Philadelphia
Radnor Secures $65M for Philly Development
During the first of The Hamilton’s two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.
5 Cap Launches Investment Program with $60M Buy
The acquisitions are in line with the new national investment venture’s strategy to pump more than $1 billion into assets under management, focusing on purchasing and operating value-add residential properties.
Inspirit Nabs 2 PA Senior Living Facilities
The Palmerton and The Willow are the latest additions to an extensive new regional network planned by the company. Additionally, Inspirit intends to renovate both assets.
HFF Tapped to Market Pennsylvania Residential Asset
The company is representing the seller, a joint venture between CenterSquare Investment Management and Korman Residential, which acquired the asset back in 2007 for $30 million.
NewCourtland to Redevelop Former Liddonfield Homes Site
The new owner acquired the site for $5.5 million from the Philadelphia Housing Authority. The former public housing development will be transformed into an affordable senior housing community.
JV Taps HFF to Market Luxury Philadelphia Tower
The 28-story, 363-unit 3601 Market is located in the University City submarket and features studio, one- and two-bedroom floorplans, as well as penthouses.
RRA Sells Philly-Area Apartment Community
The 82-unit Foxcroft Terrace Apartments traded for $5.4 million. The new owner will rebrand the residential property as Forest Creek Apartments.
Pennrose Hires Veteran as VP of Operations
Barry Weaver will provide leadership to regions in eastern Pennsylvania and New Jersey. He has more than 25 years of experience in multifamily property management.
RRA Sells 2 Philadelphia Assets for $13M
The two Philadelphia-area assets offer a total of 130 units.
Post Brothers Wins $103M to Transform Historic Office
Philadelphia’s The Atlantic will be redeveloped into a luxury community.