Posted on 2/13/20
Why CoStar Group Stock Just Popped 10%
What happenedShares of commercial real estate data and analytics company CoStar Group (NASDAQ:CSGP) got a big lift this morning, rising more than 10% in early trading. . . .
Posted on 2/12/20
Pittsburgh 2020 Multifamily Investment Forecast Report
Posted on 2/10/20
Western Pa. Real Estate Enjoys Top Sales Last Year
West Penn Multi-List, Inc. issued its year-end residential real estate report today. When comparing 2019 with 2018, home sales and prices have risen from last year . . .
Posted on 2/10/20
Successful Redevelopments Create Momentum for PREITs Portfolio
PREIT (NYSE: PEI) continues to build upon the early successes of its redevelopment program with new tenants coming to its redeveloped properties: Woodland Mall, Willow Grove . . .
Posted on 2/10/20
David's Bridal Announces the Expansion of Their Retail Footprint
Davids Bridal, the nations leading bridal and special occasion dress authority, announced today the opening of their newest retail store in Gainesville, Florida. The Gainesville location . . .
Posted on 2/5/20
City Wide Expands in Pennsylvania with New Pittsburgh Location
City Wide, the nation's largest facility management solutions company, announced its fourth Pennsylvania location with the opening of a new office in Pittsburgh serving the Southwestern . . .
Posted on 2/4/20
Cohen & Company to Move to Expanded Office Space in Downtown Pittsburgh
Cohen & Company is pleased to announce its growth in the Pittsburgh market with its move to 525 William Penn Place, Suite 3010. The firm is . . .
Posted on 1/30/20
Seagis Property Group Acquires 42,000 SF Warehouse in Miami, FL
Seagis Property Group announced today that it has acquired a 42,000 square foot warehouse building in the Gratigny submarket of Miami-Dade County. The property is located . . .
Posted on 1/29/20
Kay Chewning Joins Edge As Senior Director Of Advisory Services
Kay Chewning has joined Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia
Posted on 1/28/20
Tremont Mortgage Trust Provides $14.0M First Mortgage Bridge Loan
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.0 million first mortgage bridge loan to refinance a five-story, 1,100 space structured . . .
Posted on 1/22/20
Balfour Beatty Communities Acquires 530 Units in Two-Property Multifamily Deal
MALVERN, Pa.--(BUSINESS WIRE)--Balfour Beatty Communities, a national residential real estate investment and management company, announced today that it has acquired the Paces Brook apartment community located . . .
Posted on 1/21/20
Newmark Group Is Cheap At 5x EBITDA
SummarySpun-off from BGC Partners, Inc., Newmark offers real estate services mainly in the United States.With recurrent sales and trading at 5x 2020 Adjusted EBITDA, Newmark represents, . . .
Posted on 1/21/20
Columbia Property Trust Completes Sale of Westinghouse Campus in Suburban Pittsburgh
NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has completed the sale of certain of its subsidiaries which own an office property . . .
Posted on 1/21/20
Centric Financial Corp. Announces Opening of New Devon Financial Center in Chester County
Centric Financial Corporation (OTC Pink: CFCX), the parent company of Centric Bank, has opened its sixth financial center and second location in Chester County, at 105 . . .
Posted on 1/17/20
Investor Purchases Westinghouse Electric Company’s HQ in Pittsburgh
JLL completes sale on behalf of Columbia Property TrustJLL Capital Markets announced today that it has closed the sale of certain subsidiaries of Columbia Property Trust . . .
Posted on 1/17/20
Industrial Market Fundamentals are Strong Going into 2020
Newmark Knight Frank (NKF) released its fourth-quarter 2019 industrial market reports for Greater Philadelphia and the I-81/78 Corridor. Both markets hit notable milestones in the final . . .
Posted on 1/13/20
Grocery-Anchored Shopping Center Sold by Institutional Property Advisors
IPA Capital Markets provided acquisition financing. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Centre Square Commons, . . .
Posted on 1/13/20
CBRE Net Lease Team Closes 2019 With Sales Volume Up 31% Over Year Prior
Team Predicts 2020 Will Be Another Milestone YearCBRE today announced that Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson—the Philadelphia-based arm of CBRE’s Net-Lease Properties . . .
Posted on 1/13/20
Why CoStar Group Stock Soared 77% in 2019
What happenedShares of CoStar Group (NASDAQ:CSGP), which provides data and marketing services to the multifamily and commercial real estate industry, rocketed 77.4% in 2019, according to . . .
Posted on 1/10/20
The 3 Biggest CRE Tax Takeaways From 2019
Though 2017’s Tax Cuts and Jobs Act was generally seen as a boon for real estate companies, it also confronted them with a few difficult choices . . .
Posted on 1/6/20
ROCK Commercial Real Estate Recently Completes 264,274 SF in Sale and Lease Transactions
ROCK Commercial Real Estate, an industry leader in South Central Pennsylvania, recently completed 21 sale and lease transactions totaling 264,274 square feet. SALES Drumore Holdings Limited . . .
Posted on 1/6/20
Prologis Commences Exchange Offers for Liberty Property Notes
Prologis, Inc. (NYSE: PLD; "PLD") and Liberty Property Trust announced that PLD's operating partnership, Prologis, L.P., commenced offers to exchange outstanding notes (the "Liberty Notes") of . . .
Posted on 1/3/20
Morgan Properties Wins 153 Awards in 2019
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Morgan Properties,a real estate investment and management company, announced today a total of 153 award wins in 2019. Morgan Properties was recognized . . .
Posted on 1/1/20
Gaming and Leisure Properties Appoints Carol Lynton to Board of Directors
WYOMISSING, Pa., Dec. 27, 2019 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), announced today that it has named Carol (“Lili”) Lynton to its . . .
Posted on 12/24/19
Innovative Industrial Properties Acquires Properties in Pennsylvania and North Dakota
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated . . .
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