Philadelphia
TODAY’S DEALS: Delaware’s Largest Community Lands Refinancing
Delware’s largest community proves to be an easy sell for lenders, and an art deco apartment asset trades hands in Philly.
231-Unit Luxury Community Set to Break Ground in Downtown Wilmington
This summer Buccini/Pollin Group will break ground on a new luxury apartment community as part of a revitalization plan in Wilmington, Del.
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.
Joint Venture Grabs 116-Unit Luxury Rental Community in Suburban Philadelphia
A luxury apartment complex in suburban Philadelphia was acquired by a joint venture between Los Angeles-based Lowe Enterprises and First Capital Advisors of Wheaton, Ill.
European Fashion Retailer Signs Long-Term Lease for 677,000 Sq. Ft. Lehigh Valley Warehouse
Primark, a European fashion retailer looking to expand overseas, has officially entered the US market by leasing a 40-acre site in Pennsylvania’s Lehigh Valley industrial market to support its east coast operations.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
TODAY’S DEALS: Charles Dunn Sale Breaks Per Unit Price in LA’s Faircrest Heights
A 17-unit asset sets a per unit price record in an L.A. neighborhood; Meridian Capital arranges $21.7 million in financing for Pantzer’s acquisition of a Philadelphia property; and the Collier Companies buys a Tampa apartment with plans for a student housing redevelopment.
LGBT-Friendly Affordable Seniors Community Opens in Philly
Pennrose Properties and dmhFund have opened John C. Anderson Apartments, the first LBGT-friendly affordable seniors housing community in Philadelphia, to great fanfare.
Southern Land Company Breaks Ground in Philly
Southern Land Company breaks ground on a $110 million, 28-story residential tower at 3601 Market Street in Philadelphia. It is the first residential building in the 50-plus-year history of University City Science Center.