WSFS Financial Corp. has signed a long-term lease extension at 1818 Market Street. As a result, stability is being provided to a challenged Center City office asset. The Wilmington-based firm will maintain its 96,800-square-foot headquarters in the building. In addition, WSFS remains the tower’s largest tenant. The nearly 1 million-square-foot property has faced financial pressure… Read more »
A legal dispute has emerged between developers Dean Adler and Bill Glazer over the Bourse redevelopment. As a result, the partnership behind the project has begun to unravel. Emails filed in Delaware court documents show tensions escalating between the two parties. In particular, disagreements intensified after a December exchange. At the same time, project delays… Read more »
A South Philadelphia property long occupied by the Show & Tel strip club has been sold. As a result, a new use is expected for the site. The building is located at 1900 South Christopher Columbus Boulevard. For more than three decades, the property was operated as an adult entertainment venue. Recently, the business was… Read more »
Philadelphia has emerged as the fastest-growing market for office-to-residential conversions in the United States. Over the past year, the city’s conversion pipeline expanded from 1,200 units to 2,697 units. This marks a 119% increase between February 2025 and February 2026, according to data from RentCafe. While larger markets still lead in total unit counts, Philadelphia… Read more »
Chubb has completed the sale of its longtime office property in Old City as it prepares for a major relocation within Philadelphia. The company sold its 331,350-square-foot building at 436 Walnut Street to Extell Development for $30 million. Chubb owned the property for more than 20 years before finalizing the transaction. This sale comes just… Read more »
Blank Rome expanded its South Florida presence with a new office in West Palm Beach. The firm officially opened the location on March 1. The firm signed a sublease for 11,000 square feet at 222 Lakeview Avenue. This marks Blank Rome’s second office in South Florida. Currently, the office includes five employees, with plans for… Read more »
Redevelopment plans for the historic Bourse building in Old City have been revised. As a result, the previously proposed hotel component is being replaced with apartments. Under updated plans, a portion of the 302,000-square-foot property would be converted into 85 residential units. Previously, a 152-room hotel had been planned for that space. Therefore, the project’s… Read more »
Centre Square is under agreement to be acquired by PMC Property Group and Dean Adler. As a result, a major redevelopment of the Center City office complex is being planned. The 1.76 million-square-foot property sits at 1500 Market Street near City Hall. According to ownership, the distressed asset will be purchased for less than $100… Read more »
Philadelphia Legal Assistance (PLA) has signed a new lease in Center City Philadelphia. The nonprofit provides free civil legal services to residents who cannot afford representation. PLA secured 20,643 square feet at the historic Cast Iron Building. The organization will occupy the second and third floors at 718–720 Arch Street. The relocation positions PLA as… Read more »
Saint-Gobain has renewed the lease for its North American headquarters in Malvern, Pennsylvania. The renewal secures the company’s presence at the campus through at least 2042. Saint-Gobain and its subsidiary CertainTeed Corp. fully occupy the 321,226-square-foot campus at 18–20 Moores Road, near Route 202. The lease transaction is valued at more than $100 million, according… Read more »
