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10 South Jersey Wendy's locations sell for $25 million
News 5 hours ago
10 South Jersey Wendy's locations sell for $25 million

A New Jersey-based restaurant and hospitality group has sold 10 of its Wendy's restaurant properties across South Jersey in deals collectively...

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Fresh Grocer supermarket in University City to close in March
News 1 day ago
Fresh Grocer supermarket in University City to close in March

After nearly two decades, The Fresh Grocer supermarket is set to close next month in Philadelphia's University City neighborhood. "The University...

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Dechert, eying move to Schuylkill Yards, in legal staredown with state over tax credits
News 3 days ago
Dechert, eying move to Schuylkill Yards, in legal staredown with state over tax credits

Dechert is locked in a legal fight with a state agency over its plan to secure tax credits to move into one of two office towers set to be built in...

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Willow Grove apartment projects see 'incredible' demand, units renting out 'overnight'
News 4 days ago
Willow Grove apartment projects see 'incredible' demand, units renting out 'overnight'

In the spring of 2018, J. G. Petrucci Co. broke ground on a new $75 million, 275-unit apartment complex across from the Willow Grove train station,...

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Stoltz Real Estate Partners paid $67.75 million for Weston Lakeside apartments in Cary
News 4 days ago
Stoltz Real Estate Partners paid $67.75 million for Weston Lakeside apartments in Cary

A Bala Cynwyd estate investor is expanding its footprint in Cary, North Carolina, dropping nearly $68 million on an apartment community over a year...

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Student housing portfolio near Temple University sells for almost $24M
News 4 days ago
Student housing portfolio near Temple University sells for almost $24M

Govberg Realty has sold a 253-bed student housing portfolio within blocks of Temple University's campus for $23.7 million. An undisclosed buyer...

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Kohl's eliminates about 250 positions in restructuring
News 5 days ago
Kohl's eliminates about 250 positions in restructuring

Department store chain Kohl's Corp. is laying off 250 employees as part of a restructuring plan. The move is part of the retailer's efforts to have...

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South Jersey industrial building sells for double the price it traded for in 2015
News 5 days ago
South Jersey industrial building sells for double the price it traded for in 2015

A 131,000 square-foot industrial building in South Jersey sold for $9.75 million, less than five years after the property sold for half the price....

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L.F. Driscoll files $100M countersuit over Comcast tower development
News 6 days ago
L.F. Driscoll files $100M countersuit over Comcast tower development

The contractor of the Comcast Technology Center has filed a countersuit seeking $103 million in damages, claiming the developer of the tower caused...

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Exclusive: Wawa tests burgers, chicken sandwiches as part of expanded 'dinner platform'
News 6 days ago
Exclusive: Wawa tests burgers, chicken sandwiches as part of expanded 'dinner platform'

Wawa is looking to up its dinner game by quietly testing new options like hamburgers, waffle fries and breaded chicken sandwiches at some locations...

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How much Macy's space in the Wanamaker sold for; Coworking operator signs lease at building
News 6 days ago
How much Macy's space in the Wanamaker sold for; Coworking operator signs lease at building

The 435,000-square-foot space that covers the first three floors of the Wanamaker building at 1300 Market St. that is occupied by Macy's sold for ...

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Rutgers-Camden buys former methadone clinic, eyes site for future business school
News 1 week ago
Rutgers-Camden buys former methadone clinic, eyes site for future business school

The site of a former methadone clinic in the heart of downtown Camden has officially changed hands, as Rutgers University-Camden continues to...

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King of Prussia Mall owner Simon acquires another major mall chain
News 1 week ago
King of Prussia Mall owner Simon acquires another major mall chain

Simon Property Group Inc. (NYSE: SPG) will indeed acquire Taubman Centers Inc. in a deal foreshadowed by reports in early February. As the biggest...

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Exclusive: $100M suit filed over construction of Comcast Technology Center
News 1 week ago
Exclusive: $100M suit filed over construction of Comcast Technology Center

An entity affiliated with Prologis Inc., which closed on buying Liberty Property Trust a week ago, has filed a lawsuit seeking $103 million in...

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Cool Offices: Equus Capital Partners' HQ is reminiscent of a traditional barn
News 1 week ago
Cool Offices: Equus Capital Partners' HQ is reminiscent of a traditional barn

Equus Capital Partners' headquarters in Newtown Square is inspired by the earth. The 40,000-square-foot LEED Gold certified office has 25-foot-high...

