansom Street Changes Ownership in $40 Million Transaction

Roughly four months after paying nearly $29 million for the Oakwood Apartments, New York-based Pantzer Properties grabbed another residential building on the 1600 block of Sansom Street in the heart of Center City Philadelphia.…

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Wistar’s $100 Million Biomedical Research Tower Opens in University City

Wistar’s $100 Million Biomedical Research Tower Opens in University City

Last month the Wistar Institute, an independent biomedical research center, hosted a grand opening gala to celebrate its new research laboratory in the heart of Philadelphia’s University City district.…

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$42.5 Million Community Center Brings Healthcare Services, Literacy and Recreation Under One Roof

$42.5 Million Community Center Brings Healthcare Services, Literacy and Recreation Under One Roof

Starting 2016, Philadelphia will have a new community health and literacy center located on a full city block at the intersection of Broad and Morris Streets.…

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Franklin Mills Mall Changes Name to Philadelphia Mills, Starts Year-Long Renovations

Franklin Mills Mall Changes Name to Philadelphia Mills, Starts Year-Long Renovations

Franklin Mills, Greater Philadelphia’s largest retail detsination after King of Prussia, is getting a facelift and a new name as part of a multimillion dollar renovation, the mall’s owner announced recently.…

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Drexel Launches RFP for Revolutionary Innovation Neighborhood in University City

Drexel Launches RFP for Revolutionary Innovation Neighborhood in University City

As city authorities across the country try to boost business investment and encourage companies to relocate or consolidate their local footprint, a new economic development concept is taking shape. It’s called “innovation district” and it promotes the exact opposite idea of the Silicon Valley office park model: instead of having…

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Burlington City Waterfront Revitalization to Start with 183-Unit Residential Community

Burlington City Waterfront Revitalization to Start with 183-Unit Residential Community

Burlington City’s bleak waterfront is set for a major transformation as the Common Council recently unveiled plans for a new residential development near the Delaware River in the city’s historic district.…

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Keystone Unveils Updated Plans for $200 Million Mixed-Use Project in Conshohocken

Keystone Unveils Updated Plans for $200 Million Mixed-Use Project in Conshohocken

The $200 million mixed-use project that Keystone Property Group is looking to build in Conshohocken is moving forward as the developer recently presented updated details for the mega-development and announced that architecture and consulting firm Gensler will lead the planning and design of the project.…

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