Kevin Roberts

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    As widely expected, the Federal Open Market Committee maintained the target federal funds rate at 1 percent to 1.25 percent. The committee noted the likelihood of gradual rate increases down the line.

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    Equinix agreed to expand its original 30,164-square-foot space and occupy the seventh and eighth floors of Two Harbour Place in the city’s central business district.

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    Within the past year, the city welcomed several adaptive-reuse projects as well as two new office towers in its effort to adapt to the growing number of businesses relocating to core areas.

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    The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.

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