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Prema Katari Gupta leaving PIDC for Center City District role
News 1 week ago
Prema Katari Gupta leaving PIDC for Center City District role

Prema Katari Gupta is leaving the Philadelphia Industrial Development Corp. for Center City District, where she will lead the organization's parks...

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Radnor Property Group arranges $142M in loans for Hamilton project
News 1 week ago
Radnor Property Group arranges $142M in loans for Hamilton project

Radnor Property Group has started the second phase of the Hamilton, a two-building apartment complex at 440 N. 15th St. in Center City that will...

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Swedesford Road office complex sees flurry of activity, uptick in leasing
News 1 week ago
Swedesford Road office complex sees flurry of activity, uptick in leasing

FRS Capital Management and Transparent Health Marketplace are among seven new office deals totaling 90,000 square feet at 440 and 460 E. Swedesford...

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Morgan Properties picks up Main Line apartment complex for $44M
News 1 week ago
Morgan Properties picks up Main Line apartment complex for $44M

An affiliate of Morgan Properties has expanded its Main Line presence and picked up Strafford Station in Tredyffrin for $44.3 million, according to...

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Fine Print: American College of Radiology moves to Two Liberty, Cohere relocates to Spring Arts
News 1 week ago
Fine Print: American College of Radiology moves to Two Liberty, Cohere relocates to Spring Arts

The American College of Radiology has leased and moved into 10,527 square feet on the 28th floor of Two Liberty Place at 1601 Chestnut St. in...

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Another Navy Yard building trades for top dollar
News 1 week ago
Another Navy Yard building trades for top dollar

As part of its divestment in office properties, Liberty Property Trust has closed on the sale of a building that houses Axalta Coating Systems Ltd....

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ShopRite-anchored Cross Roads plaza in South Jersey sells for $25M
News 1 week ago
ShopRite-anchored Cross Roads plaza in South Jersey sells for $25M

A nearly 100,000-square-foot shopping plaza anchored by a ShopRite sold for $25 million in South Jersey, about two weeks after another grocery...

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These are the Best Real Estate Deals and Dealmakers of the Year Award honorees
News 1 week ago
These are the Best Real Estate Deals and Dealmakers of the Year Award honorees

A group of judges have selected the projects being honored as part of our annual Best Real Estate Deals Awards scheduled for March 12. The honorees...

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Velocity Ventures scoops up another industrial property, aims for 1 million square feet in Pennsauken
News 1 week ago
Velocity Ventures scoops up another industrial property, aims for 1 million square feet in Pennsauken

Industrial real estate investment firm Velocity Venture Partners scooped up another property in Pennsauken, further expanding its presence in the...

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Bryn and Dane’s, a fast-casual restaurant chain, files for bankruptcy protection
News 1 week ago
Bryn and Dane’s, a fast-casual restaurant chain, files for bankruptcy protection

Bryn and Dane's Global Inc., a Plymouth Meeting-based fast-casual restaurant chain, has voluntarily filed for Chapter 11 bankruptcy protection....

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Phila.-area exposure to Macy's closures could be vast
News 1 week ago
Phila.-area exposure to Macy's closures could be vast

Pennsylvania Real Estate Investment Trust and Simon Property Group have the most local exposure to a round of closures Macy's Inc. is planning this...

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Sale of Wawa's flagship Old City store part of big year for net lease sales
News 1 week ago
Sale of Wawa's flagship Old City store part of big year for net lease sales

A Wawa overlooking Independence Hall and an LA Fitness in Fort Washington were among the sales propelling one firm to close $329 million of net...

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Macy's closing 125 additional stores, cutting 2,000 jobs
News 1 week ago
Macy's closing 125 additional stores, cutting 2,000 jobs

Retail giant Macy's Inc. is closing 125 stores and culling 10% of its corporate workforce, representing 2,000 jobs. Following closely on the heels...

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Behind the deal: How Liberty Property Trust and Prologis struck a $13B merger
News 1 week ago
Behind the deal: How Liberty Property Trust and Prologis struck a $13B merger

William P. Hankowsky took over as CEO Liberty Property Trust in 2003. About a decade ago, Liberty Property Trust undertook an exercise that...

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Why one company is leaving South Jersey for Delaware after 169 years
News 2 weeks ago
Why one company is leaving South Jersey for Delaware after 169 years

A South Jersey insurance agency is picking up its nearly 170-year-old roots in the state and relocating to Wilmington, Delaware, a move the company...

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