City: Philadelphia

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...

North Palisade Partners has paid $39.3 million for two neighboring self-storage properties with 199,300 square feet in the Northern Liberties section of Philadelphia. The Newport Beach, Calif., investment manager pursues acquisition and development opportunities involving industrial, industrial outdoor storage and ...

Commercial Real Estate Direct Staff Report An increase in the expected losses from the resolution of the $368 million loan against the 1.76 million-square-foot Centre Square office property in Philadelphia has prompted Moody's Ratings to further downgrade the two most-senior ...

Canyon Partners Real Estate and JPMorgan Chase Bank have provided $156 million of mortgage financing against the 889,300-square-foot Bridge Point South Philadelphia industrial property in Philadelphia. The short-term loan allowed the property's owner and developer, Bridge Industrial of Chicago, to ...

Affinius Capital has provided $145 million of mortgage financing against the 255-unit Josephine apartment property in Philadelphia's Rittenhouse Square neighborhood. The loan was arranged by Newmark and allowed the property's developer, Southern Land Co., to pay off a $112 million construction ...

Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 1.76 million-square-foot Centre Square office building and is expected to pursue a similar strategy. The local company ...

Commercial Real Estate Direct Staff Report David Werner Real Estate Investments, which three years ago purchased the Arcola Corporate Campus, comprised of 14 laboratory and research and development buildings with 1.85 million square feet from Pfizer Inc. in the Philadelphia ...

Banco Inbursa has provided $150 million of financing to fund the construction of the 620-unit first phase of the Wharton Piers mixed-use project along the Delaware River in Philadelphia. The project is being developed by Brevet Capital, a New York ...

PRP Real Assets is offering for sale the 492,122-square-foot Cencora HQ at SORA West office building in Conshohocken, Pa. JLL Capital Markets has the listing for the 11-story property at 1 West 1st Ave., about 15 miles northwest of Center ...