City: Philadelphia

Kohan Retail Investment Group, the most prolific buyer of malls backing distressed CMBS loans, has paid $55 million for the Montgomery Mall in suburban Philadelphia. The property, previously owned by Simon Property Group, had been encumbered by a $100 million ...

Real Estate NJ Rockefeller Group has broken ground on a 345,600-square-foot distribution center in Eastampton Township, N.J., about 37 miles east of Philadelphia. The New York developer is building the industrial property on a 27.64-acre site along U.S. Route 206, ...

Philadelphia Business Journal The Propp family has paid $56.5 million, or $235.42/sf, for the 240,000-square-foot Red Lion Plaza shopping center in Philadelphia. The New York-based family bought the retail property from a venture of Finmarc Management Inc. and KPR LLC, ...

Philadelphia Business Journal Wells Fargo Bank has provided $100.2 million of construction financing for the 344-unit apartment project at the corner of Broad and Noble streets in Philadelphia. A venture of Toll Brothers Inc. and Sundance Bay is constructing the ...

Commercial Real Estate Direct Staff Report The value of the Montgomery Mall in suburban Philadelphia, which until June was owned by Simon Property Group, has declined to $57.5 million, based on an April appraisal. The 1.1 million-square-foot shopping center in ...

The Highlands Ranch, Colo., REIT has paid $115 million for the 320-unit Smith Valley Forge Apartments in King of Prussia, Pa. It funded the acquisition by tapping a line of credit, but expects to take that out with proceeds from ...

Commercial Observer PMC Property Group has secured $155 million of financing against the 331-unit Riverwalk apartment project in Philadelphia. New York Community Bank provided the loan, which has a 10-year term and a coupon of less than 3 percent. Meridian ...