City: Philadelphia

Wolfson-Verrichia has tapped GMAC Commercial to help find $68 million of permanent financing for an 800,000-sf retail development in the Philadelphia suburbs.

Amerimar Enterprises and Archon Group, which separately acquired properties in Philadelphia that they plan to convert into carrier hotels, are looking for financing to complete renovations.

The recently renovated Wanamaker Building, one of the first department stores in the world, is again up for sale. Since its last acquisition, the enormous structure has seen big changes. It could go for $150 million.

The 1.8 million-sf Novartis Pharmaceuticals campus in northern New Jersey was sold to Schering-Plough Corp., another large drug firm. Meanwhile, bids were due this week on a 1.5 million-sf complex just outside Philadelphia, owned by Wyeth-Ayerst.

Willard Rouse, founder of Liberty Property Trust, is again attempting to alter the skyline of the nation's first capitol, senior-level sources say. The REIT is in talks to buy a parking lot on which it would construct an office high-rise.

Oaktree Capital Management of Los Angeles has purchased the United Engineers Building in Philadelphia's central business district. It's been on the market for more than a year and a half.

Development and construction management firm Jeffrey M. Brown Associates is at work on two big projects in the Bronx, while finishing up on an ambitious, fast-track office and parking facility in Jersey City.

June 19, 2000 NEW YORK – Related Capital Co. has arranged $10.5 million of historic tax-credit funding allowing Dranoff Properties to invest in the rehabilitation of a University City property in Philadelphia. The property is slated to become the Left ...

June 12, 2000 PHILADELPHIA – The first speculative office building to go up in Philadelphia in eight years is now 90 percent leased.The 140,000-square-foot building at 3701 Market Street is one of five that University City Science Center, a consortium ...