Monday, July 24, 2017

Four Office Buildings in Delaware and Bucks County, PA for $6.8M

The sales of four office buildings in Delaware and Bucks County, Pennsylvania have traded. The four properties sold for a combined sale price of $6.875 million. The seller was Penguin Real Estate Investors. The properties are:
53 West Baltimore Pike, a three-story 35,902 square foot class A office building in Media, PA, acquired by 53 Baltimore Pike LLC;
430-450 Lincoln Highway (Route 1) in Fairless Hills, PA, acquired by Olymbec;
 2050 and 2080 Cabot Boulevard West in Langhorne, PA, also acquired by Olymbec. The three-property portfolio acquired by Olymbec marks the first time the Canadian-based firm has tapped into the Greater Philadelphia office market.
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Morgan Properties has acquired Madison Montgomery

Morgan Properties, one of the country’s largest real estate investment and management companies, announced today it has acquired Madison Montgomery, a 264-unit apartment and townhome community located at 2701 Elroy Road in Hatfield, PA. The community was rebranded by Morgan Properties to Montgomery Manor Apartments & Townhomes. The property underwent a $17.5 million transformation by the previous owner in 2008, giving the property a class-A appearance. Morgan plans to enhance the current amenity offerings as well as capitalize on the opportunity to add additional amenities.
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Real Estate is Booming in Philadelphia (Video)

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Top 10 Issues Affecting Real Estate (Video)

Part 1 Part 2 Part 3 www.omegare.com

Thursday, July 20, 2017

U.S. real estate purchased by foreign buyers at record pace (Video)

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Equinix CEO: Data Center REIT Domination (Video)

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Target Leases 48,000 SF at Westmont Plaza

Target has signed a lease for 48,142 square feet in the Westmont Plaza shopping center at 630 - 662 W. Cuthbert Blvd. in Westmont, NJ.

The retail center totals 134,069 square feet in the North Camden County submarket of Philadelphia. Other tenants include Tuesday Morning and Super Fitness.
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