Research Center - Philadelphia

  • Yardi Matrix: Philadelphia’s Growth Story

    Multifamily Spring Report 2016: The demand for apartments continues to rise in the City of Brotherly Love, driven by positive economic and demographic trends.

    14 June 2016 08:01
  • $16 M Carrier Hotel Announced in Wilmington; Investment Group Buys $36 M Industrial Portfolio along I-95 Corridor

    By Veronica Grecu, Associate Editor Private cloud and infrastructure service solution provider IPR International of Wayne, PA, has announced plans to transform its data center in Wilmington, DE, into a $16 million carrier hotel. This huge connectivity hub will be able to bring together a large number of networks and providers and will be dedicated [...]

    15 March 2013 18:07
  • Madison Apartment Group Breaks Ground on Luxury M-F Development in Bucks County

    By Veronica Grecu, Associate Editor Madison Apartment Group, the multifamily operating arm of Philadelphia-based BPG Properties, Ltd., recently broke ground on an apartment community called Madison New Britain and located in Chalfont, PA, in the heart of historic Bucks County. Madison New Britain is the first multifamily rental community to be created in the region [...]

    05 October 2012 12:16
  • Chestnut Hill Tower Changes Hands for $16.75 M; JV Announces Upscale Multifamily Project in Plymouth Meeting

    By Veronica Grecu, Associate Editor Gebroe-Hammer Associates, a private real estate investment firm based in Livingston, NJ, has closed the sale of an 18-story residential building located at 7600 Stenton Avenue, in the upscale Chestnut Hill neighborhood. The seller, an undisclosed out-of-state private owner, and the buyer, a Gebroe-Hammer client who also remained unnamed, were [...]

    20 September 2012 19:22
  • Two New Mixed-Use Developments Proposed for the Delaware River Waterfront

    By Veronica Grecu, Associate Editor The Philadelphia City Planning Commission received a proposal calling for a four-tower residential and retail complex at the former World Trade Center site, according to PlanPhilly.com. Reportedly, one of the towers would rise 426 feet, two of them would climb 227 feet, and the smallest would rise just a bit [...]

    03 September 2012 04:28
  • University City Science Center Announces New $15 Million Mixed-Use Tower

    By Veronica Grecu, Associate Editor In less than one month the University City Science Center (UCSC) will break ground on a new mixed-use tower located at the corner of 38th and Market Streets in West Philadelphia. A $15 million joint venture between the University City Science Center and Wexford Science + Technology, a private real [...]

    27 August 2012 02:55
  • USM HQ Receives LEED Silver Certification

    By Veronica Grecu, Associate Editor USM Inc., a subsidiary of EMCOR Group, Inc. which provides interior and exterior facilities maintenance programs, was recently awarded LEED Silver CI (Leadership in Energy and Environmental Design for Commercial Interiors) certification for its headquarter building in Norristown. The $9 million facility replaced the former Sears department store at 1800 [...]

    28 June 2012 01:21
  • Building 661 at Navy Yard to Become EEB Hub Headquarters

    By Veronica Grecu, Associate Editor The long-vacant Building 661 at the Philadelphia Navy Yard will become the new headquarters of the U.S. Department of Energy Innovation Hub for Energy-Efficient Buildings (EEB Hub), a federally funded organization launched in January 2011 by Pennsylvania State University and formerly known as the Greater Philadelphia Innovation Cluster for Energy-Efficient [...]

    14 May 2012 04:46
  • Homewood Suites by Hilton to Open in University City

    By Veronica Grecu, Associate Editor Hilton Hotels & Resorts is consolidating its presence in the city of Philadelphia with Homewood Suites, an 11-story extended stay facility that’s nearing completion. Development company Campus Apartments LLC broke ground on the $50 million hotel in December 2010, reports The Daily Pennsylvanian, and an opening ceremony for the public [...]

    30 April 2012 02:06