City: Philadelphia

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 ...

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, ...

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 ...

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 ...

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 ...

May 23, 2002 PHILADELPHIA – Progress Plaza, a North Philadelphia shopping center that was developed by one of the country's leading civil-rights leaders, is about to get a fresh look due to an infusion of capital by Kravco Co., a ...

May 15, 2002PHILADELPHIA – Thomas Properties Group has closed on its purchase of 11 Penn Center, a 29-story, Class-A office tower in downtown Philadelphia.The adviser bought the 685,000-square-foot building at 1835 Market St. on behalf of a pension fund client.The ...