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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 ...
The spot is a rare piece of open space in the West Market Street office corridor. It was cleared for a tower identical to the 45-story building next door, but the early '90s economy and lawsuits kept it a plot ...
September 10, 2001 PHILADELPHIA – Sylvan M. Cohen, who in 1960 founded one of the nation's first REITs, died Saturday at his home in Center City Philadelphia. He was 87.He was chairman of Pennsylvania Real Estate Investment Trust, the Philadelphia-based ...
August 27, 2001 KING OF PRUSSIA, Pa. – Principal Capital Management has provided $16 million of permanent financing for the Henderson Square Shopping Center in King of Prussia, a suburb of Philadelphia. Henderson Square LP, controlled by retail developer Kravco ...
Philadelphia has become an active market in terms of office building offerings. Two Liberty Place, one of the biggest in the city, is the latest to hit the block. But there are a couple of hitches.
August 23, 2001 PITTSBURGH – A short list of prospective developers have been selected from about 100 vying for the right to develop the land between PNC Park and Heinz Field, homes of the Pittsburgh Pirates and Steelers, respectively.The developers ...
August 14, 2001 PHILADELPHIA – Zurich Structured Finance Inc. has taken a majority interest in Mellon Independence Center, an 811,180-square-foot landmark office and retail complex in Center City.The deal makes Zurich, the New York finance arm for Switzerland-based Zurich Financial ...
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