Noah Zucker

South Korean shipbuilder Hanwha is investing $5B in the Philadelphia Navy Yard. NewcrestImage opened the Seahaus Hotel on the Atlantic City boardwalk.

An office property at 1170-1190 Devon Park Drive in King of Prussia sold for $63.5M, up 7% from its sale price a decade ago.

PRDC aims to build a 740-unit mixed-use project at the former Norristown State Hospital while MM Partners builds 116 apartments downtown.

Sojo Industries is moving into a space at the Langhorne Logistics Center. Trophy Commercial Real Estate coordinated the sale of a $1.8M site in Norris Square.

A 1.3M SF former Cardone Industries facility in Northeast Philadelphia is available to lease. Colliers listed the property on behalf of NorthPoint Development.

A group of healthcare executives purchased Taylor Hospital in Ridley Park for $1M with plans to open an emergency room at the former Crozer Health property.

Cottonwood Group has closed a $1B fund focused on special situations. This comes as $2T worth of CRE loans are set to mature through 2027.

Demand for shallow-bay and other small industrial space is strong in Philadelphia and Eastern Pennsylvania, but elevated costs are stopping spec construction.

Officials aim to redevelop a former Navy air base in Horsham Township. Buccini Pollin Group bought three buildings at a Wilmington office complex.

Council President Kenyatta Johnson doesn't have a timeline for reviewing Comcast Spectacor and the Philadelphia 76ers' new arena proposal.