City: Philadelphia
REIT Closes Purchase of Philadelphia Office Trophy
July 29, 2002 IPC US REIT has closed on its purchase of 1650 Arch St., the former Cigna headquarters in downtown Philadelphia.The Toronto-based REIT acquired an 89 percent interest in the Class-A tower, which valued the 587,000-square-foot building at $71.5 ...
Clarification: Ashforth, GE Venture Buys Majority Interest in Philly Office Tower
July 18, 2002 The Ashforth Co. and an affiliate of GE Asset Management have teamed to buy a majority interest in the limited liability company that owns 1818 Market St., a 37-story office tower in downtown Philadelphia. A story published ...
Ashforth, GE Venture Complete Philly Office Tower Buy
Clarification (July 18, 2002): The Ashforth Co. and an affiliate of GE Asset Management have teamed to buy a majority interest in the limited liability company that owns 1818 Market St. The story below didn't specify that it was an ...
1650 Arch St.
deal is for 85% stake in the former Cigna Corp. HQ; Walton will retain remaining interest
1818 Market
Ashforth and GE bought a majority interest in the building
Canadian Firm to Buy Stake in Philadelphia Offices
June 26, 2002 A Canada-based REIT has agreed to buy an 85 percent stake in the former Cigna Corp. headquarters in downtown Philadelphia.IPC US REIT's (TSE:IUR) pending acquisition of 1650 Arch St. values the 27-story office tower at $71.5 million, ...
Shorenstein Buys Philadelphia’s Two Liberty Place
June 19, 2002 Shorenstein Co. has acquired its first Philadelphia office building.The San Francisco company has acquired Two Liberty Place, a distinctive 1.2 million-square-foot office building in the city's central business district.Shorenstein acquired the property for about $200 million, or ...
Philly’s Drake Tower Gets $16.5Mln DUS Loan From Red Mortgage
June 11, 2002Red Mortgage Capital has provided $16.5 million of permanent financing for the Drake Tower, a 30-story multifamily property in southwest Philadelphia.The 10-year financing, which will amortize over 30 years, was financed through the company's Fannie Mae Delegated Underwriting ...
REIT Refinances Pa. Shopping Center, Buys Another
June 5, 2002 HARRISBURG, Pa. – Cedar Income Fund Ltd. (Nasdaq:CEDR) has refinanced The Point Shopping Center, a 256,000-square-foot property.Protective Life Insurance Co. of Birmingham, Ala., provided the $21 million mortgage for the retail center, which is anchored by Giant ...
1650 Market St.
aka Two Liberty Place; 58-story tower is fully leased to Insurance Co. of North America.
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