City: Philadelphia

June 18, 2001 NEW YORK – The Source Interlink Co. (Nasdaq:SORC) will sell five properties, totaling more than 700,000 square feet of manufacturing and office space, for $25.3 million, to an undisclosed buyer.The transaction consists of $19 million of cash ...

Equitable Life, which came close to selling a major interest in a $1 billion portfolio of office buildings, has started selling the properties individually. The insurer was to have sold the stake to a REIT and an opportunity fund.

An affiliate of Emmes Asset Management has hired Secured Capital to market a 1,798-unit multifamily property in Elkins Park, Pa. The property, Lynnewood Gardens, secured loans that backed a 1997 CMBS deal that defaulted.

The opportunistic investment firm is leading a venture that paid $90 million for the Cedarbrook Hill Apartments in Montgomery County, just north of Philadelphia. AIG provided what could amount to $80 million of interim financing for the purchase.

April 18, 2001 Commercial Real Estate Direct Staff ReportPHILADELPHIA – RAIT Investment Trust (Amex:RAS) said it raised more than $36 million from the sale of 2.8 million of its common shares in an offering that priced March 22.Of the 2.8 ...

April 16, 2001 Two Penn Center and 11 Penn Center in Philadelphia's central business district are being put up for sale. According to the Philadelphia Business Journal, CB Richard Ellis has been hired by the owner of 11 Penn, the ...

The former tuxedo factory is the latest in a string of Center City redevelopments, spurred by a 1997 city tax abatement program to turn empty industrial buildings into apartments. Plans for the rest of the empty block will be revealed ...

Insignia is under agreement to acquire Leggat's management and leasing contracts from Boston to Washington, D.C. A deal had been rumored to be in the works for much of last week.