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…