City: Philadelphia

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.

The historic department store building, now a mix of office and retail, had been up for sale since last summer. The ownership team took it off the market after the new year in the hopes of raising about $100 million ...

January 17, 2001 PHILADELPHIA – The Brickstone Cos. has hired Sonnenblick-Goldman Co. to sell the Mellon Independence Center, a landmark office and retail complex in Center City, in a deal that could fetch more than $100 million, or at least ...

December 4, 2000 PHILADELPHIA – A team of Denholtz Associates and the Zaro Group has completed its $50 million, or $105.50/sf, purchase of 1800 and 1880 JFK Blvd. in Philadelphia.The acquisition of the two 20-story buildings, totaling 474,000 square feet, ...

Things are starting to fall into place for the 1.1 million-sf facility, which is still being renovated. A financing package is imminent.

Loan quotes on the historic one-square-block building have been sought by the ownership partnership, but a sale is still considered the more likely scenario.