Philadelphia

Jefferson JV Plans Suburban Philly Development

The firm is partnering with CP Capital in a dynamic suburb known for leading schools and major employers.

Philadelphia: Image by Mindaugas Dulinskas/iStockphoto.com

Philadelphia Multifamily Report – December 2022

Despite headwinds, transactions hit another record.

Landmark to Develop Philly Student Housing Tower

The high-rise will provide residences for University of Pennsylvania and Drexel University students.

Post Brothers Secures $72M for Philadelphia Project

The development received financing from Lionheart Strategic Management and Bank OZK.

The Ryland. Image courtesy of LCOR

LCOR Tops Out Philadelphia Luxury Tower

The project’s construction is subject to a $90 million loan provided by Webster Bank.

FPA Multifamily Buys $96M Philadelphia Asset

JLL Capital Markets represented the seller of the 352-unit property.

Presidential City

KKR, Mack Buy Philly Luxury Asset

JLL Capital Markets represented the seller of the 1,015-unit property.

Filling a Historical Gap: Behind Philly’s Tallest Residential Tower

The 48-story high-rise in the metro’s Rittenhouse Square is an iconic addition to the city’s skyline.

Philly Mixed-Use Community Lands $150M Refi

Residents have access to various cultural and recreational venues, including The Franklin Institute.

Philadelphia Multifamily Report – August 2022

Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…