BG Capital has sold its medical office campus in Philadelphia’s Port Richmond neighborhood for $53.1 million. The campus, comprising three medical office buildings, was purchased by the New Jersey-based commercial real estate company, the Hampshire Cos., and its international investment partner, Arbah Capital. The sale resulted in BG Capital BG Capital has sold 90% equity… Read more »

Penn Medicine on Monday officially opened what it is describing as the largest instrument processing and surgical supply preparation facility in the country. Workers at the $80 million, 110,000-square-foot Interventional Support Center in Southwest Philadelphia will sterilize and package thousands of instruments each day for use in surgeries and procedures. The instruments to be sterilized… Read more »

Brandywine Realty Trust is working to pre-lease a proposed $300 million, 500,000-square-foot life sciences building at its Schuylkill Yards campus in University City and expects to buy a lease hold interest in the site during the first half of 2021. It will strike that long-term lease deal at 3151 Market St. with Drexel University, its… Read more »

Silverstein Properties Inc. and Cantor Fitzgerald have made a $56 million investment in the development of 3.0 University Place, a proposed 250,000-square-foot life sciences building in the University City neighborhood of Philadelphia. The two New York firms will join Philadelphia-based University Place Associates on the eight-story $100 million project that will have a combination of… Read more »