Philadelphia Business Journal The Bala Plaza office property, with 1.1 million square feet in the Philadelphia suburb of Bala Cynwyd, Pa., has been sold for $185 million, or $168.20/sf, and is expected to be redeveloped into a mixed-use project. A ...
REBusiness Online United Fulfillment Solutions Inc. has signed a lease for 217,986 square feet of industrial space at the Rancocas 5 Industrial Park in Burlington, N.J. The company will occupy all of Building One, at 2605 Rancocas Road, owned by ...
Dwight City Group, an affiliate of Dwight Capital, has completed the redevelopment of the former 125,000-square-foot warehouse property at 901 Quarry St. in the Philadelphia suburb of Darby, Pa., into an 84-unit apartment building. Dwight City had acquired the warehouse ...
Philadelphia Business Journal A venture of Bozzuto and Echo Realty has completed the redevelopment of the retail property at 400 Swedesford Road in Berwyn, Pa., into the 250-unit Ember at Berwyn Apartments. Echo Realty, of Pittsburgh, had owned the property ...
JLL Capital Markets had arranged the $215 million mortgage that JPMorgan Chase Bank, Barclays Capital and Wells Fargo Bank had provided against the 1,408-room Philadelphia Marriott Downtown hotel. As reported, the five-year loan carries an interest-only coupon of 8.705 percent. It ...
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Barclays Capital and Wells Fargo Bank have provided $215 million of mortgage financing against the 1,408-room Philadelphia Marriott Downtown, allowing the property's owner to pay off a $237.27 million loan. The ...
Affinius Capital and Bank OZK have provided $102 million of financing for the development of the second phase of the Tac-Pal Logistics Center in the Philadelphia suburb of Palmyra, N.J. Affinius took down a junior portion of the loan, while ...
Basis Investment Group has made a $100 million preferred-equity and limited-partner equity investment in a proposed two-building apartment project with 614 units that is being developed at 1200 Normandy Place in the Navy Yards area of Philadelphia. The project, for ...
Hilco Redevelopment Partners has started construction on the first phase of the Bellwether District, an industrial hub planned for a 1,300-acre parcel south of downtown, or Center City, Philadelphia. The entire project, along the Schuylkill River, is expected to take ...
Commercial Real Estate Direct Staff Report The $222.9 million loan against 1818 Market St., a 1 million-square-foot office building in Philadelphia, has been sent to special servicing as the property's growing cash flow faces challenges meeting its increased debt-service obligation. ...
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