The University of Pennsylvania is one of the top academic institutions in the country, but in University City it also takes the role of real estate developer. To be exact, there is $1.3 billion in construction currently underway at the Ivy League university, with $440 million more in the pipeline. The projects under construction include… Read more »
GI Partners, a San Francisco investment firm, has paid $79 million, or roughly $567 a square foot, for 3701 Market St. in the University City neighborhood of Philadelphia. The sale of the 8-story, 141,913-square-foot building highlights how life sciences properties trade at a premium and continue to attract outside real estate investors to Philadelphia and… Read more »
