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The 29-story building at 1835 Market St. is 90% leased to such firm as TIAA-Cref, CSFB and Dow Jones.
April 10, 2002 Commercial Real Estate Direct Staff ReportPHILADELPHIA – A consortium of pension funds has provided a five-year mezzanine loan for the acquisition of 260 S. Broad St., an office building in Center City.The loan, when combined with the ...
April 2, 2002 PHILADELPHIA – ARCS Commercial Mortgage has provided $35 million of financing through its Fannie Mae Delegated Underwriting and Servicing program for a 412-unit apartment property.The 10-year loan, which amortizes over 30 years and carries an interest rate ...
approximate price for the building known as the Atlantic Building
Tower is fully leased; Aramark Corp. and the Philadelphia Authority for Industrial Development take 75%.
March 18, 2002PHILADELPHIA – Walton Street Capital is again trying to sell 1650 Arch St. in Center City, a year after pulling the former Cigna Corp. headquarters off the market.The private real estate company in Chicago believes the timing is ...
March 11, 2002 PHILADELPHIA – An opportunity fund managed by local financiers Ira Lubert and Dean Adler has put the 988-unit Presidential City Apartments on the sales block for $81 million, or $79,487/unit.The fund bought the property, which is comprised ...
March 1, 2002 PHILADELPHIA – The city will launch a competition today among private real estate firms for the right to develop an office park on a 60-acre tract at the old Philadelphia Navy Base.Bringing in a private company with ...
The dilapidated old Daily News Building, vacant for decades in the heart of Center City Philadelphia, has been sold to a New York buyer, several sources say. Developers say it may have fetched $10 million.
February 12, 2002 NEW YORK – W. P. Carey & Co. (NYSE:WPC) has acquired four schools from Lincoln Technical Institute, which is leasing the properties back.The $10.1 million transaction calls for Lincoln to lease the four facilities under 15-year bond-type ...
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