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 ...
95% occupied with several small tenants, including GE Capital, law firms and doctors. Rents run $19-$20/sf.
January 17, 2002Commercial Real Estate Direct Staff ReportPHILADELPHIA – A portfolio of three Class-B office buildings owned by a family of New York investors is now officially for sale, following a short period in which the owners tried to offer ...
the purchase includes the assumption of a $56.1 million mortgage that matures in 2012.
November 14, 2001 Commercial Real Estate Direct Staff ReportCredit Suisse First Boston has provided $65.5 million of permanent financing for the Metroplex Shopping Center, a power center in Plymouth Meeting, Pa., a suburb of Philadelphia.The property's owner, a partnership led ...
Lend Lease is bringing to market another office property that is owned by one of its opportunity funds. The fund adviser has hired CB Richard Ellis to find a buyer for Northpark Central. Locals say it could sell for upwards ...
October 10, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterEquitable Life Assurance Society closed Friday on the sale of a 400,000-square-foot office complex in Bala Cynwyd, Pa., a Philadelphia suburb.As expected, anchor tenant Susquehanna International Group bought the ...
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