City: Philadelphia

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 ...

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 ...

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 ...