COMMERCIAL REAL ESTATE
Goldman Sachs Asset Management Private Real Estate has purchased Chestnut Hill Village and Blosson Row from AIMCO for $170 million. The 45-acre, two-property portfolio includes a total of 821 apartments and are 96 percent occupied. Read more at the Philadelphia Business Journal.
Penn Medicine is the first healthcare system in the city to eliminate the sales of sports drinks and other sugary beverages from its cafeterias, snack bars and vending machines. Penn, along with three other hospitals in the city, will also revamp its food options as part of the “Good Food, Healthy Hospitals” initiative launched by the Philadelphia Department of Public Health. Read more at Philly Voice.
Kensington coffee shop Flow State CoffeeBar will open a 1,200-square-foot space at 2413 Frankford Ave. next week with a coworking option. For $30, patrons can purchase a day-ass and take advantage of unlimited wifi, breakfast, lunch and gelato. Read more at Technical.ly Philly.
A Consumer Reports survey released this week found Google Fiber’s TV service to the best among the 25 providers evaluated. Only 38 percent of the 176,000 members surveyed were highly-satisfied with pay-TV services. Read more at The New York Post.
Seattle’s Finance and Administrative Services department reported the city has collected $5.8 million in revenue from its newly imposed soda tax in the second quarter of 2018. The 1.75 cent per fluid ounce tax went into effect six months ago and has collected $10.5 million in taxes since the beginning of the year. Read more at Fox Business.