Regions Midatlantic | Philadephia
Despite Economy’s Rumblings, Philadelphia Looking Up
Consider the next few months a window of opportunity. That was the message delivered by Joel Naroff, chief economist for TD Bank N.A. and president of Naroff Economic Advisors, speaking on the opening panel of CPN’s Hidden Opportunities conference in Phialdephia on Wednesday.
hughes Philadelphia: Soon to be America’s Greenest City?
If Philadelphia mayor Michael Nutter meets his goal, the City of Brotherly Love could soon be called the City of Sustainability instead. He plans to make the nation’s first capital the greenest city in America. And he has set out 15 targets to achieve that goal by 2015, before his term is up.
Government-Related Niche Keeps Active as Brandywine Gets Funding for IRS Projects in Philly
Brandywine Realty Trust is the latest firm to take advantage of the relatively stable government-related development market. Despite the continuing credit crunch and still-foundering economy that has laid low commercial property deals across the globe, Brandywine has received funding commitments of $209.3 million and $46.7 million, respectively, for a Philadelphia office rehabilitation and nearby parking garage project, both of which will be occupied by the Internal Revenue Service.
2000 Market St With Large Chunks of Space Scarce in Philly, Law Firm Relocates
Fox Rothschild L.L.P., a tenant at 2000 Market St. for three decades, has wrapped up its search for a new home, having found just the right space right under its nose. The law firm signed a new lease for nearly 104,500 square feet of premier space on three floors in the 665,600-square-foot building.
Brandywine Closes $90M Loan in Philadelphia
Brandywine Realty Trust has closed an $89.8 million first mortgage financing on Two Logan Square, a 702,006- square-foot, 99 percent leased, class A, office tower in Philadelphia, Pa.
2.2 MSF Office, Hotel Project Gets Nod from Philly City Council
Hill International Real Estate Partners L.P. has unanimously received final approval from the Philadelphia City Council for zoning and other regulatory variances necessary for the development of the proposed American Commerce Center, a 2.2-million-square-foot office and hotel tower to be located at 1800 Arch St. in Center City Philadelphia.
Colliers Lanard Merges with Markward Group
Colliers Lanard & Axilbund has merged with Allentown-based Markward Group. In business since 1997, Markward Group is a full-service commercial, industrial and retail real estate brokerage firm.
 

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