David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Berwyn
Suburban Phila. Office Sees 31,000 SF of Leasing in Recent Months
More than 31,000 square feet of leases have been signed at the Westlakes office complex in the Philadelphia suburb of Berwyn, Pa., bringing the 447,546-square-foot property to 80% occupancy. The four-building property, at 1000, 1055, 1205, and 1235 Westlakes Drive, ...
Bozzuto-Led Venture Completes Redevelopment of Phila.-Area Retail Space to Apartments
Philadelphia Business Journal A venture of Bozzuto and Echo Realty has completed the redevelopment of the retail property at 400 Swedesford Road in Berwyn, Pa., into the 250-unit Ember at Berwyn Apartments. Echo Realty, of Pittsburgh, had owned the property ...
Davidson Kempner Buys 80 Percent Stake in Office Portfolio from Brandywine in $192.9Mln Deal
Davidson Kempner Capital Management has acquired an 80 percent stake in a portfolio of office buildings in Maryland and Pennsylvania from Brandywine Realty Trust, which said the sale generated $156 million of net cash proceeds.
Swedesford Plaza
98 percent occupied. The property is collateral for $35.1 million of debt that's securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2007-LDP11.
Swedesford Plaza/380-460 Swedesford Road.
Wharton has lined up $35.1 million of permanent financing for the property. Capmark Finance Inc. arranged the financing.
1041 Cassatt Road
Trinity funded the transaction with $22.5 million of debt provided by JPMorgan and arranged by BlueStone Real Estate Capital. Terms of the financing were not disclosed.
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
