PHILADELPHIA -- A building along an ever burgeoning Chestnut Street in Center City has traded hands and will likely remain an office building for now. The 15-story, 90,000-square-foot structure at 1201 Chestnut St. was sold for $8.6 million by a private Bala Cynwyd partnership to…

PHILADELPHIA -- American Equity Development & Management Co. broke ground on a new two-building, 25,000-square-foot office complex in Lower Gwynedd, seeking to seize onto its location near three Montgomery County hospitals. Called Gwynedd Gate, the complex at 1600 N. Bethlehem Pike will aim to attract…

PHILADELPHIA -- Buccini Pollin Group bought Five and Six Executive Campus, an office complex in Cherry Hill for $17.6 million. Brandywine Realty Trust of Radnor sold the two buildings, which total 167,500 square feet. Five Executive, which sits at Kings Highway and Harvard Avenue, totals…

PHILADELPHIA -- The area called East of Broad Street in Center City, long in the shadow of its more successful, fast-changing brother -- West of Broad -- is on the verge of coming into its own. A bevy of current and anticipated activity covering a…

PHILADELPHIA -- Crescent Heights has paid $30 million for the Arts Tower, making it the fourth residential project the Miami-based real estate company has taken on in Center City. Crescent Heights plans to convert the Arts Tower, a 16-story apartment building at the corner of…

PHILADELPHIA -- A budding trend in the Center City real estate scene is putting a new twist on the practice of flipping real estate. While the red-hot real estate market enticed investors to flip -- buying condominiums or fixer-uppers in hopes of seeing values quickly…

PHILADELPHIA -- One Presidential Blvd., the 120,000-square-foot building in Bala Cynwyd where Aamco Transmissions Inc. has its headquarters, is in limbo. When Aamco announced March 8 that it would be bought out by Cottman Transmission Systems Inc., it meant that Aamco will no longer need…

PHILADELPHIA -- Allan Domb Real Estate bought two buildings along Walnut Street — Philadelphia’s premier High Street retail corridor — from Pearl Properties. The real estate company paid $8.5 million for 1423-1427 Walnut St., a 17,748-square-foot building, and $8 million for 1421 Walnut St., a…

PHILADELPHIA -- Retail rents along Walnut Street have reached a new threshold -- $100 a square foot and above -- in a clear sign retailers are willing to pay up to reside along a key Center City shopping corridor. The high rents underscore the rise…

PHILADELPHIA -- Moreland Development sold 1900 Chestnut St., a three-story, 7,100-square-foot building in Center City that it bought 14 months ago with the intention of putting in a Walgreens pharmacy. When neighborhood opposition mounted, Moreland decided drop its plans and sell. "We got an offer…

PHILADELPHIA -- An architecturally significant structure at 15th and Walnut streets in Philadelphia, the Drexel Building, that was home to one of the city's major financial institutions, was sold for $11.5 million. The deal was between two local private partnerships that didn't divulge their identities.…

PHILADELPHIA -- Yaron Properties is expanding its presence in Old City by adding two additional residential projects, switching its successful Merchants' Row apartment complex into condominiums, and breaking out a new concept for the building that housed MTV's "Real World" cast. Yaron has already amassed…