Regions Midatlantic | Philadephia
Housing Prices Fall Most in Philadelphia, Las Vegas
May 09, 2008
The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index.
Closing the Door on Condos
May 08, 2008
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
New Kids' Museum Sets Grand Opening for October
May 07, 2008
The Please Touch Museum, currently occupying 11,000 square feet at 210 N. 21st St., will make its debut at its new location on October 18, officials of the Philadelphia arts facility just announced.
Healthcare Data Firm Takes 45,000SF Office Building
May 06, 2008
After having sublet part of the office building at 2700 Horizon Drive in King of Prussia for the last four years, Health Market Science Inc. has made a move to expand its occupancy to the entire 45,000 square-foot property.
Binswanger Executes Five Leases in Philadelphia
May 05, 2008
On behalf of 1500 Walnut Enterprises L.L.C., Binswanger  announces the execution of five leases totaling 32,590 square feet at 1500 Walnut Street in Philadelphia, Pa.
Philly Company to Specialize in Green Building
May 02, 2008
A new custom green builder in Philadelphia, Build It Green, was formed by a construction management company and a local green real estate developer.
Philly Airport Area Considered for Casinos
May 01, 2008
State Senators Vincent Fumo and Reps. Mike O'Brien and Bill Keller, Democrats, have presented a measure to consider Harrisburg, Penn., near the airport, for Sugarhouse and Foxwoods casinos.
SSH Property, Young Capital Take Philadelphia's Wachovia Building
April 04, 2008
SSH Real Estate and Young Capital have announced the purchase of Unit II of 123 South Broad Street in Philadelphia from American Financial Realty Trust for a purchase price of $57.7 million or $92 per square foot.
Comcast Center in Philadelphia Gets $324M Funding
April 01, 2008
Liberty Property Trust's Liberty/Commerz 1701 JFK Boulevard L.P. has closed $324 million in permanent financing for Comcast Center, it has reported.
ardmore Dranoff Selected for $150M Pennsylvania Mixed-Use Project
March 21, 2008
Dranoff Properties will meet next week with the Ardmore Negotiations Team to begin contract talks about the Philadelphia-based firm’s $150 million revitalization project for Ardmore Station in Lower Merion Township, Penn.
Riparian Rights Settled, $300M Philadelphia Trump Tower to Break Ground
March 10, 2008
Pennsylvania Governor Ed Rendell granted riparian rights to the Trump Tower Philadelphia last Friday, clearing the way for the developer, The Trump Organization, to move forward on the $300 million condominium project located on the Delaware River. 
Soccer Team Could Kick Off $500M Investment for Chester, PA
Feb. 29, 2008
Yesterday’s announcement that Chester, Pa., will host Major League Soccer’s new Philadelphia team could bring as much as $500 million in development to the struggling city. 
Philly Crowd Economy Draws Lively Debate at CPN Philadelphia Conference
Jan. 31, 2008
Even experts continue to disagree about the depth of the American economy’s troubles and its impact on commercial real estate. That was clear during the lively opening panel discussion this morning at CPN’s annual Philadelphia Property Opportunities conference.
City Puts Brakes on Philadelphia Casinos
Jan. 25, 2008
The developer of a $550 million casino on the Philadelphia waterfront is preparing its next move after yesterday’s decision by Mayor Michael Nutter to revoke a key city license for the controversial project, one of the city’s largest planned developments.
Execs See Philadelphia as Life-Sciences Incubator
Jan. 01, 2008
Philadelphia real estate executives have a number of items on their wish lists for 2008: tax reform, a lower crime rate and a good start for Michael Nutter, the city’s well-regarded Mayor-elect.
gregg $100M Pennsylvania Hospital Project to Yield 173,000SF of Medical Office Space
Dec. 27, 2007
Cogdell Spencer Inc. has entered into a development agreement with St. Luke's Hospital and Health Network in Bethlehem, Pa., for the construction of the initial phase of the hospital's new Riverside Outpatient Campus about 70 miles outside of Philadelphia.
brandywine Brandywine Closes $245M Sale of Philly Properties to JV
Dec. 20, 2007
Brandywine Realty Trust has just wrapped up the sale of 29 office properties in the Philadelphia area to its joint venture with DRA Advisors L.L.C.
Unisys Moving Corporate HQ to Philadelphia
Dec. 19, 2007
Unisys Corp. has announced it will be relocating its corporate headquarters from Blue Bell, Penn. to Philadelphia.
casino rendering $250M Master Plan for Philly Casino Approved
Dec. 19, 2007
The Pennsylvania Gaming Control Board yesterday approved a $250 million Phase I master plan for the Philadelphia Park Casino and Racetrack in Bensalem, Penn. The plan was developed by Greenwood Gaming and Entertainment, which owns Philadelphia Park.
Brandywine, Penn Break Ground on $800M Philly Project
Nov. 19, 2007
Construction began today on Cira Centre South, part of an approximately $800 million, 2.8 million-square-foot development planned for Philadelphia’s University City by Brandywine Realty Trust and the University of Pennsylvania.
Brandywine to Contribute $245M Philly Portfolio to Joint Venture
Nov. 09, 2007
Brandywine Realty Trust is planning to take a 29-property chunk of its suburban Philadelphia office portfolio and sell it to a new joint venture for $245.4 million.
Philly Emerges from Apartment Cocoon
Nov. 01, 2007
The Philadelphia apartment market's stable, if slightly lagging, performance continues to attract developers. Though few towers are going up this year, 1,000 units are under construction and 1,900 are scheduled for delivery next year and beyond, according to Marcus & Millichap Real Estate Investment Services Inc.
O'Neill Breaks Ground on Largest-Ever Green Office in Suburban Philly
Oct. 25, 2007
O'Neill Properties Group has broken ground on Horizon Corporate Center, the largest green development in the history of the suburban Philadelphia office market.
Walnut Street Acquires 1800 Arch Street in Philadelphia
Oct. 01, 2007
Walnut Street Capital has acquired a 1.5-acre parcel at 1800 Arch Street in Philadelphia in partnership with a national real estate equity fund.
Wells REIT Takes Suburban Philly Office
Sept. 18, 2007
Wells Real Estate Investment Trust II has acquired a three-story, Class-A office property in Chesterbrook Corporate Center in suburban Philadelphia, leased to Shire Pharmaceuticals until 2017, Wells REIT II acquired the building from Grosvenor Investment Management US Inc., on behalf of a pension fund client. Financial terms were not disclosed.
 

Professional Real Estate Investing Direct


Philadelphia has been a major player in the commercial real estate market. With unsurpassed commercial property opportunities, the need for smart real estate investing tactics is a necessity. Get the latest Philadelphia real estate investment techniques from the one publication designed exclusively for commercial real estate professionals - Commercial Property News.