May 9, 2003 Wachovia has provided a $42 million mortgage for One South Broad St., a 25-story office tower along the Avenue of the Arts in downtown Philadelphia.New York investor David Werner used the 10-year, fixed-rate loan to finance his ...
A Canada-based REIT has struck a deal to buy the landmark building in a deal that values the property at $122 million. CSFB is financing the purchase with about $70 million of fixed-rate and floating-rate debt.
aka the Wanamaker Building; deal is for 60% stake; 972,000 sf of Class-A office and 435,000 sf of retail space
April 28, 2003 Philadelphia InquirerThe City of Philadelphia has sent out request for proposals on what to build at Penn's Landing to seven developers, giving them until Aug. 1 to submit detailed plans. According to the timetable, Mayor John Street ...
April 28, 2003 Philadelphia Business JournalJ.P. Morgan Chase & Co. has sold One South Broad St., a 25-story office tower along Philadelphia's Avenue of the Arts, for $48 million, or about $103/sf, to David Werner, a private real estate investor ...
April 28, 2003 Philadelphia Business JournalA real estate opportunity fund managed by Philadelphia financiers Ira Lubert and Dean Adler is close to selling the Presidential City Apartments, a four-building complex off City Avenue, for an estimated $72 million. The landmark ...
April 21, 2003 Philadelphia Business JournalThe Rubenstein Co. has put 2000 Market St., a 628,000-square-foot building on the far edge of Philadelphia's central business district, back up for sale. A year ago it quietly looked to unload the building through ...
April 17, 2003 Binswanger/CBB has hired Valerie B. Bowman as vice president for advisory services in the Philadelphia office. Her primary responsibility will be oversight and management of major accounts, as well as business development. She was most recently a ...
April 14, 2003 Philadelphia Business JournalThomas Jefferson University Hospital has hired Hether Smith of Julien J. Studley to market for sale the Western Union building, one of three parcels along 11th Street in Philadelphia that the medical school wants to ...
April 7, 2003 Philadelphia Business JournalLiberty Property Trust has backed away from a deal to buy 1919 Market St., one of the last remaining prime development sites in Center City Philadelphia's business district. The Malvern, Pa., REIT had put the ...
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