City: Philadelphia
NewPoint Lends $61Mln Against Apartment Property in Suburban Philadelphia
Commercial Observer Rose Valley Capital has secured $61 million of financing from NewPoint Real Estate Capital for its acquisition of the 172-unit Weatherstone Flats apartment property in Chester Springs, Pa., a suburb of Philadelphia. Meridian Capital Group arranged the bridge ...
PGIM, AXA Lend $350Mln Against Southern N.J. Apartment Portfolio
REBusiness Online PGIM Real Estate has teamed with AXA IM Alts to provide a $350 million loan against a portfolio of 29 industrial properties encompassing 4.9 million square feet in Burlington and Gloucester counties in southern New Jersey. The borrower ...
Southern Land Starts Construction of 254-Unit Apartment Property in Downtown Phila.
Multi-Housing News Southern Land Co. has started work on a 254-unit apartment building at 1620 Sansom St. in downtown Philadelphia. The Nashville, Tenn., developer expects to complete the 27-story property by winter of 2023. It bought the development site, which ...
Venture to Develop 200,000-SF Life-Sciences Property in Philadelphia
REBusiness Online A venture of Tishman Speyer and Bellco Capital is planning to develop a 200,000-square-foot life-sciences property in Philadelphia's downtown, or Center City, section. The property is being planned for a development site along the 2300 block of Market ...
Next LVL
OneFive Capital has acquired Next LVL, a 281-unit multifamily property in Philadelphia, for $88 million, or $313,167/unit. The Philadelphia company bought the property, at 4233 Chestnut St. in the city's University City section, from its developer, Alterra Property Group. It ...
Construction of 250,000-SF Mixed-Use Building in Phila.’s University City Completed
REBusiness Online A partnership among developer Silverstein Properties, Cantor Fitzerald and University Place Associates has topped out construction of the 3.0 University Place mixed-use building in Philadelphia's University City neighborhood. Work on the 250,000-square-foot property, at 4101-23 Market St., began ...
Local Developer, University Unite to Build Phila. Life-Sciences Facility
Philadelphia Inquirer Gattuso Development Partners plans to build a 500,000-square-foot life-sciences property on the campus of Drexel University in Philadelphia. Construction of the 11-story building, on the 3200 block of Cuthbert Street, is scheduled to begin later this year and ...
OneFive Gets Up to $66Mln of Financing for Philadelphia Apartment Buy
Commercial Real Estate Direct Staff Report OneFive Capital has secured an acquisition loan of between $61.6 million and $66 million from ACORE Capital LP. to help finance its $88 million purchase of the 281-unit Next LVL apartment property in Philadelphia's University ...
281-Unit Multifamily Property in Philadelphia Sold for $88Mln
Multi-Housing News OneFive Capital has acquired Next LVL, a 281-unit multifamily property in Philadelphia, for $88 million, or $313,167/unit. The Philadelphia company bought the property, at 4233 Chestnut St. in the city's University City section, from its developer, Alterra Property ...
iBorrow Lends $52Mln Against Phila. Student-Housing Property
IBorrow has provided $52 million of financing against the Edge Student Village, a 240-unit and 798-bed student-housing property next to Temple University's main campus in Philadelphia. The property, at 1601 North 15th St., is owned by Emet Capital Management, which ...
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